SRI on NYSE

STONERIDGE INC

STONERIDGE INC is an American motor vehicle parts and accessories company based in Novi.2 Its shares trade on NYSE under the symbol SRI.2

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Last updated Oct 21, 2026.

Overview

Compare with MOTORCAR PARTS OF AMERICA INC, China Automotive Systems or Commercial Vehicle Group, or pick any stock.

  • TickerSRI on NYSE2
  • IndustryMotor Vehicle Parts & Accessories2
  • HeadquartersNovi, United States2
  • Incorporated inOH3
  • Business address39675 Mackenzie Drive, Suite 400, Novi, Mi 483773
  • Filer categoryAccelerated filer3
  • Legal formCorporation (For-Profit)2
  • LEIPNBCIH9LE7WI83VJIF082
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CT CORPORATION SYSTEM, 43219 Columbus, United States2
  • Registered withCorporation Database (Ohio Secretary of State), 7328772

Founded in 1965, Stoneridge, Inc. (the “Company”) is a global supplier of safe and efficient electronics systems and technologies. Our systems and products power vehicle intelligence, while enabling safety and security for on-and off-highway transportation sectors around the world. Our worldwide footprint is primarily comprised of 21 locations in 14 countries and enables us to supply global commercial, automotive, off-highway, agricultural and other vehicle markets.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-4.5%Operating margin6
-11.9%Net margin6
-5.2%Revenue growth, 20256
-57.2%Return on equity6
1.01×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Electronics brought in 62% of the revenue STONERIDGE INC broke down this way in fiscal 2025.

  1. Electronics$551.4M662%down 7% from 2024
  2. Control Devices$274.5M631%down 6% from 2024
  3. Stoneridge Brazil$65.1M67%up 30% from 2024
Business segments by year
Business segments202320242025
Electronics$608.2M$594.7M$551.4M
Control Devices$342.1M$292.6M$274.5M
Stoneridge Brazil$57.2M$50.1M$65.1M

Regions

North America brought in 29% of the revenue STONERIDGE INC broke down this way in fiscal 2025.

  1. North America$392.3M629%down 12% from 2024
  2. United States$392.3M629%down 12% from 2024
  3. Sweden$135.0M610%down 15% from 2024
  4. EE$128.8M69%up 17% from 2024
  5. Netherlands$92.6M67%up 10% from 2024
  6. BRMember$60.4M64%up 22% from 2024
  7. South America$60.4M64%up 22% from 2024
  8. Asia Pacific$48.3M64%down 6% from 2024
  9. [Canada]$48.3M64%down 6% from 2024
  10. Other European Countries$4.0M60%down 41% from 2024
Regions by year
Regions202320242025
North America$495.5M$447.1M$392.3M
United States$495.5M$447.1M$392.3M
Sweden$157.9M$159.0M$135.0M
EE$109.5M$110.1M$128.8M
Netherlands$74.8M$84.3M$92.6M
BRMember$57.2M$49.6M$60.4M
South America$57.2M$49.6M$60.4M
Asia Pacific$62.4M$51.3M$48.3M
[Canada]$62.4M$51.3M$48.3M
Other European Countries$18.5M$6.8M$4.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue75¢$690.1M
  • Research and development7¢$62.5M
  • Selling, general and admin14¢$125.6M
  • Income tax5¢$47.4M

