Stoneridge, Inc.

Q2 2022 Earnings Conference Call

8/4/2022

spk02: to try to break those loose and we expect to see that. It's one of the reasons why we feel so confident in the second half or feel more confident in the second half. And that also then portends well for the next programs because the level of success there for 1.0 we will, should read across. With regard to the fleets, we continue to expand our fleet trials and continue to see greater acceptance as they're hearing about the OE side, but also hearing about the results from specific police that we've talked about, like Maverick and Schneider. So we're bullish on both sides, really proud of what the team is doing on both the OE and the retrofit side, and look forward to what that means in the end of the year 2023.
spk00: Okay, thanks. And Matt, I guess on the revenue guidance, is there anything you can share on what's baked in from your eye?
spk01: Yeah, sure. Yeah, so year-to-date, like we talked about, we've recognized about $7 million in OE sales. That has been constrained even up until now, obviously, by material. So we expect that to improve sequentially as we go forward. There is an incremental portion that's retrofit as well. I think we talked about at the beginning of the year kind of $15 to $20 million of total mirrorized sales OE and retrofit. And I would think that we stay within that range, even with the material constraints, through the remainder of the year here.
spk00: Got it. Very helpful. Thanks, John. Thanks, Matt.
spk02: Thank you. Thanks, Justin.
spk03: All right. Thank you, Justin. I would now like to turn it back to John DeGainer for closing remarks.
spk02: I want to thank everybody for your participation in today's call. I just want to close by saying that we can assure you that the company is committed to continuing to drive shareholder value through strong operating results and profitable new business and focused deployment of our available resources. This management team will respond, has responded, and will continue to respond efficiently and effectively to manage and control the variables that we can impact to drive those strong financial results. We're confident in our actions. We'll deliver great results in the balance of the year and beyond. Thanks very much.
spk03: Thank you for your participation in today's conference. This does conclude the program. You may now disconnect. The conference will begin shortly. To raise your hand during Q&A, you can dial star 1 1.
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