Stoneridge Reports Strong Second-Quarter 2019 Results

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Go back to Stoneridge Reports Strong Second-Quarter 2019 Results

Stoneridge (SRI) Tops Q2 EPS by 10c, Revenues Beat; Raises FY19 EPS Outlook

July 31, 2019 5:45 PM EDT

Stoneridge (NYSE: SRI) reported Q2 EPS of $0.36, $0.10 better than the analyst estimate of $0.26. Revenue for the quarter came in at $222.2 million versus the consensus estimate of $203.71 million.

"Stronger demand for our emissions products in China and off-highway vision systems drove increased revenue for the quarter compared to the second quarter of 2018. As a result, adjusted earnings per share outperformed our expectations," said Jon DeGaynor, president and chief executive officer. "In addition to the strong financial performance, we are announcing new awards that are significant to the business both financially and strategically. We... More