On April 20, 2017, senior executives of Cooper-Standard Holdings Inc. (the “Company”) will re-affirm in a presentation to certain investors that the Company continues to expect its full-year 2017 sales to be within a $3.48 billion to $3.53 billion range and its full-year 2017 adjusted EBITDA margin>to be within a 12.3% to 12.8% range. The Company continues to expect its capital expenditures in 2017 to be within a $165 million to $175 million range and cash restructuring to be within a $45 million to $55 million range. The 2017 effective tax rate is expected to be in the range of 26% to 29%.
The information furnished to this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended.
Forward-Looking Statements
This Current Report on Form 8-K includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs, and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; possible variability of our working capital requirements; risks associated with our international operations; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers’ needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal proceedings, claims or investigations against us; work stoppages or other labor disruptions; the ability of our intellectual property to withstand legal challenges; cyber-attacks or other disruptions in our information technology systems; the possible volatility of our annual effective tax rate; the possibility of future impairment charges to our goodwill and long-lived assets; and our dependence on our subsidiaries for cash to satisfy our obligations. You should not place undue reliance on these forward-looking statements. We undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law.
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Adjusted EBITDA Margin is a ratio calculated using an adjusted EBITDA, which is a non-GAAP financial measure. Net income is the most directly comparable U.S. GAAP measure for adjusted EBITDA. We do not provide guidance on our net income margin because a full-year net income will include special items that have not yet occurred and are difficult to predict with reasonable certainty prior to year end.

About COOPER-STANDARD HOLDINGS INC. (OTCMKTS:COSHW)

Cooper-Standard Holdings Inc. (Cooper Standard) is a manufacturer of fluid handling, body sealing, and Anti-Vibration Systems components, systems, subsystems, and modules, primarily for use in passenger vehicles and light trucks for global original equipment manufacturers and replacement markets. The Company conducts substantially all of its activities through its subsidiaries. It operates in 69 manufacturing locations and nine design, engineering, and administrative locations in 19 countries around the world. It operates in two divisions: North America and International (covering Europe, South America and Asia Pacific). In August 2014, Halla Visteon Climate Control Corp. announced it has completed acquisition of automotive thermal and emissions product line of Cooper-Standard Automotive Inc., subsidiary of Cooper-Standard Holdings Inc.

COOPER-STANDARD HOLDINGS INC. (OTCMKTS:COSHW) Recent Trading Information

COOPER-STANDARD HOLDINGS INC. (OTCMKTS:COSHW) closed its last trading session up +4.00 at 64.00 with 2,150 shares trading hands.