Cooper-Standard Recaps Q2 Results, Citing Oil and Tariff Headwinds
Cooper-Standard recapped second-quarter results for investors, calling the period an inflation-driven quarter. The company said higher oil prices materially affected performance, noting oil price assumptions versus a $65 plan and that each $1 per barrel moves EBITDA by about $450,000. It estimated commodities plus a tariff impact of about $18 million, alongside additional referenced effects totaling $53 million.