Cooper-standard Holdings (CPS) Misses Q1 EPS by $1.35
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Cooper Standard Reports First Quarter Results
May 11, 2020 4:40 PM EDTNORTHVILLE, Mich., May 11, 2020 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the first quarter 2020.
First Quarter 2020 Summary
Sales totaled $654.9 million Net loss of $110.6 million or $(6.55) per diluted share Adjusted EBITDA of $8.3 million or 1.3 percent of sales Adjusted net loss of $36.5 million or $(2.16) per diluted share Strong cash balance of $301.8 million at quarter end Net new business awards totaled $82 million in projected annualized sales Contract awards related to the Company's... More