Out of $861.3M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$34.0M

Out of $34.0M of cash from operations.6

Financial statements

Revenue789106$861.3M in 2025+3% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $834.3M$834.3M20192020: $648.0M$648.0M2020−22%2021: $770.5M$770.5M2021+19%2022: $899.9M$899.9M2022+17%2023: $975.8M$975.8M2023+8%2024: $908.3M$908.3M2024−7%2025: $861.3M$861.3M2025−5%
Operating income789106-$38.6M in 2025
-$50.0M0$50.0M$100.0M2019: $71.3M$71.3M20192020: -$7.7M-$7.7M20202021: $15.4M$15.4M20212022: $2.9M$2.9M2022−81%2023: $12.8M$12.8M2023+337%2024: -$381.0K-$381.0K20242025: -$38.6M-$38.6M2025+10033%
Net income1189106-$102.8M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: $60.3M$60.3M20192020: -$8.0M-$8.0M20202021: $3.4M$3.4M20212022: -$14.1M-$14.1M20222023: -$5.2M-$5.2M2023−63%2024: -$16.5M-$16.5M2024+219%2025: -$102.8M-$102.8M2025+522%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net sales$861.3M$908.3M$975.8M
Cost of goods sold$690.1M$719.0M$774.5M
Selling, general and administrative$125.6M$117.5M$117.4M
Impairment of Control Devices assets$21.6M$0$0
Design and development$62.5M$72.2M$71.1M
Operating (loss) income-$38.6M-$381.0K$12.8M
Interest expense, net$13.6M$14.4M$13.0M
Equity in (earnings) loss of investee-$340.0K$1.3M$522.0K
Other expense (income), net$3.6M-$2.5M$1.2M
Loss before income taxes-$55.5M-$13.6M-$1.9M
Provision for income taxes$47.4M$2.9M$3.3M
Net loss-$102.8M-$16.5M-$5.2M
Basic (in dollars per share)-$3.70-$0.60-$0.19
Diluted (in dollars per share)-$3.70-$0.60-$0.19
Basic (in shares)27.8M shares27.6M shares27.4M shares
Diluted (in shares)27.8M shares27.6M shares27.4M shares

Compare STONERIDGE INC with another company

Corporate structure

STONERIDGE INC sits at the top of its group. 17 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of STONERIDGE INC

  • STONERIDGE INC Novi, Michigan, United States
    • Exploitatiemaatschappij Berghaaf B.V. Subsidiary · Netherlands
    • Orlaco Inc. Subsidiary · Delaware, United States
    • Orlaco Products B.V. Subsidiary · Netherlands
    • Positron Rastreadores Argentina S.A. Subsidiary · Brazil
    • PST Eletronica Ltda. Subsidiary · Brazil
    • PST Teleatendimento Ltda. Subsidiary · Brazil
    • SRI CS LLC Subsidiary · Michigan, United States
    • SRI Delaware Holdings LLC Subsidiary · Delaware, United States
    • SRI Holdings US LLC Subsidiary · Delaware, United States
    • Stoneridge do Brasil Participacoes Ltda. Subsidiary · Brazil
    • Stoneridge Electronics AB Subsidiary · Sweden
    • Stoneridge Electronics S.r.l. Subsidiary · Italy
    • Stoneridge Fleet Solutions, Inc., F/K/A Stoneridge Aftermarket, Inc. Subsidiary · Ohio, United States
    • Stoneridge Nordic AB Subsidiary · Sweden
    • TED de Mexico S. de R.L. de C.V. Subsidiary · Mexico
    • TED de Mexico Servicios S. de R.L. de C.V. Subsidiary · Mexico

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What STONERIDGE INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$440.8M6 Dec 31, 2025$416.5M6 Dec 31, 2024+5.8%
Accumulated depreciation$361.9M6 Dec 31, 2025$318.8M6 Dec 31, 2024+13.5%
Property and equipment, net$78.9M6 Dec 31, 2025$97.7M6 Dec 31, 2024−19.2%
Operating-lease assets (leased space)$12.5M6 Dec 31, 2025$10.1M6 Dec 31, 2024+24.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$66.3M6 Dec 31, 2025$71.8M6 Dec 31, 2024−7.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$37.6M6 Dec 31, 2025$33.1M6 Dec 31, 2024+13.6%
Intangible assets, net (excluding goodwill)$38.0M6 Dec 31, 2025$39.7M6 Dec 31, 2024−4.3%
Finite-lived intangibles, gross$108.0M6 Dec 31, 2025$92.9M6 Dec 31, 2024+16.2%
Accumulated amortization$70.0M6 Dec 31, 2025$53.2M6 Dec 31, 2024+31.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$132.7M6 Dec 31, 2025$151.3M6 Dec 31, 2024−12.3%
Raw materials$92.7M6 Dec 31, 2025$108.3M6 Dec 31, 2024−14.4%
Work in process$6.8M6 Dec 31, 2025$7.6M6 Dec 31, 2024−10.2%
Finished goods$33.2M6 Dec 31, 2025$35.4M6 Dec 31, 2024−6.4%

