secwatch.observer — SEC 8-K summary
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Issuer:     Cooper-Standard Holdings Inc. (CPS)
CIK:        0001320461
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001320461-21-000126
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cooper-Standard Q3 sales $526.7M, net loss $123.2M; guides FY 2021 sales $2.30–$2.34B
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- Net loss of $123.2M ($7.20 diluted loss); adjusted net loss of $106.4M ($6.23 adjusted EPS loss).
- Sales of $526.7M, down 23% YoY from $683.2M, driven by semiconductor-related customer schedule reductions.
- Adjusted EBITDA of negative $33.9M vs positive $64.1M a year ago, including $11.2M credit loss on accounts receivable.
- Full-year 2021 guidance: sales $2.30–$2.34B, adjusted EBITDA $(25)–$(10)M, capex ~$100M.
- Electric vehicle platform new business awards of $30M in Q3; Fortrex licensing deal signed post-quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320461/000132046121000126/0001320461-21-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320461/000132046121000126/cps-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001320461-21-000126

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