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Stoneridge Reports Second Quarter 2026 Results

Published

3 months ago

on

Strengthening Demand & Expense Control Underpin 2Q Performance

NOVI, Mich., Aug. 5, 2026 /PRNewswire/ — Stoneridge, Inc. (NYSE: SRI) today announced financial results for the second quarter ended June 30, 2026.

2026 Second Quarter Highlights:

Sales growth of 15.1% YoY to $181.4 millionRecord quarterly MirrorEye revenue of ~$37 million (+39% YoY)Record quarterly revenue for Stoneridge Brazil of $20.5 millionNet loss from continuing operations of $5.3 million, or $0.19 per share; improved from a net loss of $11.1 million, or $0.40 per share, in the prior yearAdjusted EBITDA of $5.5 million; best quarterly performance in 24 monthsReaffirming 2026 guidance ranges

“Our second quarter performance reflects disciplined execution of our strategy as we improve our cost structure and focus our resources on the opportunities that will drive long-term value,” said Natalia Noblet, president and chief executive officer. “In Brazil, our strategic shift toward high-value OEM programs continues to position the business for more sustainable, profitable growth. With strong execution across the business, we remain confident in our strategy and are reaffirming our full-year guidance for 2026.”

The exhibits attached hereto provide reconciliation details on normalizing adjustments of non-GAAP financial measures used in this press release.

Second Quarter Results & Commentary

(in millions, except percentages and per share data)

Results

Three Months Ended June 30,
2026

%

2026

2025

Change

Net Sales

$ 181.4

$ 157.5

15.1 %

Gross Profit

36.8

36.3

1.3 %

Gross Margin %

20.3 %

23.1 %

277 bps

Income (loss) from Operations

(1.2)

(4.2)

71.7 %

Income (loss) before taxes from continuing operations

(2.7)

(9.6)

71.6 %

Provision for income taxes from continuing operations

2.6

1.5

65.6 %

Net Income (loss) from continuing operations

(5.3)

(11.1)

52.6 %

Net Income (loss) per diluted common share from
continuing operations

(0.19)

(0.40)

53.4 %

Weighted-average common shares outstanding

28.2

27.8

1.6 %

Adjusted consolidated EBITDA

$   5.5

$   0.8

578.5 %

Adjusted consolidated EBITDA %

3.0 %

0.5 %

251 bps

Consolidated net sales from continuing operations of $181.4 million increased 15.1% YoY. On a core basis, excluding favorable currency translation of $4.4 million and Mexico Manufacturing Agreement revenue of $7.1 million related to the sale of the Control Devices business, revenue improved 7.8% YoY.  The North American commercial vehicle market and Stoneridge Brazil were the primary contributors to second quarter growth.

Gross margin decreased 277 basis points to 20.3% from 23.1% in the second quarter of 2025 as cost leverage on higher sales and benefits from targeted expense control initiatives were more than offset by a combination of higher material costs, stemming from unfavorable currency, strategic inventory-related actions and adverse product mix following the completion of a European regulatory retrofit campaign.

Consolidated net loss from continuing operations totaled $(5.3) million, or $(0.19) per share, compared to a net loss of $(11.1) million, or $(0.40) per share, for the quarter ended June 30, 2025.

Non-GAAP adjusted EBITDA totaled $5.5 million, or 3.0% of sales, compared to $0.8 million, or 0.5% of sales, in the year ago period.

Second Quarter GAAP Segment Results & Commentary

(in millions, except percentages and per share data)

Revenue

Three Months Ended June 30, 2026

Constant

%

Currency

2026

2025

Change

vs. 2025

Electronics

$     160.9

$     142.7

12.8 %

11.0 %

Stoneridge Brazil

20.5

14.9

37.6 %

25.7 %

Consolidated Net Sales

181.4

157.5

15.1 %

12.4 %

 

(in millions, except percentages and per share data)

Operating Income

Three Months Ended June 30, 2026

%

2026

2025

Change

Electronics

$   4.9

$   2.7

77.2 %

% of segment sales

3.0 %

1.9 %

110 bps

Stoneridge Brazil

2.6

1.0

165.8 %

% of segment sales

12.6 %

6.5 %

607 bps

Corporate

(8.6)

(7.9)

(9.0) %

Consolidated Operating Income

$  (1.2)

$  (4.2)

71.7 %

% of consolidated net sales

(0.7) %

(2.7) %

201 bps

Electronics second quarter sales of $160.9 million increased by $18.2 million, or 12.8%, relative to the second quarter of 2025. Excluding a favorable foreign currency translation impact of $2.6 million and Mexico Manufacturing Agreement revenue related to the sale of the Control Devices business, revenue improved 6.0% YoY. Revenue growth against the second quarter of 2025 was primarily driven by the North American commercial vehicle market. Second quarter adjusted operating margin increased by 12 basis points YoY to 3.0% as the benefits of a higher revenue base and implemented cost initiatives more than offset the cumulative impacts of unfavorable mix, currency and strategic inventory-related actions.

