Q4 2024 Stoneridge Inc Earnings Call Transcript

Feb 27, 2025 / 02:00 PM GMT

Release Date Price: €4.2 (+10.53%)

Transcript 10-K8-K

Key Points

Positve

Stoneridge Inc (SRI) outperformed its weighted average end markets by 490 basis points in 2024.
The company achieved a 7% improvement in direct labor costs year over year.
Positive free cash flow of approximately $24 million was generated, marking an increase of $56 million compared to the previous year.
Mirra revenue increased by 22% year over year, driven by successful program launches with Volvo and Daimler Truck.
Stoneridge Inc (SRI) reduced overall material costs by 120 basis points, contributing to improved operational performance.

Negative

Full year adjusted EBITDA margin declined by approximately 80 basis points compared to the prior year.
Elevated warranty and quality-related costs significantly impacted the fourth quarter results.
Control devices sales declined by approximately 14% due to lower production volumes for major North American customers.
Full year adjusted operating income for control devices declined by 170 basis points.
Stoneridge Inc (SRI) faced significant challenges in its end markets, including a 24% decline in European commercial vehicle production.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SRI.N - Stoneridge Inc
Q4 2024 Stoneridge Inc Earnings Call
Feb 27, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Stone Ridge Inc. 4th quarter 2024 results conference call. All participants will be in listen-only mode. Should you need assistance, please say to arid specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. You ask a question, you may press then 1 on your telephone keypad. To withdraw your question, please press 2. Please note this event is being recorded. I would now like to turn the conference over to Kelly Harvey, director of investor relations. Please go ahead.

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Unidentified_2 [2]
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