Cooper Standard hits Q2 records despite Europe woes

Novi, Michigan – Cooper-Standard Holdings Inc. has posted “record” sales and earnings (adjusted EBITDA), which increased respectively 3.4% to $909.1 million and 4.8% to $113.8 million in the second-quarter, the company announced 3 Aug.

The US company linked the higher sales to better volume and mix, and the impact of acquisitions and divestitures, partially offset by price reductions and negative foreign currency exchange rates.

Cooper-Standard attributed the earnings gains to operating efficiencies, the impact of acquisitions and divestitures, and supply-chain optimisation. The factors more than offset an unfavourable…

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