Why Cooper-Standard Holdings Stock Plunged Today [Yahoo! Finance]
Cooper-Standard Holdings Inc. (CPS)
Last cooper-standard holdings inc. earnings: 2/24 06:47 pm
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US:NYSE Investor Relations:
ir.cooperstandard.com/investor-relations
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Source: Yahoo! Finance
Cooper Standard grew despite headwinds For 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 the bottom line, Cooper Standard delivered adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $27.6 million, or roughly 4.1% of revenue. Cooper Standard's top-line growth was held back by both inflationary pressure and lost production volume related to work stoppages associated with the United Auto Workers union's strike, as well as the divestiture of non-core businesses over the past year. Still, Cooper Standard Chairman and CEO Jeffrey Edwards lauded making "strong improvements as a company in 2023," thanking employees for their hard work and customers for "continued trust and support." Wh
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News
- Cooper Standard Named a 2023 Supplier of the Year by General Motors [Yahoo! Finance]Yahoo! Finance
- Cooper Standard Named a 2023 Supplier of the Year by General MotorsPR Newswire
- Cooper-Standard Holdings Inc. (NYSE: CPS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Global Automotive Rubber Molded Components Market to Reach $56.08 Billion by 2028: Increased Emphasis on Fuel Efficiency and Vehicle Safety [Yahoo! Finance]Yahoo! Finance
- Cooper Standard Announces Date for Release of First Quarter 2024 Results, Provides Details for Management Conference CallPR Newswire
CPS
Sec Filings
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- 3/5/24 - Form 4/A
- CPS's page on the SEC website