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CPS — Cooper-Standard Holdings News Story

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Cooper Standard Q2 adjusted profit beats expectations

Overview

Cooper Standard Q2 adjusted EBITDA beats expectations, per LSEG data

Adjusted EPS for Q2 beats consensus

Co raises full-year adjusted EBITDA guidance

Outlook

Cooper Standard raises full-year adjusted EBITDA guidance to $220 mln-$250 mln

Company maintains full-year sales guidance at $2.7 bln-$2.8 bln

Cooper Standard expects operational excellence to offset impact of lower vehicle production

Company acknowledges trade-related uncertainties impacting vehicle production

Result Drivers

EFFICIENCY GAINS - Increased manufacturing and purchasing efficiency drove improvements in adjusted net income and EBITDA

HEADCOUNT INITIATIVES - Savings from past headcount initiatives contributed positively to financial results

NEW BUSINESS AWARDS - Co received $77.1 mln in anticipated future annualized sales related to battery-electric and hybrid vehicle platforms

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$706 mln$687 mln (1 Analyst)
Q2 Adjusted EPSBeat$0.06-$0.06 (1 Analyst)
Q2 Adjusted Net IncomeBeat$1 mln-$1 mln (1 Analyst)
Q2 Net Income-$1.40 mln
Q2 Adjusted EBITDABeat$62.80 mln$57 mln (1 Analyst)
Q2 Gross Profit$93.05 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy" Wall Street's median 12-month price target for Cooper-Standard Holdings Inc is $29.00, about 16% above its July 30 closing price of $24.36 Press Release: ID:nPnchcPKra (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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