Stoneridge CEO Jim Zizelman to Retire on May 20
Stoneridge CEO and President Jim Zizelman is retiring, effective May 20, following nearly seven years of service to the company. The Board has appointed Natalia Noblet, current president of Stoneridge Electronics, as incoming president and CEO as part of a planned leadership transition. Zizelman will continue to serve as president and CEO until March 31, when he will transition into the role of strategic advisor. Noblet will assume the role of president and CEO and become a member of the board of directors on April 1. Zizelman will continue to serve on the board of directors and will be a board of directors' nominee for election at the 2026 Annual Meeting of Shareholders. Zizelman joined Stoneridge in 2019. Noblet joined Stoneridge in September 2024 as president of Stoneridge Electronics. Prior to Stoneridge, she spent nearly two decades at WABCO in increasingly senior roles. Following WABCO's acquisition by ZF in 2020, she held senior leadership positions.
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- Significant Sales Growth: Stoneridge's MirrorEye sales reached $111 million in 2025, reflecting a 69% year-over-year increase, which not only highlights the company's strong performance in the global commercial vehicle market but also underscores its strategic focus on high-growth areas.
- Successful Business Restructuring: The sale of the Control Devices segment for $59 million marks an important milestone for Stoneridge in simplifying its business structure and focusing on high-return sectors, which is expected to reduce complexity and enhance operational efficiency.
- Optimistic Future Outlook: Management anticipates MirrorEye sales to grow to at least $160 million in 2026, representing approximately 45% growth, indicating strong growth potential under stable market conditions, with a target of achieving $750 million in revenue by 2027.
- Robust Financial Performance: The Electronics division achieved full-year sales of $551 million, and although adjusted EBITDA declined to $28.6 million, improvements in material and quality-related costs supported the company's operational performance, demonstrating effectiveness in cost control.
- Disappointing Earnings: Stoneridge reported a Q4 non-GAAP EPS of -$0.53 with revenue of $205.2 million, reflecting a 6.0% year-over-year decline and missing expectations by $19.23 million, indicating challenges in the current market environment.
- 2026 Revenue Guidance: The company projects 2026 revenue between $625 million and $650 million, with a midpoint of $638 million representing a 4.2% growth from 2025's $612 million, but this conservative outlook reflects cautious market growth assumptions based on customer expectations.
- MirrorEye Growth Potential: Stoneridge anticipates at least a 45% growth in its MirrorEye business, which is expected to drive market outperformance, showcasing the company's strategic investments in innovative products and strong market demand.
- 2027 Financial Targets: The company has set a revenue target of at least $715 million for 2027, with expected EBITDA of at least $44 million, driven by improving market conditions and contributions from incremental revenue, demonstrating confidence in future growth prospects.
- Financial Loss: Stoneridge Inc. reported a significant fourth-quarter loss of $76.9 million, translating to a loss of $2.76 per share, which starkly contrasts with last year's loss of $6.1 million or $0.22 per share, indicating escalating financial pressures on the company.
- Adjusted Earnings: Excluding special items, Stoneridge's adjusted earnings reflected a loss of $14.7 million or $0.53 per share, highlighting challenges in operational efficiency and cost control that could undermine future investor confidence.
- Revenue Decline: The company's revenue for the fourth quarter fell by 6% to $205.2 million from $218.2 million last year, suggesting weak market demand that may negatively impact the company's long-term growth outlook.
- Future Guidance: Stoneridge has provided revenue guidance for 2026 in the range of $625 million to $650 million (midpoint of $638 million), indicating a potential improvement in outlook, but the company must overcome current financial challenges to achieve these targets.
- Significant Sales Growth: In 2025, Stoneridge reported sales of $861.3 million, down 7.3% from 2024, yet MirrorEye® drove $111 million in sales with a remarkable 69% growth, highlighting the company's strong performance in high-growth sectors.
- Cost Control Success: Stoneridge achieved an 80 basis point improvement in material costs and reduced quality-related costs by $6.6 million in 2025, demonstrating effective cost management even amid challenging macroeconomic conditions, thereby enhancing profitability.
- Optimistic Future Outlook: The company projects 2026 sales guidance between $625 million and $650 million, with an EBITDA target of $20 million to $25 million, reflecting confidence in market demand and continued growth of MirrorEye products.
- Strategic Restructuring Advancement: Following the sale of its Control Devices segment, Stoneridge will focus on high-growth, high-return businesses, with new CEO Natalia Noblet set to drive the company's strategy aimed at improving operational efficiency and financial performance.
- 2025 Financial Performance: Stoneridge reported Q4 2025 sales of $205.2 million with a net loss of $76.9 million, primarily due to a $16.7 million impairment of Control Devices assets and $44.5 million in tax valuation allowances, indicating ongoing challenges in a tough macroeconomic environment.
- MirrorEye Growth: In 2025, MirrorEye sales reached $111 million, reflecting a 69% increase driven by the continued ramp-up of OEM programs in Europe and new launches in North America, showcasing the company's strong performance in high-growth areas.
- 2026 Guidance: The company expects 2026 revenue to range between $625 million and $650 million, representing a 4.2% growth from 2025, with anticipated MirrorEye revenue of at least $160 million, or 45% growth, reflecting optimistic market expectations.
- Cost Control and Cash Flow: In 2025, Stoneridge achieved adjusted free cash flow of $19 million through inventory reduction and material cost improvements, despite a significant overall net loss, demonstrating the company's efforts and effectiveness in cost management.
- Earnings Call Announcement: Stoneridge, Inc. will host its Q4 2025 earnings conference call on March 12, 2026, at 9:00 a.m. ET, featuring members of the executive team to provide insights into the company's financial performance and strategic direction.
- Webcast Access: Investors can access the live webcast through the Presentations & Events page in the Investors section of the company's website, ensuring transparency and enhancing communication with shareholders.
- Company Background: Headquartered in Novi, Michigan, Stoneridge, Inc. is a global supplier of safe and efficient electronic systems and technologies, powering vehicle intelligence and enhancing safety and security in both on- and off-highway transportation sectors worldwide.
- Future Outlook: This earnings call serves not only as a summary of 2025 performance but also as a platform for discussing the company's future strategic initiatives, which is expected to attract significant investor interest.









