Cooper-Standard Misses on Q3 Earnings, Reduces '24 Sales Outlook
Cooper Standard(CPS) 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 ...