Cooper-standard Holdings (CPS) Misses Q2 EPS by 35c, Beats on Revenues; Boosts FY18 Revenue Outlook
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Cooper Standard Reports Second Quarter Results
July 31, 2018 4:58 PM EDTNOVI, Mich., July 31, 2018 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the second quarter 2018.
Second Quarter 2018 Highlights
Sales increased 2.1 percent to $928.3 million Net income of $41.9 million or $2.28 per diluted share Adjusted EBITDA of $107.9 million or 11.6 percent of sales Adjusted net income of $50.3 million or $2.74 per diluted share Net new business awards totaled $144 million for the quarterDuring the second quarter of 2018, the Company generated net income of $41.9 million, or $2.28 per diluted... More
