secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cooper-Standard Holdings Inc. (CPS)
CIK:        0001320461
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001320461-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320461/000132046124000014/0001320461-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320461/000132046124000014/cps-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001320461-24-000014

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