secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cooper-Standard Holdings Inc. (CPS)
CIK:        0001320461
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001320461-22-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cooper Standard Q1 sales $613M, net loss $61.4M; adjusted EBITDA nearly zero
----------------------------------------------------------------------------

- Net loss of $61.4M ($3.58 diluted loss); adjusted net loss $51.4M ($3.00 adjusted loss).
- Sales of $613M, down 8.4% YoY from $669M on weak light vehicle production and unfavorable FX.
- Adjusted EBITDA of $0.1M vs $38.5M in Q1 2021; hit by higher commodity costs and inflation.
- Expanded index-based agreements cover >60% of revenue to recover material cost inflation.
- Cash $253M, total liquidity $396M; expects $52M in tax refunds from CARES Act in Q2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320461/000132046122000058/0001320461-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320461/000132046122000058/cps-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001320461-22-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer