NYSE$CPS

Cooper-Standard Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported a loss in Q4 2019 due to weak light vehicle production and commercial pressures in Asia.

Cooper Standard reported a net loss of $67.4 million for the fourth quarter of 2019. Weak light vehicle production and commercial pressures in Asia negatively impacted financial results. Despite these challenges, the company generated positive free cash flow.

  • Net new business awards totaled $191 million in the quarter.
  • Contract awards related to the Company’s innovation products totaled $104 million in the quarter.
  • The company successfully conducted 73 new launches of customer programs, an increase of 30 percent over the same period a year ago.
  • Fourth quarter cash from operating activities was $68 million and free cash flow was $34 million.

Headline financials

Total Revenue

$726M

Previous: $872M-16.7%
EPS (adj)

-$1.32

Previous: $1.53-186.3%
Net New Business Awards

$191M

No prior period
Free Cash Flow

$34.4M

No prior period
Net Income

-$67.4M

Previous: -$23.1M-192.3%
Operating Income

-$55.1M

Previous: -$67.7M+18.6%
Gross Profit

$73.9M

Previous: $112M-33.8%
Cash & Equivalents

$360M

Previous: $265M+35.7%
Total Assets

$2.64B

Previous: $2.62B+0.4%
Stock-Based Comp

$1.57M

Previous: -$5.6M+128.1%

Revenue & EPS history

Cooper Standard · Revenue · Quarterly

$726M

Q4 2019-16.7%vs Q4 2018
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Forward guidance

Based on the outlook for the global automotive industry, macroeconomic conditions, current customer production schedules and the company's own operating plans, including the estimated first quarter impact of the coronavirus outbreak in China, the Company has issued 2020 full year guidance.

Tailwinds

  • Sales $2.85 - $3.05 billion
  • Adjusted EBITDA $150 - $185 million
  • Free Cash Flow Positive

Headwinds

  • Capital Expenditures $140 - $150 million
  • Cash Restructuring $30 - $40 million
  • Cash Taxes $10 - $15 million

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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