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CPS

Cooper-Standard

$19.86 /

-0.735 (-3.57%)

18:48
02/24/20
02/24
18:48
02/24/20
18:48

Cooper-Standard says two more facilities set for closure in 2020

In continuation of the Company's cost optimization efforts, two additional manufacturing facilities are scheduled for closure in 2020. The restructuring expense related to these additional facility closures is expected to be approximately $15 million. The structural cost savings resulting from these initiatives are expected to drive a cash payback in approximately two years on an annualized basis. In addition to the facility closures, the Company is continuing a strategic review process to consider alternatives for certain unprofitable operations. The Company expects to provide further details and updates on this process as decisions are made and finalized.

  • 25

    Feb

CPS Cooper-Standard
$19.86 /

-0.735 (-3.57%)

01/09/20 Benchmark
Benchmark starts Cooper-Standard at Hold, needs to see improvement
01/09/20 Benchmark
Cooper-Standard initiated with a Hold at Benchmark
10/16/19 Buckingham
Cooper-Standard shares to be range bound 'at best' for now, says Buckingham
10/16/19 Buckingham
Cooper-Standard downgraded to Neutral from Buy at Buckingham

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Technical Analysis
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Syndicate
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Technical Analysis
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Hot Stocks
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