Stoneridge, Inc (SRI)

Stoneridge reported second-quarter 2026 sales of $181.4 million, up 15.1% from a year earlier 2.

The company still lost money: net loss from continuing operations was $5.3 million, against $11.1 million a year earlier 2.

The company is smaller than a year ago: it sold its Control Devices business (actuators, sensors, switches and connectors) on 30 January 2026 and now reports two segments, Electronics and Stoneridge Brazil 1.

The open question is money for the long run: the company's credit facility is due on 1 July 2027, and it says it is in a global refinancing process 2.

Stoneridge was founded in 1965 and makes electronic systems for trucks, cars and off-highway machines 1.

From 2014 it sold its wiring business and moved toward smart products, those with embedded electronics or logic 1. Smart products grew from just over 50% of sales in 2014 to almost 82% in 2025 1.

In 2017 it bought Orlaco, its partner on the MirrorEye camera monitor system, and bought another 26 percent of Stoneridge Brazil to own all of it 1. MirrorEye gives drivers a wider view and removes blind spots 1.

In 2019 the Control Devices segment sold its non-core switches and connectors business, and in 2020 the company announced its exit from the PM sensor business 1.

In 2025 customers built fewer vehicles in most of its markets, which cut sales, while MirrorEye sales partly offset the drop 1. Net sales fell $47.0 million, or 5.2%, and the operating loss grew to $38.6 million 1.

The net loss was $102.8 million in 2025, up from $16.5 million in 2024 1. The company also recorded an impairment of fixed assets in Control Devices and a valuation allowance against U.S. federal deferred tax assets, a tax accounting entry 1.

On 30 January 2026 it sold Control Devices to an affiliate of Center Rock Capital Partners for $59 million, subject to customary closing adjustments 1.

Electronics

Electronics makes driver information displays, vision systems such as MirrorEye, connectivity and compliance products, and control modules, sold mostly to commercial vehicle and off-highway makers 1.

Commercial vehicles made up 51% of 2025 net sales and automotive 29% 1. In the quarter ended 30 June 2026, Electronics sales were $160.9 million, up 12.8%, driven mainly by the North American commercial vehicle market 2.

MirrorEye revenue reached a record of about $37 million in that quarter, up 39% 2.

Stoneridge Brazil

Stoneridge Brazil makes vehicle tracking devices and monitoring services, driver information systems, security alarms and telematics for cars and commercial vehicles, mainly for South America 1.

Its sales rose 37.6% to $20.5 million in the quarter ended 30 June 2026, led by higher sales to vehicle makers 2.

Plants, people and problems

At 31 December 2025 the company owned or leased seven manufacturing facilities with about 0.9 million square feet of manufacturing space 1. It owns plants in Juarez, Mexico, Barneveld, Netherlands and Manaus, Brazil 1.

It employed about 4,200 full time and temporary employees in 14 countries at the end of 2025, about 86% outside the United States 1.

Natalia Noblet is president and chief executive 2. Vivek Anand joins on 2 November 2026 as vice president of commercial strategy and global sales, reporting to her 3.

Gross margin, revenue minus production costs as a share of sales, fell to 20.3% from 23.1% in the quarter 2. The company pointed to higher material costs, currency, inventory actions and a worse product mix 2.

The company says new U.S. tariffs on imports from countries including China and Mexico could have a significant adverse effect if they last, and it plans to pass costs to customers 1.

The umbrella, in words

Its subsidiaries list includes Orlaco Products in the Netherlands and PST Eletronica in Brazil, and leaves out subsidiaries sold with Control Devices on 30 January 2026 4.

The company owns Orlaco through a wholly owned subsidiary chain 3. It also invested in a venture fund: in 2018 it agreed to put $10.0 million into Autotech Fund II, run by Autotech Ventures, and has paid in $9.3 million 1.

The cover of its October 2026 current report lists one class of securities, common shares without par value, on the New York Stock Exchange under SRI 3.

On 5 August 2026 the company reaffirmed its 2026 guidance: revenue of $645 million to $670 million and adjusted EBITDA, a profit measure before interest, taxes and depreciation, of $20 million to $25 million 2.

The company expects to refinance its credit facility, which is due on 1 July 2027 2.

Management said it sees promising signs in European and North American commercial vehicle markets but balances them against economic and geopolitical uncertainty 2.

The annual report cites IHS Market forecasts of 6.0% growth in European and 9.8% in North American commercial vehicle volumes in 2026 1. It expects in-region Brazil sales to vehicle makers to rise in the second half of 2026 on a new infotainment launch 1.

It also expects to expand MirrorEye and adjacent products, including a connected trailer system and surround-view capabilities 1.

No clue on file points to a new direction yet.