# EDGAR Filing Document

**Accession Number:** 0001043337
**File Stem:** 0001043337-25-000114
**Filing Date:** 2025-8
**Character Count:** 83594
**Document Hash:** be60d5c28adff7d30e3b7f23e451122d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001043337-25-000114.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001043337-25-000114

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 53

**CONFORMED PERIOD OF REPORT**: 20250806

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STONERIDGE INC
- **CENTRAL INDEX KEY:** 0001043337
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 341598949
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13337
- **FILM NUMBER:** 251190547

**BUSINESS ADDRESS:**
- **STREET 1:** 39675 MACKENZIE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** NOVI
- **STATE:** MI
- **ZIP:** 48377
- **BUSINESS PHONE:** 2484899300

**MAIL ADDRESS:**
- **STREET 1:** 39675 MACKENZIE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** NOVI
- **STATE:** MI
- **ZIP:** 48377

?xml version='1.0' encoding='ASCII'? sri-20250806

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): August 6, 2025

**<u>STONERIDGE, INC.</u>**

(Exact Name of Registrant as Specified in its Charter)

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| | | |
|:---|:---|:---|
| **<u>Ohio</u>** | **<u>001-13337</u>** | **<u>34-1598949</u>** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |

---

**<u>39675 MacKenzie Drive, Suite 400, Novi, Michigan 48377</u>**

(Address of principal executive offices, and Zip Code)

**<u>(248) 489-9300</u>**

Registrant's Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| **Common Shares, without par value** | **SRI** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**ITEM 2.02&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On August 6, 2025, Stoneridge, Inc. (the "Company") issued a press release announcing its results for the first quarter ended June 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1. On August 7, 2025, members of the Company's senior management will hold the second quarter 2025 earnings conference call via webcast to discuss the Company's financial results and the presentation attached hereto as Exhibit 99.2, will accompany management's comments.

The press release and earnings conference call presentation contain certain non-GAAP financial measures, including Adjusted Gross Profit and Margin, Adjusted Operating Income (Loss) and Margin, Adjusted Income (Loss) Before Tax, Adjusted Tax Expense, Adjusted Net Loss, Adjusted Loss per Share ("Adjusted EPS"), Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"), EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Adjusted Net Debt, Adjusted Debt and Adjusted Cash (collectively, the "Non-GAAP Financial Measures"). Management believes that the presentation of the Non-GAAP Financial Measures used in the press release and earnings conference call presentation are useful to both management and investors in their analysis of the Company's financial position, results of operations and expected results of operations because the Non-GAAP Financial Measures facilitate a period to period comparison of operating results by excluding significant unusual, non-recurring items in 2025 and 2024. For 2025, these items relate to after-tax and pre-tax business realignment costs, after-tax and pre-tax strategic review costs, after-tax and pre-tax share-based compensation accelerated vesting and adjustments for debt compliance calculations. For 2024, these items relate to after-tax and pre-tax business realignment costs, after-tax and pre-tax environmental remediation costs, and adjustments for debt compliance calculations. These Non-GAAP Financial Measures, however, should not be considered in isolation or as a substitute for the most comparable GAAP financial measures. Investors are cautioned that non-GAAP financial measures used by the Company may not be comparable to non-GAAP financial measures used by other companies. Adjusted Gross Profit and Margin, Adjusted Operating Income (Loss) and Margin, Adjusted (Income) Loss Before Tax, Adjusted Tax Expense, Adjusted Net Loss, Adjusted EPS, EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Adjusted Net Debt, Adjusted Debt and Adjusted Cash should not be considered a substitute for Gross Profit, Operating Income (Loss), Income (Loss) Before Tax, Income Tax Expense, Net Loss, Loss per Share, Net Cash from Operating Activities, Debt or Cash and Cash Equivalents prepared in accordance with GAAP.

**ITEM 7.01&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

The information set forth in Item 2.02 above is hereby incorporated herein by reference.

The information in this report, including the press release and the earnings conference call presentation furnished as Exhibits 99.1 and 99.2 hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. In addition, the exhibits furnished herewith contain statements intended as "forward-looking statements" that are subject to the cautionary statements about forward-looking statements set forth in such exhibits.

**ITEM 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

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| | |
|:---|:---|
| Exhibit No. | Description |
| <u>[99.1](sri-20250806xexx991earning.htm)</u> | <u>[Press release dated August 6, 2025, announcing results for the](sri-20250806xexx991earning.htm)[second](sri-20250806xexx991earning.htm)[quarter ended](sri-20250806xexx991earning.htm)[June 30](sri-20250806xexx991earning.htm)[, 2025](sri-20250806xexx991earning.htm)</u> |
| <u>[99.2](sri-20250806xexx992earni.htm)</u> | <u>[Second quarter 2025 results earnings conference call presentation materials, dated August 7, 2025](sri-20250806xexx992earni.htm)</u>  |
| 104 | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | **Stoneridge, Inc.** |
| Date: August 6, 2025 | /s/ Matthew R. Horvath |
| | Matthew R. Horvath<br>Chief Financial Officer and Treasurer<br>(Principal Financial Officer) |

---

## Exhibit 99.1

**<br>Exhibit 99.1**

![tm2229541d1_ex99-1img01a.jpg](tm2229541d1_ex99-1img01a.jpg)

FOR IMMEDIATE RELEASE

**Stoneridge Reports Second Quarter 2025 Results**

***MirrorEye® Sets Another Quarterly Sales Record***

***Announces Largest Business Award in Company History for Global MirrorEye Program***

***Announces Largest OEM Business Award in Stoneridge Brazil History***

***Announces Review of Strategic Alternatives for Control Devices Business***

**<u>2025 Second Quarter Results</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sales of $228.0 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross profit of $48.9 million (21.5% of sales)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating loss of $(2.6) million ((1.1)% of sales)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted operating income of $0.4 million (0.2% of sales)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net loss of $(9.4) million ((4.1)% of sales)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted net loss of $(7.0) million ((3.1)% of sales)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA of $4.6 million (2.0% of sales), including $3.4 million of non-operating FX expense

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Excluding non-operating foreign currency expenses, adjusted EBITDA of $8.1 million (3.5% of sales)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Total debt reduction of $38.8 million relative to the first quarter driven by a $43.8 million global cash repatriation program and an inventory reduction of $7.3 million

 **<u>2025 Full-Year Guidance Update</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maintaining revenue guidance of $860 million - $890 million (midpoint of $875 million)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Production volume reductions, particularly in the North American commercial vehicle end market, expected to be offset by foreign currency benefits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Updating adjusted EBITDA to $34 million to $38 million (adjusted EBITDA margin of 4.0% to 4.3%)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Updating to reflect year-to-date non-operating net foreign currency expenses of $3.0 million and approximately $1.0 million in estimated tariff-related expenses for the full-year

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Expecting operating performance improvements, including reduced operating expenses, to offset customer production volume headwinds

NOVI, Mich. – August 6, 2025– Stoneridge, Inc. (NYSE: SRI) today announced financial results for the second quarter ended June 30, 2025, including second quarter sales of $228.0 million and gross profit of $48.9 million (21.5% of sales). Operating loss was $(2.6) million ((1.1)% of sales) while adjusted operating income was $0.4 million (0.2% of sales). Net loss was $(9.4) million and adjusted net loss was $(7.0) million. Loss per share (EPS) was $(0.34) and adjusted EPS was $(0.25). Adjusted EBITDA was $4.6 million (2.0% of sales), including

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$3.4 million of non-operating foreign currency expense. Excluding unfavorable non-operating foreign currency expense of $3.4 million, adjusted EBITDA was $8.1 million (3.5% of sales).

The exhibits attached hereto provide reconciliation details on normalizing adjustments of non-GAAP financial measures used in this press release.

Jim Zizelman, president and chief executive officer, commented, "Our second quarter performance highlights the steady momentum we've built across our strategic priorities. While market conditions remain challenging and volatile, we remain focused on managing the factors within our control. Our industry-changing camera monitor system, MirrorEye, set yet another quarterly sales record with an impressive 21% growth relative to the first quarter of this year. This was driven by the continued ramp-up of our OEM programs including two additional North American programs that launched in the first half of this year. MirrorEye clearly continues to gain momentum throughout our end markets including our OEM, aftermarket and bus applications."

Today, the Company also announced several significant new program awards, in both the Electronics and Stoneridge Brazil segments, totaling approximately $775 million in lifetime revenue. Among these awards is the largest in Stoneridge history for a global MirrorEye program extension with estimated lifetime revenue of approximately $535 million and peak annual revenue of approximately $140 million. Also awarded this quarter is a new OEM program for the Smart 2 next generation tachograph and several programs for secondary displays and electronic control units, which in total, are expected to contribute an additional $155 million of estimated lifetime revenue. Finally, Stoneridge Brazil was awarded the largest OEM program in the segment's history for an electronic control unit for a customer's infotainment program. This new business is estimated to generate approximately $85 million of lifetime revenue, with approximately $20 million of peak annual revenue.

