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Cooper Standard

OverviewSuggest Edit

Cooper-Standard Automotive Inc., headquartered in Novi, Michigan, is an automotive supplier specializing in the manufacture and marketing of systems and components for the automotive industry. The Company's products include body sealing systems, fluid handling systems, and NVH control systems and are used in passenger vehicles and light trucks. In addition to the light vehicles, Cooper Standard leverages core product technology into adjacent markets — commercial vehicle (on-highway and off-highway), specialty markets and technical rubber.

TypePublic
Founded2004
HQNovi, USMap
Websitecooperstandard.com
Employee Ratings3.5More
View Jobs (67)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)32,000
Job Openings67
Revenue (FY, 2018)$0
Share Price (Dec 2019)$27.9 (-3%)

Key People/Management at Cooper Standard

Jeffrey S. Edwards

Jeffrey S. Edwards

Chairman and Chief Executive Officer
Jonathan P. Banas

Jonathan P. Banas

Executive Vice President and Chief Financial Officer
Gabrielle Corrent

Gabrielle Corrent

Vice President, Strategy and Mergers & Acquisitions
Jeffrey A. Debest

Jeffrey A. Debest

Senior Vice President and President, Advanced Technology Group
Susan P. Kampe

Susan P. Kampe

Senior Vice President, Chief Information Officer
Aleksandra A. Miziolek

Aleksandra A. Miziolek

Senior Vice President, General Counsel and Secretary
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Cooper Standard Office Locations

Cooper Standard has offices in Novi, Auburn Hills, Boiling Springs, Bowling Green and in 75 other locations
Novi, US (HQ)
39550 Orchard Hill Pl
Auburn Hills, US
2110 Executive Hills Ct
Auburn Hills, US
2650 N Opdyke Rd
Boiling Springs, US
100 Quality Way #6070
Bowling Green, US
1175 N Main St
Dennison, US
30 S 4th St
Show all (98)

Cooper Standard Financials and Metrics

Cooper Standard Revenue

USD

Gross profit (Q3, 2019)

(659.3m)

Net income (Q3, 2019)

(13.9m)

EBIT (Q3, 2019)

(6.8m)

Market capitalization (10-Dec-2019)

469.8m

Closing stock price (10-Dec-2019)

27.9

Cash (30-Sept-2019)

323.1m

EV

882.7m
Cooper Standard's current market capitalization is $469.8 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.1b

Revenue growth, %

5%3%4%

Cost of goods sold

2.6b2.7b2.8b2.8b2.9b3.1b

Gross profit

472.7m(2.7b)(2.8b)(2.8b)(2.9b)(3.1b)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

760.5m708.5m765.3m734.5m684.0m747.6m784.7m764.1m

Cost of goods sold

636.8m600.0m643.6m620.1m581.0m627.3m652.4m649.0m703.3m711.4m669.7m669.2m706.9m679.1m702.7m707.3m691.0m732.0m736.9m718.2m796.5m776.9m742.0m762.5m666.8m659.3m

Gross profit

123.7m108.6m121.7m114.4m103.1m120.3m132.3m115.0m(703.3m)(711.4m)(669.7m)(669.2m)(706.9m)(679.1m)(702.7m)(707.3m)(691.0m)(732.0m)(736.9m)(718.2m)(796.5m)(776.9m)(742.0m)(762.5m)(666.8m)(659.3m)

Gross profit Margin, %

16%15%16%16%15%16%17%15%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

361.7m270.6m184.4m267.3m378.2m480.1m516.0m265.0m

Accounts Receivable

433.9m499.6m365.8m377.0m455.2m460.5m494.0m418.6m

Prepaid Expenses

26.3m21.9m26.9m25.6m30.0m33.2m36.9m

Inventories

139.7m143.3m179.8m166.5m149.6m146.4m170.2m175.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

313.5m286.3m296.0m252.1m217.8m216.7m160.5m119.2m138.0m207.4m244.9m194.4m204.8m232.0m313.1m339.5m360.4m406.9m400.2m373.0m420.2m440.2m282.4m262.2m310.8m323.1m

Accounts Receivable

541.5m499.1m531.5m527.8m543.8m404.9m407.4m429.7m439.1m438.0m394.6m468.6m468.5m474.8m530.6m473.0m506.0m518.6m546.5m571.5m570.5m507.2m462.6m480.8m458.5m462.2m

