Quarterly ResultMay 7, 2026, 07:09 AM
Cooper Standard Q1 Sales +2.9% to $686.4M; Strong New Business Awards
AI Summary
Cooper-Standard Holdings Inc. reported Q1 2026 sales of $686.4 million, a 2.9% increase year-over-year, and gross profit of $82.4 million, up 6.8%. The company posted a net loss of $33.3 million, or $(1.85) per diluted share, primarily due to a $24.2 million loss on debt refinancing. Adjusted net loss was $5.2 million, or $(0.29) per diluted share, and Adjusted EBITDA was $51.0 million. Cooper Standard also secured $127.9 million in net new business awards and affirmed it is on track to achieve or exceed its full-year sales and profitability targets.
Key Highlights
- Q1 2026 sales increased 2.9% to $686.4 million from $667.1 million in Q1 2025.
- Reported a net loss of $33.3 million, or $(1.85) per diluted share, including a $24.2 million loss on debt refinancing.
- Adjusted net loss was $5.2 million, or $(0.29) per diluted share.
- Adjusted EBITDA was $51.0 million, or 7.4% of sales.
- Secured net new business awards totaling $127.9 million, including $31.8 million for EV/hybrid platforms.
- Sealing systems sales were $348.3 million; Fluid handling systems sales were $317.9 million.
- Total liquidity stood at $285.8 million, with cash and equivalents at $118.5 million.
- Company remains on track to achieve or exceed full-year sales and profitability targets.