Zizelman continued, "As demonstrated by the significant new business awards announced this quarter, we remain committed to our long-term strategy aligned with industry megatrends and advanced technologies. We continue to lead the market in vision systems as a trusted and dependable partner, earning a global MirrorEye program extension with our next-generation system which exemplifies the value of our technology not only to our customers, but also to end-users. As the largest single program award in the Company's history, this MirrorEye program will contribute to our substantial growth for many years to come. Additionally, we continue to shift our portfolio in Brazil to align with our global growth initiatives as demonstrated by the largest OEM program award in Stoneridge Brazil's history. We believe this award will create additional opportunities in the OEM space in Brazil, both with this customer as well as others, as we become a trusted, reliable supplier in this region as well."

**<u>Review of Strategic Alternatives for the Control Devices Business</u>**

Stoneridge today also announced a review of strategic alternatives for its Control Devices business.

Zizelman continued, "As I have discussed consistently throughout my tenure as the CEO of Stoneridge, our management team and Board of Directors remain focused on creating value for our shareholders, employees, and customers. As our business continues to evolve and grow, we need to ensure each part of our business has both the resources and focus needed to reach its full potential. That said, we are seeing record-breaking business wins in several of our core growth platforms, in both Electronics and Stoneridge Brazil and to support and accelerate these growth platforms, we must dedicate our capital, engineering resources, and leadership focus accordingly. As a result, the next step in our long-term strategy is a review of strategic alternatives related to our Control Devices segment with the primary focus being a potential sale of the segment to maximize value for our shareholders."

Zizelman concluded, "We are excited about the next stage of our long-term strategy. We believe this will maximize shareholder value, both immediately and longer term, and position us for sustainable success. We believe this process will also result in Control Devices being able to take advantage of the technology platforms

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that we have built and invest in the appropriate resources to accelerate growth and earnings potential for the business."

The Company has engaged external advisors to assist in this process but has not set a definitive timetable for the completion of the process and does not intend to comment further unless or until the Board has approved a specific course of action.

**<u>Second Quarter in Review</u>**

Electronics second quarter sales of $149.6 million increased by 6.4% relative to the first quarter of 2025. This was primarily driven by favorable foreign currency translation of $8.1 million and higher MirrorEye sales including the ramp-up of recently launched OEM programs, offset by lower sales in the European commercial vehicle end market. Second quarter adjusted operating margin of 2.8% declined by 210 basis points relative to the first quarter of 2025, primarily due to higher material costs, primarily driven by unfavorable sales mix, and higher SG&A, partially offset by lower quality-related costs.

Control Devices second quarter sales of $71.2 million increased by 1.9% relative to the first quarter of 2025 driven by higher production volumes in the North American passenger vehicle end market. Second quarter adjusted operating margin of 4.0% increased by 180 basis points relative to the first quarter of 2025, primarily due to the contribution from higher sales and improved overhead costs as well as lower D&D costs.

Stoneridge Brazil second quarter sales of $15.3 million increased by $0.9 million, or 6.0%, relative to the first quarter of 2025, driven by favorable foreign currency translation of $0.4 million and higher aftermarket product sales. Second quarter operating income of $1.0 million increased by approximately $0.4 million relative to the first quarter of 2025, primarily due to higher contribution from higher sales and lower material costs.

Relative to the second quarter of 2024, Electronics second quarter sales decreased by 2.6%. This decrease was primarily driven by lower production volumes in the North American commercial vehicle end market, partially offset by higher MirrorEye sales, including the ramp-up of recently launched OEM programs, and favorable foreign currency translation of $7.0 million. Second quarter adjusted operating margin of 2.8% decreased by 490 basis points relative to the second quarter of 2024, primarily driven by lower contribution from lower production volumes as well as higher material cost due to unfavorable sales mix and higher D&D expense due to lower customer reimbursements. This was partially offset by lower quality-related costs relative to the second quarter of 2024.

Relative to the second quarter of 2024, Control Devices second quarter sales decreased by 12.0%. This decrease was primarily due to lower customer production volumes in the North American passenger vehicle end market, as well as the expected wind-down of an end-of-life program. Second quarter adjusted operating margin of 4.0% decreased by 60 basis points relative to the second quarter of 2024, primarily due to lower contribution from lower sales offset by lower quality-related costs and D&D costs.

Relative to the second quarter of 2024, Stoneridge Brazil second quarter sales increased by $3.4 million, or 28.9%. This increase was primarily driven by higher OEM product sales, partially offset by unfavorable foreign currency translation of $0.9 million. Second quarter operating income of $1.0 million increased by approximately $1.0 million relative to the second quarter of 2024 due to higher contribution from higher sales.

**<u>Cash and Debt Balances</u>**

As of June 30, 2025, Stoneridge had cash and cash equivalents totaling $49.8 million and total debt of $164.4 million. During the second quarter of 2025, the Company generated $10.7 million in net cash provided by operating activities and $7.6 million in free cash flow, an increase of $2.0 million and $5.9 million, respectively, relative to the second quarter of 2024. In addition, the Company reduced its total debt and net debt by $38.8

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million and $9.5 million, respectively, relative to the first quarter, driven primarily by a $43.8 million global cash repatriation program and an inventory reduction of $7.3 million.

For Credit Facility compliance purposes, adjusted net debt was $129.5 million while adjusted EBITDA for the trailing twelve months was $31.1 million, resulting in an adjusted net debt to trailing twelve-month EBITDA compliance leverage ratio of 4.17x relative to a required leverage ratio of not greater than 5.50x as per the amended Credit Facility agreement.

Matt Horvath, chief financial officer, commented, "During the quarter, we continued to improve our cash performance driving working capital reductions through continued management of our inventory. Additionally, we executed on a global cash repatriation program that resulted in the tax-efficient repatriation of $43.8 million. We utilized this cash to pay down debt in North America resulting in a net debt reduction of $19.4 million in the quarter for compliance calculation purposes. We remain confident the Company has sufficient liquidity and flexibility to operate in the current macroeconomic environment."

The Company continues to expect to remain compliant with all amended compliance ratios and is targeting a compliance net debt to EBITDA leverage ratio of approximately 2.5x by the end of the year, relative to a 3.5x leverage ratio requirement by the end of the year.

**<u>2025 Outlook</u>**

The Company is maintaining its previously provided full-year 2025 sales guidance range of $860 million to $890 million. The Company is narrowing its adjusted gross margin guidance to 22.0% to 22.25%, maintaining its adjusted operating margin guidance of 0.75% to 1.25%, and updating its adjusted EBITDA guidance to $34 million to $38 million, or approximately 4.0% to 4.3% of sales. The Company is also maintaining its full-year 2025 guidance range for free cash flow of $25 million to $30 million.

Horvath commented, "We are maintaining our full-year 2025 sales guidance as production volume headwinds, primarily in the North American commercial vehicle end market, are expected to be offset by favorable foreign currency benefits. We expect strong operating performance and reduced operating expenses to approximately offset the expected production headwinds. We are updating our adjusted EBITDA guidance to $34 million to $38 million, or a midpoint reduction of $4.0 million, to reflect the $3.0 million non-operating foreign currency headwind recognized in the first half of the year and approximately $1.0 million of tariff-related expenses based on current tariff policies, neither of which were assumed in our initial guidance. Finally, we remain committed to strong cash performance through continued inventory reductions and careful management of our capital expenditures and as such are maintaining our full-year free cash flow guidance to $25 million to $30 million."

Horvath concluded, "We remain focused on building a strong foundation for continued earnings expansion as we capitalize on our impressive portfolio of advanced technologies. We will continue to monitor shifts in macroeconomic policies, including tariffs, and the impacts on our business to ensure that we respond quickly to offset any incremental costs, just as we have done historically. As demonstrated by our new business award announcements this quarter, Stoneridge remains well positioned to outperform our underlying markets and drive margin expansion resulting in long-term shareholder value creation."

**<u>Conference Call on the Web</u>**

A live Internet broadcast of Stoneridge's conference call regarding 2025 second quarter results can be accessed at 9:00 a.m. Eastern Time on Thursday, August 7, 2025, at <u>www.stoneridge.com</u>, which will also offer a webcast replay.

**<u>About Stoneridge, Inc.</u>**

Stoneridge, Inc., headquartered in Novi, Michigan, is a global supplier of safe and efficient electronic systems and technologies. Our systems and products power vehicle intelligence, while enabling safety and security for

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on- and off-highway transportation sectors around the world. Additional information about Stoneridge can be found at <u>www.stoneridge.com</u>.