Stoneridge Brazil second quarter sales of $20.5 million increased by $5.6 million, or 37.6%. Excluding a favorable foreign currency translation impact of $1.8 million, sales improved by 25.7%. Higher OEM sales were the primary driver of growth during the quarter. Second quarter adjusted operating income of $2.3 million, or 11.2% of sales, increased 135.5%, or 464 basis points, compared to the second quarter of 2025 as higher sales volume more than offset increased SG&A expense.

Cash and Debt Balances

As of June 30, 2026, cash and cash equivalents totaled $71.5 million with total debt of $151.1 million, resulting in net debt of $79.6 million. The $38.5 million decrease in net debt compared to December 31, 2025 reflects the deployment of proceeds from the sale of the Control Devices business in January and tighter control of working capital during the first half of the year. The Company’s Credit Facility is due to mature on July 1, 2027.  The company expects to refinance the credit facility, and is currently engaged in a global refinancing process.

2026 Outlook & Management Commentary

The Company is reaffirming the 2026 guidance ranges that were most recently updated in May. “We are encouraged by our progress in the second quarter, and believe initiatives to generate operational efficiencies and enhance profitability are beginning to materialize,” said Noblet. “We are also seeing promising signs across the European and North American commercial vehicle markets, which should support growth over the balance 2026.  However, we believe it prudent to balance these positives against ongoing macroeconomic and geopolitical uncertainty. We continue to focus on material cost reductions, quality improvements as well as inflationary cost recovery, and remain committed to executing our long-term strategic plan as we navigate the challenging external environment.”

2026 FULL YEAR
GUIDANCE

(in millions, except percentages and per
share data)

2026

Current

Revenue ($M)

$645

—

$670

Adj. Gross Margin

21.5 %

—

22.0 %

Adj. Operating Margin

— %

—

0.5 %

Adj. EBITDA ($M)

$20

—

$25

%

3.1 %

—

3.7 %

The Company has not provided a reconciliation of its full-year 2026 guidance for adjusted gross margin, adjusted operating margin, and adjusted EBITDA (or adjusted EBITDA margin) to the most directly comparable GAAP financial measures because the Company is unable to provide such reconciliations without unreasonable effort. This is due to the inherent difficulty of forecasting with the required precision the timing and amount of various items that have not yet occurred, are out of the Company’s control, or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable reconciling information, which could be material to future results calculated in accordance with GAAP. The Company’s actual results calculated in accordance with GAAP may vary materially from these non-GAAP financial measures presented herein.

Conference Call on the Web
A live Internet broadcast of Stoneridge’s conference call regarding 2026 second quarter results can be accessed at 8:00 a.m. Eastern Time on Thursday, August 6, 2026, at www.stoneridge.com, which will also offer a webcast replay.

About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is a global supplier of safe and efficient electronic systems and technologies. Our systems and products power vehicle intelligence, while enabling safety and security for on- and off-highway transportation sectors around the world. Additional information about Stoneridge can be found at www.stoneridge.com. 

Forward-Looking Statements
Statements in this press release contain “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this press release and may include statements regarding the intent, belief or current expectations of the Company, with respect to, among other things, our (i) future product and facility expansion, (ii) strategic focus following the sale of the Control Devices segment, (iii) acquisition strategy, (iv) investments and new product development, (v) growth opportunities related to awarded business, and (vi) operational expectations. Forward-looking statements may be identified by the words “will,” “may,” “should,” “could,” “would,” “designed to,” “believes,” “plans,” “projects,” “intends,” “expects,” “estimates,” “anticipates,” “continue,” and similar words and expressions. The forward-looking statements are subject to risks and uncertainties that could cause actual events or results to differ materially from those expressed in or implied by these statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among other factors:

