Summary of STONERIDGE INC - Yahoo! Finance

Results of Operations and Financial Condition, Financial Statements and Exhibits

Item 2.02 Results of Operations and Financial Condition

On February 7, 2013, Stoneridge, Inc. (the "Company") issued a press release announcing full year 2013 earnings guidance and a fourth quarter 2012 results update. A copy of the press release is attached as Exhibit 99.1. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The press release contains certain non-generally accepted accounting principles (GAAP) financial measures including free cash flow and earnings before income taxes, depreciation and amortization ("EBITDA") margin which are defined in Exhibit 99.1.

Management believes that presentation of the non-GAAP financial measures used in the press release are useful to both management and investors in their analysis of the Company's financial position, results of operations and expected results of operations. Management believes that EBITDA margin is a meaningful measure of performance as it is commonly utilized by management and the investment community to analyze operating performance in our industry. Management believes that free cash flow is useful in analyzing our ability to service and repay debt. Management also believes that investors should have available the same information that management uses to assess operating performance. These non-GAAP measures, however, should not be considered in isolation or as a substitute for the most comparable GAAP measures. Investors are cautioned that non-GAAP financial measures utilized by the Company may not be comparable to non-GAAP financial measures used by other companies. Free cash flow should not be considered a substitute for cash provided by (used for) operating activities, or other cash flow statement data prepared in accordance with GAAP, or as a measure of financial position or liquidity.