I am a UK-based long-only investor with a strategy which revolves around finding companies which can be multi-baggers over a 5-10 year time horizon, though, as a great man once said, my favourite holding period is forever. I am looking for companies that have a high probability of substantial revenue and earnings growth which is not fully appreciated in current market prices. I rarely take positions in stocks which are GAAP unprofitable, and if I do it will only be a small position. I am sector agnostic, th ...

Core Viewpoint - Cooper-Standard Holdings Inc. experienced a significant decline in stock price following its fourth-quarter 2024 earnings report, with a 9.3% drop compared to a slight gain in the S&P 500 index [1] Revenue & Earnings Performance - The company reported an adjusted loss per diluted share of 16 cents for Q4 2024, an improvement from a loss of $1.79 in the same quarter last year [2] - Revenues for Q4 2024 were $660.8 million, reflecting a 1.9% decrease from the previous year, primarily due to unfavorable foreign exchange movements, customer price adjustments, and lower production volumes [2] Key Business Metrics - Sealing Systems division revenues were $350.4 million, slightly down from $351.6 million year-over-year, impacted by adverse foreign exchange effects [3] - Fluid Handling Systems segment revenues fell 3.5% year-over-year to $294.8 million, down from $305.4 million, due to lower production volumes and price adjustments [3] Profitability Improvement - Adjusted EBITDA for Sealing Systems increased by 47.1% to $40.2 million from $27.3 million a year earlier, driven by cost efficiencies and restructuring savings [4] - Fluid Handling Systems saw a 74.7% increase in adjusted EBITDA to $27.3 million from $15.6 million, benefiting from cost optimization and operational efficiencies [4] - Overall adjusted EBITDA more than doubled to $54.3 million, or 8.2% of sales, from $27.6 million in the prior-year quarter, aided by manufacturing efficiencies and lower raw material costs [5] Cash Position - As of December 31, 2024, the company held $170 million in cash and cash equivalents, with total liquidity of $339.2 million [6][16] - Cash provided by operating activities in Q4 was $74.7 million, with free cash flow totaling $63.2 million, slightly above $62.1 million in Q4 2023 [7] Operational Efficiency & Cost Savings - The company achieved $76 million in savings from manufacturing and purchasing improvements, along with $24 million in restructuring-related cost reductions [9] - Despite lower cash generation in 2024, management stated that the company has sufficient financial resources to support ongoing operations and meet debt obligations [8][16] Management Commentary - CEO Jeffrey Edwards highlighted the new organizational structure implemented at the start of 2024 as key to driving efficiencies and cost reductions, with $181.4 million in net new business awards, including $105.8 million on electric vehicle platforms [11] Guidance & Industry Outlook - For 2025, Cooper Standard expects revenues between $2.7 billion and $2.8 billion, with adjusted EBITDA projected to be $200-$235 million [13] - The company anticipates a slight decline in global light vehicle production in 2025, particularly in North America and Europe, and plans to focus on lean initiatives and higher-margin business launches [14] Other Developments - The company recorded gains from asset sales, including a facility in Canada and divestitures of non-core businesses, positively impacting its bottom line and liquidity [15] Conclusion - Cooper Standard delivered a strong fourth-quarter performance with a return to profitability, margin expansion, and effective cost-saving execution, while remaining focused on operational efficiency and strategic business wins for 2025 [17]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36127 COOPER-STANDARD HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 20-1945088 (State or other jurisd ...

Cooper-Standard Holdings Inc. (NYSE:CPS) Q4 2024 Earnings Conference Call February 14, 2025 9:00 AM ET Company Participants Roger Hendriksen – Director, Investor Relations Jeff Edwards – Chairman and Chief Executive Officer Jon Banas – Executive Vice President and Chief Financial Officer Conference Call Participants Kirk Ludtke – Imperial Capital Michael Ward – Freedom Capital Brian DiRubbio – Baird Ben Briggs – Sonic Financial Kirk Ludtke – Imperial Capital Operator Good morning, ladies and gentlemen, and ...