the ability of our suppliers to supply us with parts and components at competitive prices on a timely basis, including the impact of potential tariffs and trade considerations on their operations and output;fluctuations in the cost and availability of key materials and components (including semiconductors, printed circuit boards, resin, aluminum, steel and copper) and our ability to offset cost increases through negotiated price increases with or reimbursements from our customers or other cost reduction actions, as necessary;global economic trends, competition and geopolitical risks, including impacts from ongoing or potential global conflicts and any related sanctions and other measures, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries;tariffs specifically in countries where we have significant direct or indirect manufacturing or supply chain exposure and our ability to either mitigate the impact of tariffs or pass any incremental costs to our customers;our ability to achieve cost reductions that offset or exceed customer-mandated selling price reductions;the reduced purchases, loss, financial distress or bankruptcy of a major customer or supplier;the costs and timing of business realignment, facility closures or similar actions;a significant change in commercial, automotive, off-highway or agricultural vehicle production;competitive market conditions and resulting effects on sales and pricing;foreign currency fluctuations and our ability to manage those impacts;customer acceptance of new products;our ability to successfully launch/produce products for awarded business;adverse changes in laws, government regulations or market conditions affecting our products, our suppliers, or our customers’ products;our ability to protect our intellectual property and successfully defend against assertions made against us;liabilities arising from warranty claims, product recall or field actions, product liability and legal proceedings to which we are or may become a party, or the impact of product recall or field actions on our customers;labor disruptions at our facilities, or at any of our significant customers or suppliers;business disruptions due to natural disasters or other disasters outside of our control;the amount of our indebtedness and the restrictive covenants contained in the agreements governing our indebtedness, including our revolving credit facility;capital availability or costs, including changes in interest rates;refinancing risk and access to capital markets and liquidity;the failure to achieve the successful integration of any acquired company or business;risks related to a failure of our information technology systems and networks, and risks associated with current and emerging technology threats and damage from computer viruses, unauthorized access, cyber-attack and other similar disruptions;the items described in Part I, Item 1A (“Risk Factors”) in the Company’s most recent Form 10-K.

The forward-looking statements contained herein represent our estimates only as of the date of this filing and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update these forward-looking statements at some point in the future, except as required by law, we specifically disclaim any obligation to do so, whether to reflect actual results, changes in assumptions, changes in other factors affecting such forward-looking statements or otherwise.

Use of Non-GAAP Financial Information

This press release contains information about the Company’s financial results that is not presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures at the end of this press release. The provision of these non-GAAP financial measures for 2026 and 2025 is not intended to indicate that Stoneridge is explicitly or implicitly providing projections on those non-GAAP financial measures, and actual results for such measures are likely to vary from those presented. The reconciliations include all information reasonably available to the Company at the date of this press release and the adjustments that management can reasonably estimate.

In evaluating its business, the Company considers and uses net debt as a supplemental measure of its liquidity and the other non-GAAP financial measures as supplemental measures of its operating performance. Management believes the non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company’s financial position and results of operations. In particular, management believes that adjusted gross profit and margin, adjusted operating income (loss) and margin, adjusted income (loss) before tax, adjusted income tax expense (benefit), adjusted net loss from continuing operations, adjusted net income (loss), adjusted EPS, EBITDA, adjusted EBITDA, and net debt are useful measures in assessing the Company’s financial performance by excluding certain items that are not indicative of the Company’s core operating performance or that may obscure trends useful in evaluating the Company’s continuing operating activities. Management also believes that these measures are useful to both management and investors in their analysis of the Company’s results of operations and provide improved comparability between fiscal periods.

Adjusted gross profit and margin, adjusted operating income (loss) and margin, adjusted income (loss) before tax, adjusted income tax expense (benefit), adjusted net income loss from continuing operations, adjusted net income (loss), adjusted EPS, EBITDA, adjusted EBITDA, and net debt should not be considered in isolation or as a substitute for gross profit, operating income (loss), income (loss) before tax, income tax expense (benefit), loss from continuing operations, net income (loss), EPS, debt, cash and cash equivalents, cash provided by operating activities or other income statement or cash flow statement data prepared in accordance with GAAP. Because not all companies calculate non-GAAP financial measures in the same manner, the non-GAAP financial measures presented in this press release may not be comparable to similarly titled measures used by other companies, and the Company’s use of these measures may vary from that of other companies in its industry.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

