secwatch / observer
8-K filed May 7, 2024, 7:59 PM ET ticker CPS CIK 0001320461
earnings confidence high sentiment positive materiality 0.75

Cooper Standard Q1 net loss narrows to $31.7M; adjusted EBITDA up 135% YoY

Cooper-Standard Holdings Inc.

2024-Q1 EPS reported -$1.81

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cooper-Standard Holdings Inc. reported first quarter ended March 31, 2024 results: revenue $676.4, net income $(31.7) million, EPS $(1.81) per diluted share. Guidance raised.

Period
first quarter ended March 31, 2024
Revenue
$676.4
Net income
$(31.7) million
EPS
$(1.81) per diluted share
Guidance
raised
Result
preliminary results
Exact text from the filing
guidance, assuming industry production volumes hold.” Consolidated Results Three Months Ended March 31, 2024 2023 (dollar amounts in millions except per share amounts) Sales $ 676.4 $ 682.5 Net loss $ (31.7) $ (130.4) Adjusted net loss $ (30.6) $ (46.2) Loss per diluted share $ (1.81) $ (7.57) Adjusted loss per diluted share $ (1.75) $ (2.68) Adjusted EBITDA
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cooper-Standard Holdings Inc. amended Amendment No. 4 with certain lenders, Bank of America, N.A., as agent (effective 2024-05-06).

Action
amendment
Agreement
credit facility
Counterparty
certain lenders, Bank of America, N.A., as agent
Effective
2024-05-06
Exact text from the filing
(“CSA”), Cooper-Standard Automotive Canada Limited (the “Canadian Borrower”, and, together with CSA, the “Borrowers”) entered into Amendment No. 4 (the “Fourth Amendment”) to the Third Amended and Restated Loan Agreement (as amended, the “Credit Agreement”) with certain lenders, Bank of America, N.A., as agent (the “Agent”), and other parties thereto.
View on SEC.gov

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Cooper-Standard Holdings Inc. filing history →

Source: SEC EDGAR
accession 0001320461-24-000075
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