Cooper-standard Holdings (CPS) Tops Q1 EPS by 43c, Beats on Revenue; Reiterates FY17 Guidance

Cooper-standard Holdings (NYSE: CPS) reported Q1 EPS of $2.95, $0.43 better than the analyst estimate of $2.52. Revenue for the quarter came in at $902.1 million versus the consensus estimate of $869.95 million.

GUIDANCE:

Cooper-standard Holdings sees FY2017 revenue of $3.48-3.53 billion, versus the consensus of $3.51 billion.

First Quarter 2017 Highlights

• Sales increased 4.6 percent to a record $902.1 million
• Net income increased 33.1 percent to a strong $41.7 million or $2.20 per diluted share
• Adjusted EBITDA increased 7.2 percent to a record $111.0 million
• Adjusted net income increased 16.0 percent to $55.9 million or $2.95 per diluted share
• First major production order for Fortrex™ awarded

For earnings history and earnings-related data on Cooper-standard Holdings (CPS) click here.

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