Cooper Standard Second Quarter Gross Profit Ramps Higher; Further Margin Expansion Expected in Second Half of the Year

NORTHVILLE, Mich., Aug. 1, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the second quarter 2024. Second Quarter 2024 Summary Gross profit totaled $82.9 million, an increase of 6.7$76.2 million, or $(4.34) per diluted share, was negatively impacted by a one-time non-cash pension settlement charge and restructuring expense Adjusted net loss of$11.3 million, or $(0.64) per diluted share, improved by 43.5% vs. the second ...