FILING ANALYSIS · WEDNESDAY, NOVEMBER 4
STONERIDGE INC SRI — 8-K: Results of Operations and Financial Condition
neutral
Stoneridge reported a 12.4% YoY sales growth and a 41.7% growth in adjusted EBITDA, but also incurred a $24.2 million charge due to an adverse ruling in an arbitration proceeding, which negatively impacted their net income. The company revised its full-year guidance, increasing the adjusted sales range but decreasing the adjusted EBITDA range due to higher costs and inflationary pressures.
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