Loading...
•
Sep 30, 2020
Cooper Standard Q3 2020 Earnings Report
Improved third quarter results as ROIC expansion initiative gained traction.
Key Takeaways
Cooper Standard reported sales of $683.2 million and a net income of $4.4 million, or $0.26 per diluted share, for the third quarter of 2020. Adjusted EBITDA increased by 19% year-over-year to $64.1 million, and the company generated strong free cash flow of $89.2 million.
Sales totaled $683.2 million.
Net income was $4.4 million or $0.26 per diluted share, compared to a net loss of $4.9 million in the prior year period.
Adjusted EBITDA increased by 19 percent year-over-year to $64.1 million, representing 9.4 percent of sales.
Free cash flow was strong at $89.2 million, with a cash balance of $462.7 million at quarter end.
Forward Guidance
Due to the uncertainty of the global economy and automotive industry caused by increasing COVID-19 cases, Cooper Standard is not issuing formal financial guidance. However, the leadership team remains positive about improving returns on invested capital over the next two years.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...