Stoneridge: Fourth Quarter Earnings Overview

Stoneridge Inc. Reports Fourth Quarter Financial Results

Stoneridge Inc., headquartered in Novi, Michigan, announced on Wednesday that it experienced a net loss of $76.9 million during the fourth quarter.

According to the company, this equates to a loss of $2.76 per share. When excluding one-time expenses, the adjusted loss stands at 53 cents per share.

The manufacturer, which supplies electronic components to the automotive industry and other sectors, generated $205.2 million in revenue for the quarter.

Looking at the full year, Stoneridge reported a total loss of $102.8 million, or $3.70 per share, with annual revenue reaching $861.3 million.