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Cooper Standard Posts Record Results for 2015
Fourth-quarter sales climbed 11% to $854 million, and operating profits surged nearly fourfold to $28 million for fluid transfer and anti-vibration systems supplier Cooper-Standard Holdings Inc.
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Fourth-quarter sales climbed 11% to $854 million, and operating profits surged nearly fourfold to $28 million for fluid transfer and anti-vibration systems supplier Cooper-Standard Holdings Inc.
Net income for the period swung to a $22 million profit from a $12 million loss in October-December 2014. Adjusted earnings before interest, taxes, depreciation and amortization climbed 27% to $91 million.
Cooper Standard’s full-year operating profit grew 7% to $175 million, and adjusted EBITDA grew 16% to $362 million. Net income surged to $112 million from $45 million in 2015. Sales for the year were flat at $3.3 billion.
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