Stoneridge reports first-quarter profit


CHICAGO, April 24 (Reuters) - Stoneridge Inc. , which supplies electrical and electronic components to automakers, on Thursday reported a first-quarter profit as it became more efficient and reduced debt. The Warren, Ohio-based company had net income of $7.0 million, or 31 cents a share, compared with a loss of $64.3 million, or $2.86 a share, a year earlier. Sales increased to $159.6 million from $157.7 million. Before a charge of $69.8 million, or $3.11 a share, in the year-ago quarter ...

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