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Dec 31, 2021
Cooper Standard Q4 2021 Earnings Report
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.
Key Takeaways
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.
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.
Positive Outlook
- 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
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Avg. Return Before/After Earnings
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