Creating Sustainable Solutions TOGETHER Strategic Overview and Outlook Jeff Edwards Q & A 2 Fourth Quarter and Full Year 2024 Earnings Presentation February 14, 2025 Agenda Introduction Roger Hendriksen | Director, Investor Relations 2024 Year in Review Jeff Edwards | Chairman and Chief Executive Officer Financial Overview Jon Banas | Executive VP and Chief Financial Officer Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of U.S. federal securities laws, ...

Financial Performance - Sales for Q4 2024 totaled $660.8 million, a decrease of 1.9% compared to Q4 2023[6] - Operating income for Q4 2024 was $31.7 million, an increase of $36.2 million from Q4 2023[6] - Net income for Q4 2024 was $40.2 million, or $2.24 per diluted share, reflecting an improvement of $95.4 million from Q4 2023[6] - Adjusted EBITDA for Q4 2024 was $54.3 million, representing 8.2% of sales[6] - For the full year 2024, sales totaled $2.73 billion, a decrease of 3.0% compared to 2023[6] - Gross profit increased to $82.0 million in Q4 2024, up 26.7% from $64.7 million in Q4 2023[30] - Operating income for the year ended December 31, 2024, was $69.8 million, compared to $46.0 million in 2023, reflecting a significant improvement[30] - Net income attributable to Cooper-Standard was $40.2 million in Q4 2024, a recovery from a loss of $55.2 million in Q4 2023[30] - Adjusted EBITDA for 2024 was $180,689, compared to $167,076 in 2023, reflecting a year-over-year increase of approximately 8.9%[40] - The adjusted EBITDA margin improved to 6.6% in 2024 from 5.9% in 2023, indicating enhanced operational efficiency[40] Cash Flow and Liquidity - Cash provided by operating activities in Q4 2024 was $74.7 million, with free cash flow of $63.2 million[11] - Total liquidity at year-end 2024 was $339.2 million, including cash and cash equivalents of $170.0 million[13] - The company generated net cash provided by operating activities of $76,369 in 2024, compared to $117,277 in 2023, showing a decline of approximately 34.9%[35] - Cash and cash equivalents increased to $170.0 million in 2024 from $154.8 million in 2023, indicating improved cash flow management[32] - The company ended 2024 with cash, cash equivalents, and restricted cash totaling $178,697, up from $163,061 at the end of 2023[35] - Net cash used in investing activities was $45,120 in 2024, a decrease from $64,968 in 2023, reflecting improved cash management[35] Business Awards and Future Guidance - The company received total net new business awards of $181.4 million in 2024, including $105.8 million related to electric vehicle platforms[15] - The company expects improved financial results in 2025, with initial guidance for sales between $2.7 billion and $2.8 billion[19] - Adjusted EBITDA guidance for 2025 is projected to be between $200 million and $235 million[19] Assets and Liabilities - Total current assets decreased to $805.3 million in 2024 from $900.6 million in 2023, indicating a reduction in liquidity[32] - Total liabilities decreased to $1.87 billion in 2024 from $1.96 billion in 2023, showing a reduction in financial obligations[32] - The company’s total equity showed a deficit of $133.4 million in 2024, worsening from a deficit of $89.7 million in 2023[32] Earnings and Charges - The company reported a basic income per share of $2.28 in Q4 2024, compared to a loss of $3.16 per share in Q4 2023[30] - The company experienced restructuring charges of $23.6 million for the year ended December 31, 2024, compared to $18.0 million in 2023[30] - The company incurred pension settlement and curtailment charges of $44,553 in 2024, compared to $16,035 in 2023, indicating a significant increase[35] - Restructuring charges for the year ended December 31, 2024, totaled $23.601 million, compared to $18.018 million in 2023[43] - Non-cash impairment charges in 2024 were related to idle assets in Asia Pacific, while 2023 charges were related to assets in Europe and Asia Pacific[43] - The deferred tax valuation allowance reversal in 2024 was $41.507 million, with no such reversal in 2023[43] Capital Expenditures - Capital expenditures decreased to $50,498 in 2024 from $80,743 in 2023, a reduction of about 37.4%[35] - Capital expenditures for Q4 2024 were $11.484 million, down from $17.559 million in Q4 2023[45]

NORTHVILLE, Mich., Feb. 13, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2024.Fourth Quarter 2024 Summary Sales totaled $660.8 million, a decrease of 1.9% vs. the fourth quarter 2023 Operating income totaled $31.7 million, an increase of $36.2 million vs. the fourth quarter of 2023 Net income of $40.2 million, or $2.24 per diluted share, reflected an improvement of $95.4 million vs. the fourth quarter of 2023 Adjusted EBITDA total ...

