Stoneridge(SRI) - 2023 Q4 - Annual Results
SRIStoneridge(SRI)2024-02-29 06:13

Exhibit 99.1 FOR IMMEDIATE RELEASE Stoneridge Reports Fourth Quarter 2023 Results Achieves Q4 Sequential EPS Improvement In Line with Prior Expectations Establishes 2024 Midpoint Revenue Guidance of 1BillionAndMidpointEBITDAof1 Billion And Midpoint EBITDA of 67 Million (Midpoint EBITDA Margin Expansion Of 170 Basis Points vs. 2023) Maintains 2027 Long-Term Target and Establishes 2028 Revenue Target of 1.351.35 - 1.55 Billion and EBITDA Margin Target of 12.0% - 14.0% 2023 Fourth Quarter Results • Sales of $229.5 million • Adjusted sal ...