Properties, in its own words

Location · Owned/Leased · Use · SquareFootage

Control Devices

The rest of Item 2

Lexington, Ohio · Owned · Manufacturing/Engineering · 219,612

Suzhou, China (A) · Leased · Manufacturing/Engineering/Sales Office · 145,033

Lexington, Ohio · Leased · Warehouse · 15,000

Electronics

Juarez, Mexico (B) · Owned · Manufacturing/Engineering · 235,035

Tallinn, Estonia · Leased · Manufacturing/Engineering · 85,911

Orebro, Sweden · Leased · Manufacturing/Engineering · 77,472

Juarez, Mexico (B) · Leased · Warehouse/Division Office · 64,873

Barneveld, Netherlands · Owned · Manufacturing/Engineering · 62,700

El Paso, Texas (B) · Leased · Warehouse · 57,000

Stockholm, Sweden · Leased · Engineering/Division Office · 41,248

Bayonne, France · Leased · Sales Office/Warehouse · 9,655

Novi, Michigan · Leased · Engineering · 6,398

Dundee, Scotland · Leased · Sales Office/Engineering · 4,683

Gothenburg, Sweden · Leased · Engineering · 710

Stoneridge Brazil

Manaus, Brazil · Owned · Manufacturing · 94,103

Campinas, Brazil · Owned · Engineering/Division Office · 45,467

Buenos Aires, Argentina · Leased · Sales Office · 4,532

Hortolândia, Brazil · Leased · Sales Office · 3,229

Serra, Brazil · Leased · Sales Office · 344

Corporate and Other

Novi, Michigan (A, B) · Leased · Headquarters/Division Office · 37,713

Esslingen, Germany · Leased · Sales Office · 1,722

__________________________________

(A)This facility is also used in the Electronics reportable segment.

(B)This facility is also used in the Control Devices reportable segment.

Item 2 of the 10-K filed Mar 16, 2026.5

Leadership

Who has led STONERIDGE INC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (39)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Exploitatiemaatschappij Berghaaf B.V. Netherlands4
  • Orlaco Inc. Delaware4
  • Orlaco Products B.V. Netherlands4
  • PST Eletronica Ltda. Brazil4
  • PST Teleatendimento Ltda. Brazil4
  • Positron Rastreadores Argentina S.A. Brazil4
  • SRI CS LLC Michigan4
  • SRI Delaware Holdings LLC Delaware4
  • SRI Holdings US LLC Delaware4
  • Stoneridge B.V. Netherlands4
  • Stoneridge Electronics AB Sweden4
  • Stoneridge Electronics AS Estonia4
  • Stoneridge Electronics Limited Scotland, United Kingdom4
  • Stoneridge Electronics S.r.l. Italy4
  • Stoneridge Electronics, Inc. Texas4
  • Stoneridge Fleet Solutions, Inc., F/K/A Stoneridge Aftermarket, Inc. Ohio4
  • Stoneridge GmbH Germany4
  • Stoneridge Nordic AB Sweden4
  • Stoneridge do Brasil Participacoes Ltda. Brazil4
  • TED de Mexico S. de R.L. de C.V. Mexico4
  • TED de Mexico Servicios S. de R.L. de C.V. Mexico4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 7, 20268-K Entered a material agreement69
  2. Sep 23, 20268-K Entered a material agreement70
  3. Aug 11, 2026New chief executive Natalia Noblet becomes CEO15
  4. Aug 5, 20268-K Results of operations; Regulation FD disclosure71
  5. Jun 3, 20268-K Executive or director change72
  6. May 26, 20268-K Executive or director change; Shareholder vote73
  7. May 7, 20268-K Results of operations; Regulation FD disclosure74
  8. Apr 28, 20268-K Results of operations; Regulation FD disclosure75
  9. Apr 6, 20268-K Executive or director change76
  10. Mar 23, 20268-K Executive or director change77
  11. Mar 12, 20268-K Results of operations; Regulation FD disclosure78
  12. Mar 11, 20268-K Entered a material agreement; New debt or obligation79
  13. Feb 26, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure80
  14. Mar 15, 2023New chief executive James Zizelman becomes CEO16
  15. Mar 30, 2015New chief executive Jonathan B. Degaynor becomes CEO17
  16. Jan 17, 2006New chief executive John C. Corey becomes CEO18
  17. Sep 19, 1988Founded STONERIDGE INC is founded2

