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) generates a steady flow of news as a global supplier of sealing systems and fluid handling systems and components for transportation and industrial markets. Headquartered in Northville, Michigan, with locations in 20 countries, the company regularly reports on financial performance, product innovations, corporate responsibility recognition and strategic initiatives.
Investors following CPS can expect earnings announcements and related updates, often furnished on Form 8-K and discussed on quarterly conference calls and webcasts. These releases provide details on sales, operating income, net income or loss, adjusted EBITDA, liquidity and segment performance for Sealing Systems and Fluid Handling Systems. Management also discusses business conditions such as light vehicle production trends, cost pressures and demand for hybrid and battery electric vehicle platforms.
Product and technology news is another key theme. Cooper Standard has highlighted innovations like a quick connector with integrated temperature sensor used in an electric vehicle cooling system, recognized as a finalist in the Society of Plastics Engineers Automotive Innovation Awards. The company also reports on advanced sealing technologies, including its FlexiCore thermoplastic body seal and FlushSeal sealing system, showcased on a Renault Group demo car focused on reducing CO2 emissions and enabling new design features.
Readers will also find updates on corporate responsibility and recognition, such as Cooper Standard’s repeated inclusion on Newsweek’s list of America’s Most Responsible Companies, as well as organizational developments like leadership appointments in information technology and artificial intelligence. Features on the Industrial & Specialty Group (ISG) illustrate how the company is extending its technologies into non-automotive and specialty markets.
This news page helps investors, analysts and industry observers monitor CPS-related developments, from quarterly results and guidance updates to technology collaborations, ESG milestones and diversification efforts across transportation and industrial sectors.
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Cooper Standard Holdings Inc. (NYSE: CPS) has announced it will release its financial results for the first quarter of 2023 on May 3 after market close. The results will be accessible on the Cooper Standard website. Following this, a conference call will take place on May 4 at 9 a.m. ET, featuring Chairman and CEO Jeffrey Edwards and CFO Jonathan Banas. During this call, they will discuss financial outcomes, offer a business update, and answer investor questions. Interested parties can join through a live webcast or by phone after pre-registering online. A replay of the call will be available shortly after the event on Cooper Standard's investor webpage.
Cooper Standard (NYSE:CPS) appointed Amy Kulikowski as vice president of global internal audit and compliance, effective September 20, 2021. Kulikowski replaces Becky McCabe, now the chief accounting officer. With over 23 years of experience in accounting and finance, she will lead the company's internal audit and compliance strategies, focusing on the Sarbanes-Oxley program and enterprise risk management. Previously, she served in key roles at BorgWarner and Delphi Technologies, enhancing Cooper Standard's finance team with her expertise.
Cooper Standard (NYSE:CPS) has appointed Soma Venkat as senior vice president and chief information technology officer, effective September 20, 2021. Venkat returns to the company with extensive experience in IT strategy within various sectors, including manufacturing and automotive. He will play a key role in advancing the company’s digital transformation and Driving Value plan. Previously, he served as CIO for IXS and held roles at Cooper Standard from 2016 to 2020. Venkat holds multiple degrees in mathematics and has significant leadership experience in IT.
Cooper-Standard Holdings (NYSE: CPS) will present at the virtual 2021 J.P. Morgan Auto Conference on August 12 at 12:40 p.m. ET. CEO Jeffrey Edwards will discuss the company's business strategies. The presentation will be available via a live webcast on Cooper Standard's website. The company, headquartered in Northville, Mich., is a global supplier of sealing and fluid handling systems, employing about 25,000 people in 21 countries. For live updates, visit here.
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Cooper-Standard Holdings (NYSE: CPS) announced the appointment of Christine M. Moore to its Board of Directors, effective August 1, 2021. Moore brings nearly 30 years of experience in accounting and auditing, currently serving as executive vice president at Comerica Bank. Her expertise in internal audit and risk oversight aims to enhance the Board's effectiveness and value delivery. Her term will last until the 2022 annual meeting of shareholders, adding fresh perspectives to Cooper-Standard's strategic direction.
Cooper Standard Holdings (NYSE: CPS) will participate in the 2021 Deutsche Bank Global Auto Industry Conference on June 16 at 3:45 p.m. ET. CEO Jeffrey Edwards and CFO Jonathan Banas will address the company's strategies and engage in a fireside chat format. A live webcast will be available on Cooper Standard's Investor Relations website. Cooper Standard is recognized as a key supplier in the automotive market, operating globally with approximately 25,000 employees and presence in 21 countries.
Cooper Standard (NYSE:CPS) has released its 2020 Corporate Responsibility Report, titled "Stronger: Teams, Partnerships, Business," highlighting its record safety achievements, customer recognition, and initiatives during COVID-19. The report outlines the company's long-term ESG goals, including improving workforce diversity, enhancing workplace safety, and increasing community involvement. CEO Jeffrey Edwards emphasized the firm's commitment to sustainability and plans for updated ESG goals post a materiality assessment in 2021. Detailed metrics are available in the full report.
NORTHVILLE, MI, May 6, 2021 – Cooper-Standard Holdings reported a 2.1% sales increase to $669 million for Q1 2021, with organic growth at 6.3%. Gross profit margin rose by 360 basis points. The net loss narrowed by 69.4% to $33.9 million, or $(2.00) per share, compared to $(6.55) per share the previous year. Adjusted EBITDA surged 366% to $38.5 million. The company anticipates a rebound in automotive production in the latter half of the year despite ongoing supply chain challenges. New business awards in Q1 reached $40 million, with a significant portion linked to electric vehicle platforms.
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