Cooper-Standard Holdings (CPS) Tops Q2 EPS by 61c
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Cooper Standard Reports Record Quarterly Results; Raises Guidance
July 28, 2016 4:30 PM EDTNOVI, Mich., July 28, 2016 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported record results for the second quarter 2016.
Second Quarter 2016 Highlights
Sales increased to a record $879.3 million Net income totaled $40.9 million or $2.20 per diluted share Adjusted EBITDA increased 11.9 percent to a record $108.5 million Adjusted net income totaled $52.9 million or $2.85 per diluted share Free cash flow increased by $39.4 million in the quarter and $73.1 million in the first half Full year guidance for adjusted EBITDA margin... More