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Q4 Adj EPS 13c vs 31c EPS -58%

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ScovilleUnits   Wednesday, 02/25/09 12:27:43 PM
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Q4 Adj EPS 13c vs 31c EPS -58% Y/Y; Guidance Comments

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    SURPRISE 
---------- ------------ ------------ ---------- ------------ ----------
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
---------- ------------ ------------ ---------- ------------ ----------
YEAR-END RESULTS
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    SURPRISE 
---------- ------------ ------------ ---------- ------------ ----------
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
---------- ------------ ------------ ---------- ------------ ----------
GUIDANCE

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.



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