Earnings Call Summary | Cooper-Standard(CPS.US) Q4 2023 Earnings Conference
Earnings Call Summary | Cooper-Standard(CPS.US) Q4 2023 Earnings Conference
The following is a summary of the Cooper-Standard Holdings Inc. (CPS) Q4 2023 Earnings Call Transcript:
以下是庫珀標準控股公司（CPS）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Cooper-Standard reported Q4 2023 sales of $673.6 million, up 3.7% from last year's Q4.
FY 2023 sales were $2.8 billion, representing an 11.5% increase year-over-year.
Adjusted EBITDA for Q4 was $27.6 million, in line with Q4 2022 results.
Full year adjusted EBITDA was $167.1 million, dramatically higher than the $37.9 million in 2022.
Cooper-Standard experienced a net loss of $55.2 million in Q4, resulting from pension settlements, restructuring, and asset impairments.
Full year net loss was $202 million, but adjusted net loss was $82.3 million, indicating better performance after accounting for one-off expenses.
Operational efficiency improvements and better control over raw material costs boosted EBITDA margins.
庫珀標準公佈的2023年第四季度銷售額爲6.736億美元，較去年第四季度增長3.7％。
2023財年的銷售額爲28億美元，同比增長11.5％。
第四季度調整後的息稅折舊攤銷前利潤爲2760萬美元，與2022年第四季度的業績一致。
全年調整後的息稅折舊攤銷前利潤爲1.671億美元，大大高於2022年的3,790萬美元。
由於養老金結算、重組和資產減值，庫珀標準在第四季度淨虧損5,520萬美元。
全年淨虧損爲2.02億美元，但調整後的淨虧損爲8,230萬美元，這表明扣除一次性支出後的業績有所改善。
運營效率的提高和對原材料成本的更好控制提高了息稅折舊攤銷前利潤率。
Business Progress:
業務進展：
Despite challenges like UAW strikes and changes in their business partnerships, the company grew sales and improved operational efficiency.
Cooper-Standard spent $80.7 million in capital expenditure in 2023, aiming to further develop its operations.
Cooper-Standard reportedly delivered $56 million in cost savings through lean programs and initiatives, improving gross margins.
The company secured $176 million in new contracts linked to their innovative products like the integrated coolant manifold and FlushSeal Technology.
Expansion in the Fortrex license agreement with Nike presents new revenue opportunities.
Cooper-Standard is working to regain and expand its market share across various sectors, expecting an average growth rate of over 20% over the next three years.
Cooper-Standard's commitment to social responsibility was acknowledged by its inclusion in Newsweek's list of America's most responsible companies.
儘管面臨諸如UAW罷工和業務合作伙伴關係變更之類的挑戰，但該公司仍增長了銷售額並提高了運營效率。
庫珀標準在2023年花費了8,070萬美元的資本支出，旨在進一步發展其業務。
據報道，庫珀標準通過精益計劃和舉措節省了5600萬美元的成本，提高了毛利率。
該公司獲得了1.76億美元的新合同，這些合同與其創新產品（例如集成冷卻劑歧管和FlushSeal Technology）有關。
與耐克簽訂的Fortrex許可協議的擴展帶來了新的收入機會。
Cooper-Standard正在努力恢復和擴大其在各個領域的市場份額，預計未來三年的平均增長率將超過20％。
Cooper-Standard的社會責任承諾被列入《新聞週刊》的美國最負責任公司名單，這得到了認可。
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。