**<u>Forward-Looking Statements</u>** 

Statements in this press release contain "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this report and may include statements regarding the intent, belief or current expectations of the Company, with respect to, among other things, our (i) future product and facility expansion, (ii) acquisition strategy, (iii) investments and new product development, (iv) growth opportunities related to awarded business, and (v) operational expectations. Forward-looking statements may be identified by the words "will," "may," "should," "designed to," "believes," "plans," "projects," "intends," "expects," "estimates," "anticipates," "continue," and similar words and expressions. The forward-looking statements are subject to risks and uncertainties that could cause actual events or results to differ materially from those expressed in or implied by these statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among other factors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of our suppliers to supply us with parts and components at competitive prices on a timely basis, including the impact of potential tariffs and trade considerations on their operations and output;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• fluctuations in the cost and availability of key materials and components (including semiconductors, printed circuit boards, resin, aluminum, steel and copper) and our ability to offset cost increases through negotiated price increases with our customers or other cost reduction actions, as necessary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• global economic trends, competition and geopolitical risks, including impacts from ongoing or potential global conflicts and any related sanctions and other measures, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• tariffs specifically in countries where we have significant direct or indirect manufacturing or supply chain exposure and our ability to either mitigate the impact of tariffs or pass any incremental costs to our customers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to achieve cost reductions that offset or exceed customer-mandated selling price reductions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the reduced purchases, loss, financial distress or bankruptcy of a major customer or supplier;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the costs and timing of business realignment, facility closures or similar actions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a significant change in commercial, automotive, off-highway or agricultural vehicle production;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• competitive market conditions and resulting effects on sales and pricing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• foreign currency fluctuations and our ability to manage those impacts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• customer acceptance of new products;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to successfully launch/produce products for awarded business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• adverse changes in laws, government regulations or market conditions affecting our products, our suppliers, or our customers' products;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to protect our intellectual property and successfully defend against assertions made against us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• liabilities arising from warranty claims, product recall or field actions, product liability and legal proceedings to which we are or may become a party, or the impact of product recall or field actions on our customers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• labor disruptions at our facilities, or at any of our significant customers or suppliers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• business disruptions due to natural disasters or other disasters outside of our control;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amount of our indebtedness and the restrictive covenants contained in the agreements governing our indebtedness, including our revolving Credit Facility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• capital availability or costs, including changes in interest rates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to achieve the successful integration of any acquired company or business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks related to a failure of our information technology systems and networks, and risks associated with current and emerging technology threats and damage from computer viruses, unauthorized access, cyber-attack and other similar disruptions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the items described in Part I, Item IA ("Risk Factors") in the Company's 2024 Form 10-K.

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The forward-looking statements contained herein represent our estimates only as of the date of this release and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, whether to reflect actual results, changes in assumptions, changes in other factors affecting such forward-looking statements or otherwise.

There can be no assurance that the strategic review of the Control Devices business will result in a transaction. The Company does not intend to comment further regarding this matter unless and until further disclosure is determined to be appropriate.

**<u>Use of Non-GAAP Financial Information</u>**

This press release contains information about the Company's financial results that is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures at the end of this press release. The provision of these non-GAAP financial measures for 2025 and 2024 is not intended to indicate that Stoneridge is explicitly or implicitly providing projections on those non-GAAP financial measures, and actual results for such measures are likely to vary from those presented. The reconciliations include all information reasonably available to the Company at the date of this press release and the adjustments that management can reasonably estimate.

In evaluating its business, the Company considers and uses free cash flow and net debt as supplemental measures of its liquidity and the other non-GAAP financial measures as supplemental measures of its operating performance. Management believes the non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company's financial position and results of operations. In particular, management believes that adjusted gross profit and margin, adjusted operating income (loss) and margin, adjusted income (loss) before tax, adjusted income tax expense (benefit), adjusted net income (loss), adjusted EPS, EBITDA, adjusted EBITDA, adjusted debt, adjusted net debt, adjusted cash and free cash flow are useful measures in assessing the Company's financial performance by excluding certain items that are not indicative of the Company's core operating performance or that may obscure trends useful in evaluating the Company's continuing operating activities. Management also believes that these measures are useful to both management and investors in their analysis of the Company's results of operations and provide improved comparability between fiscal periods.

Adjusted gross profit and margin, adjusted operating income (loss) and margin, adjusted income (loss) before tax, adjusted income tax expense (benefit), adjusted net income (loss), adjusted EPS, EBITDA, adjusted EBITDA, adjusted debt, adjusted net debt, adjusted cash and free cash flow should not be considered in isolation or as a substitute for gross profit, operating income (loss), income (loss) before tax, income tax expense (benefit), net income (loss), EPS, debt, cash and cash equivalents, cash provided by operating activities or other income statement or cash flow statement data prepared in accordance with GAAP.

For more information, contact Kelly K. Harvey, Director Investor Relations (<u>Kelly.Harvey@Stoneridge.com</u>).

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**CONDENSED CONSOLIDATED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
| **(in thousands)** | **June 30,<br>2025** | **December 31,<br>2024** |
| | **(Unaudited)** | |
| **ASSETS** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $**49772** | $71832 |
| &nbsp;&nbsp;Accounts receivable, less reserves of $802 and $1,060, respectively | **163105** | 137766 |
| &nbsp;&nbsp;&nbsp;Inventories, net | **144451** | 151337 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | **36099** | 26579 |
| Total current assets | **393427** | 387514 |
| Long-term assets: |  |  |
| &nbsp;&nbsp;&nbsp;Property, plant and equipment, net | **100100** | 97667 |
| &nbsp;&nbsp;&nbsp;Intangible assets, net | **42514** | 39677 |
| &nbsp;&nbsp;&nbsp;Goodwill | **37690** | 33085 |
| &nbsp;&nbsp;&nbsp;Operating lease right-of-use asset | **11441** | 10050 |
| &nbsp;&nbsp;&nbsp;Investments and other long-term assets, net | **54236** | 53563 |
| Total long-term assets | **245981** | 234042 |
| Total assets | $**639408** | $621556 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $**105773** | $83478 |
| &nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | **78377** | 66494 |
| Total current liabilities | **184150** | 149972 |
| Long-term liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Revolving credit facility | **164377** | 201577 |
| &nbsp;&nbsp;&nbsp;Deferred income taxes | **5373** | 5321 |
| &nbsp;&nbsp;&nbsp;Operating lease long-term liability | **7984** | 6484 |
| &nbsp;&nbsp;&nbsp;Other long-term liabilities | **17008** | 12942 |
| Total long-term liabilities | **194742** | 226324 |
| Shareholders' equity: |  |  |
| &nbsp;&nbsp;Preferred Shares, without par value, 5,000 shares authorized, none issued | **—** |  |
| &nbsp;&nbsp;Common Shares, without par value, 60,000 shares authorized, 28,966 and 28,966 shares issued and 28,003 and 27,695 shares outstanding at June 30, 2025 and December 31, 2024, respectively, with no stated value | **—** |  |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | **217582** | 225712 |
| &nbsp;&nbsp;Common Shares held in treasury, 963 and 1,271 shares at June 30, 2025 and December 31, 2024, respectively, at cost | **(28041)** | (38424) |
| &nbsp;&nbsp;&nbsp;Retained earnings | **163430** | 179985 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | **(92455)** | (122013) |
| Total shareholders' equity | **260516** | 245260 |
| Total liabilities and shareholders' equity | $**639408** | $621556 |

---

------

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended<br>June 30,** | **Three months ended<br>June 30,** | **Six months ended<br>June 30,** | **Six months ended<br>June 30,** |
|<br>**(in thousands, except per share data)** | **2025** | **2024** | **2025** | **2024** |
| Net sales | $**227952** | $237059 | $**445842** | $476216 |
| Costs and expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cost of goods sold | **179014** | 183319 | **350607** | 374119 |
| &nbsp;&nbsp;&nbsp;Selling, general and administrative | **32835** | 31876 | **64531** | 62299 |
| &nbsp;&nbsp;&nbsp;Design and development | **18704** | 18457 | **36530** | 36060 |
| Operating (loss) income | **(2601)** | 3407 | **(5826)** | 3738 |
| &nbsp;&nbsp;&nbsp;Interest expense, net | **3134** | 3801 | **6301** | 7435 |
| &nbsp;&nbsp;&nbsp;Equity in (earnings) loss of investee | **(50)** | 52 | **(344)** | 329 |
| &nbsp;&nbsp;&nbsp;Other expense (income), net | **3430** | (2296) | **2964** | (260) |
| (Loss) income before income taxes | **(9115)** | 1850 | **(14747)** | (3766) |
| Provision (benefit) for income taxes | **244** | (936) | **1808** | (426) |
| Net (loss) income | $**(9359)** | $2786 | $**(16555)** | $(3340) |
| (Loss) income per share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $**(0.34)** | $0.10 | $**(0.60)** | $(0.12) |
| &nbsp;&nbsp;&nbsp;Diluted | $**(0.34)** | $0.10 | $**(0.60)** | $(0.12) |
| Weighted-average shares outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | **27788** | 27611 | **27734** | 27570 |
| &nbsp;&nbsp;&nbsp;Diluted | **27788** | 27853 | **27734** | 27570 |

---

------

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

---

| | | |
|:---|:---|:---|
| **Six months ended June 30, (in thousands)** | **2025** | **2024** |
| **OPERATING ACTIVITIES:** |  |  |
| Net loss | $**(16555)** | $(3340) |
| Adjustments to reconcile net loss to net cash provided by (used for) operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation | **10779** | 13054 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization, including accretion and write-off of deferred financing costs | **4544** | 4440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | **(3491)** | (7004) |
| &nbsp;&nbsp;&nbsp;&nbsp;(Earnings) loss of equity method investee | **(344)** | 329 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on sale of fixed assets | **78** | 258 |
| &nbsp;&nbsp;&nbsp;&nbsp;Share-based compensation expense | **2560** | 2207 |
| &nbsp;&nbsp;&nbsp;&nbsp;Excess tax deficiency related to share-based compensation expense | **453** | 238 |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | **(15101)** | (6094) |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories, net | **18301** | 3438 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | **(2668)** | (1038) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | **15540** | (849) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | **7492** | 12123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities | **21588** | 17762 |
| **INVESTING ACTIVITIES:** |  |  |
| Capital expenditures, including intangibles | **(9352)** | (12920) |
| Proceeds from sale of fixed assets | **225** | 222 |
| Investment in venture capital fund, net | **(92)** | (260) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used for investing activities | **(9219)** | (12958) |
| **FINANCING ACTIVITIES:** |  |  |
| Revolving credit facility borrowings | **18500** | 57000 |
| Revolving credit facility payments | **(59000)** | (58000) |
| Proceeds from issuance of debt | **12805** | 17677 |
| Repayments of debt | **(13366)** | (17690) |
| Repurchase of Common Shares to satisfy employee tax withholding | **(302)** | (666) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used for financing activities | **(41363)** | (1679) |
| Effect of exchange rate changes on cash and cash equivalents | **6934** | (1854) |
| Net change in cash and cash equivalents | **(22060)** | 1271 |
| Cash and cash equivalents at beginning of period | **71832** | 40841 |
| Cash and cash equivalents at end of period | $**49772** | $42112 |
| Supplemental disclosure of cash flow information: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid for interest, net | $**6708** | $8003 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid for income taxes, net | $**6937** | $4372 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital expenditures included in accounts payable | $**1084** | $479 |

---

------

**Regulation G Non-GAAP Financial Measure Reconciliations** 

**<u>Exhibit 1 - Reconciliation of Adjusted Operating Income (Loss)</u>**

---

| | | |
|:---|:---|:---|
| **Reconciliation of Adjusted Operating Income (Loss)** | **Reconciliation of Adjusted Operating Income (Loss)** | **Reconciliation of Adjusted Operating Income (Loss)** |
| *(USD in millions)* | **Q2 2024** | **Q2 2025** |
| **Operating Income (Loss)** | $**3.4** | $**(2.6)** |
| Add: Pre-Tax Business Realignment Costs | 1.9 | 1.7 |
| Add: Pre-Tax Strategic Review Costs |  | 1.0 |
| Add: Pre-Tax Share-Based Compensation Accelerated Vesting |  | 0.3 |
| **Adjusted Operating Income (Loss)** | $**5.4** | $**0.4** |

---

------

**<u>Exhibit 2 – Reconciliation of Adjusted Tax Rate</u>**

---

| | | |
|:---|:---|:---|
| **Reconciliation of Q2 2025 Adjusted Tax Rate** | **Reconciliation of Q2 2025 Adjusted Tax Rate** | **Reconciliation of Q2 2025 Adjusted Tax Rate** |
| *(USD in millions)* | **Q2 2025** | **Tax Rate** |
| **Loss Before Tax** | $**(9.1)** |  |
| Add: Pre-Tax Business Realignment Costs | 1.7 |  |
| Add: Pre-Tax Strategic Review Costs | 1.0 |  |
| Add: Pre-Tax Share-Based Compensation Accelerated Vesting | 0.3 |  |
| **Adjusted Loss Before Tax** | $**(6.1)** |  |
| **Income Tax Expense** | $**0.2** | **(2.7)%** |
| Add: Tax Impact from Pre-Tax Adjustments | 0.7 |  |
| **Adjusted Income Tax Expense on Adjusted Loss Before Tax** | $**1.0** | **(15.7)%** |

---

**<u>Exhibit 3 - Reconciliation of Adjusted Net Loss and EPS</u>**

---

| | | |
|:---|:---|:---|
| *(USD in millions, except EPS)* | **Q2 2025** | **Q2 2025 EPS** |
| **Net Loss** | $**(9.4)** | $**(0.34)** |
| Add: After-Tax Business Realignment Costs | 1.3 | 0.05 |
| Add: After-Tax Strategic Review Costs | 0.8 | 0.03 |
| Add: After-Tax Share-Based Compensation Accelerated Vesting | 0.2 | 0.01 |
| **Adjusted Net Loss** | $**(7.0)** | $**(0.25)** |

---

**<u>Exhibit 4 – Reconciliation of Adjusted EBITDA</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Reconciliation of Adjusted EBITDA** | **Reconciliation of Adjusted EBITDA** | **Reconciliation of Adjusted EBITDA** | **Reconciliation of Adjusted EBITDA** | **Reconciliation of Adjusted EBITDA** | **Reconciliation of Adjusted EBITDA** |
| *(USD in millions)* | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** |
| **Income (Loss) Before Tax** | $**1.9** | $**(3.7)** | $**(6.2)** | $**(5.6)** | $**(9.1)** |
| Interest expense, net | 3.8 | 3.6 | 3.4 | 3.2 | 3.1 |
| Depreciation and amortization | 8.5 | 8.8 | 8.3 | 7.3 | 7.6 |
| **EBITDA** | $**14.2** | $**8.8** | $**5.5** | $**4.8** | $**1.6** |
| Add: Pre-Tax Business Realignment Costs | 1.9 | 0.3 | 0.4 | 2.8 | 1.7 |
| Add: Pre-Tax Environmental Remediation Costs |  | 0.2 |  |  |  |
| Add: Pre-Tax Strategic Review Costs |  |  |  |  | 1.0 |
| Add: Pre-Tax Share-Based Compensation Accelerated Vesting |  |  |  |  | 0.3 |
| **Adjusted EBITDA** | $**16.1** | $**9.2** | $**6.0** | $**7.6** | $**4.6** |

---

------

**<u>Exhibit 5 – Segment Adjusted Operating Income (Loss)</u>**

**<u>Reconciliation of Control Devices Adjusted Operating Income</u>**

---

| | | | |
|:---|:---|:---|:---|
| *(USD in millions)* | **Q2 2024** | **Q1 2025** | **Q2 2025** |
| **Control Devices Operating Income** | $**3.7** | $**1.2** | $**2.6** |
| Add: Pre-Tax Business Realignment Costs |  | 0.4 | 0.3 |
| **Control Devices Adjusted Operating Income** | $**3.7** | $**1.5** | $**2.8** |

---

**<u>Reconciliation of Electronics Adjusted Operating Income</u>**

---

| | | | |
|:---|:---|:---|:---|
| *(USD in millions)* | **Q2 2024** | **Q1 2025** | **Q2 2025** |
| **Electronics Operating Income** | $**9.8** | $**5.5** | $**2.7** |
| Add: Pre-Tax Business Realignment Costs | 1.9 | 1.4 | 1.4 |
| **Electronics Adjusted Operating Income** | $**11.7** | $**6.9** | $**4.2** |

---

**<u>Exhibit 6 – Reconciliation of Free Cash Flow</u>**

---

| | | |
|:---|:---|:---|
| *(USD in millions)* | **Q2 2024** | **Q2 2025** |
| **Cash Flow from Operating Activities** | $**8.7** | $**10.7** |
| Capital Expenditures, including Intangibles | (7.1) | (3.3) |
| Proceeds from Sale of Fixed Assets | 0.1 | 0.1 |
| **Free Cash Flow** | $**1.7** | $**7.6** |

---

**<u>Exhibit 7 – Reconciliation of Net Debt</u>**

---

| | | |
|:---|:---|:---|
| *(USD in millions)* | **Q1 2025** | **Q2 2025** |
| **Total Debt** | **$203.2** | **$164.4** |
| Less: Cash and Cash Equivalents | 79.1 | 49.8 |
| **Net Debt** | $**124.1** | $**114.6** |