June 30,
2026

December 31,
2025

(unaudited)

ASSETS

Current assets:

Cash and cash equivalents

$       71,514

$       53,057

Accounts receivable, less reserves of $543 and $325, respectively

135,744

89,019

Inventories, net

112,999

106,422

Prepaid expenses and other current assets

24,025

26,956

Current assets of discontinued operations

—

86,342

Total current assets

344,282

361,796

Long-term assets:

Property, plant and equipment, net

61,117

62,659

Intangible assets, net

33,077

37,632

Goodwill

36,528

37,590

Operating lease right-of-use asset

8,486

9,570

Investments and other long-term assets, net

23,236

22,167

Long-term assets of discontinued operations

—

19,702

Total long-term assets

162,444

189,320

Total assets

$      506,726

$      551,116

LIABILITIES AND SHAREHOLDERS’ EQUITY

Accounts payable

$      108,297

$       62,398

Accrued expenses and other current liabilities

73,757

65,132

Current liabilities of discontinued operations

—

29,955

Total current liabilities

182,054

157,485

Long-term liabilities:

Revolving credit facility

151,089

180,942

Deferred income taxes

8,688

9,972

Operating lease long-term liability

5,776

6,601

Other long-term liabilities

9,994

11,604

Long-term liabilities of discontinued operations

—

4,733

Total long-term liabilities

175,547

213,852

Preferred Shares, without par value, 5,000 shares authorized, none issued

—

—

Common Shares, without par value, 60,000 shares authorized, 28,966 and 28,966
shares issued and 28,524 and 28,018 shares outstanding at June 30, 2026 and
December 31, 2025, respectively, with no stated value

—

—

Additional paid-in capital

204,854

219,186

Common Shares held in treasury, 442 and 948 shares at June 30, 2026 and
December 31, 2025, respectively, at cost

(9,649)

(27,457)

Retained earnings

43,957

77,150

Accumulated other comprehensive loss

(90,037)

(89,100)

Total shareholders’ equity

149,125

179,779

Total liabilities and shareholders’ equity

$      506,726

$      551,116

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended
June 30,

Six months ended
June 30,

(in thousands, except per share data)

2026

2025

2026

2025

Net sales

$      181,384

$      157,541

$      342,231

$      306,598

Costs and expenses:

Cost of goods sold

144,551

121,192

270,442

234,998

Selling, general and administrative

26,061

25,704

58,590

51,569

Design and development

11,960

14,841

23,365

28,533

Operating loss

(1,188)

(4,196)

(10,166)

(8,502)

Interest expense, net

2,404

3,233

6,089

6,475

Equity in (earnings) loss of investee

(222)

(50)

9

(344)

Other (income) expense, net

(649)

2,222

(179)

1,396

Loss before income taxes from continuing operations

(2,721)

(9,601)

(16,085)

(16,029)

Provision for income taxes from continuing operations

2,555

1,542

3,969

3,118

Loss from continuing operations

(5,276)

(11,143)

(20,054)

(19,147)

Discontinued operations:

Loss (gain) from discontinued operations, net of tax

—

(1,784)

3,322

(2,592)

Loss on disposal, net of tax

—

—

9,817

—

Loss (gain) from discontinued operations

—

(1,784)

13,139

(2,592)

Net loss

$       (5,276)

$        (9,359)

$      (33,193)

$      (16,555)

Loss per share from continuing operations:

Basic

$         (0.19)

$         (0.40)

$         (0.71)

$         (0.69)

Diluted

$         (0.19)

$         (0.40)

$         (0.71)

$         (0.69)

Loss per share from discontinued operations:

Basic

$            —

$          0.06

$         (0.47)

$          0.09

Diluted

$            —

$          0.06

$         (0.47)

$          0.09

Loss per share from Stoneridge Inc.:

Basic

$         (0.19)

$         (0.34)

$         (1.18)

$         (0.60)

Diluted

$         (0.19)

$         (0.34)

$         (1.18)

$         (0.60)

Weighted-average shares outstanding:

Basic

28,244

27,788

28,071

27,734

Diluted

28,244

27,788

28,071

27,734

Regulation G Non-GAAP Financial Measure Reconciliations

Exhibit 1 – Reconciliation of Adjusted Gross Profit

(USD in millions)

