Stoneridge, Inc. announced financial results for the first quarter ended March 31, 2025, reporting sales of $217.9 million. The company achieved an adjusted gross profit of $47.7 million, representing 21.9% of sales, and an adjusted EBITDA of $7.6 million, or 3.5% of sales.
The quarter was highlighted by record quarterly sales for both MirrorEye and the SMART 2 tachograph, with MirrorEye sales increasing 24% quarter-over-quarter due to the ramp-up of previously launched OEM programs. Adjusted gross margin improved by 210 basis points, driven by material cost improvements and a $2.5 million reduction in quality-related costs compared to the fourth quarter of last year.
Stoneridge generated $4.9 million in positive free cash flow, an increase of $1.5 million over the first quarter of 2024. The company maintained its full-year 2025 guidance ranges for sales ($860 million to $890 million), adjusted EBITDA ($38 million to $42 million), and free cash flow ($25 million to $30 million), citing strong first-quarter outperformance and run-rate margin improvement.
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