XML 45 R33.htm IDEA: XBRL DOCUMENT v3.25.2

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

A summary of financial information by reportable segment is as follows:

			Three months ended June 30,												Six months ended June 30,
			2025						2024						2025						2024
Net Sales:
Control Devices			$	70,411					$	79,899					$	139,244					$	157,057
Inter-segment sales			745						955						1,767						1,786
Control Devices net sales			71,156						80,854						141,011						158,843
Electronics			142,681						145,511						277,464						295,294
Inter-segment sales			6,870						7,967						12,621						14,308
Electronics net sales			149,551						153,478						290,085						309,602
Stoneridge Brazil			14,860						11,649						29,134						23,865
Inter-segment sales			412						199						547						199
Stoneridge Brazil net sales			15,272						11,848						29,681						24,064
Eliminations			(8,027)						(9,121)						(14,935)						(16,293)
Total net sales			$	227,952					$	237,059					$	445,842					$	476,216

			Three months ended June 30,												Six months ended June 30,
			2025						2024						2025						2024
Cost of Goods Sold:
Control Devices			$	57,822					$	66,042					$	115,608					$	130,051
Electronics			112,492						110,639						217,018						229,783
Stoneridge Brazil			9,056						6,643						18,225						14,138
Unallocated Corporate (A)			(356)						(5)						(244)						147
Total cost of goods sold			$	179,014					$	183,319					$	350,607					$	374,119
Design and Development:
Control Devices			$	3,863					$	4,844					$	7,998					$	9,952
Electronics			13,447						11,671						25,448						22,409
Stoneridge Brazil			712						816						1,494						1,587
Unallocated Corporate (A)			682						1,126						1,590						2,112
Total design and development			$	18,704					$	18,457					$	36,530					$	36,060
Other Segment Costs:
Control Devices			$	6,160					$	5,290					$	11,907					$	11,165
Electronics			14,003						13,368						26,753						26,182
Stoneridge Brazil			4,124						4,231						7,861						7,977
Unallocated Corporate (A)			8,548						8,987						18,010						16,975
Total other segment costs			$	32,835					$	31,876					$	64,531					$	62,299
Operating (Loss) Income:
Control Devices			$	2,566					$	3,725					$	3,731					$	5,889
Electronics			2,739						9,831						8,244						16,920
Stoneridge Brazil			969						(41)						1,554						163
Unallocated Corporate (A)			(8,875)						(10,108)						(19,355)						(19,234)
Total operating (loss) income			$	(2,601)					$	3,407					$	(5,826)					$	3,738
Depreciation and Amortization:
Control Devices			$	2,127					$	2,806					$	4,453					$	5,669
Electronics			3,974						3,903						7,514						7,764
Stoneridge Brazil			1,143						1,221						2,236						2,497
Unallocated Corporate			336						620						649						1,204
Total depreciation and amortization (B)			$	7,580					$	8,550					$	14,852					$	17,134
Interest Expense (Income), net:
Control Devices			$	(99)					$	(19)					$	(174)					$	(19)
Electronics			178						501						433						1,104
Stoneridge Brazil			(218)						(224)						(367)						(594)
Unallocated Corporate			3,273						3,543						6,409						6,944
Total interest expense, net			$	3,134					$	3,801					$	6,301					$	7,435

			Three months ended June 30,												Six months ended June 30,
			2025						2024						2025						2024
Capital Expenditures:
Control Devices			$	1,096					$	1,587					$	2,159					$	3,104
Electronics			1,040						2,977						4,920						4,354
Stoneridge Brazil			397						799						695						1,739
Corporate (C)			121						326						281						760
Total capital expenditures			$	2,654					$	5,689					$	8,055					$	9,957

			June 30, 2025						December 31, 2024
Total Assets:
Control Devices			$	128,660					$	136,028
Electronics			394,207						365,226
Stoneridge Brazil			56,475						48,280
Corporate (C)			462,445						471,793
Eliminations			(402,379)						(399,771)
Total assets			$	639,408					$	621,556

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following tables present net sales and long-term assets for each of the geographic areas in which the Company operates:

			Three months ended June 30,												Six months ended June 30,
			2025						2024						2025						2024
Net Sales:
United States			$	104,551					$	121,515					$	205,640					$	239,630
North America			$	104,551					$	121,515					$	205,640					$	239,630
Brazil			14,860						11,649						29,134						23,865
South America			$	14,860					$	11,649					$	29,134					$	23,865
Sweden			36,300						39,886						74,350						83,992
Estonia			35,236						28,579						65,434						57,027
Netherlands			23,623						20,456						45,412						41,386
Other Europe			989						1,692						1,997						4,583
China			12,393						13,282						23,875						25,733
Europe and Other			$	108,541					$	103,895					211,068						212,721
Total net sales			$	227,952					$	237,059					$	445,842					$	476,216

			June 30, 2025						December 31, 2024
Long-term Assets:
United States			$	86,059					$	90,111
Mexico			8,096						5,254
North America			$	94,155					$	95,365
Brazil			26,993						25,222
South America			$	26,993					$	25,222
Sweden			37,619						32,918
Estonia			10,668						8,363
Netherlands			63,444						57,677
Other Europe			601						653
China			12,501						13,844
Europe and Other			$	124,833					$	113,455
Total long-term assets			$	245,981					$	234,042

__________________________________________________________

(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 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.

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration