Mexican Media Brands
Cooper Standard Posts First-Quarter Sales Record
Cooper-Standard Holdings Inc. reports its sales climbed 8% to a record $863 million in January-March.
#economics
Share
Cooper-Standard Holdings Inc. reports its sales climbed 8% to a record $863 million in January-March. Operating profit nearly doubled to $62 million. Net income surged 46% to $31 million.
The Novi, Mich.-based supplier of automotive sealing, fluid delivery and anti-vibration products says first-quarter sales in North America rose 8% to $450 million. Revenue advanced 1% to $269 million in Europe and 48% to $127 million in Asia Pacific. Sales fell 46% to $16 million in South America.
Cooper Standard anticipates further improvements in growth, profits and cash flow this year. The company reiterates its guidance of full-year revenue of about $3.4 billion compared with a record $3.3 billion in 2015.
RELATED CONTENT
-
Fuel Economy Gains in July
What you’re looking at here is a sales-weighted fuel economy chart (the numbers in the white boxes represent miles per gallon) that was put together by two diligent researchers, Michael Sivak and Brandon Schoettle, of the University of Michigan Transportation Research Institute.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.