NOVI, Mich. (AP) — NOVI, Mich. (AP) — Stoneridge Inc. (SRI) on Wednesday reported net income of $273,000 in its fourth quarter.
The Novi, Michigan-based company said it had profit of 1 cent per share. Earnings, adjusted for non-recurring costs, were 11 cents per share.
The maker of electronic components for the automotive and other markets posted revenue of $231.2 million in the period.
For the year, the company reported a loss of $14.1 million, or 52 cents per share. Revenue was reported as $899.9 million.
Stoneridge expects full-year results to range from a loss of 10 cents per share to earnings of 10 cents per share.
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