Q2 2025

Q2 2026

Gross Profit

$          36.3

$          36.8

Add: Pre-Tax Business Realignment Costs

—

—

Adjusted Gross Profit

$          36.3

$          36.8

Exhibit 2 – Reconciliation of Adjusted Operating Loss

Reconciliation of Adjusted Operating Loss

(USD in millions)

Q2 2025

Q2 2026

Operating Loss

$          (4.2)

$          (1.2)

Add: Pre-Tax Business Realignment Costs

1.4

—

Add: Pre-Tax Share-Based Compensation Accelerated Vesting

0.3

0.4

Add: Pre-Tax Brazilian Indirect Taxes

—

(0.3)

Adjusted Operating Loss

$          (2.5)

$          (1.0)

Exhibit 3 – Reconciliation of Q2 Adjusted Tax Rate

Reconciliation of Q2 2026 Adjusted Tax Rate

(USD in millions)

Q2 2026

Tax Rate

Loss Before Tax

$          (2.7)

Add: Pre-Tax Share-Based Compensation Accelerated Vesting

0.4

Add: Pre-Tax Brazilian Indirect Taxes

(0.5)

Adjusted Loss Before Tax

$          (2.8)

Income Tax Expense

2.6

(93.84) %

Add: Tax Impact from Pre-Tax Adjustments

(0.2)

Add: After-Tax Impact of Valuation Allowances, net

—

Adjusted Income Tax Expense on Adjusted Loss Before Tax

$           2.4

(85.64) %

Exhibit 4 – Reconciliation of Adjusted Net Loss and EPS

Reconciliation of Q2 2026 Adjusted Net Income and EPS

(USD in millions, except EPS)

Q2 2026

Q2 2026 EPS

Net Loss

$          (5.3)

$        (0.19)

Add: After-Tax Share-Based Compensation Accelerated Vesting

0.4

0.02

Add: After-Tax Brazilian Indirect Taxes

(0.3)

(0.01)

Adjusted Net Loss

$          (5.2)

$        (0.18)

Exhibit 5 – Reconciliation of Adjusted EBITDA

Reconciliation of Adjusted EBITDA

(USD in millions)

Q2 2025

Q2 2026

Loss Before Income Taxes from Continuing Operations

$          (9.6)

$          (2.7)

Interest expense, net

3.2

2.4

Depreciation and amortization

5.5

5.6

EBITDA

$          (0.9)

$           5.3

Add: Pre-Tax Business Realignment Costs

1.4

—

Add: Pre-Tax Share-Based Compensation Accelerated Vesting

0.3

0.4

Add: Pre-Tax Brazilian Indirect Taxes

—

(0.3)

Adjusted EBITDA

$           0.8

$           5.5

Exhibit 6 – Segment Adjusted Operating Income

Reconciliation of Electronics Adjusted Operating Income

(USD in millions)

Q2 2025

Q2 2026

Electronics Operating Income

$           2.7

$           4.9

Add: Pre-Tax Business Realignment Costs

1.4

—

Electronics Adjusted Operating Income

$           4.2

$           4.9

Reconciliation of Stoneridge Brazil Adjusted Operating Income

(USD in millions)

Q2 2025

Q2 2026

Stoneridge Brazil Operating Income

$           1.0

$           2.6

Add: Pre-Tax Brazilian Indirect Taxes

—

(0.3)

Stoneridge Brazil Adjusted Operating Income

$           1.0

$           2.3

Exhibit 7 – Reconciliation of Net Debt

(USD in millions)

Q2 2025

Q2 2026

Total Debt

$        164.4

$        151.1

Cash and Cash Equivalents

46.3

71.5

Net Debt

$        118.1

$          79.6

 

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SOURCE Stoneridge, Inc.

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Budget 2026: Masters of our Destiny – Minister Miller announces the rollout of $600 million targeted support to Canada’s audio and audiovisual sectors

Published

57 minutes ago

on

November 8, 2026

By

As announced in Budget 2026, the Government of Canada is providing important measures to support the audio and audiovisual sectors, and to protect access to public service media, productions from official language minority communities, Indigenous content, accessible programming, and local news.

GATINEAU, QC, Nov. 8, 2026 /CNW/ — In an increasingly turbulent world, Canada is determining its future. The federal Budget 2026 aims to make Canadians masters of their own destiny. The Canadian audio and audiovisual sectors are a major source of economic activity and jobs as well as a cornerstone of our country’s cultural sovereignty. 

