Cooper-Standard has posted 2016 net income of US$139m and fourth quarter net income of US$31.1m.
Fourth Quarter 2016 Highlights:
. Net income totalled US$31.1m or $1.65 per fully diluted share
. Adjusted net income totalled $52.6m or $2.80 per fully diluted share
. Adjusted EBITDA totalled $103.8m, up 13.7% year-over-year
. Cash flow from operations totalled $181.7m; free cash flow generated was $134.1m
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Full Year 2016 Highlights:
. Net income totalled $139.0m or $7.42 per fully diluted share
. Adjusted net income totalled $201.7m or $10.77 per fully diluted share
. Adjusted EBITDA totalled $416.7m, up 15.0% year-over-year
. Cash flow from operations totalled $363.7m; free cash flow generated was $199.3m
“Year 2016 was the best in our Company’s history by nearly every measure,” said Cooper Standard chairman and CEO, Jeffrey Edwards.
“We set new all-time highs in sales, gross profit margin, adjusted EBITDA and free cash flow while improving workplace safety, product quality and customer satisfaction.
“We are very proud of our culture of engagement that is driving innovation and excellence across all areas of the business and significantly contributing to our record results.”
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