Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets in North America, South America, Europe, and internationally. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators, as well as other electronic products that monitors, measures, or activates specific functions within a vehicle; and actuator products that enable original equipment manufacturers (OEM) to deploy power functions in a vehicle, as well as to integrate switching and control functions. The Electronics segment offers electronic instrument clusters, electronic control units, and driver information systems. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment's power distribution modules and systems regulate, coordinate, and direct the operation of the electrical system within a vehicle. The PST segment offers in-vehicle audio and video devices, electronic vehicle security alarms, convenience accessories, infotainment systems, and vehicle tracking devices and monitoring services. It offers its products and systems to various OEM and tier one supplier customers, as well as aftermarket distributors and mass merchandisers for use in various vehicle platforms. Stoneridge, Inc. was founded in 1965 and is headquartered in Warren, Ohio.
Stoneridge posts 3Q profit WARREN, Ohio (AP) _ Stoneridge Inc. (SRI) on Thursday reported third-quarter earnings of $10.3 million. On a per-share basis, the Warren, Ohio-based company said it had net income of 36 cents. The maker of electronic components for the automotive and other markets posted revenue of $173.8 million in the period. Stoneridge expects full-year earnings to be $1.25 to $1.40 per share, with revenue in the range of $690 million to $700 million. Stoneridge shares have increased 23 percent since the beginning of the year. The stock has increased 43 percent in the last 12 months.
