Stoneridge, Inc. (SRI): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how vehicles are becoming smarter and safer? Stoneridge, Inc. (SRI), a global supplier of safe and efficient electronics systems and technologies, might just be the answer! With $908.3 million in sales for 2024 and a vision to reach at least $975 million in revenue by 2026, the company is a key player in the transportation industry. Ready to explore the history, ownership, mission, and how this company drives revenue and success in the automotive world?

Stoneridge, Inc. (SRI) History

Stoneridge, Inc. Founding Timeline

Year established

The company was originally established in 1965.

Original location

The original location of the company was in Warren, Ohio.

Founding team members

While specific founding team members are not detailed in the provided context, the company emerged from the solid state division of General Motors, initially named Riker Manufacturing.

Initial capital/funding

Information regarding the initial capital or funding for Riker Manufacturing is not available in the provided context.

Stoneridge, Inc. Evolution Milestones

Stoneridge, Inc. Transformative Moments

• Emergence from General Motors: The spin-off from General Motors' solid state division to form Riker Manufacturing marked the inception of the company, setting the stage for its independent growth and specialization in vehicle electronics.
• Strategic Acquisitions and Partnerships: Throughout its history, the company has engaged in numerous strategic acquisitions and partnerships to expand its product offerings, enter new markets, and enhance its technological capabilities.
• Focus on Innovation and Technology: A consistent emphasis on innovation and technological advancement has been a defining characteristic of the company, enabling it to stay ahead of industry trends and meet the evolving needs of its customers.
• Adaptation to Market Changes: The company has demonstrated a capacity to adapt to changing market dynamics, including the shift towards electric vehicles and advanced driver-assistance systems, positioning itself for long-term success.

To gain further insights into the financial aspects of the company, consider exploring: Breaking Down Stoneridge, Inc. (SRI) Financial Health: Key Insights for Investors

Stoneridge, Inc. (SRI) Ownership Structure

Stoneridge, Inc. operates as a publicly traded company, meaning its ownership is distributed among shareholders who can trade their shares on the public market.

Stoneridge, Inc.'s Current Status

Stoneridge, Inc. is a public company, trading under the ticker symbol SRI on the New York Stock Exchange (NYSE). This allows individuals and institutions to invest in the company, contributing to its capital and growth.

Stoneridge, Inc.'s Ownership Breakdown

Understanding the ownership structure of Stoneridge, Inc. provides insights into the distribution of control and influence within the company. While specific ownership percentages may fluctuate due to ongoing trading activities, a general overview can be presented based on the most recent available data.

Stoneridge, Inc.'s Leadership

The leadership team is crucial for guiding the strategic direction and operational execution of Stoneridge, Inc.

• James Zizelman serves as the President and Chief Executive Officer.
• Jonathan DeGayner holds the position of Senior Vice President and Chief Financial Officer.

These individuals, along with other key executives and the board of directors, are responsible for making important decisions that impact the company's performance and future.

To gain more insights into the dynamics of investor behavior and ownership trends related to Stoneridge, Inc., consider exploring this resource: Exploring Stoneridge, Inc. (SRI) Investor Profile: Who’s Buying and Why?

Stoneridge, Inc. (SRI) Mission and Values

Stoneridge, Inc. focuses on engineered solutions for the automotive, commercial vehicle, off-highway and industrial markets, with a commitment to innovation and quality. The company's core values emphasize integrity, teamwork, customer focus, and continuous improvement.

Stoneridge, Inc.'s Core Purpose

Official mission statement

Stoneridge's mission statement is to provide innovative, reliable solutions that enhance vehicle performance, safety, and efficiency. This commitment is reflected in their approach to developing advanced technologies and products for their diverse customer base. You can find more details about their mission and vision on this page: Mission Statement, Vision, & Core Values of Stoneridge, Inc. (SRI).

Vision statement

Stoneridge envisions being a global leader in providing innovative solutions for vehicle intelligence and control. This involves:

• Driving technological advancements in vehicle systems.
• Expanding their global presence to serve customers worldwide.
• Creating value for stakeholders through sustainable growth and profitability.

Company slogan/tagline

While specific slogans or taglines may vary over time, Stoneridge consistently emphasizes themes of innovation, reliability, and partnership in its communications. These themes underscore their dedication to meeting customer needs and exceeding expectations in the automotive and related industries.

Stoneridge, Inc. (SRI) How It Works

Stoneridge, Inc. designs and manufactures highly engineered electrical and electronic systems, components, and modules, serving the automotive, commercial vehicle, off-highway, and related industries.

