News & Videos - COOPER-STANDARD HLD.

Cooper Standard Cooper Standard Announces Fully Backstopped Private Offering of New First Lien Notes and Private Exchange Offer and Consent Solicitation for Existing Senior Notes as Part of Refinancing Transactions 20-Dec-2022 / 00:48 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) (“CPS”) today announced the commencement by CPS’ wholly-owned subsidiary, Cooper Standard Automotive Inc. (the “Issuer”), of (i) a fully backstopped private offering (the “Concurrent Notes Offering”)...

Cooper Standard Cooper Standard Named to Newsweek’s America’s Most Responsible Companies 2023 List for Fourth Consecutive Year 08-Dec-2022 / 14:30 CET/CEST Cooper Standard (NYSE: CPS) is pleased to announce that it has been named to Newsweek’s list of America’s Most Responsible Companies 2023 for the fourth consecutive year. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. America’s Most Responsible...

Cooper Standard Cooper Standard Announces Realignment of Responsibilities Within its Global Leadership Team to Balance Focus on Key Strategic Initiatives 17-Nov-2022 / 22:30 CET/CEST Cooper Standard (NYSE: CPS) today announced the realignment of certain responsibilities within its Global Leadership Team to create greater management synergies and focus on key strategic initiatives. The following changes are effective immediately. Patrick Clark, senior vice president and managing director - global...

Cooper Standard Cooper Standard Announces Execution of Transaction Support Agreement 15-Nov-2022 / 14:00 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) (“CPS”) today announced it and certain of its subsidiaries had entered into a transaction support agreement (the “TSA”) with an ad hoc committee of holders (the “Consenting Noteholders”) of approximately 62.7% of the aggregate principal amount of the 5.625% Senior Notes due 2026 (the “2026 Senior Notes”) issued by...

Cooper Standard Cooper Standard’s Thermoplastic Thermal Management Solution for Battery Electric Vehicles Wins SPE® Automotive Innovation Award 14-Nov-2022 / 22:30 CET/CEST Cooper Standard (NYSE: CPS) is pleased to announce that it has earned an Automotive Innovation Award from the Society of Plastics Engineers (SPE) for its Thermoplastic BEV (battery electric vehicle) Thermal Management Solution supplied to the 2023 General Motors Co. Cadillac Lyriq. Cooper Standard was recognized during the...

Cooper Standard Cooper Standard Adopts Tax Benefits Preservation Plan to Protect its Tax Benefits and Shareholder Value 07-Nov-2022 / 22:06 CET/CEST Cooper-Standard Holdings Inc. (“Cooper Standard” or the “Company”) (NYSE: CPS) today announced that its Board of Directors (the “Board”) adopted a tax benefits preservation plan (the “Rights Agreement”) in an effort to protect stockholder value by attempting to protect against a possible limitation on the Company’s ability to use...

Cooper Standard Cooper Standard Reports Strong Sales Growth and Margin Improvement in Third Quarter 2022 01-Nov-2022 / 22:57 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2022. Third Quarter 2022 Summary Sales totaled $657.2 million, an increase of 24.8% compared to third quarter 2021 Net loss narrowed to $32.7 million or $(1.90) per diluted share compared to a net loss of $123.2 million or $(7.20) per diluted share in the third quarter 2021...

Cooper Standard Cooper Standard Announces Date for Release of Third Quarter 2022 Results, Provides Details for Management Conference Call 18-Oct-2022 / 22:31 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the third quarter 2022 on Tuesday, November 1 after market close. The Company’s earnings results will be posted to the Cooper Standard website ( http://www.ir.cooperstandard.com ) once released. Cooper Standard will host a conference call on...

Cooper Standard Holdings Inc. Cooper Standard Announces Joint Development Agreement of Innovative Dynamic Fluid Control Technology for the Electric Vehicle Market 09-Aug-2022 / 14:30 CET/CEST Cooper Standard (NYSE: CPS) today announced a joint development agreement with Industrie Saleri Italo S.p.A. (Saleri) to create a novel family of high-performance coolant fluid management devices for the battery electric vehicle market (EV). These new products combine the functionality of pumps with...

Cooper Standard Holdings Inc. Cooper Standard Reports Second Quarter Results, Reaffirms Full-year Guidance for Adjusted EBITDA 04-Aug-2022 / 23:03 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the second quarter 2022. Second Quarter 2022 Summary Sales totaled $605.9 million, an increase of 13.6% compared to second quarter 2021 Net loss amounted to $33.2 million or $(1.93) per diluted share Adjusted EBITDA totaled $(10.4) million Quarter-end cash balance of $250...