Budget 2026 confirmed a $600 Million dollar investment in the audio and audiovisual sectors for this fiscal year. Today, the Honourable Marc Miller, Minister of Canadian Identity and Culture and Minister responsible for Official Languages, announced the funding rollout of these significant funds that will provide stability and direct support to the sectors while longer-term policy, regulatory and market conditions evolve.

The Government will focus on stabilizing Canada’s audio, audiovisual and news sectors while keeping Canadian culture accessible and affordable. To ensure rapid and effective delivery, the funding will be delivered through the following six existing programs and institutions that have proven efficiency and have trusted industry funding tools:

Canada Media Fund,Indigenous Screen Office,Canada Music Fund,Northern Aboriginal Broadcasting,Canada History Fund, andTelefilm Canada.

This new direct funding allocation will support Canada’s creativity, arts and culture by ensuring that:

Canada’s audio and audiovisual sectors become more competitive and resilient;Canadians can continue to consume homegrown content on multiple platforms;A broad range of Canadian music is consumed in Canada and abroad;More Indigenous people work on audiovisual content production and lead such projects and, so that the overall representation of Indigenous peoples in audiovisual media is improved; andCanadians across the country can experience stories that bring Canada’s history to life.

The funding rollout details as well as its administration and implementation are listed in the attached backgrounder.

Partnering organizations and programs will provide more details on their specific funding components as soon as possible.

Quotes

“Strengthening our audio and audiovisual sectors is at the core of protecting Canada’s sovereignty, our culture and our languages. With this crucial support, we will provide direct funding and much-needed stability so that our country’s artists, storytellers, creative entrepreneurs and cultural organizations can continue creating Canadian content that reflects who we are and helps us remain masters of our destiny.”

–Marc Miller, Minister of Canadian Identity and Culture and Minister responsible for Official Languages

Quick Facts

In June, the government announced it would update the directions to the CRTC on regulating online streaming services, with a focus on affordability, and that it would invest $600 million to provide stability and support to Canada’s audio and audiovisual sectors.Canadian culture, including the music, audio and audiovisual sectors, are strategic assets and key economic drivers that directly contributed $69.1 billion to the GDP in 2025 and employed 687,824 people as of March 31, 2026.

Related Products

Budget 2026: Masters of our destiny – Backgrounder: Administration and implementation of $600 Million targeted support for Canada’s audio and audiovisual sectorsGovernment of Canada announces immediate support to strengthen Canadian culture and ensure Canadian content remains affordable

Associated Links

Budget 2026: Masters of our destiny Canada Media Fund Indigenous Screen Office program Canada Music Fund Northern Aboriginal Broadcasting Canada History Fund Telefilm Canada 

Budget 2026: Masters of our destiny – Backgrounder: Administration and implementation of $600 Million targeted support for Canada’s audio and audiovisual sectors

Following the announcement of Budget 2026, the Honourable Marc Miller, Minister of Canadian Identity and Culture and Minister responsible for Official Languages, today announced the funding rollout of the $600 Million investment that will provide stability and direct support to Canada’s audio and audiovisual sectors while longer-term policy, regulatory and market conditions evolve.

The Government will focus on stabilizing Canada’s audio, audiovisual and news sectors while keeping Canadian culture accessible and affordable. It will help sustain public-interest programming, local and community media, official language minority community production, the production and promotion of Canadian and Indigenous content, and the continued operation of services of exceptional importance.
This list provides details of the funding administration and implementation.

This list provides details of the funding administration and implementation.

List of organizations and funding mechanisms that will distribute the funding support

Recipient

Funding allocation description

Funded
amount

Canada Media Fund Corporation

 

 

 

Certified Independent Production Funds, the Broadcasting Accessibility Fund, the Independent Local News Fund and Commercial Radio News Fund, the Community Radio Fund, the Broadcasting Participation Fund and Public Service Media

Canada Media Fund Corporation:

This funding will help sustain Canadian content creation and mitigate the impact of declining private-sector contributions from cable and satellite companies, as well as expected contributions from international streaming platforms. The Canada Media Fund Corporation will rapidly deploy the new funding through enhancements to existing programs and the introduction of new initiatives that will support the entire value chain of the industry: from training, to creation, to production, to promotion, to sector and business development. Priority areas will also include francophone programming, children and youth content, interactive digital media (IDM), distribution and export initiatives. As an independent not-for-profit, the Canada Media Fund Corporation will allocate these funds through its programs based on industry needs.

