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Investor Room Demo COOPER STANDARD REPORTS THIRD QUARTER RESULTS NORTHVILLE , Mich . , November 3 , 2021 -- Cooper - Standard Holdings Inc. ( NYSE : CPS ) today reported results for the third quarter 2021 . Third Quarter 2021 Summary • Sales totaled $ 526.7 million , reflecting the negative impact of ongoing semiconductor - related customer schedule reductions • Net loss amounted to $ 123.2 million or $ ( 7.20 ) per diluted share Adjusted EBITDA totaled $ ( 33.9 ) million , including the negative impact of semiconductor - related customer schedule reductions , higher materials costs and allowance for credit loss • Electric Vehicle platforms accounted for approximately $ 30 million in net new business awards • Subsequent to quarter end , the Company reached a long - term commercial agreement to license its FortrexTM technology to a footwear manufacturer " Our operating teams continue to deliver world - class products , technology and service to our customers around the world despite significant ongoing headwinds and challenges , " said Jeffrey Edwards , chairman and CEO , Cooper Standard . " Our commercial teams are engaged in aggressive discussions with our customers and suppliers to offset the incremental costs we have incurred from volatile production schedules and materials price inflation . We remain focused on optimizing those aspects of our business that are within our control and on executing our longer - term strategic initiatives . " Consolidated Results Three Months Ended September 30 , Nine Months Ended September 30 , 2021 2020 2021 2020 ( dollar amounts in millions except per share amounts ) $ + A $ $ Sales 526.7 683.2 1,728.8 1,678.6 $ + A $ $ $ Net ( loss ) income ( 123.2 ) 4.4 ( 220.6 ) ( 240.4 ) $ SA $ $ $ Adjusted net ( loss ) income ( 106.4 ) 3.6 ( 172.0 ) ( 144.7 ) $ + A $ $ $ ( Loss ) earnings per diluted share ( 7.20 ) 0.26 ( 12.96 ) ( 14.22 ) Adjusted ( loss ) earnings per diluted $ + A $ $ $ share ( 6.23 ) 0.21 ( 10.10 ) ( 8.56 ) $ $ $ $ Adjusted EBITDA ( 33.9 ) 64.1 ( 10.0 ) ( 21.3 )