Cooper Standard Reports Third Quarter Results; Continuing Lean Initiatives Delivering Cost Savings as Planned
1. Cooper Standard reports $11.1 million net loss in Q3 2024. 2. Adjusted EBITDA dropped to $46.1 million, down from $79.1 million in Q3 2023. 3. New business awards totaled $44 million, highlighting electric vehicle opportunities. 4. Sales decreased to $685.4 million, affected by lower production volumes. 5. Cash and equivalents at $107.7 million indicate ongoing operational support.