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Stoneridge Reschedules Fourth-Quarter 2008 Earnings Announcement and Conference Call to February 25
Posted by: gurufocus (IP Logged)
Date: February 11, 2009 10:01AM

Press Release: Stoneridge Reschedules Fourth-Quarter 2008 Earnings Announcement and Conference Call to February 25

WARREN, Ohio, Feb. 11 /PRNewswire-FirstCall/ -- Stoneridge, Inc.(NYSE: SRI) today announced that it is rescheduling its fourth-quarter 2008earnings release and conference call from February 12, 2009 to February 25,2009, to allow time to complete an analysis of asset impairment includinggoodwill. The Company is also reaffirming its full-year earnings outlook for2008 of $0.40 to $0.46 per diluted share excluding any goodwill-relatedimpairment charges. Fourth-quarter and full-year 2008 results will now bereleased before the market opens on Wednesday, February 25, 2009. The Companywill also broadcast its fourth-quarter 2008 earnings conference call live onthe Internet that morning at 11 a.m. Eastern Time with President and ChiefExecutive Officer, John Corey; and Executive Vice President and ChiefFinancial Officer, George Strickler.

This webcast can be accessed through the Company's Web site, The webcast is also being distributed over CCBN'sInvestor Distribution Network. Individual investors can listen to the webcastat Institutional investors can access the webcast viaCCBN's password-protected event management site, StreetEvents(

About Stoneridge, Inc.

Stoneridge, Inc., headquartered in Warren, Ohio, is an independentdesigner and manufacturer of highly engineered electrical and electroniccomponents, modules and systems principally for the automotive, medium- andheavy-duty truck, agricultural and off-highway vehicle markets. Additionalinformation about Stoneridge can be found at

Forward-Looking Statements

Statements in this release that are not historical fact areforward-looking statements, which involve risks and uncertainties that couldcause actual events or results to differ materially from those expressed orimplied in this release. Things that may cause actual results to differmaterially from those in the forward-looking statements include, among otherfactors, the loss of a major customer; a significant change in automotive,medium- and heavy-duty truck or agricultural and off-highway vehicleproduction; a significant change in general economic conditions in any of thevarious countries in which the Company operates; labor disruptions at theCompany's facilities or at any of the Company's significant customers orsuppliers; the ability of the Company's suppliers to supply the Company withparts and components at competitive prices on a timely basis; customeracceptance of new products; and the failure to achieve successful integrationof any acquired company or business. In addition, this release containstime-sensitive information that reflects management's best analysis only as ofthe date of this release. The Company does not undertake any obligation topublicly update or revise any forward-looking statements to reflect futureevents, information or circumstances that arise after the date of thisrelease. Further information concerning issues that could materially affectfinancial performance related to forward-looking statements contained in thisrelease can be found in the Company's periodic filings with the Securities andExchange Commission.

Source: PRNewsWire

Stocks Discussed: SRI,
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