Stoneridge Reports First-Quarter 2021 Results
Adjusted gross profit of $46.7 million (24.2% of sales) Operating income of $2.1 million Adjusted operating income of $3.6 million (1.8% of sales) Adjusted EBITDA of $12.2 million (6.3% of sales) 2021 Full-year Guidance Update Maintaining full-year revenue guidance due to Q1 outperformance offset by incremental forecasted production headwinds Primarily as a result of external headwinds, reducing full-year adjusted EPS guidance by ($0.13) to a midpoint of $0.55 for; Expected incremental supply chain related costs of $2.5 million to $3.0 million or adjusted EPS of approximately ($0.07 to $...
Source: prnewswire.com