Welcome to our dedicated page for Cooper-Standard Holdings news (Ticker: CPS), a resource for investors and traders seeking the latest updates and insights on Cooper-Standard Holdings stock.
Cooper-Standard Holdings Inc. (NYSE: CPS) is a global leader in automotive sealing and fluid handling systems, serving major vehicle manufacturers worldwide. This page provides investors and industry professionals with direct access to official press releases, financial updates, and strategic developments from this essential automotive supplier.
Find timely updates on CPS's innovations in electric vehicle components, including its proprietary eCoFlow™ thermal management solutions, along with operational expansions and sustainability initiatives. The curated news collection covers earnings announcements, product launches, and partnership agreements that demonstrate the company's role in advancing vehicle electrification.
All content is sourced directly from company communications and verified industry reports. For consistent access to CPS's latest developments in lightweight materials and automotive engineering solutions, bookmark this page or check back regularly for updates.
Cooper Standard (NYSE: CPS) has been named to USA TODAY's America's Best Climate Leaders 2024 list, announced on May 30. This recognition, presented by USA TODAY and Statista Inc., honors companies committed to improving energy efficiency, reducing emissions, and minimizing environmental impact. Chairman and CEO Jeffrey Edwards stated the company's dedication to sustainability and innovation. To qualify, companies must meet criteria including U.S. headquarters, $50 million revenue in 2022, independent emission reporting, and a minimum CDP score of C. Cooper Standard's 2023 Corporate Responsibility Report emphasizes its efforts in reducing environmental impact while promoting business growth.
Cooper Standard (NYSE: CPS) has released its 2023 Corporate Responsibility Report, "Commitment to Excellence," detailing its latest ESG (environmental, social, and governance) initiatives.
The company has set new sustainability goals for 2024, focusing on business ethics, climate change, diversity, employee engagement, energy efficiency, innovation, and sustainable product lifecycle management. The report emphasizes Cooper Standard's commitment to long-term value creation and maintaining double-digit adjusted EBITDA margins and returns on invested capital.
CEO Jeffrey Edwards highlighted the importance of these efforts in attracting talent and developing cost-effective solutions. The report also includes insights from the company's materiality assessments, identifying seven key priorities essential for sustainability and stakeholder engagement.
Cooper Standard Holdings Inc. reported strong results for the first quarter of 2024, with significant margin improvement. Gross profit increased by 47.4%, operating income rose by $17.9 million, and net loss improved by $98.7 million compared to the same period in 2023. The company's adjusted EBITDA also saw a notable increase. With a new product-based management structure in place, Cooper Standard aims to drive further operational enhancements and value creation throughout the year. The company is optimistic about achieving additional margin expansion beyond its initial full-year guidance, contingent on industry production levels.
Cooper Standard (CPS) has been named a General Motors 2023 Supplier of the Year, marking the seventh consecutive time the company has received this recognition. GM's award highlights suppliers exceeding requirements, providing innovative technologies, and ensuring the highest quality in the automotive sector. Cooper Standard's dedication to innovation, sustainability, and quality has been acknowledged by GM, showcasing the company's commitment to meeting the evolving needs of the mobility industry.
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