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Cooper Standard Posts Record Sales
Cooper-Standard Holdings Inc.’s revenue in the second quarter rose 2% to a record $879 million, and net income gained 12% to $40.9 million.
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Cooper-Standard Holdings Inc.’s revenue in the second quarter rose 2% to a record $879 million, and net income gained 12% to $40.9 million.
The Novi, Mich.-based supplier of sealing, tubing and anti-vibration reports its adjusted earnings before interest, taxes, depreciation and amortization jumped 12% to a record $109 million. It was the seventh consecutive quarter of year-on-year EBITDA growth.
The company, predicting continued strong sales and earnings this year, raised its revenue and adjusted EBITDA margin guidance.
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