Overview

* Cooper Standard ( CPS ) Q2 adjusted EBITDA beats expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus

* Co raises full-year adjusted EBITDA guidance

Outlook

* Cooper Standard ( CPS ) raises full-year adjusted EBITDA guidance to $220 mln-$250 mln

* Company maintains full-year sales guidance at $2.7 bln-$2.8 bln

* Cooper Standard ( CPS ) expects operational excellence to offset impact of lower vehicle production

* Company acknowledges trade-related uncertainties impacting vehicle production

Result Drivers

* EFFICIENCY GAINS - Increased manufacturing and purchasing efficiency drove improvements in adjusted net income and EBITDA

* HEADCOUNT INITIATIVES - Savings from past headcount initiatives contributed positively to financial results

* NEW BUSINESS AWARDS - Co received $77.1 mln in anticipated future annualized sales related to battery-electric and hybrid vehicle platforms

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $706 mln $687 mln

(1

Analyst)

Q2 Beat $0.06 -$0.06

Adjusted (1

EPS Analyst)

Q2 Beat $1 mln -$1 mln

Adjusted (1

Net Analyst)

Income

Q2 Net -$1.40

Income mln

Q2 Beat $62.80 $57 mln

Adjusted mln (1

EBITDA Analyst)

Q2 Gross $93.05

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Cooper-Standard Holdings Inc ( CPS ) is $29.00, about 16% above its July 30 closing price of $24.36

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)