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Investor Room Demo COOPER STANDARD REPORTS SECOND QUARTER RESULTS ; SEMICONDUCTOR- RELATED CUSTOMER SHUTDOWNS AND COMMODITY INFLATION WEIGH ON SALES AND PROFIT NORTHVILLE , Mich . , August 4 , 2021 -- Cooper - Standard Holdings Inc. ( NYSE : CPS ) today reported results for the second quarter 2021 . Second Quarter 2021 Summary Sales totaled $ 533.2 million , reflecting a negative impact of approximately $ 200 million from semiconductor - related customer shutdowns Net loss amounted to $ 63.6 million or $ ( 3.73 ) per diluted share Adjusted EBITDA totaled $ ( 14.7 ) million , including the negative impact of semiconductor - related customer shutdowns Net new business awards totaled $ 91.8 million , including $ 28.0 million in new business awards on electric vehicle platforms " Our operating teams continue to perform well , delivering world - class products , technology and service to our customers around the world , " said Jeffrey Edwards , chairman and CEO , Cooper Standard . " However , volatile customer production schedules and rising material costs significantly impacted our operating efficiency and results during the quarter . We are taking aggressive actions , including commercial negotiations with customers and suppliers , to mitigate these incremental costs . Based on current customer schedules , we expect to leverage higher production volumes to drive improved financial results in the second half of the year . ” Consolidated Results Three Months Ended June 30 , Six Months Ended June 30 , 2021 2020 2021 2020 ( dollar amounts in millions except per share amounts ) Sales Net loss Adjusted net loss $ 533.2 $ 340.5 $ 1,202.2 $ 995.4 $ ( 63.6 ) $ ( 134.2 ) $ ( 97.5 ) $ ( 244.8 ) $ ( 51.1 ) $ ( 111.8 ) $ ( 65.6 ) $ ( 148.3 ) Loss per diluted share $ ( 3.73 ) $ ( 7.93 ) $ ( 5.74 ) $ ( 14.49 ) Adjusted loss per diluted share $ ( 3.00 ) $ ( 6.61 ) $ ( 3.86 ) $ ( 8.77 ) Adjusted EBITDA $ ( 14.7 ) $ ( 93.8 ) || $ | 23.8 $ ( 85.5 )