NYSE$CPS

Cooper-Standard Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported a sequential increase in sales and improved profitability compared to the third quarter of 2021, but faced challenges from supply chain constraints and increased costs.

Cooper Standard's Q4 2021 results showed a sequential improvement in sales and profitability compared to Q3 2021. Sales reached $601.3 million, a 14% increase from the previous quarter. The company reported a net loss of $102.2 million, which was better than the previous quarter. Despite these improvements, the company faced headwinds from supply chain issues and increased material and labor costs.

  • Sales increased sequentially by 14% compared to third quarter 2021, reaching $601.3 million.
  • Net loss improved sequentially by 17% compared to third quarter 2021, with a reported loss of $102.2 million.
  • Adjusted EBITDA increased sequentially by $35.9 million as compared to third quarter 2021, reaching $2.0 million.
  • The company received net new business awards representing approximately $26 million in incremental anticipated future annualized sales.

Headline financials

Total Revenue

$601M

Previous: $697M-13.7%
EPS (adj)

-$2.94

Previous: $0.19-1647.4%
Net Income

-$102M

Previous: -$27.2M-276.0%
Operating Income

-$58.9M

Previous: -$18.7M-215.3%
Gross Profit

$28M

Previous: $80.3M-65.1%
Cash & Equivalents

$248M

Previous: $438M-43.4%
Total Assets

$2.23B

Previous: $2.61B-14.8%
Stock-Based Comp

$793K

Previous: $3.46M-77.1%

Revenue & EPS history

Cooper Standard · Revenue · Quarterly

$601M

Q4 2021-13.7%vs Q4 2020
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Forward guidance

Cooper Standard issued its full year 2022 guidance, anticipating sales between $2.6 and $2.8 billion and adjusted EBITDA between $50 and $60 million.

Tailwinds

  • Sales: $2.6 - $2.8 billion
  • Adjusted EBITDA: $50 - $60 million
  • Capital Expenditures: $90 - $100 million
  • Cash Restructuring: $20 - $30 million
  • Net Cash Taxes / (Refund): $(30) - $(40) 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 2021

Historical avgQ4 2021

+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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