Brief: Cooper Standard Reports First Quarter Results

Cooper-Standard Holdings

12/05/2020 24:01

May 11 (Reuters) - Cooper-Standard Holdings Inc  CPS.N :
    * COOPER STANDARD REPORTS FIRST QUARTER RESULTS
    * Q1 ADJUSTED LOSS PER SHARE $2.16
    * Q1 LOSS PER SHARE $6.55
    * Q1 SALES $654.9 MILLION
    * EXPECT TO HAVE AMPLE LIQUIDITY TO SUSTAIN OPERATIONS
    * NET LOSS FOR Q1 2020 INCLUDED NON-CASH IMPAIRMENT CHARGES
RELATED TO ASSETS HELD FOR SALE IN AMOUNT OF $74.1 MILLION
    * HAS WITHDRAWN PREVIOUSLY PROVIDED GUIDANCE FOR 2020
    * COOPER-STANDARD - EXPECT CASH, ACCESS TO CREDIT FACILITIES
TO
SUPPORT ONGOING OPERATIONS & EXECUTION OF PLANNED STRATEGIC
INITIATIVES FOR NEXT 12 MONTHS

Source text for Eikon:  ID:nPn62CXhxa 
Further company coverage:  CPS.N 

 ((Reuters.Briefs@thomsonreuters.com;))