---
title: "Novi Firm Stoneridge Posts Q3 Loss After Award"
url: https://www.heredetroitmi.com/2026/11/06/novi-stoneridge-q3-loss-arbitration-charge/
date: 2026-11-06T09:25:50-05:00
modified: 2026-11-06T09:25:50-05:00
author: "HERE Novi"
categories: ["Business"]
site: "HERE Detroit"
attribution: "HERE Detroit"
---

# Novi Firm Stoneridge Posts Q3 Loss After Award

> NOVI, Mich. — A Novi maker of vehicle electronics said Wednesday that a warranty arbitration ruling wiped out its third-quarter profit on a GAAP basis even as core sales and cash earnings looked stronger than a year ago. Stoneridge Inc. recorded a $22.9 million continuing-operations shortfall, equal to 81 cents a share, for the quarter

*Source: [HERE Detroit](https://www.heredetroitmi.com/2026/11/06/novi-stoneridge-q3-loss-arbitration-charge/) — November 6, 2026 by HERE Novi*

NOVI, Mich. — A Novi maker of vehicle electronics said Wednesday that a warranty arbitration ruling wiped out its third-quarter profit on a GAAP basis even as core sales and cash earnings looked stronger than a year ago.

Stoneridge Inc. recorded a $22.9 million continuing-operations shortfall, equal to 81 cents a share, for the quarter that closed Sept. 30. That compares with an $8.9 million shortfall, or 32 cents a share, a year earlier. Top-line sales came in at $155.8 million after the company shaved $24.2 million off net sales for the award.

The Nov. 2 panel decision handed a former Control Devices customer about 22.5 million euros — roughly $25.5 million once interest and costs are counted — over old particulate-matter sensor warranty claims. Stoneridge exited that sensor work years ago and sold Control Devices early in 2026. Company leaders contest the ruling and are weighing options; if an appeal fails, they say cash already on hand would cover the bill.

On measures that exclude the charge and other adjustments, sales reached $180.0 million, a 29.9 percent year-over-year jump, and adjusted profit was $1.6 million, or 6 cents a share. Adjusted EBITDA rose to $7.3 million, about 42 percent above the year-ago level.

Full-year guidance now calls for adjusted sales between $690 million and $700 million, with adjusted EBITDA expected near the low end of the earlier $20-$25 million band. Vision-system orders already in hand are forecast to add about $180 million of incremental revenue through 2028. Net debt was $80.2 million on Sept. 30, down $47.6 million from year-end 2025.