STONERIDGE INC
For the period ended May 19, 2026. Filed Apr 9, 2026.
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May 19, 2026 · Filed Apr 9, 2026
Contents
Appendix B
Regulation G Non-GAAP Financial Measure Reconciliations
Description of Non-GAAP Metrics
Pursuant to Regulation G and Item 10(e) of Regulation S-K, the Company is hereby providing (i) definitions of non-GAAP financial metrics that are used in the sections of the proxy statement under the heading “Compensation Discussion & Analysis—Annual Incentive Awards” (ii) reconciliations of these metrics to the most directly comparable GAAP measures.
The following describes and reconciles those financial measures as reported under accounting principles generally accepted in the United States (GAAP) with those financial measures as adjusted by the items detailed below. These calculations are not prepared in accordance with GAAP and should not be viewed as alternatives to GAAP. In keeping with its historical financial reporting practices, the Company believes that the supplemental presentation of these calculations provides meaningful non-GAAP financial measures to help investors understand and compare business trends among different reporting periods on a consistent basis.
Reconciliations for the non-GAAP financial measures referenced within this proxy statement to the most directly comparable GAAP measures are set forth below:
Reconciliation of Adjusted Operating Income (Loss)
| 2025 (USD in millions) | Consolidated | Electronics | Control Devices |
|---|---|---|---|
| Operating Income (Loss) | $(38.6) | $14.3 | $(17.9) |
| Add: Pre-Tax Business Realignment Costs | 6.4 | 3.8 | 0.7 |
| Add: Pre-Tax Strategic Review Costs | 6.0 | — | — |
| Add: Pre-Tax Share-Based Compensation Accelerated Vesting | 0.3 | — | |
| Add: Pre-Tax Impairment of Control Devices Assets | 21.6 | — | 21.6 |
| Add: Pre-Tax Annual Incentive Compensation Costs(1) | 2.7 | 0.9 | 0.5 |
| Adjusted Operating Income (Loss) | $(1.5) | $19.0 | $4.9 |
(1) Pre-Tax Annual Incentive Compensation Costs are specific to the calculation of adjusted operating income metric for purposes of the Annual Incentive Plan.
Reconciliation of Adjusted Cash Flow
| 2025 (USD in millions) | Consolidated | Electronics(1) | Control Devices(1) |
|---|---|---|---|
| Net Cash Provided by Operating Activities | $34.0 | $36.0 | $25.1 |
| Capital Expenditures, including Intangibles | (21.9) | (8.0) | (8.4) |
| Proceeds from Sale of Fixed Assets | 0.4 | — | — |
| Business Realignment Costs | 6.4 | 3.8 | 0.7 |
| Strategic Review Costs | 0.7 | — | — |
| Intercompany Adjustments | — | 4.6 | (4.4) |
| Adjusted Cash Flow | $19.7 | $36.4 | $12.9 |
(1) Segment (Electronics and Control Devices) net cash provided by operating activities are non-GAAP financial measures and are internally derived based on based segment financial results. GAAP cash flow is not reported by segment.
39675 MacKenzie Drive, Suite 400
Novi, Michigan 48377
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