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Cooper-Standard Q1 profit climbs 30.5% YOY

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Cooper-Standard Q1 profit climbs 30.5% YOY

4916951 said its normalized net income for the first quarter came to $1.52 per share, compared with the S&P Capital IQ consensus estimate of $1.43 per share.

EPS increased 28.3% year over year from $1.18.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $27.7 million, a gain of 30.5% from $21.2 million in the prior-year period.

The normalized profit margin climbed to 3.3% from 2.5% in the year-earlier period.

Total revenue fell on an annual basis to $800.0 million from $837.6 million, and total operating expenses fell 5.0% from the prior-year period to $747.6 million from $787.4 million.

eported net income grew 6.5% from the prior-year period to $21.0 million, or $1.15 per share, from $19.7 million, or $1.10 per share.Cooper-Standard Holdings Inc.

4916951 said its normalized net income for the first quarter came to $1.52 per share, compared with the S&P Capital IQ consensus estimate of $1.43 per share.