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Cooper Standard Wins 2024 Seraph Operational Excellence Award for Quality Excellence
Prnewswire· 2024-06-18 20:30
文章核心观点 - 科柯标准公司位于墨西哥阿瓜斯卡连特斯的混合设施获得了2024年Seraph卓越运营奖的质量卓越奖[1][2][3] - 该奖项表彰了北美地区在物流、运营、人力资源和质量实践方面表现出色的汽车制造设施[4][5] - 科柯标准公司的阿瓜斯卡连特斯混合工厂拥有高度集成的制造和质量检测流程,其专有的LoMOS系统可以控制和确认车间的配方,并由一个世界级的QC实验室进行验证[6][7] 公司概况 - 科柯标准公司总部位于密歇根州诺斯维尔,在21个国家拥有分支机构,是一家领先的密封和流体处理系统及零部件的全球供应商[8] - 公司拥有约23,000名员工,通过材料科学和制造专业知识,为多个交通和工业市场创造创新和可持续的工程解决方案[8] - 这是科柯标准公司阿瓜斯卡连特斯工厂连续第二年获得行业认可,去年曾获得2023年IndustryWeek最佳工厂奖[7]
Cooper Standard Appoints Quinn to President, Industrial and Specialty Group
Prnewswire· 2024-06-12 04:30
NORTHVILLE, Mich., June 11, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) today announced the appointment of Shannon B. Quinn to president of the Industrial and Specialty Group (ISG). In this position, Quinn will work to progress the Company's diversification strategy to accelerate growth and maximize the value of Cooper Standard's products and technologies in industrial and specialty markets. She replaces Ramsey Changoo who is departing the Company to pursue other career opportunities.Cooper Standard Ap ...
Cooper Standard Named to the USA TODAY America's Best Climate Leaders 2024 List
Prnewswire· 2024-06-05 20:30
NORTHVILLE, Mich., June 5, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) has been named to USA TODAY's list of America's Best Climate Leaders 2024. This award is presented by USA TODAY and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on May 30 and can be viewed on usatoday.com."At Cooper Standard, we actively focus on improving our energy efficiency, reducing emissions and waste generation, and embracing our corporate role as stewards of ...
Zacks Initiates Coverage of Cooper-Standard With Neutral Recommendation
zacks.com· 2024-05-20 23:30
Zacks Investment Research has initiated the coverage of Cooper-Standard Holdings Inc. (CPS) , assigning a “Neutral” recommendation to the stock. This designation reflects our balanced view of the company's prospects, given its stable financial performance, financial flexibility and strategic market expansion, alongside prevailing industry challenges and market competition.Headquartered in Northville, MI, Cooper-Standard has demonstrated remarkable operational efficiency in the first quarter of 2024, achievi ...
Cooper Standard(CPS) - 2024 Q1 - Quarterly Report
2024-05-08 04:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-36127 __________________________ ...
