Cooper Standard(CPS)

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Cooper-Standard Misses on Q3 Earnings, Reduces '24 Sales Outlook
ZACKS· 2024-11-01 17:51
Cooper-Standard Holdings Inc.’s (CPS) third-quarter 2024 results reflect the negative impacts of industry-wide pressures and operational headwinds, which weighed on its financial performance. With persistent inflationary trends and foreign exchange hurdles, the company grappled with softer vehicle production levels, influencing its sales and profitability metrics.Despite these obstacles, Cooper-Standard has been focused on cost-saving initiatives and is making strides in securing new contracts, particularly ...
Cooper Standard(CPS) - 2024 Q3 - Earnings Call Presentation
2024-11-01 16:13
| --- | --- | |---------------------------------------------------|-------| | | | | Creating Sustainable Solutions | | | Third Quarter 2024 Earnings Presentation TOGETHER | | | November 1, 2024 | | Agenda 1. Introduction Roger Hendriksen | Director, Investor Relations c | --- | --- | |-------|----------------------------------------------------------------------------| | | | | | Third Quarter Summary Jeff Edwards \| Chairman and Chief Executive Officer | | | Financial Overview Jon Banas \| Executive VP and ...
Cooper Standard(CPS) - 2024 Q3 - Quarterly Results
2024-11-01 11:01
Cooper Standard Reports Third Quarter Results; Continuing Lean Initiatives Delivering Cost Savings as Planned NORTHVILLE, Mich., October 31, 2024 -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2024. Third Quarter 2024 Summary • Savings of $24.5 million realized from lean operations and cost initiatives • Net loss of $11.1 million, or $(0.63) per diluted share • Adjusted net loss of $12.0 million, or $(0.68) per diluted share • Adjusted EBITDA of $46.1 million, or 6 ...
Cooper Standard Reports Third Quarter Results; Continuing Lean Initiatives Delivering Cost Savings as Planned
Prnewswire· 2024-10-31 20:30
NORTHVILLE, Mich., Oct. 31, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2024.Third Quarter 2024 Summary Savings of $24.5 million realized from lean operations and cost initiatives Net loss of $11.1 million, or $(0.63) per diluted share Adjusted net loss of $12.0 million, or $(0.68) per diluted share Adjusted EBITDA of $46.1 million, or 6.7% of sales Net new business awards totaled $44.0 million"Our intense focus on lean initiatives and operatin ...
Cooper Standard to Discuss Third Quarter 2024 Results, Provides Details for Management Conference Call
Prnewswire· 2024-10-15 12:30
NORTHVILLE, Mich., Oct. 15, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the third quarter 2024 on Thursday, October 31 after market close. The Company's earnings results will be posted to the Cooper Standard website (https://ir.cooperstandard.com/) once released. Cooper Standard will host a conference call on Friday, November 1 at 9 a.m. ET. The Company's Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan ...
Cooper Standard: Sealing Value With Strong Fundamentals And Attractive Valuation
Seeking Alpha· 2024-10-12 10:36
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...
Canadian Premium Sand Inc. Announces Approval of Warrant Extension
GlobeNewswire News Room· 2024-08-30 23:00
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA CALGARY, Alberta, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. ("CPS" or the "Company") (TSXV: CPS) is pleased to announce that further to its August 23, 2024 news release its application to extend the expiry date of an aggregate of 26,494,908 warrants (the "Warrants") to purchase an aggregate of 26,494,908 common shares ("Common Shares") of the Company has been approved by TSX Venture Exchang ...
Two Cooper Standard Innovations Named 2025 Automotive News PACE Pilot Award Finalists
Prnewswire· 2024-08-27 12:30
NORTHVILLE, Mich., Aug. 27, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) has been recognized as a 2025 Automotive News PACE Pilot Award finalist for two technologies – its eCoFlowTM Switch Pump and its FlexiCore™ Thermoplastic Body Door Seal. These innovations are two of 23 technologies recently named finalists in an annual competition that identifies and celebrates the latest game-changing innovations. Cooper Standard has been recognized as a 2025 Automotive News PACE Pilot Award finalist for two techn ...
Canadian Premium Sand Inc. Announces Extension of Warrants
GlobeNewswire News Room· 2024-08-23 23:00
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA CALGARY, Alberta, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. ("CPS" or the "Company") (TSXV: CPS) is pleased to announce that it intends to extend the expiry date of an aggregate of 26,494,908 warrants (the "Warrants") to purchase an aggregate of 26,494,908 common shares ("Common Shares") of the Company. The Warrants were issued pursuant to a private placement unit offering that closed Augus ...
Cooper Standard(CPS) - 2024 Q2 - Earnings Call Transcript
2024-08-03 17:53
Cooper-Standard Holdings Inc. (NYSE:CPS) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Roger Hendriksen - Director, Investor Relations Jeffrey Edwards - Chairman and Chief Executive Officer Jonathan Banas - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Ward - Freedom Capital Kirk Ludtke - Imperial Capital Brian DiRubbio - Baird Ben Briggs - StoneX Financial, Inc. Operator Good morning, ladies and gentlemen, and welcome to the Coop ...