during and Matt company. as quarter, the well performance going good for as our the Thanks morning exciting discuss everyone. are This we to some news morning,
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first to personally will were respond have quarter Stoneridge as to I dedication their position period. our thank our we progress outlined Page-X. want to the a to allowed we continue them On the to conditions during around support employees company customers. to company and growth. world call, for challenging current I market and Our us several this now to actions begin future make for on taking
quarter, second actions, despite significant operating the we executed During in strong those headwinds. resulting on revenue performance
things with We continue approximately controlling the factors. to our XX%. In margins to XX% can to of responding quarter, first quarter, operating a focus relative effectively our despite on efficiently expectations we the and detrimental and that in adjusted in line second revenue, the remain reduction external
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programs. several morning, to exciting updates related X. This Turning to have Page our MirrorEye we
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their quarter, we expand into able installations. customers moved have been As have our third the to
plan have end the approximately quarter the In retrofit approximately two on per X,XXX XX today. by of fleets of larger program. another installations units three trucks we of the total, completed are roll-off as a We installations the our expanding with part represent and fleet have road
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our ultimately, system go option We trucks the the customers, third end to more our fleets. orders understand installation continue pre-wire make available fleet partners, expect in already and DTNA from of quarter. and to that look reduce for one has production broadly ways the for to to into existing received times those the We
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years, system programs. of in Over the launch half next which three of $XXX to annually, approximately we to programs over resulting existing information is revenue incremental million expect driver our
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pre-wire of that business for American Our additional discussed. do $XXX awards. largest total MirrorEye These additional launch In not will the will our annual at next potential global as revenue represent of total, program, and as years. million North include launch three programs the rates, awards smaller backlog piece well the These of dollars over $XXX take peak million aforementioned comprised retrofit programs over representing including program, I of million XXXX. just $XX the in almost modest five next years, the a incremental revenue MirrorEye just revenue as
resources on progress launches We technology executing accelerating and these our program will areas. continue these to in focus
retrofit our resources sheet maintain Turning impacting drive growth to and our opportunities. balance executed without MirrorEye We Page pre-wire quarter, plan of and a XX. the our growth significantly to limit second revenue to focus the future expanded our In continue to impact in during we summary, of activities strong reduced on company. the profitable
and continue efficiently execute effectively will changing respond the the things We on that macroeconomic environment. can to we to control and
underlying turn over long-term the that, results robust financial Our With Bob remains discuss our to well-positioned detail. we strategy more outperform in to I'll remain it to and markets.
