Stoneridge Reports Second Quarter 2024 Results
SRIStoneridge(SRI) Prnewswire·2024-08-01 05:00

Q2 Operating Performance Significantly Outperforms Previously Provided Expectations Driven by Strong Margin Expansion2024 Second Quarter ResultsSales of 237.1millionGrossprofitof237.1 millionGross profit of 53.7 million (22.7% of sales)Operating income of 3.4millionAdjustedoperatingincomeof3.4 million Adjusted operating income of 5.4 million (2.3% of sales)Adjusted EBITDA of 16.1million(6.816.1 million (6.8% of sales)Earnings per share ("EPS") of 0.10Adjusted EPS of 0.17 2024FullYearGuidanceUpdateReducingfullyear2024revenuemidpointguidanceby0.17 2024 Full-Year Guidance UpdateReducing full-year 2024 revenue midpoint guidance by 45 million to reflec ...