CALGARY, Alberta, April 22, 2025 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) announces the grant of share options (“Options”) to acquire common shares (“Common Shares”) under its omnibus equity incentive compensation plan (the “Plan”). The Company granted 75,000 Options to the Company’s Chief Financial Officer. The Options are exercisable at $0.23 per Common Share and expire April 21, 2030. As of the date hereof, there are 92,627,156 Common Shares issued and outstandi ...

NORTHVILLE, Mich., April 16, 2025 /PRNewswire/ -- General Motors presented Cooper Standard (NYSE: CPS) with a 2024 Supplier of the Year Award at GM's 33rd annual Supplier of the Year event in Phoenix, Arizona. This is the eighth consecutive time Cooper Standard has received the award. "We are honored to receive recognition from General Motors once again as it reflects our unwavering commitment to providing world-class service and exceptional quality that supports the evolving needs of the mobility industry, ...

Financial Results Announcement - Cooper-Standard Holdings Inc. is set to release its financial results for the first quarter of 2025 on May 1 after market close [1] - The earnings results will be available on the Cooper Standard website once released [1] Conference Call Details - A conference call will be hosted on May 2 at 9 a.m. ET, featuring Chairman and CEO Jeffrey Edwards and CFO Jonathan Banas [2] - The call will cover financial results, a general business update, and a Q&A session for investors [2] - Investors can access the call via an online, real-time webcast [2] Participation Information - U.S. and Canadian callers can join the call toll-free at 800-836-8184, while international callers can dial 646-357-8785 [3] - Participants are advised to dial in at least five minutes prior to the start of the call [3] Webcast Replay - A replay of the webcast will be available shortly after the live event on the investors' section of the Cooper Standard website [4] Company Overview - Cooper Standard is headquartered in Northville, Michigan, and operates in 20 countries as a leading global supplier of sealing and fluid handling systems [5] - The company employs over 22,000 team members and focuses on innovative and sustainable engineered solutions for various markets [5]

CALGARY, Alberta, April 09, 2025 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce an updated Inferred Mineral Resource Report (the “2025 Technical Report”) has been completed for the Company’s Wanipigow Sand Project (the “Sand Project”) by APEX Geoscience Ltd., with an effective date of April 09, 2025. The 2025 Technical Report incorporates the results of additional sampling, processing and testing along with glass melt testing made possible through ...

I am a UK-based long-only investor with a strategy which revolves around finding companies which can be multi-baggers over a 5-10 year time horizon, though, as a great man once said, my favourite holding period is forever. I am looking for companies that have a high probability of substantial revenue and earnings growth which is not fully appreciated in current market prices. I rarely take positions in stocks which are GAAP unprofitable, and if I do it will only be a small position. I am sector agnostic, th ...

Core Viewpoint - Cooper-Standard Holdings Inc. experienced a significant decline in stock price following its fourth-quarter 2024 earnings report, with a 9.3% drop compared to a slight gain in the S&P 500 index [1] Revenue & Earnings Performance - The company reported an adjusted loss per diluted share of 16 cents for Q4 2024, an improvement from a loss of $1.79 in the same quarter last year [2] - Revenues for Q4 2024 were $660.8 million, reflecting a 1.9% decrease from the previous year, primarily due to unfavorable foreign exchange movements, customer price adjustments, and lower production volumes [2] Key Business Metrics - Sealing Systems division revenues were $350.4 million, slightly down from $351.6 million year-over-year, impacted by adverse foreign exchange effects [3] - Fluid Handling Systems segment revenues fell 3.5% year-over-year to $294.8 million, down from $305.4 million, due to lower production volumes and price adjustments [3] Profitability Improvement - Adjusted EBITDA for Sealing Systems increased by 47.1% to $40.2 million from $27.3 million a year earlier, driven by cost efficiencies and restructuring savings [4] - Fluid Handling Systems saw a 74.7% increase in adjusted EBITDA to $27.3 million from $15.6 million, benefiting from cost optimization and operational efficiencies [4] - Overall adjusted EBITDA more than doubled to $54.3 million, or 8.2% of sales, from $27.6 million in the prior-year quarter, aided by manufacturing efficiencies and lower raw material costs [5] Cash Position - As of December 31, 2024, the company held $170 million in cash and cash equivalents, with total liquidity of $339.2 million [6][16] - Cash provided by operating activities in Q4 was $74.7 million, with free cash flow totaling $63.2 million, slightly above $62.1 million in Q4 2023 [7] Operational Efficiency & Cost Savings - The company achieved $76 million in savings from manufacturing and purchasing improvements, along with $24 million in restructuring-related cost reductions [9] - Despite lower cash generation in 2024, management stated that the company has sufficient financial resources to support ongoing operations and meet debt obligations [8][16] Management Commentary - CEO Jeffrey Edwards highlighted the new organizational structure implemented at the start of 2024 as key to driving efficiencies and cost reductions, with $181.4 million in net new business awards, including $105.8 million on electric vehicle platforms [11] Guidance & Industry Outlook - For 2025, Cooper Standard expects revenues between $2.7 billion and $2.8 billion, with adjusted EBITDA projected to be $200-$235 million [13] - The company anticipates a slight decline in global light vehicle production in 2025, particularly in North America and Europe, and plans to focus on lean initiatives and higher-margin business launches [14] Other Developments - The company recorded gains from asset sales, including a facility in Canada and divestitures of non-core businesses, positively impacting its bottom line and liquidity [15] Conclusion - Cooper Standard delivered a strong fourth-quarter performance with a return to profitability, margin expansion, and effective cost-saving execution, while remaining focused on operational efficiency and strategic business wins for 2025 [17]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36127 COOPER-STANDARD HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 20-1945088 (State or other jurisd ...

