Why Did Cooper-Standard Holdings Soar 10.05%?
1min read Cooper-Standard Holdings surged 10.05% in pre-market trading on May 2, 2025, driven by strong first-quarter financial results.
Cooper-Standard Holdings reported a net income of $1.6 million for the first quarter of 2025, with a profit of 9 cents per share. The company's adjusted net income stood at $3.5 million, reflecting a significant improvement in its financial performance.
The company's revenue for the quarter was $667.1 million, with a non-GAAP earnings per share of $0.19. The adjusted EBITDA also showed a notable improvement, indicating stronger operational efficiency.
Cooper-Standard Holdings achieved a gross profit of $77.2 million, marking a 25.2% increase compared to the previous year. This substantial margin improvement contributed to the positive market sentiment surrounding the company's stock.
