secwatch.observer — SEC 8-K summary
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Issuer:     Cooper-Standard Holdings Inc. (CPS)
CIK:        0001320461
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001320461-24-000115
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cooper Standard Q2 net loss $76.2M; sales down 2.1% YoY; guidance trimmed
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- Gross profit $82.9M (+6.7% YoY); adjusted EBITDA $50.9M (7.2% of sales, +6.2% YoY).
- Net loss $76.2M ($4.34 loss/diluted share) includes $46.8M pension settlement & $17.8M restructuring.
- Adjusted net loss improved to $11.3M ($0.64 loss/diluted share) vs $20.0M loss a year ago.
- Net new business awards $60.6M in future annualized sales; $37.2M from battery electric vehicles.
- Full-year 2024 guidance lowered: sales $2.7-2.8B (prior $2.8-2.9B); adjusted EBITDA $180-200M (prior $180-210M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320461/000132046124000115/0001320461-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320461/000132046124000115/cps-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001320461-24-000115

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