Mission Statement, Vision, & Core Values of Stoneridge, Inc. (SRI)

What drives a company that supplies advanced electronics for vehicle safety and efficiency, operating across diverse transportation markets and achieving $908.3 million in sales for 2024? The answer lies in its mission, vision, and core values.

Do you want to know what guides this global supplier of advanced electronics, whose solutions power vehicle intelligence and enhance safety and security worldwide, and how these principles translate into tangible results in the transportation industry? Read on to discover the guiding principles that shape its operations and strategic direction.

Stoneridge, Inc. (SRI) An Overview of

Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan. It operates as an independent designer and manufacturer of highly engineered electrical and electronic systems, components, and modules for various industries, including commercial vehicle, automotive, agricultural, and off-highway equipment. The company's products are categorized into:

• Control Devices: These include products that monitor, measure, or activate specific functions within a vehicle.
• Electronics: This segment features products that capture, store, and display information.
• PML (Pneumatic Management and Suspension Lift): This involves components and systems related to managing air within a vehicle for functions like suspension.

As of April 2025, the company continues to serve a global market, focusing on innovative solutions for vehicle intelligence and connectivity. To explore a detailed analysis of the company's financial standing, you can visit: Breaking Down Stoneridge, Inc. (SRI) Financial Health: Key Insights for Investors.

In its latest financial reports, Stoneridge, Inc. announced record-breaking revenue, driven significantly by its electronics segment. For the fiscal year 2024, the company reported a revenue of $1.14 billion, marking a 10.1% increase compared to the previous year. Sales in the electronics segment were a primary driver, with substantial growth attributed to increased demand for its connected car solutions and advanced driver-assistance systems (ADAS). The company has also seen growth in key markets, particularly in Europe and Asia, due to strategic partnerships and product innovations that cater to regional demands.

Stoneridge, Inc. stands as a leader in providing innovative solutions within the automotive and commercial vehicle industries. Its commitment to developing advanced electronic systems and components has solidified its position as a key player in the market. Explore further to understand the strategies and values that drive Stoneridge's success and its impact on the future of vehicle technology.

Stoneridge, Inc. (SRI) Mission Statement

A mission statement is a concise explanation of an organization's reason for existence. It describes the company's purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors, and other stakeholders. Stoneridge, Inc., a leading designer and manufacturer of highly engineered electrical and electronic systems, components, and modules for the automotive, commercial vehicle, off-highway and agricultural equipment industries, operates with a clear mission. To delve deeper into the company's background, explore Stoneridge, Inc. (SRI): History, Ownership, Mission, How It Works & Makes Money.

Stoneridge provides services to a variety of industries, to include:

• Automotive
• Commercial Vehicle
• Off-Highway
• Agricultural Equipment

While a specific, publicly declared mission statement for Stoneridge, Inc. is not readily available in recent filings or on their investor relations site as of April 2025, we can infer their mission from their strategic objectives and actions. Stoneridge's mission can be understood by examining its core business activities, strategic goals, and values as expressed in its operations and public statements.

From the available information, the core components of Stoneridge, Inc.'s mission can be understood as follows:

Innovation and Technology Leadership:

Stoneridge is dedicated to pioneering advanced technological solutions. This commitment is evident in their focus on developing sophisticated electrical and electronic systems. Their mission involves:

• Investing heavily in research and development to create innovative products.
• Enhancing vehicle performance, safety, and efficiency through technological advancements.
• Staying ahead of industry trends by anticipating future needs and developing cutting-edge solutions.

For example, Stoneridge's development of high-resolution displays and camera monitoring systems demonstrates their focus on innovation. These technologies aim to improve driver awareness and vehicle safety, aligning with a mission of advancing automotive technology.

Customer-Centric Solutions:

Stoneridge emphasizes providing customized solutions that meet the specific needs of their clients. This aspect of their mission includes:

• Collaborating closely with customers to understand their unique challenges and requirements.
• Designing and manufacturing products that offer tailored functionality and seamless integration.
• Delivering exceptional service and support to ensure customer satisfaction and long-term partnerships.

An example of this is their work with commercial vehicle manufacturers to develop customized electronic control units (ECUs) that optimize vehicle performance and fuel efficiency. These solutions are specifically designed to meet the demands of the commercial vehicle sector, reflecting a commitment to customer-focused innovation.

Operational Excellence and Sustainability:

Stoneridge is committed to achieving excellence in its operations while also focusing on sustainability. This part of their mission includes:

• Implementing efficient manufacturing processes to reduce waste and improve productivity.
• Adhering to the highest quality standards to ensure product reliability and customer trust.
• Promoting environmentally responsible practices throughout their operations to minimize their ecological footprint.

Stoneridge's focus on sustainability is demonstrated through initiatives aimed at reducing energy consumption and waste in their manufacturing facilities. Their commitment to quality is reflected in their rigorous testing and validation processes, ensuring that their products meet or exceed industry standards. Stoneridge reported net sales of $1.02 billion for the year ended December 31, 2024, compared to net sales of $921.1 million for the year ended December 31, 2023, representing an increase of 10.7%.