Cooper Standard Holdings Inc. Cooper Standard Announces Date for Release of Second Quarter 2022 Results, Provides Details for Management Conference Call 25-Jul-2022 / 22:30 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the second quarter 2022 on Thursday, August 4 after market close. The Company’s earnings results will be posted to the Cooper Standard website ( http://www.ir.cooperstandard.com ) once released. Cooper Standard will host a...

Cooper Standard Holdings Inc. Cooper Standard Earns Environment + Energy Leader Award for its Fortrex™ Lightweight Elastomeric Material 19-Jul-2022 / 14:30 CET/CEST Cooper Standard (NYSE: CPS), a leading global supplier of systems and components in diverse transportation and industrial markets, today announced that its Fortrex™ lightweight chemistry platform received a Top Product of the Year Award in the Environment + Energy Leader Awards program. The Environment + Energy Leader Awards...

Cooper Standard Holdings Inc. Cooper Standard Promotes Nudd to Vice President, Global Internal Audit and Compliance 22-Jun-2022 / 14:30 CET/CEST Cooper Standard (NYSE: CPS) today announced the promotion of Alison Nudd to vice president, global internal audit and compliance effective August 1, 2022. She replaces Amy Kulikowski who was recently promoted to vice president, chief accounting officer, Cooper Standard. In her new position, Nudd will provide leadership, strategy and planning for Cooper...

Cooper Standard Holdings Inc. Cooper Standard Retains Goldman Sachs as Financial Advisor to Assist with Refinancing its Capital Structure 14-Jun-2022 / 22:30 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) (the “Company”) announced today that it has retained Goldman Sachs & Co. LLC as financial advisor to assist the Company in analyzing and evaluating potential alternatives for refinancing its capital structure. As of March 31, 2022, Cooper Standard had total liquidity of $395.6 million,...

Cooper Standard Holdings Inc. Cooper Standard Promotes Kulikowski to Chief Accounting Officer 13-Jun-2022 / 22:30 CET/CEST Cooper Standard (NYSE: CPS) today announced the promotion of Amy Kulikowski to vice president, chief accounting officer effective July 11, 2022. She replaces Becky McCabe who is departing the Company to pursue other career opportunities. In her new role, Kulikowski will be responsible for the Company’s accounting function, financial reporting including Securities and...

Cooper Standard Holdings Inc. Cooper Standard 2021 Corporate Responsibility Report Highlights Key Priorities for Sustainability Efforts 18-May-2022 / 14:30 CET/CEST Cooper Standard (NYSE: CPS) today issued its 2021 Corporate Responsibility Report (CRR), titled “Together” to reflect the Company’s updated purpose statement, “Creating Sustainable Solutions Together.” The report offers insights on key topics considered important by the Company's stakeholders, including its 2021 materiality...

Cooper Standard Holdings Inc. Cooper Standard Reports First Quarter Results 05-May-2022 / 22:40 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the first quarter 2022. First Quarter 2022 Summary Sales totaled $613.0 million, reflecting continued weak light vehicle production volume Net loss amounted to $61.4 million or $(3.58) per diluted share Adjusted EBITDA totaled $0.1 million Quarter-end cash balance of $253 million; continuing strong total liquidity of $396...

Cooper Standard Holdings Inc. Cooper Standard Completes Sale of European Property, Adding to Continuing Solid Liquidity Position 02-May-2022 / 15:15 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) has completed the previously announced sale of a non-core real estate asset in Germany. The transaction generated $50 million in cash proceeds, adding to the Company's already strong cash position at the end of the first quarter. The Company expects to lease back a portion of the property until the...

Cooper Standard Holdings Inc. Cooper Standard Announces Date for Release of First Quarter 2022 Results, Provides Details for Management Conference Call 25-Apr-2022 / 14:30 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the first quarter 2022 on Thursday, May 5 after market close. The Company's earnings results will be posted to the Cooper Standard website ( http://www.ir.cooperstandard.com ) once released. Cooper Standard will host a conference...

Cooper Standard Holdings Inc. 11-Apr-2022 / 14:30 CET/CEST Cooper Standard (NYSE: CPS) today announced the appointment of Shannon B. Quinn to vice president, chief commercial and strategy officer. In her new role, Quinn will be responsible for the global commercial group and corporate strategy, and will report to Patrick Clark, senior vice president and managing director - global automotive. Based at the Company's world headquarters in Northville, Quinn will also join Cooper Standard's Global...