Stoneridge Inc
NYSE:SRI
Stoneridge Inc
Stoneridge, Inc. engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company is headquartered in Novi, Michigan and currently employs 5,000 full-time employees. The firm operates through three segments. Its Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle. This segment includes product lines such as actuators, sensors, switches and connectors. Its Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity and compliance products and electronic control units. Its Stoneridge Brazil segment primarily serves the South American market and specializes in the design, manufacture and sale of vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices and telematics solutions primarily for the automotive and motorcycle markets.
Stoneridge, Inc. engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company is headquartered in Novi, Michigan and currently employs 5,000 full-time employees. The firm operates through three segments. Its Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle. This segment includes product lines such as actuators, sensors, switches and connectors. Its Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity and compliance products and electronic control units. Its Stoneridge Brazil segment primarily serves the South American market and specializes in the design, manufacture and sale of vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices and telematics solutions primarily for the automotive and motorcycle markets.
Outperformance: Stoneridge outperformed its weighted average OEM end markets by 150 basis points in 2025 despite significant industry headwinds, driven primarily by strong MirrorEye demand.
MirrorEye Momentum: MirrorEye sales were quoted as "over $110 million" (and later specified as $111 million) in 2025, and management expects MirrorEye to reach at least $160 million in 2026 and drive long-term growth to $750 million by 2027.
Financials/Cash: Full-year adjusted EBITDA was $28.6 million (3.3% of sales) and adjusted free cash flow was approximately $19 million, helped by an $18.7 million reduction in inventory.
Restructuring/Divestiture: The Control Devices business was sold for a base purchase price of $59 million to simplify the company and focus on higher-growth Electronics and Brazil businesses.
Guidance / Targets: 2026 revenue growth midpoint implies about 4.2% growth; midpoint EBITDA guidance is $22.5 million. Management targets at least $750 million revenue in 2027 and $44 million EBITDA in 2027, and $850 million to $1 billion revenue by 2030.
Near-term headwinds: Q4 underperformance included ~$2 million from Control Devices, ~$1.2 million of incremental tariffs on the remaining business, and ~$3.3 million of incremental quality costs in the quarter; some warranty costs remain for legacy electronics issues.
Leadership transition: CEO Jim Zizelman will retire May 20; Natalia Noblet becomes President & CEO April 1 to continue the company's focused product and execution strategy.
