Cooper Standard Announces Preliminary First Quarter 2020 Results; Evaluating Opportunities to Further Strengthen Balance Sheet
Cooper-Standard Holdings Inc. (CPS)
Last cooper-standard holdings inc. earnings: 2/24 06:47 pm
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US:NYSE Investor Relations:
ir.cooperstandard.com/investor-relations
Company Research
Source: PR Newswire
NORTHVILLE, Mich., April 30, 2020 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS), a leading global supplier of sealing, fuel and brake and fluid transfer systems for transportation and industrial markets, today reported certain preliminary financial results for the quarter ended March 31, 2020. Preliminary results for the quarter include:Sales of approximately $655 million Adjusted EBITDA in the range of $5 million to $10 million Net cash used in operating activities in the range of $0 to $5 million Capital expenditures of approximately $50 millionAs of March 31, 2020, the Company had cash and cash equivalents totaling $302 million and $146 million of availability under its asset backed credit facility ("ABL facility"), for total liquidity of $448 million. However, the borrowing base of the ABL facility, which is primarily based on the Company's U.S. and Canadian accounts receivable and inventory, is expected to decline over time until the Company's customers resume pr
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- Cooper Standard Recognized for Sixth Year on Newsweek's America's Most Responsible Companies ListPR Newswire
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CPS
Sec Filings
- 11/13/24 - Form SCHEDULE
- 11/1/24 - Form 10-Q
- 11/1/24 - Form 8-K
- CPS's page on the SEC website