Stoneridge Records 69% MirrorEye Growth, Posts $205.2M Q4 Sales and $22.5M EBITDA Guide
Stoneridge reported Q4 sales of $205.2 million and a $76.9 million net loss after a $16.7 million impairment and $44.5 million tax valuation allowance, with adjusted EBITDA of $3.4 million. 2026 guidance: $625–$650 million revenue with $22.5 million EBITDA midpoint; 2027 targets $715 million revenue and $44 million EBITDA.
1. Q4 2025 Financial Results
Stoneridge delivered fourth-quarter sales of $205.2 million and gross profit of $33.2 million (16.2% margin). Operating loss totaled $29.5 million, including a $21.6 million pre-tax impairment of Control Devices assets, leading to a net loss of $76.9 million and adjusted EBITDA of $3.4 million (1.7% margin).
2. 2026 Guidance
For full-year 2026, Stoneridge projects revenue of $625 million to $650 million, assuming flat end-market growth, and adjusted EBITDA of $20 million to $25 million (3.2%–3.8% margin) with a $22.5 million midpoint. Management expects MirrorEye sales to grow at least 45%, and contribution from incremental sales and cost improvements to drive margin expansion.
3. 2027 Targets and Growth Drivers
The company aims for at least $715 million in revenue and $44 million EBITDA in 2027, supported by improved vehicle production, aftermarket and off-highway expansion, and Brazilian OEM opportunities. Ongoing material cost and quality-cost reductions are expected to further enhance margins above the contribution-based target.
4. Operational Highlights and Leadership Transition
MirrorEye sales climbed 69% to $111 million, outperforming end markets by 150 basis points, while material costs improved by 80 basis points and quality costs fell by $6.6 million. Inventory reduction of $18.7 million drove $19 million adjusted free cash flow. Following the Control Devices segment sale, Natalia Noblet will assume CEO duties on April 1 to focus on high-growth, high-return businesses and operational efficiency.