Stoneridge, Inc. (SRI) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:04.340 Although we believe that such statements are based upon reasonable assumptions, you should 00:00:04.340 -- 00:00:08.780 understand that these statements are subject to risks and uncertainties, and the actual 00:00:08.780 -- 00:00:11.560 results may differ materially. 00:00:11.560 -- 00:00:15.880 Additional information about such factors and uncertainties that could cause actual results 00:00:15.880 -- 00:00:21.240 to differ may be found on page 3 of the presentation and in our Form 10-Q, 00:00:21.240 -- 00:00:25.620 which has been filed with the Securities and Exchange Commission under the Heading Forward-Looking 00:00:25.620 -- 00:00:30.780 Statement. After Jim and Matt have finished their formal remarks, we will then open up 00:00:30.780 -- 00:00:35.580 the call to questions. And with that, I will hand the call over to Jim. 00:00:35.580 -- 00:00:37.600 Thanks, Kelly, and good morning, everyone. 00:00:37.600 -- 00:00:42.780 Let me begin on page 4. In summary, our second quarter performance highlights our 00:00:42.780 -- 00:00:46.320 continued progress across all of our key initiatives. 00:00:46.320 -- 00:00:50.080 This quarter, we set yet another record for mirror-eye sales. 00:00:50.080 -- 00:00:54.220 We announced our largest-ever program award in the history of the company. 00:00:54.220 -- 00:00:58.820 We improved our quarterly-related costs and continued to improve our balance sheet through 00:00:58.820 -- 00:01:03.360 reduced net debt and improved inventory balances. 00:01:03.560 -- 00:01:08.060 Storage continues to be the leading provider of camera vision systems globally. 00:01:08.060 -- 00:01:13.280 Our record-setting quarterly sales for mirror-eye resulted in an impressive 21% growth 00:01:13.280 -- 00:01:17.060 relative ...