By Natalie Weger
Cooper-Standard Holdings shares surged after the company raised its full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization, as well as sharply narrowed its second-quarter loss.
Shares were up as much as 28% on Friday to notch a new 52-week high of $30.82. The stock has more than doubled this year.
The global supplier for the automotive industry late Thursday raised its adjusted Ebitda guidance to between $220 million and $250 million, up from its previous guidance of $200 million to $235 million.
"We expect our execution in the second half to offset the impact of lower light-vehicle production volume and ongoing inflationary headwinds," Chief Executive Jeffrey Edwards said.
The Northville, Mich., company said it remains confident in continuing to drive profit margins and return invested capital in spite of tariff-related economic uncertainty.
Cooper-Standard on Thursday posted a loss of $1.47 million, or 8 cents a share, compared with a loss of $76.2 million, or $4.34 a share, in the same quarter last year.
Adjusted per-share earnings were 6 cents.
Sales declined 0.3% to $706 million, mostly due to unfavorable volume and mix, including net customer price adjustments, partially offset by foreign exchange, said Cooper-Standard.
Write to Natalie Weger at natalie.weger@wsj.com
(END) Dow Jones Newswires
August 01, 2025 10:51 ET (14:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.