Followers | 32 |
Posts | 6654 |
Boards Moderated | 0 |
Alias Born | 01/21/2005 |
Wednesday, February 25, 2009 12:27:43 PM
Wednesday, February 25, 2009 08:52ET
QUARTER RESULTS
Stoneridge, Inc. (SRI) reported Q4 results ended December 2008. Q4 Revenues were $157.97M; -14.83% vs yr-ago. Q4 EPS was ($4.63). Adjusted Q4 EPS was 13c; -58.06% vs yr-ago.
Q4 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISEYEAR-END RESULTS
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $157.97M $185.48M -14.83% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: ($4.63) N/A N/A N/A N/A
Adj EPS: 13c 31c -58.06% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
Co. also reported Year-End results ended December 2008. FY Revenues were $752.70M; +3.52% vs yr-ago. FY EPS was ($4.17). Adjusted FY EPS was 98c; +30.67% vs yr-ago.
FY RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISEGUIDANCE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $752.70M $727.12M +3.52% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: ($4.17) N/A N/A N/A N/A
Adj EPS: 98c 75c +30.67% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
FY-09 Earnings Outlook : The Company expects earnings in 2009 to be positive.
ADDITIONAL COMMENTARY:
"The environment for 2009 will most likely be the most challenging the Company has ever experienced," Corey said. "The same is true for the entire industry given the interdependence of the supply chain to the OEMs. Although we have positioned Stoneridge to weather the storm as we see it now, we have decided not to provide specific earnings guidance at this time, due to the uncertainty of market conditions. However, we expect that Stoneridge should be both earnings and cash flow positive in 2009 based on our expected sales in 2009."
ORIGINAL EARNINGS RELEASE ( http://www.knobias.com/story.htm?eid=3.1.8ebc7bd9381f363a5c7e681cacf528e5cc414f9b1b4c42a475857a109bbcffd2 )
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.
Recent SRI News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 01:15:43 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 02:21:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 12:42:49 AM
- Stoneridge to Present at CL King's 22nd Annual Best Ideas Conference • PR Newswire (US) • 09/04/2024 09:00:00 PM
- Form 3/A - Initial statement of beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 09/04/2024 08:20:32 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/01/2024 08:21:40 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 09:05:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 09:03:28 PM
- Stoneridge Reports Second Quarter 2024 Results • PR Newswire (US) • 07/31/2024 09:00:00 PM
- Stoneridge to Present at 2024 J.P. Morgan Auto Conference • PR Newswire (US) • 07/30/2024 09:00:00 PM
- Stoneridge, Inc. To Broadcast Its Second Quarter 2024 Conference Call On The Web • PR Newswire (US) • 07/18/2024 09:00:00 PM
- Stoneridge to Present at the Deutsche Bank Global Auto Industry Conference • PR Newswire (US) • 06/05/2024 09:00:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:31:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 09:11:23 PM
- Stoneridge Appoints Natalia Noblet as President of Electronics Division • PR Newswire (US) • 05/22/2024 09:10:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:33:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 03:05:13 PM
- Stoneridge Reports First Quarter 2024 Results • PR Newswire (US) • 05/01/2024 08:50:00 PM
- Stoneridge, Inc. To Broadcast Its First-Quarter 2024 Conference Call On The Web • PR Newswire (US) • 04/18/2024 09:00:00 PM
- Stoneridge Releases Inaugural Sustainability Report • PR Newswire (US) • 04/10/2024 02:00:00 PM
- Cargo Transporters, Inc. Adopts Stoneridge's MirrorEye® Camera Monitor System • PR Newswire (US) • 03/22/2024 03:00:00 PM
- Stoneridge Appoints Troy Cooprider as Chief Technology Officer • PR Newswire (US) • 03/14/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 10:59:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:01:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:42:16 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM