Cooper-Standard reports Q3 EPS (68c) vs. 85c last year

Reports Q3 revenue $736.0M vs. last year. “Our intense focus on lean initiatives and operating efficiency is driving cost savings as planned,” said Jeffrey Edwards, CEO. “This is helping to offset the headwinds from lower production volume and unfavorable foreign exchange that have persisted during the first nine months of the year. We are pleased that continued operational excellence has enabled us to keep our full year outlook for profit and cash flow essentially in line with our original expectations, despite the weaker market conditions.”