Earnings Call Summary | Cooper-Standard(CPS.US) Q1 2024 Earnings Conference
Earnings Call Summary | Cooper-Standard(CPS.US) Q1 2024 Earnings Conference
The following is a summary of the Cooper-Standard Holdings Inc. (CPS) Q1 2024 Earnings Call Transcript:
以下是庫珀標準控股公司（CPS）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Cooper-Standard Holdings reported Q1 2024 sales of $676.4 million, a decrease of 0.9% due to divestiture activities.
Gross profit for the first quarter was $61.6 million or 9.1% of sales; an improvement from first quarter 2023's gross profit of $41.8 million or 6.1% of sales.
The company reported an adjusted EBITDA of $29.3 million, up from $12.5 million in the first quarter of the previous year.
Despite a net loss of $31.7 million, this is an improvement from Q1 2023's net loss of $130.4 million.
Expected cost savings lie between $20 million to $25 million due to optimization plans, which could intensify to $40 million to $45 million on a full-year annualised basis next year.
庫珀標準控股公司報告稱，2024年第一季度銷售額爲6.764億美元，下降0.9％，這歸因於資產剝離活動。
第一季度的毛利爲6,160萬美元，佔銷售額的9.1％；與2023年第一季度的4180萬美元毛利或銷售額的6.1％相比有所改善。
該公司報告調整後的息稅折舊攤銷前利潤爲2930萬美元，高於去年第一季度的1,250萬美元。
儘管淨虧損3,170萬美元，但與2023年第一季度的1.304億美元淨虧損相比有所改善。
由於優化計劃，預計可節省2,000萬至2500萬美元的成本，明年全年按年計算可能會增加到4000萬至4,500萬美元。
Business Progress:
業務進展：
Cooper-Standard marked 97% green on customer scorecards for product quality and 96% green for new program launches.
Through lean initiatives and cost-saving programs, the company saved $19 million.
Achieving $66 million in net new business awards within the first 3 months of 2024 evidences Cooper-Standard's appealing business approach.
The company won Supplier of the Year for General Motors for the seventh consecutive year showcasing its reliable and high-quality supply.
By redefining the operational management structure from a regional to product basis, Cooper-Standard hopes to streamline efficiency and achieve double-digit EBITDA margins by 2025 end.
With initial 2024 revenue projections unmoved, the company anticipates to outpace the markets they serve in automotive revenues.
A company-wide refinancing effort will be implemented in the following year, upon favorable conditions.
By 2025 end, the company aims to revert to their targeted profitability by adjusting its business model.
Cooper-Standard 在產品質量的客戶記分卡上標記 97% 爲綠色，在新計劃啓動時標記 96% 爲綠色。
通過精益計劃和成本節約計劃，該公司節省了1900萬美元。
在2024年的前3個月內獲得的淨新業務獎勵爲6600萬美元，這證明了庫珀標準具有吸引力的商業方針。
該公司連續第七年獲得通用汽車年度供應商獎，這表明了其可靠和高質量的供應。
通過重新定義從區域到產品的運營管理結構，庫珀標準希望在2025年底之前簡化效率並實現兩位數的息稅折舊攤銷前利潤率。
由於2024年最初的收入預測沒有變化，該公司預計汽車收入將超過其所服務的市場。
次年將在有利條件下實施全公司範圍的再融資計劃。
到2025年底，該公司的目標是通過調整其業務模式來恢復其目標盈利能力。
More details: Cooper-Standard IR
更多詳情： 庫珀標準紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。