Cooper-standard Holdings (CPS) Misses Q3 EPS by 26c, Beats on Revenues; Boosts FY17 Revenue Guidance Above Consensus

Cooper-standard Holdings (NYSE: CPS) reported Q3 EPS of $2.11, $0.26 worse than the analyst estimate of $2.37. Revenue for the quarter came in at $869 million versus the consensus estimate of $844.14 million.

Outlook 2017

Based on the results achieved in the third quarter and year-to-date, the Company has raised full-year guidance for sales and tightened the guidance range for full-year adjusted EBITDA margin.

GUIDANCE:

Cooper-standard Holdings sees Q4 2017 revenue of $3.58-3.61 billion, versus the consensus of $3.55 billion.

Third Quarter 2017 Highlights

• Sales increased to a third quarter record $869.0 million
• Net income totaled $24.6 million or $1.32 per diluted share
• Adjusted EBITDA totaled $96.0 million or 11.1 percent of sales
• Adjusted net income totaled $39.5 million or $2.11 per diluted share
• Net new business awards totaled $108.1 million for the quarter, $345.3 million year-to-date

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

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Accenture (ACN) Tops Q3 EPS by 8c, Misses on Revenue; Offers FY26 EPS Guidance
• Hermès can regain momentum despite China weakness, Jefferies says