secwatch.observer — SEC 8-K summary
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Issuer:     Cooper-Standard Holdings Inc. (CPS)
CIK:        0001320461
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001320461-22-000114
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cooper-Standard Q3 sales up 24.8% to $657M, net loss narrows; cuts FY2022 guidance and flags refinancing risk
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- Q3 2022 sales $657.2M (+24.8% YoY); net loss narrowed to $32.7M ($1.90/sh) from $123.2M ($7.20/sh) YoY.
- Adjusted EBITDA improved to $20.5M from negative $33.9M in Q3 2021; margin up ~950 bps.
- Full-year 2022 guidance lowered: sales $2.45-$2.55B (prev $2.5-$2.7B), Adj. EBITDA $45-$50M (prev $50-$60M).
- Debt service for next 12 months contingent on refinancing term loan; discussions ongoing with investors.
- Net new business awards of $66M in Q3, including $27M on EV platforms; YTD awards $124M, EV $72M since 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320461/000132046122000114/0001320461-22-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320461/000132046122000114/cps-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001320461-22-000114

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