Cooper Standard reports Q4 sales up 3.7% to $673.6M; guides FY2024 adjusted EBITDA $180-210M

Cooper-Standard Holdings Inc.

2023-FY EPS reported -$11.64

Q4 net loss $55.2M (-$3.16 diluted EPS); adjusted net loss $31.1M (-$1.79 adjusted EPS).
FY2023 sales $2.82B (+11.5%); adjusted EBITDA $167.1M, up $129.2M vs 2022.
Q4 operating cash flow $79.7M improved $105.5M YoY; free cash flow $62.1M.
FY2024 guidance: sales $2.8-2.9B, adjusted EBITDA $180-210M, capex $75-85M.
Net new business awards $86.3M in Q4; EV platforms $25.7M.

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 0.98

Cooper-Standard Holdings Inc. reported full year ended December 31, 2023 results: revenue $2.82 billion, net income Net loss of $202.0 million, EPS $(11.64) per diluted share.

Period: full year ended December 31, 2023
Revenue: $2.82 billion
Net income: Net loss of $202.0 million
EPS: $(11.64) per diluted share
Result: reported results

Exact text from the filing

or 4.1% of sales • Net cash provided by operating activities of $79.7 million improved by $105.5 million vs. the fourth quarter of 2022 Full Year 2023 Summary • Sales totaled $2.82 billion, an increase of 11.5% compared to 2022 • Gross profit totaled $290.8 million, an increase of 124.0% compared to 2022 • Net loss of $202.0 million, or $(11.64) per diluted share,

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Cooper-Standard Holdings Inc. reported fourth quarter ended December 31, 2023 results: revenue $673.6 million, net income Net loss of $55.2 million, EPS $(3.16) per diluted share.

Period: fourth quarter ended December 31, 2023
Revenue: $673.6 million
Net income: Net loss of $55.2 million
EPS: $(3.16) per diluted share
Result: reported results

Exact text from the filing

February 15, 2024 -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2023. Fourth Quarter 2023 Summary • Sales totaled $673.6 million, an increase of 3.7% compared to fourth quarter 2022 • Gross profit totaled $64.7 million, an increase of 19.1% compared to fourth quarter 2022 • Net loss of $55.2 million, or

View on SEC.gov

710 earnings releases filed in the last 30 days. Browse all earnings releases →

Cooper-Standard Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001320461-24-000014

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.