NYSE$CPS
Cooper-Standard Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong sales growth and margin improvement.
Cooper Standard's Q3 2022 sales increased by 24.8% compared to Q3 2021, totaling $657.2 million. The net loss narrowed to $32.7 million, and adjusted EBITDA totaled $20.5 million with margin improvement. The company secured $66 million in net new business awards, including $27 million for electric vehicles.
- Sales totaled $657.2 million, a 24.8% increase compared to Q3 2021.
- Net loss narrowed to $32.7 million, an improvement from the $123.2 million loss in Q3 2021.
- Adjusted EBITDA reached $20.5 million, with an adjusted EBITDA margin improvement of approximately 950 basis points compared to Q3 2021.
- The company achieved $66 million in net new business awards, including $27 million for electric vehicle platforms.
Headline financials
Revenue & EPS history
Cooper Standard · Revenue · Quarterly
$0
Forward guidance
The Company is adjusting its 2022 full year guidance based on industry projections, macroeconomic conditions, customer production schedules and the Company's results to date.
Tailwinds
- Sales are expected to be between $2.45 - $2.55 billion.
- Adjusted EBITDA is projected to be $45 - $50 million.
- Capital Expenditures are anticipated to be $80 - $90 million.
- Cash Restructuring costs are estimated at $20 - $30 million.
- Net Cash Taxes / (Refund) are forecasted to be $(50) - $(55) million.
Headwinds
- Industry projections for global light vehicle production growth have moderated.
- OEM production schedules remain erratic.
- Actual volumes are falling well short of industry forecasts.
- Continuing material cost inflation.
- Higher labor costs and other inflationary headwinds.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+2.0%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+1.6%
Avg return
30 days after
51%
32 / 63 earnings
Positive
+70.6%
Q2 2022
Best reaction
-26.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -4.8% | -4.1% | |
| Q4 2025 | +32.4% | +14.1% | -14.3% | |
| Q3 2025 | -18.2% | -19.0% | -12.6% | |
| Q1 2025 | +42.0% | +64.8% | +51.4% | |
| Q4 2024 | -9.3% | +1.9% | -6.4% | |
| Q3 2024 | +8.4% | +12.3% | +13.4% | |
| Q2 2024 | -3.9% | -9.1% | +4.5% | |
| Q1 2024 | -7.5% | -9.9% | -18.7% | |
| Q4 2023 | -23.9% | -21.9% | -23.8% | |
| Q3 2023 | +49.6% | +53.5% | +48.9% | |
| Q2 2023 | +14.4% | +3.4% | -18.7% | |
| Q1 2023 | -15.0% | -12.9% | -12.2% | |
| Q4 2022 | -17.3% | -19.3% | -29.3% | |
| Q3 2022 | -26.2% | -20.0% | -27.7% | |
| Q2 2022 | +70.6% | +94.2% | +61.4% | |
| Q1 2022 | +6.8% | -6.0% | +0.7% | |
| Q4 2021 | -9.2% | -19.7% | -30.8% | |
| Q3 2021 | -18.3% | -16.7% | -18.2% | |
| Q2 2021 | -21.0% | -12.0% | -16.7% | |
| Q1 2021 | +19.1% | +7.4% | +5.6% | |
| Q4 2020 | -12.3% | -0.2% | +11.1% | |
| Q3 2020 | +58.5% | +91.1% | +133.7% | |
| Q2 2020 | +7.4% | +16.0% | +44.9% | |
| Q1 2020 | -5.1% | -17.6% | +38.0% | |
| Q4 2019 | -12.8% | -16.0% | -48.4% | |
| Q3 2019 | +4.4% | +9.2% | -20.7% | |
| Q2 2019 | -10.8% | -17.3% | -24.3% | |
| Q1 2019 | +6.6% | +9.4% | -23.7% | |
| Q4 2018 | -12.7% | -16.4% | -28.5% | |
| Q3 2018 | -21.8% | -20.1% | -21.1% | |
| Q2 2018 | +6.3% | +6.8% | +4.6% | |
| Q1 2018 | -1.2% | -3.3% | +0.3% | |
| Q4 2017 | +5.4% | +5.8% | +5.4% | |
| Q3 2017 | +5.0% | +6.3% | +14.5% | |
| Q2 2017 | +3.2% | +3.3% | +4.9% | |
| Q1 2017 | -4.5% | -3.6% | -2.7% | |
| Q4 2016 | +3.3% | +8.1% | +6.2% | |
| Q3 2016 | +0.5% | -3.6% | +5.6% | |
| Q2 2016 | -1.7% | -2.0% | +9.8% | |
| Q1 2016 | +6.4% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | +7.1% | — | — | |
| Q2 2015 | +9.7% | — | — | |
| Q1 2015 | +8.0% | — | — | |
| Q4 2014 | -3.3% | — | — | |
| Q3 2014 | -4.1% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | -3.2% | — | — | |
| Q4 2012 | +2.0% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q3 2012 | +2.2% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2011 | -3.0% | — | — | |
| Q1 2012 | -2.1% | — | — | |
| Q3 2011 | +0.0% | — | — | |
| Q2 2011 | +6.2% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | +2.1% | — | — | |
| Q1 2010 | — | — | — |
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