Stoneridge (SRI) Tops Q4 EPS by 4c
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Stoneridge Reports Strong Fourth-Quarter And Full-Year 2016 Results
March 2, 2017 7:30 AM ESTNOVI, Mich., March 2, 2017 /PRNewswire/ --
2016 Results
Reports full-year 2016 earnings per diluted share from continuing operations attributable to Stoneridge, Inc. ("EPS") of $2.74 Full-year 2016 adjusted EPS of $1.42, increased by $0.60, or 73%, compared with 2015. Adjusted EPS excludes (i) benefit from the release of the valuation allowance on U.S. Federal, certain state and foreign deferred tax assets in the fourth quarter resulting in non-cash tax benefit of $1.37 in 2016, and (ii) ($0.05) related to business realignment expenses over the course of the year. Full-year sales of $696.0 million increased by $51.2 million, or 8%, compared with 2015... More