secwatch.observer — SEC 8-K summary
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Issuer:     Cooper-Standard Holdings Inc. (CPS)
CIK:        0001320461
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001320461-23-000114
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cooper Standard Q2 sales up 19.4% to $724M; adjusted EBITDA $48M vs. -$10M YoY
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- Sales $723.7M, up 19.4% YoY; gross profit $77.7M, up 405.4%.
- Net loss $27.8M ($1.61/diluted share) vs. net loss $33.2M in Q2 2022; adjusted EBITDA $47.9M vs. -$10.4M.
- Net new business awards $84.9M, including $36.4M for new EV programs.
- Full-year guidance reaffirmed: sales $2.6–$2.8B, Adj. EBITDA $150–$175M, capex $70–$80M.
- Cash and cash equivalents $73.1M; total liquidity $229.6M; ABL facility undrawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320461/000132046123000114/0001320461-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320461/000132046123000114/cps-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001320461-23-000114

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