Stoneridge Reports First-Quarter 2020 Results

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Go back to Stoneridge Reports First-Quarter 2020 Results

Stoneridge (SRI) Tops Q1 EPS by 1c, Revenues Beat

May 6, 2020 5:28 PM EDT

Stoneridge (NYSE: SRI) reported Q1 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $186 million versus the consensus estimate of $182.24 million.

2020 First-Quarter Results

Earnings per diluted share (\"EPS\") of $0.13Adjusted EPS of $0.20Sales of $183.0 millionGross profit of $45.4 millionAdjusted gross profit of $47.0 million (25.7% of sales), an improvement of 170 basis points vs. Q4 2019 (excluding divested product lines)Operating income of $3.7 millionAdjusted operating income of $6.0 million (3.3% of sales)Adjusted EBITDA of $16.1 million (8.8% of sales)The Company estimated... More