The research report highlights several key factors that could drive Cooper-Standard's growth. The transition to a product line management structure is expected to streamline operations and improve profitability. This restructuring is anticipated to save $20-$25 million in 2024 and $40-$45 million annually from 2025, driving the EBITDA margin to double digits by the end of 2025. Zacks Investment Research has initiated the coverage of Cooper-Standard Holdings Inc. (CPS) , assigning a "Neutral" recommendation ...

Information used to compute basic and diluted net loss per share attributable to Cooper-Standard Holdings Inc. was as follows: Changes in accumulated other comprehensive loss by component, net of related tax, were as follows: 19 13. Common Stock The Company is periodically involved in claims, litigation and various legal matters that arise in the ordinary course of business. The Company accrues for litigation exposure when it is probable that future costs will be incurred and such costs can be reasonably es ...

Cooper-Standard Holdings Inc. (NYSE:CPS) Q1 2024 Earnings Conference Call May 7, 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 Ben Briggs - Sonic Financial, Inc. Brian DiRubbio - Baird Operator Good morning, ladies and gentlemen and welcome to the Cooper-Sta ...

1 NORTHVILLE, Mich., May 6, 2024 -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the first quarter 2024. • Operating income of $3.5 million reflected an increase of $17.9 million vs. the first quarter of 2023 • Net loss of $31.7 million, or $(1.81) per diluted share, reflected an improvement of $98.7 million vs. the first quarter 2023 "Our first quarter operational improvements and margin expansion set a solid foundation for a strong 2024," said Jeffrey Edwards, chairman and CEO, Coo ...

NORTHVILLE, Mich., April 29, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) is pleased to announce that it has been recognized as a General Motors 2023 Supplier of the Year. GM celebrated honorees at its 32nd annual Supplier of the Year event in Aventura, Florida earlier this month. GM's Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM's requirements, in turn providing customers with innovative technologies and the highest quality in the automotive industr ...

NORTHVILLE, Mich., April 17, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the first quarter 2024 on Monday, May 6 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 Tuesday, May 7 at 9 a.m. ET. The Company's Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan Banas will ...

NORTHVILLE, Mich., April 3, 2024 /PRNewswire/ -- As the electric vehicle (EV) market continues to evolve, automakers remain focused on improving vehicle driving range to help address consumer adoption. Key enablers to improving range include both lightweighting of components as well as improving overall thermal management system efficiency. Highlighting how Cooper Standard (NYSE: CPS) is addressing the evolving thermal management needs of the automotive industry, Dr. Brian J. Cardwell, senior director of ad ...

igoriss On Friday, the share price of (NYSE:CPS) fell around 26% due to missed market expectations. It is down 24% since my last report. I was bullish on CPS, and I still am bullish on it. I think the fall could be a good opportunity, and I will discuss the reasons behind me saying this. I stay with my buy rating. Financial Analysis It recently posted its Q4 FY23 & FY23 results. The sales for Q4 FY23 were $673.6 million, a rise of 3.7% compared to Q4 FY22. Strong sales growth in South America and Europe ...

Shares of Cooper-Standard (CPS -26.25%) fell 26.1% on Friday after the sealing and fluid-handling systems company announced disappointing quarterly results.Cooper Standard grew despite headwindsFor its fourth-quarter 2023, Cooper Standard's revenue grew 3.7% year over year to $673.6 million, translating to an adjusted (non-GAAP) net loss of $31.1 million, or $1.79 per share. By comparison, most analysts expected a much narrower net loss of $0.79 per share on revenue closer to $693 million.Trending toward th ...

Cooper-Standard Holdings Inc. (NYSE:CPS) Q4 2023 Earnings Conference Call February 16, 2024 9:00 AM ET Company Participants Roger Hendriksen - Director of 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 Ben Briggs - Sonic Financial, Inc. Brian DiRubbio - Baird Zohair Azmi - Beach Point Capital Operator Good morning, ladies and gen ...