Stoneridge Inc. (SRI) reported that its net loss for fiscal year 2023 narrowed to $5.18 million or $0.19 per share from $14.06 million or $0.52 per share in the prior year.
Net sales for the year grew to $975.82 million from $899.92 million in the prior year.
Looking ahead for its full-year 2024, the company projects earnings per share to be in the range of $0.30 to $0.40 and sales of $990 million to $1.01 billion.
The company maintained 2027 long-term target and establishes 2028 revenue target of $1.35 billion - $1.55 billion and EBITDA margin target of 12.0% - 14.0%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.