---
schema_version: "secwatch.filing_event.v1"
accession: "0001320461-23-000137"
form_type: "8-K"
ticker: "CPS"
cik: "0001320461"
company_name: "Cooper-Standard Holdings Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:07:44.265005+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cooper-Standard Q3 net income $11.4M, sales up 12%; raises FY 2023 guidance

## Summary
- Sales $736M (+12% YoY); net income $11.4M vs loss $32.7M; adj. EPS $0.85 vs loss $1.71.
- Adj. EBITDA $79.1M (10.7% of sales), up from $20.5M; driven by volume, price adjustments, lean savings.
- Raised FY 2023 sales guidance to $2.7-2.8B and adj. EBITDA to $165-180M.
- Cash $204.8M; repaid $120M ABL borrowings on Nov 3 after UAW tentative agreements.
- New EV platform awards $34.4M in incremental annualized sales in Q3.

## SEC filing metadata
- accession: 0001320461-23-000137
- form_type: 8-K
- ticker: CPS
- cik: 0001320461
- company_name: Cooper-Standard Holdings Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000137/0001320461-23-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000137/cps-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001320461-23-000137
- JSON: https://secwatch.observer/filing/0001320461-23-000137.json
- Plain text: https://secwatch.observer/filing/0001320461-23-000137.txt

## Key facts
- Earnings Releases
  Cooper-Standard Holdings Inc. reported the third quarter ended September 30, 2023 results: revenue $736.0 million, net income $11.4 million, EPS $0.65 per diluted share. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $736.0 million
  - Net income: $11.4 million
  - EPS: $0.65 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: NORTHVILLE, Mich., November 2, 2023 -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2023. Third Quarter 2023 Summary • Sales totaled $736.0 million, an increase of 12.0% compared to third quarter 2022 • Gross profit totaled $106.5 million, an increase of 176.3% compared to third quarter 2022 • Net income of $11.4 million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000137/0001320461-23-000137-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.