Business Context and Reporting Period
Company: Cooper-Standard Holdings Inc.
Filing Type: Form 8-K (Current Report)
Report Date: May 15, 2006 (Event Date) / May 23, 2006 (Filing Date)
Reporting Period: Fiscal quarter ended March 31, 2006
This filing serves to furnish a press release dated May 15, 2006, which discloses the company's results of operations for the first fiscal quarter of 2006. The filing also references a prospectus supplement dated May 23, 2006, related to a market-making offering.
Key Financial Metrics
The provided text is a cover report (Form 8-K) and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached press release (Exhibit 99.1), which is referenced but not included in the source text.
Non-GAAP Measures: The filing notes that the press release includes non-GAAP financial measures. Management utilizes these measures to evaluate performance and assess compliance with financial covenants related to indebtedness. A reconciliation to GAAP measures is included in the press release.
Material Changes
The filing text does not provide specific data regarding material changes in financial performance compared to the prior comparable period. It only confirms that results for the quarter ended March 31, 2006, were announced.
Guidance, Outlook, and Risks
Management Commentary: Management stated that the inclusion of non-GAAP measures provides investors with a better understanding of the metrics used internally for performance evaluation and debt covenant compliance.
Risks and Contingencies: The text does not explicitly detail new risks or contingencies beyond the standard reference to financial covenants associated with the company's indebtedness.
Investor Verification Checklist
- Review the attached press release (Exhibit 99.1) for specific revenue, earnings, and cash flow figures for the quarter ended March 31, 2006.
- Examine the reconciliation of non-GAAP financial measures to GAAP measures provided in the press release.
- Verify the company's compliance with financial covenants related to its indebtedness as discussed in the non-GAAP analysis.
- Check the market-making prospectus supplement (Supplement No. 2) for details on the capital raising activity referenced in the filing header.