Financial Results Announcement - Cooper-Standard Holdings Inc. is set to release its financial results for the fourth quarter and full year 2024 on February 13, 2025, after market close [1] - The earnings results will be available on the Cooper Standard website once released [1] Conference Call Details - A conference call will be hosted on February 14, 2025, at 9 a.m. ET, featuring Chairman and CEO Jeffrey Edwards and CFO Jonathan Banas [2] - The call will cover financial results, a general business update, and a Q&A session for investors [2] - Participants can join the call via a toll-free number for the U.S. and Canada or an international number [3] Webcast and Replay - A replay of the conference call will be available shortly after the live event on the investors' section of the Cooper Standard website [4] Company Overview - Cooper Standard is headquartered in Northville, Michigan, and operates in 21 countries as a leading global supplier of sealing and fluid handling systems [5] - The company employs over 22,000 team members, focusing on innovative and sustainable engineered solutions for various transportation and industrial markets [5]

CALGARY, Alberta, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce that it has successfully applied for and received a US$75 million tax credit allocation to re-purpose a former glass manufacturing site in southern US to produce pattern solar glass (the “US Project”). The Company is also pleased to announce an addition to its board of directors. Tax Credit Allocation To support the development of the US Project, after receiving a lette ...

Financial Performance and Strategic Developments - The company concluded its warrant exercise and reported its fiscal year-end 2024 financial results, with audited financial statements and Management's Discussion and Analysis available under its SEDAR+ profile [1] - In 2024, the company invested $0.52 million to advance its Selkirk Project and discussions with a potential strategic partner for the US Project, aiming to produce approximately 10GW per year of pattern solar glass [2] - The company's large shareholders, board members, and management exercised 9,206,404 warrants at $0.40 per warrant, generating $3,682,562 in gross cash proceeds, which will support the advancement of its solar glass manufacturing projects [5] - Of the 32,100,000 warrants issued in 2022, 14,811,496 were exercised, and the remaining 17,288,504 expired on December 31, 2024 [6] Manufacturing Capacity and Strategic Vision - The company is developing North American manufacturing capacity for ultra-high-clarity pattern solar glass, utilizing high-purity low-iron silica sand from its Wanipigow quarry leases [3] - The Selkirk Project will produce 6GW of low-carbon solar glass using renewable Manitoba hydroelectricity, while the US Project will produce 4GW of domestic solar glass, positioning the company as the largest and preferred supplier in North America [3] - The company has established a broader strategic vision to supply both low-carbon products from the Selkirk Project and US-manufactured products from the US Project [2] Financial Support and Partnerships - The company received financial support totaling $272 million from the Province of Manitoba and the Government of Canada for the Selkirk Project, including a $100 million non-dilutive financial support application currently in the due diligence phase [8] - Discussions were held with Manitoba-based indigenous groups for potential investment participation of up to $100 million in the Selkirk Project through the federal Indigenous Loan Guarantee Program [8] - The company is working towards formalizing $72 million in financial support from the Province of Manitoba for the Selkirk Project [8] - A site in the US was selected to repurpose a former glass manufacturing facility for the US Project, with a potential strategic partner, and a wholly owned US subsidiary was established to apply for a tax credit with the U.S. Department of Energy [8] Market Positioning and Customer Engagement - The company is advancing conversations with customers related to the supply of pattern solar glass from both the Selkirk and US Projects [8] - With a proposed annual manufacturing capacity of 10GW, the company is well-positioned to become the largest and preferred supplier of pattern solar glass in North America [3]