WARREN, Ohio, Feb. 11 /PRNewswire-FirstCall/ -- Stoneridge, Inc.
(NYSE: SRI) today announced that it is rescheduling its fourth-quarter 2008
earnings release and conference call from February 12, 2009 to February 25,
2009, to allow time to complete an analysis of asset impairment including
goodwill. The Company is also reaffirming its full-year earnings outlook for
2008 of $0.40 to $0.46 per diluted share excluding any goodwill-related
impairment charges. Fourth-quarter and full-year 2008 results will now be
released before the market opens on Wednesday, February 25, 2009. The Company
will also broadcast its fourth-quarter 2008 earnings conference call live on
the Internet that morning at 11 a.m. Eastern Time with President and Chief
Executive Officer, John Corey; and Executive Vice President and Chief
Financial Officer, George Strickler. This webcast can be accessed through the Company's Web site,
www.stoneridge.com. The webcast is also being distributed over CCBN's
Investor Distribution Network. Individual investors can listen to the webcast
at www.fulldisclosure.com. Institutional investors can access the webcast via
CCBN's password-protected event management site, StreetEvents
(www.streetevents.com). About Stoneridge, Inc. Stoneridge, Inc., headquartered in Warren, Ohio, is an independent
designer and manufacturer of highly engineered electrical and electronic
components, modules and systems principally for the automotive, medium- and
heavy-duty truck, agricultural and off-highway vehicle markets. Additional
information about Stoneridge can be found at www.stoneridge.com. Forward-Looking Statements Statements in this release that are not historical fact are
forward-looking statements, which involve risks and uncertainties that could
cause actual events or results to differ materially from those expressed or
implied in this release. Things that may cause actual results to differ
materially from those in the forward-looking statements include, among other
factors, the loss of a major customer; a significant change in automotive,
medium- and heavy-duty truck or agricultural and off-highway vehicle
production; a significant change in general economic conditions in any of the
various countries in which the Company operates; labor disruptions at the
Company's facilities or at any of the Company's significant customers or
suppliers; the ability of the Company's suppliers to supply the Company with
parts and components at competitive prices on a timely basis; customer
acceptance of new products; and the failure to achieve successful integration
of any acquired company or business. In addition, this release contains
time-sensitive information that reflects management's best analysis only as of
the date of this release. The Company does not undertake any obligation to
publicly update or revise any forward-looking statements to reflect future
events, information or circumstances that arise after the date of this
release. Further information concerning issues that could materially affect
financial performance related to forward-looking statements contained in this
release can be found in the Company's periodic filings with the Securities and
Exchange Commission. SOURCE Stoneridge, Inc. |
