Cooper-standard Holdings, Inc. (CPS) Tops Q2 EPS by 48c, Offers Outlook
Cooper-standard Holdings, Inc. (NYSE: CPS) reported Q2 EPS of $2.22, $0.48 better than the analyst estimate of $1.74. Revenue for the quarter came in at $860.8 million versus the consensus estimate of $827.75 million.
Outlook
The Company has reaffirmed or revised its 2015 full year outlook as follows:
Previous Guidance 7-May-15 | Revised Guidance 30-Jul-15 | |
Consolidated Sales | $3.3 - $3.4 billion | Unchanged |
Capital Expenditures | $185 - $200 million | $175 - $185 million |
Cash Restructuring | $30 - $40 million | $25 - $35 million |
Cash Taxes | $45 - $55 million | $40 - $50 million  |
Adj. EBITDA Margin | 50 – 75 bps improvement vs. 2014 | 75 – 100 bps improvement vs. 2014 |
Key Assumptions | ||
NA Production | 17.4 million units | Unchanged |
European Production | 20.3 million units | Unchanged |
Avg. Full Year FX rates | ||
Euro | 1 EUR = $1.12 USD | 1 EUR = $1.11 USD |
Canadian Dollar | 1 CAD = $0.80 USD | Unchanged |
For earnings history and earnings-related data on Cooper-standard Holdings, Inc. (CPS) click here.