Quarterly ResultMay 7, 2026, 04:19 PM
Cooper-Standard Q1 Net Loss $(33.3)M due to Debt Refinancing
AI Summary
Cooper-Standard Holdings Inc. reported a net loss of $(33.3) million, or $(1.85) per share, for Q1 2026, a significant decline from a net income of $1.6 million in Q1 2025. This loss was primarily driven by a $24.2 million charge related to the refinancing and extinguishment of debt. Despite the net loss, sales increased by 2.9% to $686.4 million, and operating income rose by 8.1% to $24.1 million. The company issued $1.1 billion in new notes to extend debt maturities.
Key Highlights
- Q1 2026 net loss attributable to Cooper-Standard was $(33.3) million, down from $1.6 million net income in Q1 2025.
- Basic net loss per share was $(1.85) in Q1 2026, compared to $0.09 earnings per share in Q1 2025.
- Sales increased 2.9% to $686.4 million in Q1 2026 from $667.1 million in Q1 2025.
- Operating income rose 8.1% to $24.1 million in Q1 2026 from $22.3 million in Q1 2025.
- Incurred a $24.2 million loss on refinancing and extinguishment of debt in Q1 2026.
- Issued $1.1 billion of 9.250% Senior Secured First Lien Notes due 2031.
- Net cash used in operating activities was $(69.2) million in Q1 2026, up from $(14.9) million in Q1 2025.
Price Impact
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