Cooper-Standard Raises Sales Guidance - Quick Facts

(RTTNews) - Cooper-Standard Holdings Inc. (CPS) announced the company has raised its full-year guidance for sales and tightened the guidance range for full-year adjusted EBITDA margin. Sales are now targeted to be in the range of $3.58 - $3.61 billion, up from prior guidance range of $3.48 - $3.53 billion. Adjusted EBITDA Margin is now expected to be 12.4% - 12.6% compared to prior guidance range of 12.3% - 12.8%.

The company's adjusted EBITDA as a percent of sales for the third quarter of 2017 was 11.1 percent compared to 11.8 percent in the third quarter of 2016. Sales increased to a third quarter record $869.0 million.