Nov. 7 at 11:58 AM
$CPS 10 Key Points
1) Cooper Standard secured
$96.4M in net new business awards during the quarter, representing anticipated future annualized sales and bringing year-to-date net new business to
$228.5M. Most importantly, 83% of these new awards are tied to battery electric or hybrid programs, which come with ~80% and ~20% CPV lift, respectively. As these programs ramp (typical lag 1–3 years), they will replace older, lower-margin platforms and drive profitable growth, giving management high confidence in achieving longer-term margin targets.
