Cooper Standard reports strong 2016 financials

Novi, Michigan – Cooper Standard Automotive Inc. reported increases in both net income and sales for the fourth quarter and full-year 2016.

The firm’s net income for the year came in at $139 million (€131 million), up from $111.9 million in 2016. Sales also increased to $3.47 billion, an increase from $3.34 billion in 2015.

Fourth quarter net income increased by about $10.5 million to $32 million in 2016 while sales increased 2.5% to $875.4 million, up from $854.4 million in 2015. Cooper Standard attributed the quarterly…

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