Asia helps Cooper Standard to record Q3 sales and earnings

Novi, Michigan – Cooper-Standard Holdings Inc. has notched up “record” sales and profits in the third quarter, with earnings (adjusted EBITDA) up 7.9% year-on-year to $100.8 million (€01.7 million), on sales 3.4% higher at $855.7 million.

Welcoming an eighth consecutive quarterly improvement in earnings and margins, Jeffrey Edwards, chairman and CEO of Cooper Standard declared: “We continue to drive value through culture, innovation and results.”

The sales gains were linked to “favourable volume and mix” partially offset by price adjustments,  currency movements and the net impact of…

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