STONERIDGE INC

Listed Company

SRICIK 0001043337NYSEAcceleratedMotor Vehicle Parts & AccessoriesOhioFY ends Dec 31

Period

FY 2025

Revenue

$861.26M

Net Income

$-102.83M

Total Assets

$551.19M

Equity

$179.78M

Shares Out

28.02M

Op. Cash Flow

$34.02M

Business

STONERIDGE INC supplies electronics systems and technologies that power vehicle intelligence and enable safety and security for on- and off-highway transportation. It offers actuators, sensors, switches, driver information and vision systems, connectivity and compliance solutions, control modules, tracking and telematics, security products and multimedia devices. The company operates three reportable segments—Control Devices, Electronics and Stoneridge Brazil—focused on actuation and sensors, advanced driver information and vision systems, and South American tracking, telematics and consumer vehicle electronics. Products are sold worldwide to commercial vehicle, automotive, off-highway and agricultural OEMs, select Tier 1 suppliers and aftermarket distributors via OEM, aftermarket and direct channels.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	861	908	976	900	770
Cost of goods sold	690	719	775	725	604
Selling, general and administrative	126	117	117	107	116
Impairment of Control Devices assets	22	0	0	—	—
Design and development	63	72	71	65	66
Operating (loss) income	−39	−381,000	13	3	15
Interest expense, net	14	14	13	7	—
Equity in (earnings) loss of investee	−340,000	1	522,000	823,000	−4
Other expense (income), net	4	−3	1	6	1
Loss before income taxes	−55	−14	−2	−11	12
Provision for income taxes	47	3	3	3	9
Net loss	−103	−17	−5	−14	3
Basic (in dollars per share)	−3.7	−0.6	−0.19	−0.52	0.13
Diluted (in dollars per share)	−3.7	−0.6	−0.19	−0.52	0.12
Basic (in shares)	28	28	27	27	27
Diluted (in shares)	28	28	27	27	27

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	66	72	41	55	86
Accounts receivable, less reserves of $383 and $1,060, respectively	131	138	167	158	150
Inventories, net	133	151	188	153	138
Prepaid expenses and other current assets	32	27	34	44	37
Total current assets	362	388	429	410	411
Property, plant and equipment, net	79	98	110	105	108
Intangible assets, net	38	40	47	46	50
Goodwill	38	33	35	34	36
Operating lease right-of-use asset	13	10	11	14	18
Investments and other long-term assets, net	22	54	47	44	42
Total long-term assets	189	234	251	243	255
Total assets	551	622	680	652	665
Accounts payable	82	83	112	110	98
Accrued expenses and other current liabilities	75	66	64	66	70
Total current liabilities	158	150	178	178	173
Revolving credit facility	181	202	189	168	—
Deferred income taxes	10	5	7	8	11
Operating lease long-term liability	9	6	8	11	15
Other long-term liabilities	14	13	10	7	7
Total long-term liabilities	214	226	214	193	196
Preferred Shares, without par value, 5,000 shares authorized, none issued	0	0	0	0	0
Common Shares, without par value, 60,000 shares authorized, 28,966 and 28,966 shares issued and 28,018 and 27,695 shares outstanding at December 31, 2025 and December 31, 2024, respectively, with no stated value	0	0	0	0	0
Additional paid-in capital	219	226	227	233	232
Common Shares held in treasury, 948 and 1,271 shares at December 31, 2025 and December 31, 2024, respectively, at cost	−27	−38	−43	−50	—
Retained earnings	77	180	197	202	216
Accumulated other comprehensive loss	−89	−122	−93	−103	−97
Total shareholders' equity	180	245	288	281	296
Total liabilities and shareholders' equity	551	622	680	652	665

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	24	26	27	27	28
Amortization, including accretion and write-off of deferred financing costs	10	9	8	8	7
Deferred income taxes	37	−6	−4	−5	−511,000
(Gain) loss of equity method investee	−340,000	1	522,000	823,000	−4
Loss (gain) on sale of fixed assets	146,000	257,000	−860,000	−241,000	−165,000
Share-based compensation expense	5	4	3	6	6
Excess tax deficiency related to share-based compensation expense	475,000	248,000	230,000	543,000	−563,000
Accounts receivable, net	17	20	−6	−13	−17
Inventories, net	31	27	−32	−20	−51
Prepaid expenses and other assets	−7	877,000	17	−5	−5
Accounts payable	−9	−25	1	18	17
Accrued expenses and other liabilities	8	6	−4	4	13
Net cash provided by operating activities	34	48	5	7	−36
Capital expenditures, including intangibles	−22	−24	−38	−32	−27
Proceeds from sale of fixed assets	399,000	385,000	2	158,000	268,000
Investment in venture capital fund, net	−372,000	−550,000	−350,000	−950,000	—
Net cash used for investing activities	−22	−24	−37	−29	28
Revolving credit facility borrowings	49	136	117	22	92
Revolving credit facility payments	−73	−122	−97	−18	−64
Proceeds from issuance of debt	20	32	36	39	46
Repayments of debt	−20	−34	−35	−42	−48
Other financing costs	−777,000	0	−2	−484,000	−18,000
Repurchase of Common Shares to satisfy employee tax withholding	−340,000	−795,000	−2	−791,000	−3
Net cash (used for) provided by financing activities	−25	11	17	−7	23
Effect of exchange rate changes on cash and cash equivalents	8	−3	591,000	−2	−3
Net change in cash and cash equivalents	−6	31	−14	−31	12
Cash paid for interest	14	15	13	7	6
Cash paid for income taxes, net	10	9	10	6	11

Filings

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