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.
Overview of Cooper-Standard Holdings Inc. (NYSE: CPS)
Cooper-Standard Holdings Inc., headquartered in Northville, Michigan, is a leading global supplier of sealing systems and fluid handling systems for the automotive industry. With a robust presence in over 20 countries, the company leverages its expertise in materials science and advanced manufacturing to deliver innovative and sustainable engineered solutions. Its primary customers include automotive original equipment manufacturers (OEMs) and the replacement market, underscoring its critical role in the global automotive supply chain.
Core Business Segments
Cooper-Standard operates through two primary business segments:
- Sealing Systems: These products are designed to enhance vehicle performance by providing superior sealing solutions for doors, windows, and other vehicle components. They contribute to noise reduction, thermal insulation, and overall vehicle durability.
- Fluid Handling Systems: This segment encompasses fuel and brake delivery systems, as well as fluid transfer systems. These products are integral to vehicle safety and efficiency, particularly in the context of evolving thermal management needs for electric and hybrid vehicles.
Innovation and Competitive Edge
Cooper-Standard is distinguished by its commitment to innovation and engineering excellence. The company has been at the forefront of developing lightweight materials and advanced thermoplastic solutions, which are increasingly critical in the transition to electric vehicles (EVs). For example, its proprietary eCoFlow™ product line simplifies fluid handling systems, improving efficiency and reducing vehicle weight—key factors in enhancing EV range and reducing costs. This focus on innovation enables Cooper-Standard to remain competitive in a rapidly evolving industry.
Global Reach and Market Relevance
With operations spanning North America, Europe, Asia Pacific, and South America, Cooper-Standard has established itself as a truly global entity. Its diverse geographic footprint allows it to serve a wide range of automotive OEMs, catering to both traditional internal combustion engine (ICE) vehicles and the growing market for hybrid and battery electric vehicles (BEVs). This adaptability positions the company as a vital partner for automakers navigating the industry's shift toward electrification.
Operational Excellence
Cooper-Standard's success is underpinned by its unwavering commitment to operational efficiency and process standardization. The company employs lean manufacturing principles and leverages vertical integration to optimize its production processes. These initiatives not only enhance product quality and reliability but also enable the company to mitigate cost pressures and maintain competitive pricing.
Challenges and Industry Dynamics
Like many in the automotive supply chain, Cooper-Standard faces challenges such as inflationary pressures, foreign exchange volatility, and fluctuations in global vehicle production volumes. However, its strategic focus on cost optimization and its ability to secure new business awards on hybrid and electric vehicle platforms demonstrate its resilience and adaptability in a competitive landscape.
Conclusion
Cooper-Standard Holdings Inc. is a cornerstone of the global automotive industry, delivering critical systems that enhance vehicle performance, safety, and efficiency. Through its focus on innovation, operational excellence, and customer-centric solutions, the company continues to adapt to the evolving demands of the market, particularly in the context of electrification and sustainability. With a strong engineering foundation and a global footprint, Cooper-Standard is well-positioned to support the transportation industry's ongoing transformation.
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.
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.
FAQ
What is the current stock price of Cooper-Standard Holdings (CPS)?
What is the market cap of Cooper-Standard Holdings (CPS)?
What does Cooper-Standard Holdings Inc. do?
What are Cooper-Standard's primary business segments?
How does Cooper-Standard support the electric vehicle market?
Who are Cooper-Standard's main customers?
What geographic regions does Cooper-Standard operate in?
What challenges does Cooper-Standard face?
How does Cooper-Standard maintain operational excellence?
What role does innovation play at Cooper-Standard?
What is the significance of Cooper-Standard's eCoFlow™ product line?
How does Cooper-Standard contribute to vehicle sustainability?
