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Cooper Standard Expands Sustainability Portfolio with FlexiCore™ Thermoplastic Body Seal
Prnewswire· 2024-11-07 21:30
NORTHVILLE, Mich., Nov. 7, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) has further expanded its portfolio of sustainable innovations with a revolutionary new vehicle body seal. The Company's FlexiCore™ Thermoplastic Body Seal provides a groundbreaking way to seal a doorframe to the vehicle body by replacing traditional metal carriers with a more eco-friendly, fully recyclable lightweight plastic alternative without compromising performance. Cooper Standard expands sustainability portfolio with Flex ...
Cooper Standard(CPS) - 2024 Q3 - Quarterly Report
2024-11-02 04:11
财务业绩 - 2024年第三季度销售额为6.85亿美元,同比下降6.9%[109] - 2024年前九个月销售额为20.70亿美元,同比下降3.4%[108] - 2024年第三季度毛利为7,631万美元,同比下降28.4%[108] - 2024年前九个月毛利为2.21亿美元,同比下降2.3%[108] - 2024年第三季度营业利润为2,347万美元,同比下降55.4%[108] - 2024年前九个月营业利润为3,810万美元,同比下降24.5%[108] - 2024年第三季度净亏损为1,106万美元,而2023年同期净利润为1,136万美元[108] - 2024年前九个月净亏损为11.90亿美元,而2023年同期净亏损为14.68亿美元[108] - 公司三个月期间的销售额为6.67亿美元,同比下降6.4%[115] - 毛利润为7.63亿美元,同比下降28.4%[110] - 毛利率为11.1%,同比下降3.4个百分点[110] - 销售、管理和工程费用为4970万美元,占销售额7.3%,同比略有上升[110] - 利息费用净额同比下降470万美元[110] - 公司计提了220万美元的退休金结算收益[110] - 所得税费用为290万美元,实际税率为-36.3%[110] 分部业绩 - 2024年第三季度和2023年第三季度分部调整后EBITDA分别为52,993千美元和80,912千美元,下降27,919千美元[117] - 密封系统分部调整后EBITDA下降9,716千美元[118] - 流体处理系统分部调整后EBITDA下降18,203千美元[118] - 2024年前三季度和2023年前三季度分部销售额分别为2,011,586千美元和2,052,497千美元,下降40,911千美元[119] - 2024年前三季度和2023年前三季度分部调整后EBITDA分别为136,663千美元和146,034千美元,下降9,371千美元[122] 现金流和财务状况 - 公司正积极保持现金流和增强流动性,包括主动管控资本支出[123] - 2024年前三季度经营活动产生的现金流为1,600千美元,较2023年前三季度的37,600千美元下降[124] - 公司2018年股票回购计划尚有98,700千美元未执行[126] 其他 - 2024年第三季度净亏损1.11亿美元,2023年同期净亏损1.47亿美元[130] - 2024年第三季度税收费用为2,861万美元,2023年同期为4,338万美元[130] - 2024年第三季度息税折旧摊销前利润(EBITDA)为4,684.5万美元,2023年同期为7,672.3万美元[130] - 2024年前三季度EBITDA为6,140.5万美元,2023年同期为4,370.2万美元[130] - 2024年前三季度调整后EBITDA为1.26亿美元,2023年同期为1.39亿美元[130] - 2023年计提了非现金减值费用和出售业务损失[131] - 2023年发生了债务再融资和清偿损失[131] - 2024年前三季度终止美国养老金计划产生一次性非现金结算费用[131] - 公司面临诸多风险因素,如汽车销量下滑、原材料价格上涨、贸易政策变化等[135] - 公司将继续推进成本节约计划和提高运营效率[135]
Cooper-Standard Misses on Q3 Earnings, Reduces '24 Sales Outlook
ZACKS· 2024-11-02 01:51
Cooper-Standard Holdings Inc.’s (CPS) third-quarter 2024 results reflect the negative impacts of industry-wide pressures and operational headwinds, which weighed on its financial performance. With persistent inflationary trends and foreign exchange hurdles, the company grappled with softer vehicle production levels, influencing its sales and profitability metrics.Despite these obstacles, Cooper-Standard has been focused on cost-saving initiatives and is making strides in securing new contracts, particularly ...
