Cooper-standard Holdings (CPS) Tops Q1 EPS by 51c

Cooper-standard Holdings (NYSE: CPS) reported Q1 EPS of $3.45, $0.51 better than the analyst estimate of $2.94. Revenue for the quarter came in at $967.4 million versus the consensus estimate of $902.82 million.

• Sales increased 7.2 percent to a record $967.4 million
• Net income reached a first quarter record $56.8 million or $3.07 per diluted share
• Adjusted EBITDA increased to a first quarter record $122.6 million or 12.7 percent of sales
• Adjusted net income increased 14.2 percent to a first quarter record $63.8 million or $3.45 per diluted share
• Net new business awards totaled $140 million for the quarter
• For earnings history and earnings-related data on Cooper-standard Holdings (CPS) click here.

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