secwatch.observer — SEC 8-K summary
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Issuer:     Cooper-Standard Holdings Inc. (CPS)
CIK:        0001320461
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001320461-24-000136
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320461/000132046124000136/0001320461-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320461/000132046124000136/cps-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001320461-24-000136

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