Stoneridge sells Control Devices unit, posts wider Q1 loss amid margin pressure and tariffs

Filed May 15, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~2 min read

Key Changes

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  Control Devices segment sold in January 2026, reducing company to two segments (Electronics and Stoneridge Brazil); proceeds used to pay down $46.7M in debt, but undrawn credit commitments fell from $71.8M to $18.5M.

  MD&A: Segment Structure & Liquidity verify on EDGAR →
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  Q1 2026 net loss from continuing operations widened to $14.8M ($0.53/share) from $8.0M ($0.29/share) in Q1 2025, driven by gross margin compression (21.7% vs 23.6%) and $6.7M spike in SG&A from retirement-related stock vesting and legal costs.

  MD&A: Results of Operations verify on EDGAR →
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  New tariffs imposed in February 2026 on China/Mexico and April 2026 broad-based tariffs "could materially increase cost of goods sold"; company acknowledges no assurance mitigation actions will fully offset incremental costs.

  MD&A: Tariff Exposure verify on EDGAR →