Cooper Standard Reports Second Quarter Results
(World News Cezch Republic)

PDF Version NORTHVILLE, MI / ACCESSWIRE / August 4, 2020 / Cooper-Standard Holdings Inc. (NYSE:CPS) today reported results for the second quarter 2020. Second Quarter 2020 Summary Sales totaled $340.5 million, significantly impacted by industry-wide shutdowns Net loss of $134.2 million or $(7.93) per diluted share Adjusted EBITDA of $(93.8) million or (27.5) percent of sales Adjusted net loss of $111.8 million or $(6.61) per diluted share Strong cash balance of $388.0 million at quarter end Contract awards related to the Company`s innovation products totaled $54 million `We are continuing to ramp-up our global operations following the extended industry-wide shutdown,` said Jeffrey Edwards,...