Cooper-Standard Holdings - CPS STOCK NEWS

Cooper Standard (NYSE: CPS) has received the 2025 Automotive News PACE Pilot Award for its innovative eCoFlow™ Switch Pump technology. The technology, developed in collaboration with Saleri Group, combines an electric water pump and electrically driven valve into a single integrated coolant control module.

The scalable fluid control system is designed to address complex glycol thermal management needs in electrified and hybrid vehicles, offering significant advantages including improved efficiency, part consolidation, reduced electrical wire harness, and smaller vehicle packaging space. The recognition came after a comprehensive review process including a written application and virtual pitch session.

Cooper Standard (NYSE: CPS) has been awarded the prestigious 2024 Supplier of the Year Award by General Motors at their 33rd annual event in Phoenix, Arizona. This marks the eighth consecutive recognition for Cooper Standard, highlighting their consistent excellence in serving GM's needs.

The award, which recognizes global suppliers for their performance in key categories including safety, innovation, and resilience, was presented to Cooper Standard among 92 suppliers from 12 countries. Selection criteria included not only organizational performance throughout 2024 but also alignment with GM's core values and strategic objectives.

Jeff Edwards, chairman and CEO of Cooper Standard, emphasized the company's dedication to providing world-class service and exceptional quality through advanced engineering, manufacturing, and business practices. GM's global chief procurement officer, Jeff Morrison, highlighted the importance of supplier partnerships in bringing advanced technology and GM's broad vehicle portfolio to market.

Cooper-Standard Holdings (NYSE: CPS) has scheduled the release of its first quarter 2025 financial results on Thursday, May 1, 2025, after market close. The company will host a conference call on Friday, May 2 at 9 a.m. ET, featuring Chairman and CEO Jeffrey Edwards and CFO Jonathan Banas, who will present results and address investor questions.

The earnings call will be accessible via webcast at the company's investor relations website. U.S. and Canadian participants can join by dialing toll-free at 800-836-8184, while international callers should use 646-357-8785. A replay will be available on the company's website following the event.

Cooper-Standard Holdings (NYSE: CPS) reported its Q4 and full-year 2024 results. Q4 highlights include sales of $660.8M (down 1.9% YoY), operating income of $31.7M (up $36.2M YoY), and net income of $40.2M ($2.24 per diluted share). Full-year 2024 performance showed sales of $2.73B (down 3.0% YoY), operating income of $69.8M (up 51.7%), and a net loss of $78.7M (-$4.48 per share).

The company achieved Q4 Adjusted EBITDA of $54.3M (8.2% of sales) and generated positive free cash flow of $63.2M. For the full year, Adjusted EBITDA reached $180.7M (6.6% of sales) with free cash flow of $25.9M. The company secured new business awards totaling $181.4M in 2024, including $105.8M for electric vehicle platforms.

Looking ahead to 2025, despite expected lower global light vehicle production, management projects improved financial results with sales guidance of $2.7-2.8B and Adjusted EBITDA of $200-235M.

Cooper-Standard Holdings (NYSE: CPS) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 13, 2025, after market close. The company will host a conference call on Friday, February 14 at 9 a.m. ET, featuring CEO Jeffrey Edwards and CFO Jonathan Banas, who will discuss results and provide business updates.

Investors can join via webcast at the company's investor relations website or participate by phone using toll-free numbers: 800-836-8184 for US/Canada callers and 646-357-8785 for international callers. A Q&A session will be included, and participants are advised to dial in five minutes before the call. A replay will be available on the company's website after the event.

Cooper Standard (NYSE: CPS) has received the Society of Automotive Analysts' (SAA) Innovations in Lightweighting Award for its FlexiCore™ Thermoplastic Body Seal. This innovative solution, which was also named a finalist for the 2025 Automotive News PACE Pilot Award, replaces traditional metal components with eco-friendly plastic in vehicle body seals.

The groundbreaking technology offers up to 44% weight reduction while maintaining durability and performance. The fully recyclable seal addresses critical sustainability needs in the automotive industry, particularly significant for electric and hybrid vehicles where lightweight materials can offset battery and electric motor weight.

According to Patrick Clark, president of Sealing Systems and chief manufacturing officer, this innovation demonstrates Cooper Standard's commitment to providing solutions that meet sustainability, performance, and cost-efficiency requirements for their customers.

Cooper Standard (NYSE: CPS) has been named to Newsweek's America's Most Responsible Companies list for the sixth consecutive year. The company ranked 7th in the Automotive & Components industry category for the 2025 rankings, which were conducted by Newsweek and Statista Inc.

The recognition is based on a comprehensive evaluation of Environmental, Social, and Corporate Governance (ESG) performance. The assessment included analysis of over 30 performance indicators among the top 2,000 public US companies and a survey of 26,000 US residents regarding companies' CSR reputation.

The final list features the top 600 most responsible companies across 14 industries in the United States. Cooper Standard has maintained its position on this prestigious list since its inception, demonstrating consistent commitment to corporate responsibility and sustainable business practices.

Cooper Standard (NYSE: CPS) has won the 2024 Society of Plastics Engineers (SPE) Automotive Innovation Award in the powertrain category for its plastic coolant hub. The innovative solution can be adapted to all OEM systems, including BEV, ICE and hybrid vehicles. Unlike traditional coolant handling systems with multiple discrete components, this hub combines fluid handling components and integrates pressure balancing into a compact plastic manifold.

The technology offers significant advantages including improved vehicle performance, reduced packaging space, decreased assembly time, lower labor requirements, and more sustainable operations through reduced material and product waste.

Cooper Standard (NYSE: CPS) has introduced FlexiCore™ Thermoplastic Body Seal, a revolutionary vehicle sealing solution that replaces traditional metal carriers with recyclable lightweight plastic. The new product offers up to 44% weight reduction and is made of 100% TPV and PP materials, making it fully recyclable.

Key benefits include outstanding flexibility for easy assembly, high retention performance, reduced energy consumption in manufacturing, and improved aesthetics. The product has successfully completed internal mass production testing and is being tailored for various OEM requirements. FlexiCore has been named a 2025 Automotive News PACE Award finalist.