Cooper-Standard Q4 net loss improves to $88M; FY2023 EBITDA guidance $150-175M

Cooper-Standard Holdings Inc.

2022-FY EPS reported -$12.53

Q4 sales $649.3M (+$48M YoY); net loss $(88.1)M vs $(102.2)M prior year.
Full year net loss $(215.4)M, improved $107.5M from FY2021; adj EBITDA $37.9M vs $(8.0)M.
New EV platform awards total $198M for full year 2022.
Completed refinancing extending debt maturities to 2027; year-end cash $186.9M, liquidity $342.1M.
FY2023 guidance: sales $2.6-2.8B, adj EBITDA $150-175M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Cooper-Standard Holdings Inc. reported the fourth quarter ended December 31, 2022 results: revenue $649.3 million, net income Net loss of $88.1 million, EPS $(5.12) per fully diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $649.3 million
Net income: Net loss of $88.1 million
EPS: $(5.12) per fully diluted share
Result: reported results

Exact text from the filing

Fourth Quarter Summary • Sales of $649.3 million, an increase of $48.0 million compared to fourth quarter 2021 • Net loss of $88.1 million or $(5.12) per fully diluted share, improved by $14.1 million compared to fourth quarter 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Cooper-Standard Holdings Inc. reported the full year ended December 31, 2022 results: revenue $2.53 billion, net income Net loss of $215.4 million, EPS $(12.53) per fully diluted share.

Period: the full year ended December 31, 2022
Revenue: $2.53 billion
Net income: Net loss of $215.4 million
EPS: $(12.53) per fully diluted share
Result: reported results

Exact text from the filing

Full Year Summary • Sales of $2.53 billion, an increase of $195.2 million compared to 2021 • Net loss of $215.4 million or $(12.53) per fully diluted share, improved by $107.5 million compared to 2021

View on SEC.gov

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Source: SEC EDGAR

accession 0001320461-23-000044

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