Cooper-standard Holdings (CPS) Reports Q3 EPS of $1.05, Revenues Beat; Offers FY18 Revenue Outlook

Cooper-standard Holdings (NYSE: CPS) reported Q3 EPS of $1.05, versus $2.34 reported last year. Revenue for the quarter came in at $861.7 million versus the consensus estimate of $851.1 million.

"In the third quarter, challenging market conditions, especially in Asia and Europe, and increasing commodity costs negatively impacted our results," stated Jeffrey Edwards, chairman and CEO of Cooper Standard. "Our global team is focused on improving our operating efficiency and executing our strategy to help offset these negative market impacts and drive improving returns going forward. We believe the long-term outlook for Cooper Standard remains positive with opportunities for profitable growth and value creation in both our automotive and non-automotive businesses."

GUIDANCE:

Cooper-standard Holdings sees FY2018 revenue of $3.63-3.68 billion, versus the consensus of $3.67 billion.

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

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