Business Context and Reporting Period
Company: Stoneridge, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 6, 2025
Reporting Period: First Quarter ended June 30, 2025 (Note: The filing text contains a discrepancy, stating the press release announces results for the "first quarter" in Item 2.02, while Exhibit 99.1 is described as announcing results for the "second quarter" ended June 30, 2025. Standard fiscal calendars suggest June 30 marks the end of the second quarter).
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It serves as a notification that these results have been released via a press release (Exhibit 99.1) and a presentation (Exhibit 99.2).
The Company utilizes the following Non-GAAP financial measures in its reporting:
- Adjusted Gross Profit and Margin
- Adjusted Operating Income (Loss) and Margin
- Adjusted Income (Loss) Before Tax and Adjusted Tax Expense
- Adjusted Net Loss and Adjusted Loss per Share (Adjusted EPS)
- EBITDA, EBITDA Margin, Adjusted EBITDA, and Adjusted EBITDA Margin
- Free Cash Flow
- Adjusted Net Debt, Adjusted Debt, and Adjusted Cash
Material Changes and Adjustments
The filing details specific items excluded from Non-GAAP measures to facilitate period-to-period comparisons:
- 2025 Adjustments: Business realignment costs (pre-tax and after-tax), strategic review costs (pre-tax and after-tax), share-based compensation accelerated vesting (pre-tax and after-tax), and adjustments for debt compliance calculations.
- 2024 Adjustments: Business realignment costs (pre-tax and after-tax), environmental remediation costs (pre-tax and after-tax), and adjustments for debt compliance calculations.
Guidance, Outlook, and Risks
Management Commentary: Senior management is scheduled to hold an earnings conference call via webcast on August 7, 2025, to discuss financial results. The presentation materials accompanying the call are included as Exhibit 99.2.
Forward-Looking Statements: The exhibits contain forward-looking statements subject to risks and uncertainties. The filing explicitly states that the information in the press release and presentation is not "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section.
Risks and Contingencies: The filing cautions that Non-GAAP measures should not be considered in isolation or as a substitute for GAAP measures and may not be comparable to measures used by other companies.
Investor Verification Checklist
- Verify the specific quarter (Q1 vs. Q2) reported in the attached press release (Exhibit 99.1) to resolve the textual discrepancy in Item 2.02.
- Review the reconciliation tables in the press release to understand the magnitude of the "business realignment" and "strategic review" costs excluded from Non-GAAP figures.
- Confirm the exact values for Adjusted Net Debt and Free Cash Flow in the attached exhibits, as these are not listed in the 8-K text.
- Check the earnings presentation (Exhibit 99.2) for updated guidance or outlook statements not included in this summary.