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Cooper Standard Reports Prelim 4th Quarter, Full Year 2018 Results 

Full year net income totaled $107.8 million or $5.89 per fully diluted share.

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Cooper-Standard Holdings Inc. has reported preliminary results for the fourth quarter and full year 2018.

Full year net income totaled $107.8 million or $5.89 per fully diluted share. Full year adjusted net income totaled $160.7 million or $8.79 per fully diluted share. Full year adjusted EBITDA totaled $376.5 million, or 10.4 percent of sales.

The company reported that net new business awards totaled $64 million in the quarter and $441 million for the full year. Sales awards for innovation products totaled $70 million in the quarter and $287 million for the full year.

“Market conditions in Asia and Europe remained challenging during the fourth quarter and commodity costs continued to increase globally,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “While we anticipate similar headwinds in 2019, we are focused on executing our strategy to create value through innovation, improving operating efficiency and increasing returns on invested capital. Strong net new business awards in 2018 and a record number of new program launches planned for 2019, both in our automotive and non-automotive businesses, support our positive long-term outlook for profitable growth.”

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