NYSE$CPS
Cooper-Standard Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Cooper Standard's Q3 2024 performance was impacted by lower production volume and unfavorable foreign exchange, but cost savings from lean initiatives helped maintain the full-year outlook.
Cooper Standard reported a net loss of $11.1 million for Q3 2024, with adjusted EBITDA at $46.1 million. Cost savings from lean initiatives partially offset headwinds from lower production volume and unfavorable foreign exchange.
- Realized $24.5 million in savings from lean operations and cost initiatives.
- Reported a net loss of $11.1 million, or $(0.63) per diluted share.
- Achieved adjusted EBITDA of $46.1 million, representing 6.7% of sales.
- Secured net new business awards totaling $44.0 million.
Headline financials
Revenue & EPS history
Cooper Standard · Revenue · Quarterly
$16.8M
Forward guidance
The Company has updated its full-year 2024 guidance, reflecting softening industry projections for global light vehicle production. Savings from aggressive lean cost structure initiatives are expected to drive improvements in profit margins and cash flow in the fourth quarter of 2024 and continuing into 2025.
Tailwinds
- Savings from implemented aggressive lean cost structure initiatives will help drive improvements in profit margins and cash flow in the fourth quarter of 2024 and continuing into 2025.
Headwinds
- Industry projections for full-year global light vehicle production in 2024 have been softening since the beginning of the year and are now slightly lower than levels realized in 2023.
- Inflation and unfavorable foreign exchange are expected to continue as 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 2024
+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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