Company Profile For Stoneridge, Inc.

Stoneridge, Inc. (SRI.N) (New York Stock Exchange)

sector: Cyclical Consumer Goods & Services · industry: Auto/Truck/Motorcycle Parts ·

As of 1:33am IST

7.17USD

Price Change

-0.04

Percent Change

-0.55%

Analyst Recommendations

Overview

Stoneridge, Inc. is an independent designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, medium and heavy-duty truck, agricultural and off-highway vehicle markets. The Company conducts its business in two segments: Electronics and Control Devices. The core products of the Electronics reportable segment include vehicle electrical power and distribution systems, and electronic instrumentation and information display products. The core products of the Control Devices reportable segment include electronic and electrical switch products, control actuation devices and sensors. The Company’s engineered products are sold on a sole-source basis and consist of application-specific control devices, sensors, vehicle management electronics, and power and signal distribution systems.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Stoneridge, Inc.'s revenues decreased 43% to $341.4M. Net loss totaled $32.2M vs. an income $10.9M. Revenues reflect lower Electronics segment and control devices segment sales due to lower sales volume in North American commercial vehicle, light vehicle and agricultural markets. Net loss also reflects an increase in interest expense net, decreased equity in earnings of investees and higher other expense.