Cooper standard reports improved first quarter results; roic enhancement initiative remains on track

Northville, mi / accesswire / may 6, 2021 / cooper-standard holdings inc. (nyse:cps) today reported results for the first quarter 2021. first quarter 2021 summary sales increased by 2.1 percent to $669.0 million; organic sales growth was 6.3 percent gross profit margin increased by 360 basis points year-over-year selling, administrative and engineering expense (sga&e) as a percent of sales decreased by 210 basis points year-over-year net loss narrowed by 69.4 percent to $33.9 million or $(2.00) per diluted share vs.
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