 

Various independents funds:

Delivered by the Department of Canadian Heritage, this funding will include:

Certified Independent Production Funds such as the Black Screen Office, Canadian Independent Screen Fund, Broadcasting Accessibility Fund, Bell Fund, Independent Production Fund, TELUS Fund, Quebecor Fund, Shaw Rocket Fund, Vox Fund and M.É.D.I.A Fund. These will support diverse, accessible and inclusive content and official languages minorities communities;

The Independent Local News Fund and Commercial Radio News Fund will sustain independent local television and commercial radio news, through the Canadian Association of Broadcasters; the Community Radio Fund will strengthen community radio through operational support and sector development;

Together, these investments will extend supported activities beyond content production to address priorities across the broader broadcasting ecosystem, including diversity and accessibility, local news, community radio and public participation in the broadcasting system; The Public Service Media component will be used to deliver additional support to Services of Exceptional Importance, such as the Canadian Public Affairs Channel, Aboriginal Peoples Television Network and TV5 Québec Canada. Funding will ensure the continued operation of these services through support for technology modernization, infrastructure renewal, digital transformation, programming, production, discoverability, accessibility and preservation. This funding would serve as a bridge toward the implementation of a Services of Exceptional Importance Fund.

Certified Independent Production Funds: $44M

Independent Local News Fund: $80M

Commercial Radio News Fund: $11.5M

Community Radio Fund: $7.5M

Services of exceptional importance: $42.1M

$213.4 million

 

 

 

$185.1 million

Indigenous Screen Office

The Indigenous Screen Office will support the Indigenous audiovisual sector and for the production, promotion and discoverability of Indigenous audiovisual content in Canada and abroad. The funding will help grow Indigenous content creation, support the development of this sector and increase international collaborations between Indigenous creators from Canada and abroad. The Indigenous Screen Office corporation, as an Indigenous-led and independent third party, will allocate funding through its programs based on industry needs.

$51 million

Canada Music Fund

Canadian Heritage’s Canada Music Fund will provide support for the production and promotion of Canadian and Indigenous music. This funding will be further distributed by the Canada Music Fund’s two current initial recipients, the Foundation Assisting Canadian Talent on Recordings (FACTOR) and Fondation Musicaction (Musicaction) and three new initial recipients: the Canadian Starmaker Fund, Fonds RadioStar, and the Indigenous Music Office (IMO).

FACTOR: $31.5M

Musicaction: $21.0M

Canadian Starmaker Fund: $5.7M

Fonds RadioStar : $3.8M

IMO : $5.0M

$67 million

Northern Aboriginal Broadcasting

Canadian Heritage will fund culturally relevant Indigenous radio and television content through its Northern Aboriginal Broadcasting program. The funding will benefit Indigenous broadcasters to continue preserving, promoting and revitalizing Indigenous languages and provide platforms for Indigenous audiences to discuss issues important to their communities.

$10 million

Canada History Fund

Through the Canada History Fund, Canadian Heritage will provide funding to support audiovisual programming and related costs.

Up to $5 million

Telefilm Canada

Telefilm Canada will allocate its funding to support the sustainability and growth of the audiovisual industry, as well as the competitiveness and international reach of Canadian and Indigenous feature films, with an audience-driven approach. As a Crown corporation, Telefilm Canada will receive funding through parliamentary appropriations.

$68.5 million

Total targeted support to Canada’s audio and audiovisual sectors in 2026-2027

$600 million

Note: In June, the government announced it would update the directions to the CRTC on regulating online streaming services, with a focus on affordability.

SOURCE Canadian Heritage

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Technology

KeyStone Solutions Wins 2026 MSP 501 Vanguard Award for Innovation

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4 hours ago

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November 8, 2026

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KeyStone Solutions, a managed IT and cybersecurity provider based in Cleveland, Tennessee, has won the 2026 MSP 501 Vanguard Award from Channel Partners and MSP Summit. The award recognizes managed service providers at the forefront of technology and service innovation.

CLEVELAND, Nov. 8, 2026 /PRNewswire-PRWeb/ — KeyStone Solutions, LLC has won the 2026 MSP 501 Vanguard Award from Channel Partners and MSP Summit. The award was presented Sept. 30 at the MSP 501 Gala during the MSP Summit in Orlando, Fla.

