CALGARY, Alberta, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) announces the completion of two financing initiatives in support of the ongoing process to advance project financing of the Company’s pattern solar glass manufacturing facility in Selkirk, Manitoba and Company’s plans for a US pattern solar glass manufacturing facility. Two of the Company’s largest shareholders in addition to all board members and management that hold common share purchase wa ...

NORTHVILLE, Mich., Dec. 5, 2024 /PRNewswire/ -- For the sixth consecutive year, Cooper Standard (NYSE: CPS) earned a spot on Newsweek's annual list of America's Most Responsible Companies. The 2025 rankings were conducted by Newsweek and Statista Inc., a world-leading statistics portal and industry ranking provider. Cooper Standard has been included on the list of most responsible companies in the United States since the list's inception six years ago.The final list, which can be viewed on Newsweek's websit ...

Vancouver, British Columbia--(Newsfile Corp. - November 20, 2024) - Copper Standard Resources Inc. (CSE: CSR) ("Copper Standard") and Pucara Gold Ltd. (TSXV: TORO) ("Pucara") are pleased to announce the successful completion of the previously announced transaction pursuant to which Copper Standard acquired all of the issued and outstanding common shares of Pucara (the "Pucara Shares"), not previously owned by Copper Standard, by way of a court-approved plan of arrangement (the "Arrangement"). Pursuant to t ...

NORTHVILLE, Mich., Nov. 7, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) has further expanded its portfolio of sustainable innovations with a revolutionary new vehicle body seal. The Company's FlexiCore™ Thermoplastic Body Seal provides a groundbreaking way to seal a doorframe to the vehicle body by replacing traditional metal carriers with a more eco-friendly, fully recyclable lightweight plastic alternative without compromising performance. Cooper Standard expands sustainability portfolio with Flex ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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.’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 ...

Financial Performance - Sales for the three months ended September 30, 2024 were $685.4 million, compared to $736.0 million for the same period in 2023[13] - Gross profit for the three months ended September 30, 2024 was $76.3 million, with a margin of 11.1%, compared to $106.5 million and a margin of 14.5% for the same period in 2023[13] - Adjusted EBITDA for the three months ended September 30, 2024 was $46.1 million, with a margin of 6.7%, compared to $79.1 million and a margin of 10.7% for the same period in 2023[13] - Net loss for the three months ended September 30, 2024 was $11.1 million, or $(0.63) per share, compared to a net income of $11.4 million, or $0.65 per share for the same period in 2023[13] - Capital expenditures for the three months ended September 30, 2024 were $10.9 million, or 1.6% of sales, compared to $16.4 million, or 2.2% of sales for the same period in 2023[13] - The company achieved $64 million in cost savings year-to-date in 2024, including $50 million from manufacturing/purchasing lean initiatives and $14 million from restructuring actions[26] Strategic Initiatives and Outlook - The company expects $20 - $25 million in cost savings in 2024 from restructuring actions, with full annualized cost savings of $40 - $45 million expected in 2025[26] - The company's full year 2024 updated guidance includes sales of $2.70 - $2.75 billion and adjusted EBITDA of $180 - $195 million[28] - Capital expenditures for full year 2024 are projected to be $45 - $50 million[28]

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 ...

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 ...

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 ...