---

------

**<u>Exhibit 8 – Reconciliation of Compliance Leverage Ratio</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Reconciliation of Adjusted EBITDA for Compliance Calculation** | **Reconciliation of Adjusted EBITDA for Compliance Calculation** | **Reconciliation of Adjusted EBITDA for Compliance Calculation** | **Reconciliation of Adjusted EBITDA for Compliance Calculation** | **Reconciliation of Adjusted EBITDA for Compliance Calculation** | **Reconciliation of Adjusted EBITDA for Compliance Calculation** |
| *(USD in millions)* | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** |
| **Income (Loss) Before Tax** | $**1.9** | $**(3.7)** | $**(6.2)** | $**(5.6)** | $**(9.1)** |
| Interest Expense, net | 3.8 | 3.6 | 3.4 | 3.2 | 3.1 |
| Depreciation and Amortization | 8.5 | 8.8 | 8.3 | 7.3 | 7.6 |
| **EBITDA** | $**14.2** | $**8.8** | $**5.5** | $**4.8** | $**1.6** |
| **Compliance adjustments:** |  |  |  |  |  |
| Add: Non-Cash Impairment Charges and Write-offs or Write Downs |  |  | 0.4 |  | 0.1 |
| Add: Adjustments from Foreign Currency Impact | (2.4) | (0.3) | (1.8) | (0.4) | 3.4 |
| Add: Extraordinary, Non-recurring or Unusual Items |  |  |  |  |  |
| Add: Cash Restructuring Charges | 0.5 | 0.7 | 0.3 | 1.6 | 0.5 |
| Add: Charges for Transactions, Amendments, and Refinances |  |  |  | 0.3 | 1.0 |
| Add: Adjustment to Autotech Fund II Investment | 0.1 | 0.8 | 0.2 | (0.3) | (0.1) |
| Add: Accrual-based Expenses | 7.1 | 1.3 | 6.4 | 7.3 | 5.6 |
| Less: Cash Payments for Accrual-based Expenses | (3.7) | (3.3) | (2.8) | (6.1) | (4.3) |
| **Adjusted EBITDA (Compliance)** | $**15.8** | $**7.9** | $**8.2** | $**7.3** | $**7.7** |
| **Adjusted TTM EBITDA (Compliance)** |  |  |  | $**39.1** | $**31.1** |

---

---

| | | |
|:---|:---|:---|
| **Reconciliation of Adjusted Cash for Compliance Calculation** | **Reconciliation of Adjusted Cash for Compliance Calculation** | **Reconciliation of Adjusted Cash for Compliance Calculation** |
| *(USD in millions)* | **Q1 2025** | **Q2 2025** |
| **Total Cash and Cash Equivalents** | $**79.1** | $**49.8** |
| Less: 35% of Cash in Foreign Locations | (23.3) | (13.4) |
| **Total Adjusted Cash (Compliance)** | $**55.8** | $**36.4** |

---

---

| | | |
|:---|:---|:---|
| **Reconciliation of Adjusted Debt for Compliance Calculation** | **Reconciliation of Adjusted Debt for Compliance Calculation** | **Reconciliation of Adjusted Debt for Compliance Calculation** |
| *(USD in millions)* | **Q1 2025** | **Q2 2025** |
| **Total Debt** | $**203.2** | $**164.4** |
| Outstanding Letters of Credit | 1.5 | 1.5 |
| **Total Adjusted Debt (Compliance)** | $**204.7** | $**165.9** |
| **Adjusted Net Debt (Compliance)** | $**148.9** | $**129.5** |
| **Compliance Leverage Ratio (Net Debt / TTM EBITDA)** | **3.81x** | **4.17x** |
| **Compliance Leverage Ratio Maximum Requirement** | **6.00x** | **5.50x** |

---

## Exhibit 99.2

![](sri-20250806xexx992earni001.jpg)

stoneridge.com© 2025 Q2 2025 Results August 7, 2025 Exhibit 99.2

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![](sri-20250806xexx992earni002.jpg)

stoneridge.com© 2025 Q2 2025 Results 2 Non-GAAP Financial Measures This presentation contains information about the Company's financial results that is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures at the end of this presentation. The provision of these non-GAAP financial measures for 2025 and 2024 is not intended to indicate that Stoneridge is explicitly or implicitly providing projections on those non-GAAP financial measures, and actual results for such measures are likely to vary from those presented. The reconciliations include all information reasonably available to the Company at the date of this presentation and the adjustments that management can reasonably predict. Management believes the non-GAAP financial measures used in this presentation are useful to both management and investors in their analysis of the Company's financial position and results of operations. In particular, management believes that adjusted gross profit and margin, adjusted operating income (loss) and margin, adjusted income (loss) before tax, adjusted net income (loss), adjusted earnings (loss) per share ("EPS"), adjusted EBITDA, adjusted EBITDA margin, adjusted net debt, adjusted debt, adjusted cash and free cash flow are useful measures in assessing the Company's financial performance by excluding certain items that are not indicative of the Company's core operating performance or that may obscure trends useful in evaluating the Company's continuing operating activities. Management also believes that these measures are useful to both management and investors in their analysis of the Company's results of operations and provide improved comparability between fiscal periods. Adjusted gross profit and margin, adjusted operating income (loss) and margin, adjusted income (loss) before tax, adjusted net income (loss), adjusted EPS, adjusted EBITDA, adjusted EBITDA margin, adjusted net debt, adjusted debt, adjusted cash and free cash flow should not be considered in isolation or as a substitute for gross profit, operating income (loss), income (loss) before tax, net income (loss), EPS, debt, cash and cash equivalents, cash provided by operating activities or other income statement or cash flow statement data prepared in accordance with GAAP. Q2 2025 Reported Q2 2025 Adjusted / Non- GAAP -$228.0 millionSales - $48.9 million 21.5% Gross Profit Margin $0.4 million 0.2% $(2.6) million (1.1)% Operating Income (Loss) Margin $(7.0) million (3.1)% $(9.4) million (4.1)% Net Income (Loss) % of sales $4.6 million 2.0% - EBITDA Margin $49.8 millionCash and Cash Equivalents $164.4 millionTotal Debt $114.6 millionNet Debt (Non-GAAP) Other GAAP / Non-GAAP Measures – Q2 2025 $10.7 millionNet Cash Provided by Operating Activities $7.6 millionFree Cash Flow (Non-GAAP)

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![](sri-20250806xexx992earni003.jpg)

stoneridge.com© 2025 Q2 2025 Results 3 Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed in or implied by these statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among other factors, the ability of our suppliers to supply us with parts and components at competitive prices on a timely basis, including the impact of potential tariffs and trade considerations on their operations and output; fluctuations in the cost and availability of key materials and components (including semiconductors, printed circuit boards, resin, aluminum, steel and copper) and our ability to offset cost increases through negotiated price increases with our customers or other cost reduction actions, as necessary; global economic trends, competition and geopolitical risks, including impacts from ongoing or potential global conflicts and any related sanctions and other measures, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries; tariffs specifically in countries where we have significant direct or indirect manufacturing or supply chain exposure and our ability to either mitigate the impact of tariffs or pass any incremental costs to our customers; our ability to achieve cost reductions that offset or exceed customer-mandated selling price reductions; the reduced purchases, loss, financial distress or bankruptcy of a major customer or supplier; the costs and timing of business realignment, facility closures or similar actions; a significant change in commercial, automotive, off-highway or agricultural vehicle production; competitive market conditions and resulting effects on sales and pricing; foreign currency fluctuations and our ability to manage those impacts; customer acceptance of new products; our ability to successfully launch/produce products for awarded business; adverse changes in laws, government regulations or market conditions, affecting our products, our suppliers, or our customers' products; liabilities arising from warranty claims, product recall or field actions, product liability and legal proceedings to which we are or may become a party, or the impact of product recall or field actions on our customers; labor disruptions at Stoneridge's facilities or at any of Stoneridge significant customers or suppliers; the amount of Stoneridge's indebtedness and the restrictive covenants contained in the agreements governing its indebtedness, including its revolving Credit Facility; capital availability or costs, including changes in interest rates; the occurrence or non-occurrence of circumstances beyond Stoneridge's control; and the items described in "Risk Factors" and other uncertainties or risks discussed in Stoneridge's periodic and current reports filed with the Securities and Exchange Commission. Important factors that could cause the performance of the commercial vehicle and automotive industry to differ materially from those in the forward-looking statements include factors such as (1) continued economic instability or poor economic conditions in the United States and global markets, (2) changes in economic conditions, housing prices, foreign currency exchange rates, commodity prices, including shortages of and increases or volatility in the price of oil, (3) changes in laws and regulations, (4) the state of the credit markets, (5) political stability, (6) international conflicts and (7) the occurrence of force majeure events. These factors should not be construed as exhaustive and should be considered with the other cautionary statements in Stoneridge's filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance; Stoneridge's actual results of operations, financial condition and liquidity, and the development of the industry in which Stoneridge operates may differ materially from those described in or suggested by the forward-looking statements contained in this presentation. In addition, even if Stoneridge's results of operations, financial condition and liquidity, and the development of the industry in which Stoneridge operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. This presentation contains time-sensitive information that reflects management's best analysis only as of the date of this presentation. Any forward-looking statements in this presentation speak only as of the date of this presentation, and Stoneridge undertakes no obligation to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data Stoneridge does not undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Rounding Disclosure: There may be slight immaterial differences between figures represented in our public filings compared to what is shown in this presentation. The differences are the result of rounding due to the representation of values in millions rather than thousands in public filings.

