Key Developments: Stoneridge Inc (SRI.N)
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Latest Key Developments (Source: Significant Developments)
Stoneridge Inc Reaffirms FY 2013 EPS Guidance
Stoneridge Inc reaffirmed its fiscal 2013 guidance of $0.75-$0.95 per share (EPS). According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.79 for fiscal 2013. Full Article
Stoneridge Inc Reaffirms FY 2013 EPS Guidance
Stoneridge Inc reaffirmed its fiscal 2013 guidance and expects earnings to be in the range of $0.75-$0.95 per share (EPS). According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.76 for fiscal 2013. Full Article
Stoneridge Inc Reaffirms FY 2013 EPS Guidance
Stoneridge Inc reaffirmed fiscal 2013 guidance and expects earnings per share (EPS) to be in the range of $0.75-$0.95 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.67 for fiscal 2013. Full Article
Stoneridge Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; FY 2013 EPS Guidance Above Analysts' Estimates
Stoneridge Inc announced that for fiscal 2013, it expects sales to be in the range of $939-$974 million and earnings per share (EPS) to be in the range of $0.75-$0.95 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $958 million and EPS of $0.67 for fiscal 2013. Full Article
Stoneridge Inc Revises FY 2012 Guidance-Conference Call
Stoneridge Inc revised fiscal 2012 guidance on October 5 and expects annual sales to the range of $940 million to $962 million and earnings per share (EPS) in the $0.35 to $0.45 per share range, are a result of the reduced sales levels, foreign exchange impacts, and adjustments to cost structure. Full Article
Stoneridge Inc Lowers FY 2012 Guidance
Stoneridge Inc revised its previously announced fiscal 2012 sales and profitability guidance. The reduction in guidance is primarily due to continued weakness in the European commercial vehicle business, reductions in shipments to a large U.S. commercial vehicle account, and lower-than-expected third- and fourth-quarter revenue from the Company's Brazilian operations, PST. The Company lowered fiscal 2012 revenue outlook to a range of $940 million to $962 million, down from the previous guidance of $970 million to $1.01 billion provided in August 2012. In addition, the Company now expects fiscal 2012 earnings per share (EPS) to be in the range of $0.35 to $0.45, a decrease from its August guidance of $0.75 to $1.00. Full Article
Stoneridge, Inc. Lowers FY 2012 Guidance
Stoneridge, Inc. announced that for fiscal 2012, it lowered its revenue outlook to a range of $970 million to $1.01 billion, down from the initial guidance of $1.06 billion to $1.12 billion provided initially on February 13, 2012, and reaffirmed on May 1, 2012 and earnings per share (EPS) to be in the range of $0.75 to $1.00, a decrease from its initial guidance of $1.10 to $1.30. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.04 billion and EPS of $1.05 for fiscal 2012. Full Article
Stoneridge, Inc. Reaffirms FY 2012 Guidance
Stoneridge, Inc. announced that for fiscal 2012, it expects sales from existing business along with sales from the PST consolidation to be in the range of $1.060 billion to $1.120 billion with an earnings per share (EPS) in the range of $1.10 per diluted share to $1.30 per diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.14 for fiscal 2012. Full Article
Stoneridge, Inc. Issues FY 2012 Guidance; Revenue Guidance Above Analysts' Estimates
Stoneridge, Inc. announced that for fiscal 2012, it expects sales from existing business along with sales from the PST consolidation to be in the range of $1.060 billion to $1.120 billion with an earnings per share (EPS) in the range of $1.10 per diluted share to $1.30 per diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $963 million and EPS of $1.13 for fiscal 2012. Full Article
Stoneridge, Inc. Completes Previously Announced Transaction To Increase Its Equity Ownership Of Its Brazil-Based PST Joint Venture
Stoneridge, Inc. announced that it has completed the previously announced agreement with its joint venture partners to acquire an additional 24% ownership of PST Eletronica S.A. (PST), a Brazil-based electronic system provider focused on security, infotainment and accessories primarily for the automotive and motorcycle markets. Stoneridge's ownership interest in PST has now increased from 50% to 74%. Stoneridge paid $29.7 million in cash and issued 1.94 million shares in exchange for the additional 24% equity ownership in PST. PST's future results will be consolidated into Stoneridge's future results. Stoneridge's results for 2011 will recognize an after-tax gain on its pre-acquisition investment in the range of $35.0 million to $44.0 million based in part on the value of Stoneridge's common shares on December 29, 2011. Full Article

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