Earnings Releases·Nov 4, 2026, 5:21 PM ET

Stoneridge — Third Quarter 2026 Earnings Summary

Reported Q3 adjusted net sales of $180.0 million (+29.9% YoY) and adjusted EBITDA of $7.3 million (+41.7% YoY), though GAAP net loss widened to $22.9 million due to a $24.2 million arbitration charge.
Raised 2026 adjusted sales guidance to $690–$700 million (from $645–$670 million) but lowered adjusted EBITDA guidance to $20–$25 million and adjusted gross margin guidance to 20.5–21.0%.
Electronics segment sales grew 30.5% YoY to $158.6 million, driven by record MirrorEye revenue ($37M+) and new OEM orders projected to generate $180 million in cumulative incremental sales through 2028.
Net debt decreased $47.6 million to $80.2 million following the Q1 2026 divestiture of the Control Devices business, with proceeds deployed to strengthen the balance sheet ahead of the July 2027 credit facility maturity.
Outlook remains positive for 2027 based on strengthening commercial vehicle demand in North America and Europe, offset by ongoing inflationary pressures, unfavorable currency impacts, and potential $25.5 million arbitration payment obligations.