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![](sri-20250806xexx992earni004.jpg)

stoneridge.com© 2025 Q2 2025 Results • Q2 performance highlights continued progress across key initiatives • MirrorEye sets another quarterly sales record – 21% growth vs. Q1 2025 • Q2 free cash flow of $7.6 million improved by $5.9 million vs. Q2 2024 • Q2 net debt reduction of $9.5 million and inventory reduction of $7.3 million vs. Q1 2025 • Net debt reduction of $19.4 million for Credit Facility compliance purposes driven by $43.8 million of international cash repatriation • Announced several new business awards totaling ~$775 million in estimated lifetime revenue • Announced largest award in Stoneridge history - MirrorEye global program extension through 2033 with ~$535 million additional lifetime revenue • New Smart 2 OEM program with ~$40 million lifetime revenue • New programs and extensions for secondary displays and electronic control with ~$115 million lifetime revenue • Announced largest OEM award in Stoneridge Brazil history with ~$85 million lifetime revenue Q2 2025 Overview of Achievements Sales $228M 4.6% growth vs. Q1 2025 Q2 2025 Highlights vs. Q1 2025 $9.5M Q2 Business Awards ~$775M Estimated Lifetime Revenue Free Cash Flow Net Debt Reduction $7.6M +$5.9M vs. Q2 2024 4

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![](sri-20250806xexx992earni005.jpg)

5stoneridge.com© 2025 Q2 2025 Results Q2 2025 Key Drivers • Sales remained approximately flat vs. Q1 2025 excluding favorable foreign currency translation impact of $8.6 million • MirrorEye sets another quarterly sales record – 21% growth vs. Q1 2025 • Incremental demand in the North American passenger vehicle end market as well as higher off-highway sales offset by lower sales in the European commercial vehicle end market • Adjusted operating margin improved by 40 basis points vs. Q1 2025 • Quality related costs continued to improve (~$0.2 million) • Tariff-related costs of $0.5 million • Reduced engineering costs and incentive compensation aligned with current market conditions • Adjusted EBITDA impacted by non-operating FX expense of $3.4 million in Q2 (vs. non-operating FX income of $0.5 million in Q1) • Excluding the impacts of non-operating FX, adjusted EBITDA margin improved by 20 basis points vs Q1 2025 Financial Summary \*Excluding non-operating FX expense (income) of $3.4 million and $(0.5) million recognized in Q2 2025 and Q1 2025, respectively Sales Adjusted Gross Profit Adjusted Operating Income Adjusted EBITDA Q1 2025 vs. Q2 2025 +40 bps +20 bps\* $217.9 $228.0 Q1 2025 Q2 2025 $47.7 $48.9 21.9% 21.5% Q1 2025 Q2 2025 $(0.4) $0.4 -0.2% 0.2% Q1 2025 Q2 2025 $7.6 $7.2 $4.6 $8.1 Q1 2025 Q1 2025 ex. Non- Op FX\* Q2 2025 Q2 2025 ex. Non- Op FX\* 3.3%3.5% 2.0% 3.5%

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stoneridge.com© 2025 Q2 2025 Results MirrorEye OEM Global Program Award 6 Global MirrorEye Program Extension through 2033 • Global program with existing commercial vehicle OEM customer on multiple heavy-duty truck nameplates in Europe and North America • Incremental, upgraded technology • Improved customer-assumed take rates based on volume expectations included in the award • European take rates expected to peak over 80% Largest OEM program award in Stoneridge history ~$535M Estimated Peak Annual Revenue~$140M Total Lifetime Revenue 6

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stoneridge.com© 2025 Q2 2025 Results 7 MirrorEye Update OEM Update • Announcing supplier agreement to offer MirrorEye to over-the-road customers of a prominent North American OEM • Expected to be available by the end of 2025 • Several significant fleets expected to be among the first to order system on new trucks • Successful launch of North American OEM programs with DTNA and VTNA • Initial feedback received from our customers has been extremely positive, customers expecting improved take rates vs. original expectations Bus Update • Introduced Next-Generation MirrorEye for Buses • The next-generation MirrorEye Multi-Purpose system's compact design makes it ideal for buses, coaches and rigid vehicles • Supports compliance with the New General Safety Regulation (EU) 2019/2144, which mandates the adoption of advanced vehicle technologies to improve road safety Continued positive momentum in the OEM and bus end markets

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stoneridge.com© 2025 Q2 2025 Results Major OEM Program Awards Stoneridge Electronics 8 Smart 2 Tachograph • New program award for commercial vehicle customer in Europe • Launching in 2028 on medium-duty and heavy-duty trucks Secondary Displays and Controls • New program award for secondary display in medium-duty platform • Program extensions of additional secondary displays and electronic control units Awarded several new commercial vehicle OEM programs for Smart 2 tachograph, secondary displays and controls Total Lifetime Revenue ~$535M Total Lifetime Revenue ~$40M Total Lifetime Revenue ~$115M

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stoneridge.com© 2025 Q2 2025 Results Infotainment Program Award Stoneridge Brazil 9 Infotainment OEM Program • Largest OEM business award in Stoneridge Brazil history • Awarded electronic control unit as the tier 2 supplier for an OEM Infotainment program • ~$85 million lifetime revenue • ~$20 million peak annual revenue • Program expected to launch in the second half of 2026 • Aligned with our global growth initiatives to further expand our local OEM programs - award creates additional opportunities in OEM space in Brazil Largest OEM business award in Stoneridge Brazil history

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stoneridge.com© 2025 Financial Update

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11stoneridge.com© 2025 Q2 2025 Results Q2 2025 Financial Highlights Key Performance Drivers vs. Previous Expectations • Q2 sales were approximately in line with our prior expectations • Q2 sales included ~$3 million of favorable foreign currency impact vs. prior expectations • Adjusted EBITDA significantly impacted by unfavorable non-operating FX expense of $3.4 million • Incremental tariff-related costs of $0.5 million incurred in Q2 Second quarter performance highlights continued progress across key initiatives EBITDA heavily influenced by unfavorable non-operating FX Q2 2025 EBITDA Walk vs. Prior Expectations $0.5M $3.4M ~$8.5M+ Free Cash Flow Adjusted EBITDA Margin Adjusted Operating Income Margin Gross Profit Margin Sales $7.6 million$4.6 million 2.0% $0.4 million 0.2% $48.9 million 21.5% $228.0 million Q2 2025 Results Q2 Adjusted EBITDA Non-operating FX Expenses Incremental Tariff-Related Costs Q2 Adjusted EBITDA ex. Non-operating FX and Tariffs $4.6M

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12stoneridge.com© 2025 Q2 2025 Results Sales Adjusted Operating Income Control Devices Performance Q1 2025 vs. Q2 2025 Q2 2025 Financial Results • Q2 sales increased by 1.9% vs. Q1 2025 primarily due to higher production volumes in the North American passenger vehicle end market • Q2 adjusted operating income improved by 180 basis points vs. Q1 2025 • Overhead cost improvement of 200 basis points vs. Q1 2025 primarily driven by efficient manufacturing processes as a result of operating performance initiatives • Continued focus on controlling operating costs and discretionary spend 2025 Full-year Expectations • Improving North America passenger car market conditions • Focus remains on material cost reduction and manufacturing performance to drive stable margins Operating margin expanded 180 basis points primarily due to manufacturing performance improvements $'s in USD Millions +1.9% +180 bps $69.9 $71.2 Q1 2025 Q2 2025 $1.5 $2.8 2.2% 4.0% Q1 2025 Q2 2025

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13stoneridge.com© 2025 Q2 2025 Results Sales Adjusted Operating Income Electronics Performance Q2 2025 Financial Results • Q2 sales were relatively in line with Q1 2025, excluding the favorable foreign currency translation impact of ~$8.1 million • MirrorEye set another quarterly sales record with 21% growth vs. Q1 2025 • Operating income performance primarily impacted by higher material costs primarily as a result of unfavorable sales mix • Quality-related costs improved by $0.3 million vs. Q1 2025 2025 Full-year Expectations • Significant, continued headwinds in North America commercial vehicle end- market • MirrorEye revenue expected to continue to partially offset production volume declines • Continued focus on material cost and quality-related improvement activities MirrorEye sets another quarterly sales records Continued improvement in quality-related costs Q1 2025 vs Q2 2025 $'s in USD Millions $140.5 $149.6 Q1 2025 Q2 2025 4.9% $6.9 $4.2 4.9% 2.8% Q1 2025 Q2 2025