Cooper-Standard Holdings Inc. (NYSE:CPS) Q4 2024 Earnings Conference Call February 14, 2025 9:00 AM ET Company Participants Roger Hendriksen – Director, Investor Relations Jeff Edwards – Chairman and Chief Executive Officer Jon Banas – Executive Vice President and Chief Financial Officer Conference Call Participants Kirk Ludtke – Imperial Capital Michael Ward – Freedom Capital Brian DiRubbio – Baird Ben Briggs – Sonic Financial Kirk Ludtke – Imperial Capital Operator Good morning, ladies and gentlemen, and ...

Creating Sustainable Solutions TOGETHER Strategic Overview and Outlook Jeff Edwards Q & A 2 Fourth Quarter and Full Year 2024 Earnings Presentation February 14, 2025 Agenda Introduction Roger Hendriksen | Director, Investor Relations 2024 Year in Review Jeff Edwards | Chairman and Chief Executive Officer Financial Overview Jon Banas | Executive VP and Chief Financial Officer Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of U.S. federal securities laws, ...

Financial Performance - Sales for Q4 2024 totaled $660.8 million, a decrease of 1.9% compared to Q4 2023[6] - Operating income for Q4 2024 was $31.7 million, an increase of $36.2 million from Q4 2023[6] - Net income for Q4 2024 was $40.2 million, or $2.24 per diluted share, reflecting an improvement of $95.4 million from Q4 2023[6] - Adjusted EBITDA for Q4 2024 was $54.3 million, representing 8.2% of sales[6] - For the full year 2024, sales totaled $2.73 billion, a decrease of 3.0% compared to 2023[6] - Gross profit increased to $82.0 million in Q4 2024, up 26.7% from $64.7 million in Q4 2023[30] - Operating income for the year ended December 31, 2024, was $69.8 million, compared to $46.0 million in 2023, reflecting a significant improvement[30] - Net income attributable to Cooper-Standard was $40.2 million in Q4 2024, a recovery from a loss of $55.2 million in Q4 2023[30] - Adjusted EBITDA for 2024 was $180,689, compared to $167,076 in 2023, reflecting a year-over-year increase of approximately 8.9%[40] - The adjusted EBITDA margin improved to 6.6% in 2024 from 5.9% in 2023, indicating enhanced operational efficiency[40] Cash Flow and Liquidity - Cash provided by operating activities in Q4 2024 was $74.7 million, with free cash flow of $63.2 million[11] - Total liquidity at year-end 2024 was $339.2 million, including cash and cash equivalents of $170.0 million[13] - The company generated net cash provided by operating activities of $76,369 in 2024, compared to $117,277 in 2023, showing a decline of approximately 34.9%[35] - Cash and cash equivalents increased to $170.0 million in 2024 from $154.8 million in 2023, indicating improved cash flow management[32] - The company ended 2024 with cash, cash equivalents, and restricted cash totaling $178,697, up from $163,061 at the end of 2023[35] - Net cash used in investing activities was $45,120 in 2024, a decrease from $64,968 in 2023, reflecting improved cash management[35] Business Awards and Future Guidance - The company received total net new business awards of $181.4 million in 2024, including $105.8 million related to electric vehicle platforms[15] - The company expects improved financial results in 2025, with initial guidance for sales between $2.7 billion and $2.8 billion[19] - Adjusted EBITDA guidance for 2025 is projected to be between $200 million and $235 million[19] Assets and Liabilities - Total current assets decreased to $805.3 million in 2024 from $900.6 million in 2023, indicating a reduction in liquidity[32] - Total liabilities decreased to $1.87 billion in 2024 from $1.96 billion in 2023, showing a reduction in financial obligations[32] - The company’s total equity showed a deficit of $133.4 million in 2024, worsening from a deficit of $89.7 million in 2023[32] Earnings and Charges - The company reported a basic income per share of $2.28 in Q4 2024, compared to a loss of $3.16 per share in Q4 2023[30] - The company experienced restructuring charges of $23.6 million for the year ended December 31, 2024, compared to $18.0 million in 2023[30] - The company incurred pension settlement and curtailment charges of $44,553 in 2024, compared to $16,035 in 2023, indicating a significant increase[35] - Restructuring charges for the year ended December 31, 2024, totaled $23.601 million, compared to $18.018 million in 2023[43] - Non-cash impairment charges in 2024 were related to idle assets in Asia Pacific, while 2023 charges were related to assets in Europe and Asia Pacific[43] - The deferred tax valuation allowance reversal in 2024 was $41.507 million, with no such reversal in 2023[43] Capital Expenditures - Capital expenditures decreased to $50,498 in 2024 from $80,743 in 2023, a reduction of about 37.4%[35] - Capital expenditures for Q4 2024 were $11.484 million, down from $17.559 million in Q4 2023[45]