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.18) a share, on Nov 5, 2025.81

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results71
  2. May 7, 2026Reported quarterly or annual results74
  3. Apr 28, 2026Reported quarterly or annual results75
  4. Mar 12, 2026Reported quarterly or annual results78
  5. Nov 5, 2025Reported quarterly or annual results82
  6. Aug 6, 2025Reported quarterly or annual results83
  7. Apr 30, 2025Reported quarterly or annual results84
  8. Feb 26, 2025Reported quarterly or annual results85

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

340 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 57 major events, 190 insider forms, 43 large holders, 30 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Sep 23, 20268-K EDGAR
  3. Sep 11, 20264 EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 11, 20264 EDGAR
  6. Aug 6, 2026S-8 EDGAR
  7. Aug 5, 202610-Q EDGAR
  8. Aug 5, 20268-K EDGAR
  9. Jul 30, 2026SCHEDULE 13G EDGAR
  10. Jun 18, 20264 EDGAR
  11. Jun 16, 20264 EDGAR
  12. Jun 15, 2026144 EDGAR
  13. Jun 12, 20264 EDGAR
  14. Jun 11, 20263 EDGAR
  15. Jun 11, 20263 EDGAR
  16. Jun 11, 20263 EDGAR
  17. Jun 11, 20263 EDGAR
  18. Jun 4, 20264 EDGAR
  19. Jun 3, 20268-K EDGAR
  20. May 29, 2026SD EDGAR

The 340 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 13 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 18, 2026Humphrey Scott RandallCFO and TreasurerBuy6,000$7.01$42.1KForm 4
Aug 10, 2026Noblet NataliaPresident and CEOBuy5,000$7.31$36.5KForm 4
Jun 15, 2026Ferraiolo Caetano RobertoPresident Stoneridge BrazilSale9,000$7.55$68.0KForm 4
Jun 12, 2026LASKY WILLIAM MDirectorBuy5,000$7.46$37.3KForm 4
Jun 3, 2026Kaplan Ira C.DirectorBuy5,000$7.54$37.7KForm 4
Mar 3, 2025Hartman Robert J. Jr.Chief Accounting OfficerSale969$5.47$5.3KForm 4
May 7, 2024Zizelman JamesPresident and CEOBuy6,500$15.72$102.2KForm 4
Mar 8, 2024Kased RajaeyPresident Control DevicesSale1,032$16.85$17.4KForm 4
Mar 6, 2024Korth KimDirectorSale7,745$16.49$127.7KForm 4
Aug 30, 2023Ferraiolo Caetano RobertoPresident Stoneridge BrazilSale2,400$20.02$48.0KForm 4
Aug 30, 2023Kased RajaeyPresident Control DevicesBuy2,525$20.12$50.8KForm 4
Aug 18, 2023Mayes George S JRDirectorSale2,500$21.30$53.2KForm 4
Sep 6, 2022Schlather Paul J.DirectorBuy10,912$18.85$205.7KForm 4
Sep 6, 2022Schlather Paul J.DirectorBuy10,912$18.85$205.7KForm 4
Sep 2, 2022Schlather Paul J.DirectorBuy486$19.10$9.3KForm 4
Sep 2, 2022Schlather Paul J.DirectorBuy486$19.10$9.3KForm 4
Sep 1, 2022Schlather Paul J.DirectorBuy3,602$18.59$67.0KForm 4
Sep 1, 2022Schlather Paul J.DirectorBuy3,602$18.59$67.0KForm 4
Mar 3, 2022DeGaynor Jonathan BPresident and CEOBuy12,560$19.37$243.3KForm 4
Nov 5, 2021Hartman Robert J. Jr.Chief Accounting OfficerSale3,880$22.08$85.7KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025James Zizelman$900.0K$3.6M98
2025Matthew R. Horvath$495.7K$1.5M98
2025Natalia Noblet$473.8K$1.3M98
2025Susan C. Benedict$405.1K$1.2M98
2025Rajaey Kased$336.8K$717.0K98
2024President & Chief Executive Officer$680.0K$2.2M98
2024Chief Financial Officer & Treasurer$474.4K$1.0M98
2024Chief Human Resources Officer & Assistant General Counsel$387.6K$838.4K98
2024PresidentControl Devices Division$328.6K$566.8K98
2023President & Chief Executive Officer$585.5K$1.8M98
2023Chief Financial Officer & Treasurer$412.5K$1.5M98
2023Chief Human Resources Officer & Assistant General Counsel$337.1K$1.3M98