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14stoneridge.com© 2025 Q2 2025 Results Sales Operating Income Stoneridge Brazil Performance Q2 2025 Financial Results • Q2 sales of $15.3 million grew by $0.9 million, or 6.0%, vs. Q1 2025 • Favorable foreign currency translation of $0.4 million and higher aftermarket product sales • Local OEM sales remained strong - in line with Q1 2025 • Operating income improved by ~230 basis points vs. Q1 2025 primarily due to lower material costs 2025 Expectations • Expecting stable revenue and margins for the remainder of the year • Focus remains on growth in local OEM business – announced significant new business award for global OEM customer • Utilizing engineering resources to continue to support global Electronics business Revenue growth and margin expansion in Q2 Local OEM business remains strong Q1 2025 vs. Q2 2025 $'s in USD Millions + 6.0% +230 bps $14.4 $15.3 Q1 2025 Q2 2025 $0.6 $1.0 4.1% 6.3% Q1 2025 Q2 2025

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15stoneridge.com© 2025 Q2 2025 Results $40 $(5) $5 $40 $(3) $(1) 2025 Adj. EBITDA Guidance Midpoint (Previously Provided) Production Volume Reductions Operating Performance & Initiatives 2025 Adj. EBITDA Updated YTD Non-operating FX impact Incremental Tariff-Related Costs 2025 Adj. EBITDA Guidance (Updated) $875.0 $22.0 $(19.3) 2025 Revenue Guidance Midpoint (Previously Provided) Estimated FX Impact on Revenue IHS Production Volume Reduction\* 2025 Revenue Guidance (Updated) Full-year 2025 Guidance Update Updating full-year 2025 guidance to reflect Q2 performance and current market conditions $'s in USD Millions Full-Year 2025 Revenue Guidance Walk Full-Year 2025 EBITDA Guidance Walk At average expected contribution margin of 27.5% Revenue Guidance Drivers • Maintaining full-year revenue guidance of $860 - $890 million • Reflecting updated IHS forecast, primarily driven by weaker North American commercial vehicle end market • IHS forecasting additional weighted average end-market decline of ~2.2% vs. prior expectations\* • FX benefits expected to offset production headwinds Adjusted EBITDA Margin Guidance Drivers • Operating performance and cost control expected to offset impact of production volume reductions • Expecting total incremental tariff related costs of ~$1.0 million • Reflects YTD non-operating FX expense of $3.0 million Updated 2025 Full-Year Guidance • Sales of $860 million - $890 million • Adjusted EBITDA of $34 million - $38 million (4.0% - 4.3%) \*Current IHS forecast based on MHCV Q3 2025 and LVP July 2025. Prior IHS forecast based on MHCV Q1 2025 and LVP April 2025. $860.0 - $890.0 $34.0 - $38.0

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16stoneridge.com© 2025 Q2 2025 Results Free Cash Flow Q2 2025 Performance • Second quarter free cash flow of $7.6 million ($5.9 million improvement vs. Q2 2024) • Continued focus on working capital management – specifically inventory improvement • Inventory balance improved by $7.3 million vs. Q1 2025 Capital Structure • Reduced total net debt by $9.5 million (Compliance Net Debt reduced by $19.4 million) • Repatriated $43.8 million of internationally held cash to facilitate debt paydown • Q2 net debt to trailing-twelve-month EBITDA compliance leverage ratio\* at 4.17x • Updating targeted compliance leverage ratio to ~2.5x by the end of 2025 Cash Flow Performance Continued strong cash performance driving net debt reductions +$5.9M Note: Compliance Net Debt Leverage Ratio Maximum requirement of 5.50x for Q2 2025 and 3.50x at the end of 2025 per the amended Credit Facility agreement \*Compliance Leverage Ratio calculation includes adjustments in accordance with the Revolving Credit Facility agreement. Refer to Reconciliations to US GAAP for reconciliations. Q2 2024 vs. Q2 2025 vs. Q1 2025 $9.5M Net Debt Reduction vs. Q1 2025 $7.3M Inventory Reduction $1.7 $7.6 Q2 2024 Q2 2025 $'s in USD Millions

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stoneridge.com© 2025 Strategic Update

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stoneridge.com© 2025 Q2 2025 Results 18 Reviewing Strategic Alternatives Control Devices Reviewing strategic alternatives for Control Devices to maximize the value of each of our businesses Reviewing strategic alternatives for Control Devices with a focus on a sale of the business Expected to drive significant value creation for shareholders, customers and employees • Remaining portfolio focused on high-technology electronic solutions for commercial vehicle end markets • Expected to drive significant earnings expansion through focused resource deployment and streamlined operations Sale proceeds would be used to improve balance sheet through debt repayment and reduced interest expense

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stoneridge.com© 2025 Q2 2025 Results Q2 2025 Summary $7.6M Free Cash Flow in Q2 2025 New Business Awards ~21% MirrorEye Revenue Growth vs. Q1 2025 19 ~$775M Updated 2025 Full-Year Guidance • Sales of $860 million - $890 million • Adjusted Gross Margin of 22.0% - 22.25% • Adjusted Operating Margin of 0.75% - 1.25% • Adjusted EBITDA ~$34 million - $38 million (4.0% - 4.3% of sales) • Free Cash Flow of $25 - $30 million Maximizing shareholder value Announced review of strategic alternatives for Control Devices – focused on sale of the business

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stoneridge.com© 2025 Appendix Materials

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stoneridge.com© 2025 Appendix 21 Balance Sheets December 31, 2024 June 30, 2025(in thousands) (Unaudited) ASSETS Current assets: $71,832$49,772Cash and cash equivalents 137,766163,105Accounts receivable, less reserves of $802 and $1,060, respectively 151,337144,451Inventories, net 26,57936,099Prepaid expenses and other current assets 387,514393,427Total current assets Long-term assets: 97,667100,100Property, plant and equipment, net 39,67742,514Intangible assets, net 33,08537,690Goodwill 10,05011,441Operating lease right-of-use asset 53,56354,236Investments and other long-term assets, net 234,042245,981Total long-term assets $621,556$639,408Total assets LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: $83,478$105,773Accounts payable 66,49478,377Accrued expenses and other current liabilities 149,972184,150Total current liabilities Long-term liabilities: 201,577164,377Revolving credit facility 5, 3215,373Deferred income taxes 6, 4847,984Operating lease long-term liability 12,94217,008Other long-term liabilities 226,324194,742Total long-term liabilities Shareholders' equity: —— Preferred Shares, without par value, 5,000 shares authorized, none issued —— Common Shares, without par value, 60,000 shares authorized, 28,966 and 28,966 shares issued and 28,003 and 27,695 shares outstanding at June 30, 2025 and December 31, 2024, respectively, with no stated value 225,712217,582Additional paid-in capital (38,424)(28,041) Common Shares held in treasury, 963 and 1,271 shares at June 30, 2025 and December 31, 2024, respectively, at cost 179,985163,430Retained earnings (122,013)(92,455)Accumulated other comprehensive loss 245,260260,516Total shareholders' equity $621,556$639,408Total liabilities and shareholders' equity

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stoneridge.com© 2025 Appendix 22 Income Statement Six months ended June 30, Three months ended June 30, 2024202520242025(in thousands, except per share data) $476,216$445,842$237,059$227,952Net sales Costs and expenses: 374,119350,607183,319179,014Cost of goods sold 62,29964,53131,87632,835Selling, general and administrative 36,06036,53018,45718,704Design and development 3,738(5,826)3,407(2,601)Operating (loss) income 7, 4356,3013, 8013,134Interest expense, net 329(344)52(50)Equity in (earnings) loss of investee (260)2,964(2,296)3,430Other expense (income), net (3,766)(14,747)1,850(9,115)(Loss) income before income taxes (426)1,808(936)244Provision (benefit) for income taxes $(3,340)$(16,555)$2,786$(9,359)Net (loss) income (Loss) income per share: $(0.12)$(0.60)$0.10$(0.34)Basic $(0.12)$(0.60)$0.10$(0.34)Diluted Weighted-average shares outstanding: 27,57027,73427,61127,788Basic 27,57027,73427,85327,788Diluted

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stoneridge.com© 2025 Appendix 23 Statements of Cash Flows

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stoneridge.com© 2025 Appendix 24 Segment Reporting (A) Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as share-based compensation. Six months ended June 30, Three months ended June 30, 2024202520242025 Net Sales: $157,057$139,244$79,899$70,411Control Devices 1, 7861,767955745Inter-segment sales 158,843141,01180,85471,156Control Devices net sales 295,294277,464145,511142,681Electronics 14,30812, 6217,9676,870Inter-segment sales 309,602290,085153,478149,551Electronics net sales 23,86529,13411,64914,860Stoneridge Brazil 199547199412Inter-segment sales 24,06429,68111,84815,272Stoneridge Brazil net sales (16,293)(14,935)(9,121)(8,027)Eliminations $476,216$445,842$237,059$227,952Total net sales Cost of Goods Sold: $130,051$115,608$66,042$57,822Control Devices 229,783217,018110,639112,492Electronics 14,13818, 2256,6439,056Stoneridge Brazil 147(244)(5)(356)Unallocated Corporate (A) $374,119$350,607$183,319$179,014Total cost of goods sold Design and Development: $9,952$7,998$4,844$3,863Control Devices 22,40925,44811,67113,447Electronics 1, 5871,494816712Stoneridge Brazil 2, 1121,5901,126682Unallocated Corporate (A) $36,060$36,530$18,457$18,704Total design and development Other Segment Costs: $11,165$11,907$5,290$6,160Control Devices 26,18226,75313,36814,003Electronics 7, 9777,8614, 2314,124Stoneridge Brazil 16,97518, 0108,9878,548Unallocated Corporate (A) $62,299$64,531$31,876$32,835Total other segment costs