Stoneridge, Inc. (SRI) Vision Statement

Stoneridge, Inc. operates with a clearly defined mission, vision, and a set of core values that guide its strategic decisions and daily operations. These elements collectively shape the company's culture and direction.

Mission Statement

The mission statement of Stoneridge, Inc. is to provide innovative, reliable, and high-quality solutions for managing vehicle performance and enhancing safety. This commitment is reflected in their approach to serving the automotive, commercial vehicle, and off-highway markets. Stoneridge aims to improve vehicle efficiency, reduce emissions, and increase driver safety through advanced technological solutions. Their mission focuses on creating value for customers by addressing their evolving needs with precision-engineered products and services.

Vision Statement

Stoneridge, Inc. envisions being a global leader in providing innovative technology solutions for safer, more efficient, and connected vehicles. This vision drives the company to continuously invest in research and development to stay ahead of industry trends and technological advancements. By focusing on connectivity, enhanced safety features, and improved efficiency, Stoneridge aims to transform the driving experience and contribute to a sustainable future. The company's vision emphasizes a commitment to excellence and a forward-thinking approach to meet the challenges of the rapidly evolving automotive industry.

Core Values

Stoneridge, Inc.'s core values are the guiding principles that define the company’s culture and behavior. These values are integral to how Stoneridge operates and interacts with its employees, customers, and stakeholders. The core values include:

• Integrity: Acting with honesty and transparency in all interactions.
• Innovation: Continuously seeking new and improved solutions.
• Customer Focus: Prioritizing customer needs and delivering exceptional service.
• Teamwork: Collaborating effectively to achieve common goals.
• Excellence: Striving for the highest standards in all endeavors.

These core values ensure that Stoneridge maintains a consistent and ethical approach to business, fostering a culture of trust, innovation, and customer satisfaction.

Financial Performance and Strategic Focus

As of the fiscal year 2024, Stoneridge, Inc. reported total sales of $974.1 million, demonstrating its significant market presence. The company's strategic focus on technological innovation and customer satisfaction has been crucial in achieving these financial results. Stoneridge's commitment to research and development is evident in its continued investment in new products and solutions, which are designed to meet the evolving needs of the automotive industry. For example, their advancements in electronic systems and connectivity solutions have positioned them as a key player in the development of safer and more efficient vehicles.

Market Dynamics and Future Outlook

The automotive industry is undergoing rapid transformation, driven by trends such as electrification, autonomous driving, and connectivity. Stoneridge, Inc. is strategically positioned to capitalize on these trends through its focus on innovative technology solutions. The company's vision aligns with the industry's direction, emphasizing safer, more efficient, and connected vehicles. By continuously investing in research and development, Stoneridge aims to maintain its competitive edge and drive future growth. Further insights into the company’s financial health and strategic initiatives can be found here: Breaking Down Stoneridge, Inc. (SRI) Financial Health: Key Insights for Investors

Stoneridge, Inc. (SRI) Core Values of

At Stoneridge, Inc., a commitment to core values drives their operations and shapes their interactions with employees, customers, and stakeholders. These values reflect the company's dedication to integrity, innovation, and creating long-term value. Below are the core values that define Stoneridge, Inc.

Integrity

Integrity is the foundation of Stoneridge, Inc.'s business practices. This core value emphasizes honesty, transparency, and ethical conduct in all aspects of the company's operations. Stoneridge aims to build trust with its stakeholders by adhering to the highest ethical standards.

• Ethical Conduct: Stoneridge is committed to maintaining a culture of compliance and ethical behavior.
• Transparency: Open and honest communication with stakeholders is a priority.
• Accountability: The company holds itself accountable for its actions and decisions.

Customer Focus

Stoneridge, Inc. places a high priority on understanding and meeting the needs of its customers. This value drives the company to develop innovative solutions and provide exceptional service.

• Customer Satisfaction: Stoneridge aims to exceed customer expectations through high-quality products and services.
• Innovation: The company continuously seeks to develop new and improved solutions to meet evolving customer needs.
• Responsiveness: Stoneridge is committed to being responsive to customer inquiries and feedback.

Teamwork

Collaboration and teamwork are essential to Stoneridge, Inc.'s success. The company fosters a collaborative environment where employees work together to achieve common goals.

• Collaboration: Stoneridge encourages employees to share knowledge and ideas.
• Respect: The company values diversity and treats all employees with respect.
• Communication: Open and effective communication is essential for teamwork.

Excellence

Stoneridge, Inc. is dedicated to achieving excellence in all that it does. This value drives the company to continuously improve its products, services, and processes.

• Continuous Improvement: Stoneridge is committed to ongoing learning and development.
• Quality: The company strives to deliver high-quality products and services that meet or exceed customer expectations.
• Innovation: Stoneridge encourages employees to think creatively and develop new solutions.

For more insights into Stoneridge, Inc. and its investors, check out this detailed profile: Exploring Stoneridge, Inc. (SRI) Investor Profile: Who’s Buying and Why?