Cooper Standard(CPS) - 2024 Q3 - Earnings Call Presentation
2024-11-02 00:13
业绩总结 - 2024年第三季度销售额为685.4百万美元,较2023年同期的736.0百万美元下降6.5%[13] - 第三季度毛利润为76.3百万美元,毛利率为11.1%,低于2023年同期的106.5百万美元和14.5%[13] - 调整后的EBITDA为46.1百万美元,EBITDA利润率为6.7%,相比2023年同期的79.1百万美元和10.7%有所下降[13] - 净亏损为11.1百万美元,完全稀释后的每股亏损为0.63美元[13] - 2024年第三季度的EBITDA为46,845千美元,较2023年同期的76,723千美元下降39%[34] - 2024年第三季度的调整后EBITDA为46,145千美元,2023年同期为79,103千美元,下降42%[34] - 2024年截至9月30日的净亏损为174,112千美元[39] - 2024年第三季度的基本每股亏损为0.63美元,2023年同期为0.65美元[36] - 2024年第三季度的调整后每股亏损为0.68美元,2023年同期为0.86美元[36] 未来展望 - 2024年预计销售额为27亿至27.5亿美元,调整后的EBITDA预计为1.8亿至1.95亿美元[28] - 2024年资本支出预计为4500万至5000万美元,较2023年的8070万美元大幅减少[28] - 2024年自由现金流预计为1690万美元,较2023年的400万美元显著增长[18] - 2024年第一季度的净现金利息支出预计为9500万至1亿美元[28] - 2024年北美轻型汽车生产预计为1550万台,欧洲为1710万台[28] - 2024年累计实现6400万美元的成本节约,预计2025年将实现4000万至4500万美元的年度化成本节约[26] 现金流与资本支出 - 2024年第三季度经营活动提供的净现金为27,859千美元,较2023年同期的20,466千美元增长了36.5%[41] - 2024年第三季度资本支出为10,937千美元,较2023年同期的16,424千美元减少了33.1%[41] - 2024年第三季度自由现金流为16,922千美元,较2023年同期的4,042千美元增长了318.5%[41] - 2024年前九个月经营活动提供的净现金为1,647千美元,较2023年同期的37,616千美元下降了95.6%[41] - 2024年前九个月资本支出为39,014千美元,较2023年同期的63,184千美元减少了38.3%[41] - 2024年前九个月自由现金流为(37,367)千美元,较2023年同期的(25,568)千美元下降了46.2%[41] 负面信息 - 2024年第三季度的利息覆盖比率为1.3[39] - 2024年截至9月30日的总债务为1,107,171千美元,净债务为999,437千美元[39]
Cooper Standard(CPS) - 2024 Q3 - Quarterly Results
2024-11-01 19:01
Cooper Standard Reports Third Quarter Results; Continuing Lean Initiatives Delivering Cost Savings as Planned NORTHVILLE, Mich., October 31, 2024 -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2024. Third Quarter 2024 Summary • Savings of $24.5 million realized from lean operations and cost initiatives • Net loss of $11.1 million, or $(0.63) per diluted share • Adjusted net loss of $12.0 million, or $(0.68) per diluted share • Adjusted EBITDA of $46.1 million, or 6 ...
Cooper Standard Reports Third Quarter Results; Continuing Lean Initiatives Delivering Cost Savings as Planned
Prnewswire· 2024-11-01 04:30
NORTHVILLE, Mich., Oct. 31, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2024.Third Quarter 2024 Summary Savings of $24.5 million realized from lean operations and cost initiatives Net loss of $11.1 million, or $(0.63) per diluted share Adjusted net loss of $12.0 million, or $(0.68) per diluted share Adjusted EBITDA of $46.1 million, or 6.7% of sales Net new business awards totaled $44.0 million"Our intense focus on lean initiatives and operatin ...
Cooper Standard to Discuss Third Quarter 2024 Results, Provides Details for Management Conference Call
Prnewswire· 2024-10-15 20:30
NORTHVILLE, Mich., Oct. 15, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the third quarter 2024 on Thursday, October 31 after market close. The Company's earnings results will be posted to the Cooper Standard website (https://ir.cooperstandard.com/) once released. Cooper Standard will host a conference call on Friday, November 1 at 9 a.m. ET. The Company's Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan ...
Cooper Standard: Sealing Value With Strong Fundamentals And Attractive Valuation
Seeking Alpha· 2024-10-12 18:36
文章核心观点 - 该投资者采取对冲基金式的高风险投资策略,主要投资于美国市场的股票和期权 [1] - 投资组合大约50%投资于股票,50%投资于期权,持有期一般在3-24个月之间 [1] - 该投资者主要关注最近因非经常性事件而出现大跌的股票,并对公司的财务状况和内部人交易情况进行深入分析 [1] - 该投资者同时运用基本面分析和技术分析来优化头寸的进出场时机 [1] 公司相关内容 - 该投资者会对通过筛选的公司进行基本面分析,了解其财务状况、负债水平,并与行业中位数和平均水平进行对比 [1] - 该投资者还会对最近内部人增持股票的公司进行背景调查 [1] 行业相关内容 - 该投资者主要关注美国市场,但也可能持有一些"香蕉共和国"的股票 [1] - 该投资者会对通过筛选的公司所属行业进行分析,与行业中位数和平均水平进行对比 [1]
Canadian Premium Sand Inc. Announces Approval of Warrant Extension
GlobeNewswire News Room· 2024-08-31 07:00
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA CALGARY, Alberta, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. ("CPS" or the "Company") (TSXV: CPS) is pleased to announce that further to its August 23, 2024 news release its application to extend the expiry date of an aggregate of 26,494,908 warrants (the "Warrants") to purchase an aggregate of 26,494,908 common shares ("Common Shares") of the Company has been approved by TSX Venture Exchang ...
Two Cooper Standard Innovations Named 2025 Automotive News PACE Pilot Award Finalists
Prnewswire· 2024-08-27 20:30
NORTHVILLE, Mich., Aug. 27, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) has been recognized as a 2025 Automotive News PACE Pilot Award finalist for two technologies – its eCoFlowTM Switch Pump and its FlexiCore™ Thermoplastic Body Door Seal. These innovations are two of 23 technologies recently named finalists in an annual competition that identifies and celebrates the latest game-changing innovations. Cooper Standard has been recognized as a 2025 Automotive News PACE Pilot Award finalist for two techn ...