NOVI, Mich. (Aug. 19, 2008) — Cooper-Standard Holdings Inc., parent company of Cooper-Standard Automotive Inc., reported sales, gross profit and net income for the second quarter 2008.
Net sales for the quarter increased to 22.7 percent to $765.6 million, primarily from the Metzeler Automotive Profile Systems acquisition, the company said. Net income rose 19.6 percent to $11.6 million in the second quarter.
The firm's results reflect its flexibility, financial discipline, widening global presence and growing customer diversity, said President and CEO Edward Hasler.