Stoneridge Reports Narrowed Losses Amid Rising Demand
Stoneridge, Inc. posted a second-quarter net loss of $5.3 million for 2026, a significant improvement from the $11.1 million loss recorded during the same period last year. Driven by a 15.1% increase in sales to $181.4 million, the Novi-based company is banking on strategic cost controls to sustain its momentum.
The company’s quarterly performance was bolstered by record revenue from its MirrorEye technology, which reached approximately $37 million, and strong results from its Brazilian operations, which hit $20.5 million. While consolidated net sales climbed, gross margin tightened to 20.3% from 23.1% a year ago. Management attributed the dip to higher material costs, unfavorable currency fluctuations, and the conclusion of a European regulatory retrofit campaign that skewed product mix.
Despite the ongoing net loss, adjusted EBITDA reached $5.5 million—the firm's strongest performance in two years. CEO Natalia Noblet pointed to disciplined execution in the Brazilian market and North American commercial vehicle sectors as core pillars for the results. The company has reaffirmed its full-year 2026 guidance, aiming for revenue between $645 million and $670 million. With net debt reduced to $79.6 million, Stoneridge is currently navigating a global refinancing process for its credit facility, which matures in July 2027.
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