Cooper-Standard Q3 net loss $11.1M ($0.63/share); cuts FY sales to $2.7-2.75B

Cooper-Standard Holdings Inc.

2024-Q3 EPS reported -$6.78 revenue$50,793,000

Q3 net loss $11.1M, $0.63 diluted EPS vs. net income $11.4M, $0.65 EPS in Q3 2023; adjusted EPS -$0.68.
Sales $685.4M, down 6.9% YoY; adjusted EBITDA $46.1M, down 41.7% from $79.1M.
FY2024 sales guidance lowered to $2.70-$2.75B (from $2.8-$2.9B); adjusted EBITDA narrowed to $180-$195M (from $180-$210M).
Realized $24.5M savings from lean initiatives in Q3; net new business awards $44.0M (73% on EV/ hybrid platforms).
Cash and equivalents $107.7M, total liquidity $280.8M; capex guidance reduced to $45-$50M from $75-$85M.

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.