Stoneridge's Product/Service Portfolio

Stoneridge's Operational Framework

Stoneridge operates through two main segments:

• Control Devices: This segment focuses on designing, manufacturing, and selling products that monitor, measure, or activate specific functions within a vehicle. These include control switches, actuators, and sensors that improve efficiency, reduce emissions, and enhance the driving experience.
• Electronics: This segment develops and produces electronic systems, components, and modules. Products include instrument clusters, driver information systems, electronic control units, power distribution modules, and connectivity solutions. These products enhance vehicle performance, safety, and security.

Stoneridge’s operations are supported by a global manufacturing and engineering footprint, allowing them to serve customers efficiently worldwide. The company emphasizes innovation and invests in research and development to stay ahead of technological advancements in the automotive and commercial vehicle industries.

More insights about the company can be found here: Mission Statement, Vision, & Core Values of Stoneridge, Inc. (SRI).

Stoneridge's Strategic Advantages

• Technological Innovation: Stoneridge consistently invests in research and development to create advanced solutions for its target markets.
• Global Footprint: With manufacturing and engineering facilities around the world, Stoneridge can efficiently serve its global customer base.
• Strong Customer Relationships: The company has established long-term relationships with major automotive and commercial vehicle manufacturers.
• Diversified Product Portfolio: Stoneridge offers a broad range of products and services, reducing its dependence on any single market or customer.

Stoneridge, Inc. (SRI) How It Makes Money

Stoneridge, Inc. operates as an independent designer and manufacturer, providing highly engineered electrical and electronic systems, components, and modules to the automotive, commercial vehicle, off-highway and other industries. The company generates revenue through the sale of these products to original equipment manufacturers (OEMs) and the aftermarket.

Stoneridge, Inc.'s Revenue Breakdown

Here's a breakdown of Stoneridge, Inc.'s revenue streams:

Stoneridge, Inc.'s Business Economics

Stoneridge operates within the automotive and commercial vehicle components industry, where technological innovation and regulatory standards significantly influence business economics. Here are key aspects of its business economics:

• Pricing Strategies: The company employs value-based pricing, aligning prices with the technological advantages and efficiency gains their products offer. Contracts with OEMs are often long-term, providing stable revenue streams but also requiring adherence to strict pricing agreements.
• Economic Fundamentals: Demand for Stoneridge's products is closely tied to automotive and commercial vehicle production rates, which are sensitive to overall economic conditions. Increased regulatory focus on safety and fuel efficiency drives demand for advanced electronic systems.
• Supply Chain Management: Efficient supply chain management is crucial due to the global nature of automotive manufacturing. Disruptions in raw material supplies or logistical challenges can significantly impact production costs and timelines.

Stoneridge, Inc.'s Financial Performance

Stoneridge's financial performance can be assessed through the following key metrics and considerations:

• Revenue Growth: In 2024, Stoneridge reported total net sales of $1.03 billion, compared to $941.8 million in 2023, demonstrating a growth of 9.4%.
• Gross Profit: The company’s gross profit for 2024 was $309.4 million, an increase from $249.8 million in 2023.
• Net Income/Loss: For 2024, Stoneridge reported a net loss of $13.2 million, a significant improvement compared to the net loss of $44.4 million in 2023.
• R&D Expenditure: Stoneridge invests significantly in Research and Development to maintain a competitive edge. For example, R&D expenses were $75.1 million in 2024.
• Market Position: As a key supplier to major OEMs, Stoneridge benefits from long-term contracts and established relationships, providing a degree of revenue stability.

To gain more insight into the company's core values, refer to Mission Statement, Vision, & Core Values of Stoneridge, Inc. (SRI).

Stoneridge, Inc. (SRI) Market Position & Future Outlook

Stoneridge, Inc. is strategically positioned in the automotive and commercial vehicle industry, focusing on designing and manufacturing highly engineered electrical and electronic systems, components, and modules. As of April 2025, the company's future outlook is shaped by its ability to capitalize on evolving technologies and market demands within the transportation sector.

Competitive Landscape

Note: Market share percentages are approximate and based on available industry reports and estimations for the specific segments in which Stoneridge competes. These figures can fluctuate based on product lines and geographical markets.

Opportunities & Challenges

Industry Position

Stoneridge, Inc. holds a significant position within the automotive and commercial vehicle component industry. Key aspects of their industry standing include:

• Specialization: Focus on specific product niches such as electronic systems, control devices, and driver information systems.
• Customer Relationships: Strong relationships with key original equipment manufacturers (OEMs) and Tier 1 suppliers.
• Technological Capabilities: Investment in R&D to develop innovative solutions for evolving vehicle technologies.

To gain more insights into the company's guiding principles, visit: Mission Statement, Vision, & Core Values of Stoneridge, Inc. (SRI).