Stoneridge Inc (SRI) · Nov 4, 2026 · Earnings

Stoneridge earnings beat revenue expectations but margins slide

In line — Adjusted EPS $0.06 vs ~$0.07 consensus; adjusted revenue $180.0M vs ~$178.7M

Stoneridge earnings show strong revenue growth and new vision-system orders, but weaker margins, legacy costs and arbitration pressure cloud the quarter.

Stoneridge is now a smaller, focused commercial-vehicle electronics company after selling Control Devices, with its growth case centered on Electronics, MirrorEye, vision systems and Brazil. The strategic reset is producing demand, but the business is still trying to convert that growth into durable margins. The sale positioned the remaining portfolio around high-technology electronic solutions for commercial vehicle and off-highway markets.

The topline was slightly ahead, but not the whole quarter. Adjusted revenue reached $180.0 million, modestly above the published consensus of roughly $178.7 million, while adjusted EPS of $0.06 was just below the roughly $0.07 expectation. That makes the earnings outcome effectively in line rather than a clean beat. The reported $155.8 million of sales is less representative because it includes the arbitration-related reduction.

Figure	Q3 2026	Q3 2025	Consensus / Prior guidance
Adjusted revenue (Financial Highlights)	$180.0M (+29.9%)	$138.6M	~$178.7M consensus
Adjusted EPS (Financial Highlights)	$0.06	$(0.27)	~$0.07 consensus
Adjusted gross margin (Financial Highlights)	19.9%	23.7%	21.5%-22.0% FY prior guidance
Adjusted EBITDA (Financial Highlights)	$7.3M (+41.7%)	$5.2M	$20M-$25M FY guidance
Adjusted revenue guidance (Full-Year Guidance)	$690M-$700M	—	$645M-$670M prior
Adjusted operating margin guidance (Full-Year Guidance)	(0.5)% to 0.0%	—	0.0%-0.5% prior

Demand is the strongest part of the story. Electronics sales rose 30.5%, Brazil sales rose 25.3%, MirrorEye revenue exceeded $37 million, and new vision-system orders are expected to add approximately $180 million of cumulative sales through 2028. This supports the post-sale strategy and explains why management could raise full-year revenue guidance despite a weaker industry backdrop.

The problem is that growth is not yet translating cleanly into profitability. Adjusted gross margin fell 382 basis points to 19.9%, Electronics adjusted operating margin fell to 3.4%, and Brazil’s adjusted operating margin fell to 11.5%. Higher materials costs, warranty obligations, inventory actions, unfavorable mix and inflation absorbed much of the benefit from volume growth and overhead savings. The full-year EBITDA dollar range stayed at $20 million-$25 million, but management now expects the bottom end, while operating-margin guidance moved below zero at the midpoint.

The arbitration award adds a real cash and credibility burden, even if management excludes it from adjusted results. A $24.2 million charge reduced reported sales, and the company says it may ultimately have to pay the approximately $25.5 million award from cash if an appeal fails. This is tied to a divested product line, so it does not directly undermine current demand, but it consumes liquidity and reinforces that legacy issues are still affecting the transition.

Balance-sheet progress helps, but refinancing remains part of the story. Net debt fell to $80.2 million from $121.8 million a year earlier, and the company generated $4 million of operating cash flow. However, the revolving facility matures on July 1, 2027 and the company is still pursuing a refinancing, while working-capital investment and a potential arbitration payment could compete with growth spending.

Bottom line: Stoneridge is winning more business and raised its revenue outlook, but the quarter shows that margin repair is lagging growth. Against expectations, this is essentially an in-line earnings print with a slightly negative tilt because profitability guidance weakened and legacy liabilities remain unresolved.

What to watch next

Credit Facility refinancing before July 1, 2027

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

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Stoneridge earnings beat revenue expectations but margins slide

What to watch next

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