Prepaid Expenses

25.6m28.3m30.4m27.3m23.6m27.5m30.6m32.5m26.1m26.6m23.5m39.7m34.8m30.5m34.8m35.8m38.0m34.7m39.4m42.7m38.6m36.9m37.2m33.2m32.2m32.8m

Inventories

163.6m160.5m159.4m154.5m161.6m162.9m169.5m186.8m188.6m186.0m181.5m178.9m182.8m172.4m157.6m155.8m161.0m160.6m168.4m179.5m186.0m184.9m182.7m186.3m184.4m178.9m
show all
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

102.8m45.3m45.5m111.8m140.4m138.6m104.6m

Depreciation and Amortization

107.3m111.0m112.6m114.4m122.7m138.1m146.7m

Inventories

(31.8m)888.0k12.8m6.7m(13.9m)1.4m

Accounts Payable

58.4m(11.5m)61.1m70.1m11.4m(32.5m)
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

23.8m101.1m112.7m20.7m48.1m66.3m21.4m35.6m57.8m21.1m57.7m90.2m30.8m71.8m108.4m42.5m84.2m109.6m57.4m100.6m133.3m(3.6m)141.1m125.5m

Depreciation and Amortization

27.8m54.4m79.6m26.0m50.2m83.3m28.3m56.7m84.7m26.6m56.0m85.3m30.2m60.4m91.7m31.9m65.0m99.4m36.3m73.2m109.3m36.6m74.5m112.0m

Cash From Operating Activities

(34.6m)(34.8m)(22.0m)(13.3m)(27.5m)17.6m3.9m54.2m88.7m(9.5m)56.6m110.0m27.9m115.2m182.0m3.6m64.2m104.6m(10.6m)98.3m78.0m(1.8m)(9.0m)29.9m

Purchases of PP&E

(29.2m)(58.5m)(91.5m)(34.3m)(70.1m)(132.8m)(63.8m)(110.8m)(154.3m)(51.3m)(95.9m)(129.7m)(55.1m)(81.4m)(116.8m)(58.3m)(98.1m)(137.4m)(67.9m)(106.7m)(160.1m)(59.6m)(95.5m)(131.1m)
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USDY, 2019

EV/EBIT

-129.4 x

EV/CFO

29.5 x

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.9 x
Show all financial metrics

Cooper Standard Operating Metrics

FY, 2014FY, 2015FY, 2016

Countries

20 20 20

Facilities

97 98 123

Manufacturing Facilities

78 79 90
Show all operating metrics

Cooper Standard Revenue Breakdown

Embed Graph

Cooper Standard revenue breakdown by geographic segment: 16.5% from Asia Pacific, 51.7% from North America, 29.4% from Europe and 2.4% from Other

Cooper Standard Online and Social Media Presence

Cooper Standard's Trends

Embed Graph

Cooper Standard News and Updates

October 24, 2019

Cooper Standard to Host Conference Call on November 6 to Discuss Third Quarter Financial Results

NOVI, Mich., Oct. 24, 2019 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) will hold a conference call on Wednesday, November 6 at 9 a.m. ET. The Company's Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan Banas will discuss Cooper...
October 03, 2019

Thirty-three Cooper Standard Facilities to Host Manufacturing Day Events

NOVI, Mich., Oct. 3, 2019 /PRNewswire/ -- Thirty-three Cooper Standard (NYSE: CPS) facilities are hosting events around the world to celebrate Manufacturing Day throughout October. Cooper Standard will once again open its doors to students and community partners to showcase high tech,...
August 01, 2019

Cooper Standard Reports Second Quarter Results and Announces Significant New Fortrex™ Technology Agreement

NOVI, Mich., Aug. 1, 2019 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the second quarter 2019. Second Quarter 2019 Summary Sales totaled $764.8 million Net income of $145.3 million or $8.36 per diluted share Adjusted EBITDA of $58.1 million or 7.6...
July 18, 2019

Cooper Standard to Host Conference Call on August 2 to Discuss Second Quarter Financial Results