“Our team has done tremendous work over the last year to modernize and automate our service delivery.” Preston West, CEO, KeyStone Solutions

The MSP 501 Special Awards are application-based. A panel of industry leaders, including top global MSPs, analysts and past award recipients, judges each entry.

The Vanguard Award goes to a company at the forefront of technology and service innovation in the managed services channel, including AI, cybersecurity and cloud. Winners use original thinking to meet clients’ needs and to drive their own financial success.

“We are honored to be recognized. Our team has done tremendous work over the last year to modernize and automate our service delivery. I couldn’t be prouder of their hard work and their focus on the customer experience,” said Preston West, CEO of KeyStone Solutions.

“To qualify for the Vanguard award, companies had to document what they have done in terms of innovative and original thinking in meeting clients’ needs and how this has contributed to the company’s overall financial success,” said Dave Raffo, MSP 501 editor who oversees the awards process. “These are among the most innovative MSPs in the world.”

“The MSP 501 Special Awards represent the pinnacle of achievement in the managed services industry, recognizing organizations and individuals who have demonstrated extraordinary leadership, innovation, and impact,” said Robert DeMarzo, VP Content, Informa Channels, which conducts the MSP 501 survey each year.

About KeyStone Solutions, LLC

KeyStone Solutions is a managed IT and cybersecurity company based in Cleveland, Tennessee. Since 2006, KeyStone has worked as the IT department for hundreds of small and mid-sized businesses, with customers headquartered in 15 states. Its ITTaaS® (IT Team as a Service) offering delivers help desk support and cybersecurity, with optional vCISO and GRC services, and the company now provides AI services. KeyStone holds a SOC 2 Type II report and is a Microsoft 365 Solutions Partner. Learn more at keystone.solutions.

About Channel Partners, MSP Summit and the MSP 501

Channel Partners Conference & Expo and MSP Summit serve the global community of technology advisors, managed service providers, channel partners and technology suppliers, and run the MSP 501, which honors the world’s top-performing managed service providers. Learn more at themspsummit.com.

Media Contact

Richard King, KeyStone Solutions, 1 4234646424, rking@keystone.solutions, www.keystone.solutions

Dave Raffo, Informa, david.raffo@informa.com, informa.com

View original content:https://www.prweb.com/releases/keystone-solutions-wins-2026-msp-501-vanguard-award-for-innovation-302932350.html

SOURCE KeyStone Solutions

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Technology

Putting Young Innovators Center Stage: Leaders In Future Tech+ Wraps with ¥526 Million in Investment Intentions and 31 Enterprise Landings

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9 hours ago

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November 8, 2026

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NANJING, China, Nov. 8, 2026 /PRNewswire/ — On November 7, the grand finale of Leaders In Future Tech+ — a documentary sci-tech innovation program jointly produced by China Media Group, the Ministry of Education, and the Nanjing Municipal People’s Government — aired as the Youth Innovation Carnival.

Since its October 3 premiere, the program traveled to 10 cities across China, selecting 100 teams of young innovators with an average age of just 28 from nearly 500 applicants. Fifteen finalists advanced to the finale, presenting breakthroughs spanning AI chips, optical interconnect, biomedicine, smart agriculture, and more.

To date, the program has facilitated ¥526 million in investment intentions covering 34 participating enterprises, and helped 31 companies reach landing agreements with 11 districts and counties of Nanjing.

At the carnival, the “Leaders In Future Tech+ Little Giant Transformation Plan” was launched, with 13 enterprises selected in the first batch to receive a five-module service system guiding them toward specialized, high-end development.

Behind these numbers is a media-driven innovation model: closed-door investment meetings were turned into open, transparent dialogues, connecting young innovators directly with venture capital firms, academicians, industry experts, and local governments — with the focus not on short-term commercial maturity, but on long-term growth potential.

The finale also showed how technology serves everyday life: non-invasive brain-computer interface demonstrations, low-cost bone-repair materials, and ultra-low-cost fresh-keeping cards that reduce agricultural loss — each a footnote to innovation with human warmth.

With Season One concluded, Season Two recruitment is now open to innovation teams nationwide via China Media Group’s official channels and the Yangshipin app (CMG Mobile). As the program’s message goes: put young innovators at center stage — and hand the future to innovation.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/putting-young-innovators-center-stage-leaders-in-future-tech-wraps-with-526-million-in-investment-intentions-and-31-enterprise-landings-302932710.html

SOURCE China Media Group

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