Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cooper-Standard Holdings (CPS)
NYSE:CPS
RESEARCH TOOLSreports
Holding CPS?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
-$1.79Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 6.14%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance, cost savings, and sustainability achievements, while also addressing challenges such as decreased sales, net loss, and unfavorable foreign exchange impacts. The company remains optimistic about future profitability through continued cost optimization and new business awards.Company Guidance
During Cooper-Standard's Q3 2024 earnings call, the company provided guidance reflecting strong operational and safety performance. Key metrics included a total incident rate of 0.20 reportable incidents per 200,000 hours worked, and a 98% success rate on customer scorecards for product quality. Cost optimization efforts yielded $15 million in savings through lean initiatives, with an additional $10 million in savings from restructuring, aiming for $40-45 million in annualized savings. The company secured $44 million in net new business awards, contributing to an expected full-year sales range of $2.7 billion to $2.75 billion and adjusted EBITDA of $180 million to $195 million. Despite facing challenges like lower production volumes and unfavorable foreign exchange rates, Cooper-Standard remains confident in achieving its financial objectives, including double-digit return on invested capital by the end of 2025.Operational Excellence and Safety
98% of customer scorecards were green for product quality. Achieved best ever safety performance with a total incident rate of 0.20, below the world-class benchmark of 0.47.
Cost Optimization and Savings
Realized $15 million in savings through lean initiatives and $10 million from restructuring initiatives. On track to achieve $40 million to $45 million in fully annualized savings.
New Business Awards
Awarded $44 million in net new business during the third quarter, reflecting strong customer trust and innovation across ICE, hybrid, and battery electric vehicles.
Sustainability Recognition
Received EcoVadis Silver Medal, placing in the top 15% of companies for sustainability performance.
Cash Flow and Liquidity Improvement
Generated $28 million in net cash from operating activities, resulting in a positive free cash flow of $17 million. Ended the quarter with $281 million in total liquidity.
---
CPS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CPS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $12.55 | $14.75 | +17.53% |
| Aug 01, 2024 | $13.73 | $14.20 | +3.42% |
| May 06, 2024 | $16.57 | $14.94 | -9.84% |
| Feb 15, 2024 | $19.20 | $14.16 | -26.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Cooper-Standard Holdings (CPS) report earnings?
Cooper-Standard Holdings (CPS) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Cooper-Standard Holdings (CPS) earnings time?
Cooper-Standard Holdings (CPS) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPS EPS forecast?
CPS EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
---