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Dec 31, 2020
Cooper Standard Q4 2020 Earnings Report
Improved net loss and adjusted EBITDA due to ongoing cost reduction and margin enhancement initiatives.
Key Takeaways
Cooper Standard reported improved fourth-quarter results, with a 60% improvement in net loss and a significant increase in adjusted EBITDA. The company's cost reduction and strategic initiatives drove these improvements, positioning it for further growth in 2021 and beyond.
Net loss improved by 60% to $27.2 million, or $(1.61) per fully diluted share.
Adjusted net income improved to $3.3 million, or $0.19 per fully diluted share.
Adjusted EBITDA totaled $57.0 million, a 122% increase over Q4 2019.
Year-end cash balance was $438 million, with total liquidity of $589 million.
Forward Guidance
The Company has issued 2021 full year guidance as follows: Sales $2.5 - $2.7 billion Adjusted EBITDA $180 - $200 million Capital Expenditures $100 - $125 million Cash Restructuring $50 - $55 million Cash Taxes $10 - $15 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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