Cooper-Standard Struggles in Second Quarter Earnings
NORTHVILLE, Mich. — Cooper-Standard Holdings Inc., a well-known auto parts supplier based in Northville, Michigan, announced a loss of $76.2 million in their second quarter earnings for the year 2024.
The company reported a loss of $4.34 per share, which when adjusted for non-recurring costs and restructuring costs, the loss totals to 64 cents per share. Despite the loss, the company managed to post a revenue of $708.4 million in the same period.
Looking forward to the rest of the year, Cooper-Standard is expecting a total revenue within the range of $2.7 billion to $2.8 billion.
The numbers provided for Cooper-Standard’s earnings snapshot are based on data from Zacks Investment Research, a leading provider of investment-related data and analytics.
Other News
In other news, the students of R1SE program got an exciting opportunity to interact with recent ‘Shark Tank’ contestants. Additionally, a tragic two-vehicle crash in Gladwin County resulted in the death of two men, the incident is currently being investigated by the Gladwin County Sheriff’s deputies.
On a lighter note, residents in Midland witnessed a delightful sight as hot air balloons filled the sky as part of the River Days celebration. History buffs enjoyed a walk down memory lane as Ashman Circle’s past, present, and future were highlighted. The Problem Solution Club is offering exciting problem-solving games to improve the community’s critical thinking skills.
Finally, locals were kept guessing as anonymous entrepreneur, Dice, launched another investment into the Midland’s State Theatre.