Cooper Standard(CPS) - 2024 Q1 - Earnings Call Transcript
2024-05-08 02:47
财务数据和关键指标变化 - 2024年第一季度销售额为6.764亿美元,同比下降0.9%,主要受到欧洲技术橡胶业务和亚洲合资企业股权出售的影响 [1][2] - 剔除这些出售影响后,2023年第一季度销售额为6.69亿美元,2024年第一季度销售额同比增长约1%,超过全球汽车产量增速 [2] - 2024年第一季度毛利为6.16亿美元,毛利率为9.1%,2023年同期为4.18亿美元,毛利率为6.1% [2] - 2024年第一季度调整后EBITDA为2.93亿美元,2023年同期为1.25亿美元,主要受益于有利的销量和产品组合、商业协议改善以及精益生产和供应链节省 [2] - 2024年第一季度净亏损为3.17亿美元,2023年同期为13.04亿美元,主要由于2023年包含了重大债务再融资和清偿损失 [3] 各条业务线数据和关键指标变化 - 密封件业务作为公司的全球领导者,将通过技术、客户服务、客户关系增强和市场机会来扩大市场份额和竞争优势 [5] - 流体业务在混合动力和电动车的热管理技术要求下,有望实现加速的盈利增长,新技术创新将显著提高每车平均含量和总寻址市场 [6] 各个市场数据和关键指标变化 - 公司在中国市场的流体业务有望通过提供专有技术增强在电动车领域的竞争力 [6] 公司战略和发展方向及行业竞争 - 公司将从区域管理架构转变为以产品线为基础的管理架构,以提高效率、优化资源配置、加快创新交付 [3][4] - 公司将通过精简组织、自动化流程和利用技术来进一步优化成本,预计2024年将实现2000万-2500万美元的成本节约,2025年全年将达到4000万-4500万美元 [7] - 公司预计在2025年底前将实现双位数EBITDA利润率和ROIC [7] 管理层对经营环境和未来前景的评论 - 尽管汽车产量复苏速度未达预期,但公司正采取措施提高敏捷性和响应能力,以应对行业挑战 [7] - 公司看好混合动力车型的发展,预计相比传统内燃机车型,混合动力车型的每车含量将近翻倍 [8] - 公司将在第二季度业绩报告时提供2024年全年指引的更新 [7] 问答环节重要的提问和回答 问题1 **Michael Ward 提问** 询问公司2024年调整后EBITDA指引的上调空间 [4][5] **Jeffrey Edwards 回答** 公司将在第二季度报告时提供更新,但如果行业产量维持计划水平,成本优化措施可能带来2024年全年指引的上行空间 [4][7] 问题2 **Kirk Ludtke 提问** 询问公司各地区在本季度是否实现EBITDA盈利 [7] **Jeffrey Edwards 回答** 是的,各地区在本季度均实现EBITDA盈利 [7] 问题3 **Ben Briggs 提问** 询问公司毛利率何时能达到双位数 [8][9] **Jeffrey Edwards 回答** 公司预计在2025年底前将实现双位数EBITDA利润率 [7][9]
Cooper Standard(CPS) - 2024 Q1 - Quarterly Results
2024-05-07 19:04
Cooper Standard Reports Continuing Year-over-year Margin Improvement in First Quarter 2024, Sees Upside to Full-year Guidance NORTHVILLE, Mich., May 6, 2024 -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the first quarter 2024. First Quarter 2024 Summary • Gross profit totaled $61.6 million, an increase of 47.4% compared to first quarter 2023 • Operating income of $3.5 million reflected an increase of $17.9 million vs. the first quarter of 2023 • Net loss of $31.7 million, or $(1.81 ...
Cooper Standard Named a 2023 Supplier of the Year by General Motors
Prnewswire· 2024-04-29 20:30
NORTHVILLE, Mich., April 29, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) is pleased to announce that it has been recognized as a General Motors 2023 Supplier of the Year. GM celebrated honorees at its 32nd annual Supplier of the Year event in Aventura, Florida earlier this month. GM's Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM's requirements, in turn providing customers with innovative technologies and the highest quality in the automotive industr ...
Cooper Standard Announces Date for Release of First Quarter 2024 Results, Provides Details for Management Conference Call
Prnewswire· 2024-04-17 20:30
NORTHVILLE, Mich., April 17, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the first quarter 2024 on Monday, May 6 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 Tuesday, May 7 at 9 a.m. ET. The Company's Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan Banas will ...
Cooper Standard Presents EV Thermal Management Trends, Opportunities, Solutions at SPE Conference
Prnewswire· 2024-04-03 20:30
NORTHVILLE, Mich., April 3, 2024 /PRNewswire/ -- As the electric vehicle (EV) market continues to evolve, automakers remain focused on improving vehicle driving range to help address consumer adoption. Key enablers to improving range include both lightweighting of components as well as improving overall thermal management system efficiency. Highlighting how Cooper Standard (NYSE: CPS) is addressing the evolving thermal management needs of the automotive industry, Dr. Brian J. Cardwell, senior director of ad ...