NOVI, Mich. -- Cooper-Standard Holdings Inc., the parent company of Cooper Standard Automotive Inc., has announced strong sales and earnings for the second quarter of 2010.

Cooper Standard reported sales for the second quarter of $628.4 million, an increase of 40 percent over the second quarter of 2009. The company posted year-to-date sales of $1.22 billion compared to $0.85 billion for the first half of 2009.

The company posted net income for the quarter of $637.8 million compared to a net loss of $349.3 million in the previous year. Both years were impacted by significant accounting adjustments. In the second quarter of 2010, the company benefited from one-time gains, including cancellation of debt income, resulting from its reorganization proceedings, and in the second quarter of 2009, the company recorded significant impairment charges relating to intangible assets.

Cooper Standard reported its fourth consecutive quarter of double-digit adjusted EBITDA margins. The company's adjusted EBITDA for the second quarter of 2010 was $73.8 million, an increase of $42.1 million from the second quarter in 2009. Year-to-date, adjusted EBITDA increased to $147.5 million, up $100.4 million from the same period in the prior year.  

"Cooper Standard's improved cost structure, available liquidity and global footprint have positioned us for future success in a rapidly evolving automotive industry," said Jim McElya, chairman and CEO, Cooper Standard.

Key Launches
During this quarter, Cooper Standard successfully launched production in all product groups across all regions including:
• Audi  (A1, Q7)
• Chrysler (Jeep Grand Cherokee)
• Ford (Fiesta)
• General Motors (Cadillac CTS Coupe, Heavy Duty Silverado)
• Peugeot (308 Sedan)
• VW (Jetta, Polo, Sharan)

For more information about Cooper Standard, visit www.cooperstandard.com.