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Improved Cash Flow Highlights Cooper Standard's Fourth Quarter and Full Year 2023 Results
CPSCooper Standard(CPS) Prnewswire·2024-02-15 21:30

NORTHVILLE, Mich., Feb. 15, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2023. Fourth Quarter 2023 Summary Sales totaled 673.6million,anincreaseof3.7673.6 million, an increase of 3.7% compared to fourth quarter 2022 Gross profit totaled 64.7 million, an increase of 19.1% compared to fourth quarter 2022 Net loss of 55.2million,or55.2 million, or (3.16) per diluted share, reflected an improvement of 32.9millionvs.thefourthquarter2022AdjustedEBITDAtotaled32.9 million vs. the fourth quarter 2022 Adjusted EBITDA totaled 27. ...