Stoneridge Maintains 2027 Long-Term Target And Establishes 2028 Revenue Target Of $1.35B-$1.55B And EBITDA Margin Target Of 12.0%-14.0%
Portfolio Pulse from Benzinga Newsdesk
Stoneridge, Inc. has reaffirmed its long-term target for 2027 and set new financial goals for 2028, aiming for revenues between $1.35 billion and $1.55 billion and an EBITDA margin target of 12.0% to 14.0%.
February 28, 2024 | 10:46 pm
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Stoneridge, Inc. has announced its financial targets for 2028, aiming for revenues between $1.35 billion and $1.55 billion with an EBITDA margin of 12.0% to 14.0%, while also reaffirming its 2027 targets.
Setting ambitious revenue and EBITDA margin targets for 2028 indicates Stoneridge's confidence in its growth trajectory and operational efficiency improvements. This announcement is likely to be viewed positively by investors, potentially leading to a short-term increase in SRI's stock price.
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