---
schema_version: "secwatch.filing_event.v1"
accession: "0001320461-24-000075"
form_type: "8-K"
ticker: "CPS"
cik: "0001320461"
company_name: "Cooper-Standard Holdings Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T16:44:46.806936+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Operating income improved $17.9M to $3.5M; net loss of $31.7M ($1.81/share) vs $130.4M loss a year ago.
- Gross profit rose 47.4% to $61.6M; adjusted EBITDA of $29.3M vs $12.5M in Q1 2023.
- New product-line segments (Sealing Systems, Fluid Handling Systems) implemented to drive operational improvements.
- Credit Agreement amended: $150M revolver extended to May 2029; $30M tranche retains 2025 maturity; pricing step-downs possible at ≤3.5x leverage.
- Management sees upside to 2024 guidance; formal update expected with Q2 results.

## SEC filing metadata
- accession: 0001320461-24-000075
- form_type: 8-K
- ticker: CPS
- cik: 0001320461
- company_name: Cooper-Standard Holdings Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320461/000132046124000075/0001320461-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320461/000132046124000075/cps-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001320461-24-000075
- JSON: https://secwatch.observer/filing/0001320461-24-000075.json
- Plain text: https://secwatch.observer/filing/0001320461-24-000075.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046124000075/0001320461-24-000075-index.htm
- Material Agreements
  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
  source text: (“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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046124000075/0001320461-24-000075-index.htm

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