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Stoneridge Inc
Stoneridge, Inc. (NYSE: SRI) is a publicly-traded company that provides highly engineered and customized systems and components to the automotive and industrial markets. They specialize in home appliances, agricultural equipment, construction and mining machinery, and automotive parts. The company was founded in 1965 and is headquartered in Warren, Ohio, USA.
Current Information:
* Stock Symbol: SRI
* Current Stock Price: $ 39.19
* Market Capitalization: $ 2.68 billion
Financial Highlights:
* Revenue (2022): $ 1.03 billion
* Net Income (2022): $ 62.7 million
* Gross Margin (2022): 24.1%
* Operating Margin (2022): 8.8%
* Net Margin (2022): 6.1%
* Earnings Per Share (2022): $ 1.63
Growth and Earnings:
* Stoneridge has consistently grown its revenue and earnings over the past few years, driven by increasing demand for its products in the automotive and industrial markets.
* In 2022, the company reported net sales of $ 1.03 billion, a 15.3% increase year over year.
* Net income for 2022 was $ 62.7 million, a 32.4% increase year over year.
* The company has a strong track record of returning capital to shareholders through dividends and share repurchases.
Management:
* President and CEO: Jonathan B. Deitsch
* CFO: Robert R. L. Lane
* COO: Thomas A. Reed
Industry Overview:
* The global automotive market is expected to continue growing, driven by increasing demand for electric and autonomous vehicles.
* The industrial equipment market is also expected to grow as the global economy recovers from the pandemic.
Tr divis id Stoneridge, Inc. (SRI) operates in two business segments - Automotive and Commercial Vehicle Controls and Industrial, Aerospace, and Defense. The Automotive segment supplies steering columns, shifters, and tilt and slide sunroofs to major automotive OEMs worldwide. The Commercial Vehicle Controls business manufactures and distributes commercial vehicle components, including brake and transmission components, for the North American market. The Industrial, Aerospace, and Defense segment provides highly engineered electrical and mechanical systems, and subsystems for a range of end markets, including aerospace, defense, medical equipment, and industrial machinery.
Strengths:
* Diversified product offerings and strong customer relationships within the automotive and industrial markets.
* Strong track record of generating cash from operations and returning capital to shareholders.
* Highly engineered and customized products that are critical to customers' operations.
Weaknesses:
* Exposure to cyclical industries such as automotive and industrial equipment.
* High exposure to a limited number of large customers.
* Potential disruption in supply chains due to COVID-19 or other external factors
Overall, Stoneridge, Inc. (SRI) appears to be a solid company with a history of generating consistent revenue and earnings growth. The company's diversified product offerings and strong customer relationships within the automotive and industrial markets have helped it navigate cyclical downturns, such as the COVID-19 pandemic. It has demonstrated a commitment to returning capital to shareholders through dividends and share repurchases, which can be attractive to long-term investors. However, like any industrial company, Stoneridge is not immune to cyclical downturns and potential supply chain disruptions.