Stoneridge | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 210.27 M

Revenue: As of FY2025 Q3, the actual value is USD 210.27 M, beating the estimate of USD 203.14 M.

EPS: As of FY2025 Q3, the actual value is USD -0.34, missing the estimate of USD 0.

EBIT: As of FY2025 Q3, the actual value is USD 522 K.

Net Sales: $71.6 million for Q3 2025, a decrease of 2.1% from $73.1 million in Q3 2024.
Operating Income: $1.2 million for Q3 2025, a decrease of 43.8% from $2.1 million in Q3 2024.
Net Sales for Nine Months: $210.9 million for 2025, a decrease of 8.4% from $230.2 million in 2024.
Operating Income for Nine Months: $4.9 million for 2025, a decrease of 38.5% from $8.0 million in 2024.

Net Sales: $121.5 million for Q3 2025, a decrease of 4.7% from $127.5 million in Q3 2024.
Operating Income: $5.9 million for Q3 2025, an increase of 67.1% from $3.5 million in Q3 2024.
Net Sales for Nine Months: $399.0 million for 2025, a decrease of 5.6% from $422.8 million in 2024.
Operating Income for Nine Months: $14.1 million for 2025, a decrease of 30.9% from $20.4 million in 2024.

Net Sales: $17.1 million for Q3 2025, an increase of 29.7% from $13.2 million in Q3 2024.
Operating Income: $2.7 million for Q3 2025, an increase of 274.3% from $0.7 million in Q3 2024.
Net Sales for Nine Months: $46.3 million for 2025, an increase of 24.8% from $37.1 million in 2024.
Operating Income for Nine Months: $4.2 million for 2025, an increase of 381.6% from $0.9 million in 2024.

Net Sales: $210.3 million for Q3 2025, a decrease of 1.7% from $213.8 million in Q3 2024.
Operating Loss: - $3.3 million for Q3 2025, compared to an operating income of $0.3 million in Q3 2024.
Net Loss: - $9.4 million for Q3 2025, compared to - $7.1 million in Q3 2024.
Net Sales for Nine Months: $656.1 million for 2025, a decrease of 4.9% from $690.0 million in 2024.
Operating Loss for Nine Months: - $9.1 million for 2025, compared to an operating income of $4.1 million in 2024.
Net Loss for Nine Months: - $25.9 million for 2025, compared to - $10.4 million in 2024.

Core Business Focus: The company is focusing on products that address industry megatrends, such as safety, vehicle intelligence, and connectivity. They are continuing to develop products like OEM MirrorEye® programs in North America and Europe.
Non-Core Business: The company announced a strategic review of the Control Devices segment with the intent to sell the segment. Incremental costs with third-party advisors were $3.7 million and $4.7 million in the three and nine months ended September 30, 2025, respectively.
Priority: The company expects to refinance its Credit Facility, which matures on November 2, 2026. They anticipate that the refinancing will occur prior to the issuance of the financial statements for the year ending December 31, 2025.