Stoneridge Q3 net loss widens

Overview

• US vehicle electronics supplier's Q3 adjusted sales rose 30% yr/yr, reported sales up 12%

• Company posted Q3 net loss, but adjusted net income turned positive yr/yr

• Q3 results hit by $24.2 mln charge from adverse arbitration ruling

Outlook

• Stoneridge raises 2026 adjusted revenue guidance to $690 mln–$700 mln from $645 mln–$670 mln

• Company expects 2026 adjusted EBITDA at the bottom end of prior $20 mln–$25 mln range

• Company sees continued strong demand in commercial vehicle markets into 2027

Result Drivers

• COMMERCIAL VEHICLE DEMAND - Co said increased volumes in North American and European commercial vehicle markets drove revenue growth

• PRODUCT AND REGIONAL PERFORMANCE - Record MirrorEye sales and higher OEM sales in Brazil contributed to Q3 growth

• COST CONTROL - SG&A as a percentage of sales improved due to overhead and expense reductions

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

Reuters Recommended Reads

• Nov 2 - Commercial Vehicle Group Q3 revenue rises 36.5% on increased customer demand

• Nov 3 - Aptiv Q3 revenue rises on regional sales growth

• Nov 3 - Schaeffler to cut 3,460 jobs, shut five European plants as auto slump bites

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)