NOVI, Mich., July 18, 2019 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) will hold a conference call on Friday, August 2 at 9 a.m. ET. The Company's Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan Banas will discuss Cooper Standard's...
May 30, 2019

Ford Honors Cooper Standard at 21st Annual World Excellence Awards

NOVI, Mich., May 30, 2019 /PRNewswire/ -- Cooper Standard (NYSE: CPS) was recognized as a top-performing global supplier at the 21st annual Ford World Excellence Awards. The Company was presented with a Smart Pillar award by Hau Thai-Tang, Ford chief product development and purchasing...
May 15, 2019

Cooper Standard Issues 2018 Corporate Responsibility Report

NOVI, Mich., May 15, 2019 /PRNewswire/ -- Cooper Standard (NYSE: CPS) today issued its 2018 Corporate Responsibility Report (CRR), titled "Driving Value," highlighting the Company's progress on the topics considered most important by its internal and external stakeholders. "We are pleased ...
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Cooper Standard Blogs

November 05, 2019

Cooper Standard Reports Third Quarter Results, Details Restructuring Plans

NOVI, Mich. , Nov. 5, 2019 /PRNewswire/ --  Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2019. Third Quarter 2019 Summary Sales totaled $729.0 million Net loss of $13.9 million or $(0.82) per diluted share Adjusted EBITDA of $43.5 million or 6.0 percent of
November 04, 2019

Cooper Standard to Present at the Baird 2019 Global Industrial Conference

NOVI, Mich. , Nov. 4, 2019 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) will present at the 2019 Baird Global Industrial Conference on Thursday, Nov. 7 in Chicago . Cooper Standard's Jeffrey Edwards , chairman and CEO, and Jonathan Banas , executive vice president and CFO, will provide
August 22, 2019

Cooper Standard Transitions to Global Commodity Purchasing Structure

NOVI, Mich. , Aug. 22, 2019 /PRNewswire/ -- To further accelerate its evolution to a more fully integrated global organization, Cooper Standard (NYSE: CPS) is transitioning its purchasing organization to a global commodity structure. This transition follows the previous realignment of the Company's
August 09, 2019

Cooper Standard to Present at the 2019 J.P. Morgan Auto Conference

Cooper Standard to Present at the 2019 J.P. Morgan Auto Conference Content Import Fri, 08/09/2019 - 08:30 Cooper Standard to Present at the 2019 J.P. Morgan Auto Conference Aug 9, 2019 This release is a backfill from a News Wire Financial…
June 27, 2019

Cooper Standard Appoints Miziolek as Chief Transformation Officer to Drive Company's Global Transformation; Totsky Named Chief Legal Officer and Secretary

Cooper Standard Appoints Miziolek as Chief Transformation Officer to Drive Company's Global Transformation; Totsky Named Chief Legal Officer and Secretary Content Import Thu, 06/27/2019 - 08:30 Cooper Standard Appoints Miziolek as Chief Transformation Officer to Drive Company's Global Tran…
May 17, 2019

Cooper Standard Recognized by General Motors as a 2018 Supplier of the Year Winner

NOVI, Mich. , May 17, 2019 /PRNewswire/ -- Cooper Standard (NYSE: CPS) was named a GM Supplier of the Year by General Motors during its 27 th annual Supplier of the Year awards ceremony held Wednesday, May 15 in Detroit.  During the event, GM recognized 133 of its best suppliers from 15 countries
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 Cooper Standard Frequently Asked Questions

  • When was Cooper Standard founded?

    Cooper Standard was founded in 2004.

  • Who are Cooper Standard key executives?

    Cooper Standard's key executives are Jeffrey S. Edwards, Jonathan P. Banas and Gabrielle Corrent.

  • How many employees does Cooper Standard have?

    Cooper Standard has 32,000 employees.

  • Who are Cooper Standard competitors?

    Competitors of Cooper Standard include Knorr-Bremse, Superior Industries International and Accuride.

  • Where is Cooper Standard headquarters?

    Cooper Standard headquarters is located at 39550 Orchard Hill Pl, Novi.

  • Where are Cooper Standard offices?

    Cooper Standard has offices in Novi, Auburn Hills, Boiling Springs, Bowling Green and in 75 other locations.

  • How many offices does Cooper Standard have?

    Cooper Standard has 98 offices.