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Stock impact report

Cooper Standard Reports Continuing Year-over-year Margin Improvement in First Quarter 2024, Sees Upside to Full-year Guidance [Yahoo! Finance]

Cooper-Standard Holdings Inc. (CPS) 
Last cooper-standard holdings inc. earnings: 2/24 06:47 pm Check Earnings Report
US:NYSE Investor Relations: ir.cooperstandard.com/investor-relations
Company Research Source: Yahoo! Finance
First Quarter 2024 Summary Gross profit totaled $61.6 million , an increase of 47.4% compared to first quarter 2023 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 per diluted share, reflected an improvement of $98.7 million vs. the first quarter 2023 Adjusted EBITDA of $29.3 million reflected an increase of $16.9 million vs. the first quarter of 2023 New product-based segmentation and management structure expected to drive further operational improvements, optimize asset and resource allocation and accelerate value creation "Our first quarter operational improvements and margin expansion set a solid foundation for a strong 2024," said Jeffrey Edwards , chairman and CEO, Cooper Standard. "Going forward, through our new product line-based management structure, we expect to aggressively pursue further cost structure optimization, leverage commercial opportunities to accelerate growth and en Show less Read more
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