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Stoneridge Reports Q4 Results

March 01, 2023 — 05:07 pm EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Stoneridge, Inc. (SRI) Wednesday reported results for the fourth quarter, with sales of $231.2 million and earnings per share of $0.01.

For the fourth quarter, Stoneridge reported gross profit of $45.5 million and operating income was $6.0 million.

Looking forward, the company expects 2023 adjusted sales of $960.0 million to $990.0 million and adjusted earnings per share guidance of between a loss of $0.10 to an earnings of $0.10.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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