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stoneridge.com© 2025 Appendix 25 Segment Reporting (A) Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as share-based compensation. (B) These amounts represent depreciation and amortization on a property, plant and equipment and certain intangible assets. (C) Assets located at Corporate consist primarily of cash, intercompany loan receivables, fixed assets for the corporate headquarter building, leased assets, information technology assets, equity investments and investments in subsidiaries. Six months ended June 30, Three months ended June 30, 2024202520242025 Operating (Loss) Income: $5,889$3,731$3,725$2,566Control Devices 16, 9208,2449, 8312,739Electronics 1631,554(41)969Stoneridge Brazil (19,234)(19,355)(10,108)(8,875)Unallocated Corporate (A) $3,738$(5,826)$3,407$(2,601)Total operating (loss) income Depreciation and Amortization: $5,669$4,453$2,806$2,127Control Devices 7, 7647,5143, 9033,974Electronics 2, 4972,2361, 2211,143Stoneridge Brazil 1,204649620336Unallocated Corporate $17,134$14,852$8,550$7,580Total depreciation and amortization (B) Interest Expense (Income), net: $(19)$(174)$(19)$(99)Control Devices 1,104433501178Electronics (594)(367)(224)(218)Stoneridge Brazil 6, 9446,4093, 5433,273Unallocated Corporate $7,435$6,301$3,801$3,134Total interest expense, net Capital Expenditures: $3,104$2,159$1,587$1,096Control Devices 4, 3544,9202, 9771,040Electronics 1,739695799397Stoneridge Brazil 760281326121Corporate (C) $9,957$8,055$5,689$2,654Total capital expenditures

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stoneridge.com© 2025 Reconciliations to US GAAP

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stoneridge.com© 2025 US GAAP Reconciliations US GAAP Reconciliations 27 This document contains information about Stoneridge's financial results which is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures in the appendix of this document. The provision of these non-GAAP financial measures is not intended to indicate that Stoneridge is explicitly or implicitly providing projections on those non- GAAP financial measures, and actual results for such measures are likely to vary from those presented. The reconciliations include all information reasonably available to the Company at the date of this document and the adjustments that management can reasonably predict.

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stoneridge.com© 2025 US GAAP Reconciliations 28 US GAAP Reconciliations Reconciliation of Adjusted Gross Profit Q2 2025Q1 2025(USD in millions) $48.9$46.3Gross Profit —1.4Add: Pre-Tax Business Realignment Costs $48.9$47.7Adjusted Gross Profit

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stoneridge.com© 2025 US GAAP Reconciliations 29 US GAAP Reconciliations Reconciliation of Adjusted Operating Income (Loss) Q2 2025Q1 2025(USD in millions) $(2.6)$(3.2)Operating Income (Loss) 1.72.8Add: Pre-Tax Business Realignment Costs 1.0—Add: Pre-Tax Strategic Review Costs 0.3—Add: Pre-Tax Share-Based Compensation Accelerated Vesting $0.4$(0.4)Adjusted Operating Income (Loss)

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stoneridge.com© 2025 US GAAP Reconciliations 30 US GAAP Reconciliations Reconciliation of Adjusted EBITDA Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024(USD in millions) $(9.1)$(5.6)$(6.2)$(3.7)$1.9Income (Loss) Before Tax 3.13.23.43.63.8Interest expense, net 7.67.38.38.88.5Depreciation and amortization $1.6$4.8$5.5$8.8$14.2EBITDA 1.72.80.40.31.9Add: Pre-Tax Business Realignment Costs ———0.2—Add: Pre-Tax Environmental Remediation Costs 1.0————Add: Pre-Tax Strategic Review Costs 0.3————Add: Pre-Tax Share-Based Compensation Accelerated Vesting $4.6$7.6$6.0$9.2$16.1Adjusted EBITDA

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stoneridge.com© 2025 US GAAP Reconciliations 31 US GAAP Reconciliations Reconciliation of Q2 2025 Adjusted Tax Rate Tax RateQ2 2025(USD in millions) $(9.1)Loss Before Tax 1.7Add: Pre-Tax Business Realignment Costs 1.0Add: Pre-Tax Strategic Review Costs 0.3Add: Pre-Tax Share-Based Compensation Accelerated Vesting $(6.1)Adjusted Loss Before Tax (2.7)%$0.2Income Tax Expense 0.7Add: Tax Impact from Pre-Tax Adjustments (15.7)%$1.0Adjusted Income Tax Expense on Adjusted Loss Before Tax

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stoneridge.com© 2025 US GAAP Reconciliations 32 US GAAP Reconciliations Reconciliation of Q2 2025 Adjusted Net Income and EPS Q2 2025 EPSQ2 2025(USD in millions, except EPS) $(0.34)$(9.4)Net Loss 0.051.3Add: After-Tax Business Realignment Costs 0.030.8Add: After-Tax Strategic Review Costs 0.010.2Add: After-Tax Share-Based Compensation Accelerated Vesting $(0.25)$(7.0)Adjusted Net Loss

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stoneridge.com© 2025 US GAAP Reconciliations 33 US GAAP Reconciliations Reconciliation of Electronics Adjusted Operating Income Q2 2025Q1 2025(USD in millions) $2.7$5.5Electronics Operating Income 1.41.4Add: Pre-Tax Business Realignment Costs $4.2$6.9Electronics Adjusted Operating Income Reconciliation of Control Devices Adjusted Operating Income Q2 2025Q1 2025(USD in millions) $2.6$1.2Control Devices Operating Income 0.30.4Add: Pre-Tax Business Realignment Costs $2.8$1.5Control Devices Adjusted Operating Income

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stoneridge.com© 2025 US GAAP Reconciliations 34 US GAAP Reconciliations Reconciliation of Free Cash Flow Q2 2025Q2 2024(USD in millions) $10.7$8.7Cash Flow from Operating Activities (3.3)(7.1)Capital Expenditures, including Intangibles 0.10.1Proceeds from Sale of Fixed Assets $7.6$1.7Free Cash Flow

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stoneridge.com© 2025 US GAAP Reconciliations 35 US GAAP Reconciliations Reconciliation of Net Debt Q2 2025Q1 2025(USD in millions) $164.4$203.2Total Debt 49.879.1Less: Cash and Cash Equivalents $114.6$124.1Net Debt

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stoneridge.com© 2025 US GAAP Reconciliations 36 US GAAP Reconciliations Reconciliation of Adjusted EBITDA for Compliance Calculation Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024(USD in millions) $(9.1)$(5.6)$(6.2)$(3.7)$1.9Income (Loss) Before Tax 3.13.23.43.63.8Interest Expense, net 7.67.38.38.88.5Depreciation and Amortization $1.6$4.8$5.5$8.8$14.2EBITDA Compliance adjustments: 0.1—0.4——Add: Non-Cash Impairment Charges and Write-offs or Write Downs 3.4(0.4)(1.8)(0.3)(2.4)Add: Adjustments from Foreign Currency Impact —————Add: Extraordinary, Non-recurring or Unusual Items 0.51.60.30.70.5Add: Cash Restructuring Charges 1.00.3———Add: Charges for Transactions, Amendments, and Refinances (0.1)(0.3)0.20.80.1Add: Adjustment to Autotech Fund II Investment 5.67.36.41.37.1Add: Accrual-based Expenses (4.3)(6.1)(2.8)(3.3)(3.7)Less: Cash Payments for Accrual-based Expenses $7.7$7.3$8.2$7.9$15.8Adjusted EBITDA (Compliance) $31.1$39.1Adjusted TTM EBITDA (Compliance)

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stoneridge.com© 2025 US GAAP Reconciliations 37 US GAAP Reconciliations Reconciliation of Adjusted Cash for Compliance Calculation Q2 2025Q1 2025(USD in millions) $49.8$79.1Total Cash and Cash Equivalents (13.4)(23.3)Less: 35% of Cash in Foreign Locations $36.4$55.8Total Adjusted Cash (Compliance) Reconciliation of Adjusted Debt for Compliance Calculation Q2 2025Q1 2025(USD in millions) $164.4$203.2Total Debt 1.51.5Outstanding Letters of Credit $165.9$204.7Total Adjusted Debt (Compliance) $129.5$148.9Adjusted Net Debt (Compliance) 4.17x3.81xCompliance Leverage Ratio (Net Debt / TTM EBITDA) 5.50x6.00xCompliance Leverage Ratio Maximum Requirement

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stoneridge.com© 2025 Stoneridge @StoneridgeInc StoneridgeGlobal

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