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Dec 31, 2023
Cooper Standard Q4 2023 Earnings Report
Cooper Standard's Q4 2023 results reflected improved financial performance driven by increased sales and improved cash flow.
Key Takeaways
Cooper Standard reported Q4 2023 sales of $673.6 million, a 3.7% increase compared to Q4 2022. The company's net loss improved by $32.9 million to $55.2 million, and net cash provided by operating activities increased by $105.5 million to $79.7 million.
Sales totaled $673.6 million, up 3.7% year-over-year.
Gross profit reached $64.7 million, a 19.1% increase compared to the previous year.
Net loss improved by $32.9 million to $55.2 million, or $(3.16) per diluted share.
Net cash provided by operating activities improved by $105.5 million to $79.7 million.
Revenue by Segment
Forward Guidance
Cooper Standard expects to leverage enhanced commercial agreements and operating efficiencies to offset continued inflationary pressures, leading to improved financial results in 2024.
Positive Outlook
- Industry projections anticipate global light vehicle production volumes in line with 2023 levels.
- Company expects to continue leveraging enhanced commercial agreements.
- Company expects to continue leveraging operating efficiencies.
- Company expects to offset continued inflationary pressures.
- Company management expects to deliver improved financial results in 2024 vs. 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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