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,559,252$18.7M0.0%+1,389,647
22nw, LP2,466,975$18.1M17.3%No change
Federated Hermes, Inc.1,214,355$8.9M0.0%+28,755
Vanguard Capital Management LLC1,203,756$8.8M0.0%+58,775
Ewing Morris & Co. Investment Partners Ltd.1,352,980$8.2M4.3%−12,074
Dimensional Fund Advisors LP1,066,041$7.8M0.0%−151,933
AYAL Capital Advisors Ltd1,004,860$7.4M3.8%−84,140
American Century Companies Inc980,872$7.2M0.0%+122,407
Royce & Associates LP836,293$6.1M0.0%+100,008
Geode Capital Management, LLC721,954$5.3M0.0%+384,530
EVR Research LP700,000$5.1M2.5%−70,000
ArrowMark Colorado Holdings LLC661,462$4.8M0.2%−277,365
D. E. Shaw & Co., Inc.579,852$4.2M0.0%−87,701
Marshall Wace, Llp490,557$3.6M0.0%−45,508
Two Sigma Investments, LP402,194$2.9M0.0%+14,150
Russell Investments Group, Ltd.345,240$2.5M0.0%−231,870
Jacobs Levy Equity Management, Inc318,518$2.3M0.0%+54,839
State Street Corp308,863$2.3M0.0%+174,529
Vanguard Portfolio Management LLC289,713$2.1M0.0%+78,083
Man Group plc279,924$2.0M0.0%−17,809
Morgan Stanley256,804$1.9M0.0%+15,329
Bridgeway Capital Management, LLC252,463$1.8M0.0%+50,051
Renaissance Technologies LLC252,200$1.8M0.0%−32,700
Charles Schwab Investment Management Inc242,848$1.8M0.0%+65,475
Shay Capital LLC230,000$1.7M0.2%+103,600

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How STONERIDGE INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSTONERIDGE INC1
  • CIK0001043337
  • Employer ID (EIN)34-15989495
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inOhio5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3714 Motor Vehicle Parts & Accessories1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address39675 Mackenzie Drive, Suite 400, Novi, MI 483771
  • Phone24848993001
  • Shares outstanding28,522,874 as of Aug 3, 202613
  • Public float$192.6M as of Jun 30, 20255
  • AuditorErnst & Young LLP, Detroit, MI PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceAug 8, 19971
  • Filings1,398 in all: 4 (597), 8-K (262), SC 13G/A (105), 10-Q (87), 4/A (52), 3 (50), SC 13G (47), DEF 14A (29)1
    All 42 form types

    10-K (27), ARS (17), S-8 (16), 8-K/A (15), SD (13), DEFA14A (12), SCHEDULE 13G/A (12), UPLOAD (11), CORRESP (6), S-8 POS (4), 10-Q/A (3), S-1/A (3), SCHEDULE 13G (3), 10-K/A (2), 10-K405 (2), 144 (2), 3/A (2), 5 (2), S-3/A (2), 424B3 (1), 424B4 (1), 8-A12B (1), CT ORDER (1), D (1), EFFECT (1), FWP (1), NT 10-Q (1), PRE 14A (1), S-1 (1), S-3 (1), S-4 (1), S-4/A (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 16, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 9, 2026
    Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

