DETROIT -- Cooper-Standard Automotive Inc. boosted revenue and cut its losses in the third quarter ending Sept. 30.
The company said today that it posted a net loss of $12.8 million, compared with a net loss of $27.0 million in the third quarter of 2006.
Cooper-Standard said revenue was up 19.2 percent in the third quarter to $602.6illion.
Cooper-Standards operating performance illustrates the companys ability to execute its strategy in this changing environment, Cooper-Standard CEO Jim McElya said in a statement. We are staying out in front of the many macro-economic factors affecting our business, and our results indicate that our strategy is on track.
Through the first nine months of 2007, the company said it posted net income of $1.6 million on revenue of $1.80 billion, compared with a net loss of $1.5 million on revenue of $1.60 billion in the same period last year.
Cooper-Standard, of suburban Detroit, ranks No. 71 on the Automotive News list of the top 100 global suppliers with worldwide original-equipment automotive parts sales of $2.16 billion in 2006.