Q2 2026 Stoneridge Inc Earnings Call Transcript

Aug 6, 2026 / 12:00 PM GMT

Release Date Price: €6.25 (-1.57%)

Transcript 10-Q8-K

Key Points

Positve

Stoneridge Inc (SRI) reported its fastest organic revenue growth in over two years, with core sales up nearly 8% year-over-year, significantly outpacing the market.
Mirror Eye technology achieved another quarterly sales record of $37 million, up 39% year-over-year, driven by strong European OEM adoption and North American program ramps.
The company secured a new $42 million bus and coach OEM award, its largest to date, with full commercialization expected in 2027.
Adjusted EBITDA more than doubled to $5.5 million, the highest in eight quarters, with margin expansion of 251 basis points year-over-year.
Working capital discipline improved cash flow, with operating cash flow up 38% year-over-year and net debt reduced by nearly $40 million over the past 12 months.
IHS forecasts for 2026 now project 5.5% growth in Stoneridge's weighted average OEM markets, up from 1.8% expected in May, signaling improving demand.

Negative

Adjusted gross profit margin declined 277 basis points year-over-year to 20.3%, impacted by higher material costs, currency translation losses, and inventory-related charges.
Lower sales of the Smart 2 tachograph product, following the completion of last year's European regulatory retrofit campaign, weighed on gross margins.
The company faces ongoing macroeconomic and geopolitical uncertainty in key regions, which could impact demand.
2027 IHS growth forecasts were revised down to 5.4% from 10% three months ago, though absolute volumes remain largely unchanged.
Significant OEM program ramps expected in early 2027 will require additional working capital investment, potentially causing near-term cash flow variability.
The refinancing process for the existing credit facility, maturing in July 2027, is still ongoing and not yet completed.

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

SRI.N - Stoneridge Inc
Q2 2026 Stoneridge Inc Earnings Call
Aug 06, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to Stone Ridge second quarter 2026 earnings conference call.

All participants will be on the tsunami mode.

Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions, to ask a question, you press star, then 1 on your touch tone phone to TRY your question, please press star then too.

Please note this event is being recorded.

Now I turn conference over to Mike Schwartz, Stone Ridge Investor Relations, please go ahead.

Good morning, everyone, and thank you for joining us to discuss our second quarter 2026 results for the period ended June 30th, 2026.

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