ClassSymbolExchange
SRINew York Stock Exchange

From the cover page of the 10-K filed Mar 16, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks STONERIDGE INC names in Item 1A of its 10-K filed Mar 16, 2026: 28 risks under these headings, as written.5

  • Uncertain Business, Economic and Market Conditions
  • Our business is cyclical and a downturn in the commercial, automotive, off-highway and agricultural vehicle markets as well as overall economic conditions could reduce our sales and profitability.
  • The loss or insolvency of any of our principal customers would adversely affect our future results.
  • The Company’s estimated sourced future sales from awarded programs may not be realized.
  • We must implement and sustain a competitive technological advantage in producing our products to compete effectively.
  • The discontinuation of, loss of business or lack of commercial success, with respect to a particular vehicle model for which the Company is a significant supplier could reduce the Company’s sales and harm its profitability.
  • Financial Risks
  • We have foreign currency translation and transaction risks that may materially adversely affect our operating results, financial condition and liquidity.
  • Our debt obligations could limit our flexibility in managing our business and expose us to risks.
  • Covenants in our Credit Facility may limit our ability to pursue our business strategies.
  • Unanticipated changes in our effective tax rate, the adoption of U.S. or international tax legislation, or exposure to additional tax liabilities could adversely affect our profitability.
  • Risks Related to Products, Pricing and Supply
The other 18 risks
  • We are dependent on the availability and price of raw materials, components and other supplies.
  • The prices that we can charge our customers are typically predetermined and we bear the risk of costs in excess of our estimates, in addition to the risk of adverse effects resulting from general customer demands for cost reductions and quality improvements.
  • We have limited or no redundancy for certain of our manufacturing facilities, and therefore damage or disruption to those facilities could interrupt our operations, increase our costs of doing business and impair our ability to deliver our products on a timely basis.
  • We rely on independent dealers and distributors to sell certain products in the aftermarket sales channel and a disruption to this channel would harm our business.
  • Geopolitical Uncertainties
  • We are subject to risks related to our international operations.
  • Military conflicts and geopolitical instability in the Middle East, including U.S. and Israeli military actions against Iran, could disrupt global markets and adversely affect our business.
  • Changes in U.S. administrative policy, including the imposition of or increases in tariffs, changes to existing trade agreements and any resulting changes in international trade relations, may have an adverse effect on our business.
  • We operate our business on a global basis and policy changes affecting international trade could adversely impact the demand for our products and our competitive position.
  • Strategic Performance Risks
  • Our inability to effectively manage the timing, quality and costs of new program launches could adversely affect our financial performance.
  • We may not be able to successfully integrate acquisitions into our business or may otherwise be unable to benefit from pursuing acquisitions.
  • Product Liability Risks
  • Increased or unexpected product warranty claims could adversely affect us.
  • We may incur material product liability costs.
  • Intellectual Property Risks
  • If we fail to protect our intellectual property rights or maintain our rights to use licensed intellectual property or are found liable for infringing the rights of others, our business could be adversely affected.
  • Information Technology and Cybersecurity Risks
  • We may be subject to risks relating to our information technology systems and cybersecurity.
  • A failure of our information technology (IT) networks and systems, or the inability to successfully implement upgrades to our enterprise resource planning (ERP) systems, could adversely impact our business and operations.
  • Privacy and security concerns relating to the Company’s current or future products and services could damage its reputation and deter current and potential users from using them.
  • Environmental, Climate and Weather Risks
  • Compliance with environmental and other governmental regulations could be costly and require us to make significant expenditures.
  • An emphasis on global climate change and other environmental, social, and corporate governance ("ESG") matters by various stakeholders could negatively affect our business.

Legal proceedings

From time to time we are subject to various legal actions and claims incidental to our business, including those arising out of breach of contracts, product warranties, product liability, patent infringement, regulatory matters, and employment-related matters. It is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position, results of operations, or cash flows. However, the final amounts required to resolve these matters could differ materially from our recorded estimates. See Note 11 to the consolidated financial statements.

The opening of Item 3, Legal Proceedings.5

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