Cooper-standard Holdings (CPS) Reports Q3 EPS of $1.05, Revenues Beat; Offers FY18 Revenue Outlook

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Go back to Cooper-standard Holdings (CPS) Reports Q3 EPS of $1.05, Revenues Beat; Offers FY18 Revenue Outlook

Cooper Standard Reports Third Quarter Results and Announces Significant Progress on Several Strategic Initiatives

November 1, 2018 5:55 PM EDT

NOVI, Mich., Nov. 1, 2018 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2018.

Summary

Sales totaled $861.7 million Net income of $32.2 million or $1.77 per diluted share Adjusted EBITDA of $69.6 million or 8.1 percent of sales Adjusted net income of $19.1 million or $1.05 per diluted share Net new business awards of $92 million, on track for record year Signed second agreement to license Fortrex material technology outside the automotive industry

During the... More