Quarterly ResultAug 6, 2026, 04:11 PM
Cooper-Standard Q2 Net Loss $(18.9)M; Refinances $1.1B Debt
AI Summary
Cooper-Standard Holdings Inc. reported a significant increase in net loss for the second quarter of 2026, reaching $(18.9) million, compared to $(1.5) million in the prior year. Sales saw a modest increase of 2.2% to $721.3 million. The company also incurred substantial restructuring charges of $17.1 million and a $24.2 million loss related to debt refinancing activities, which included the issuance of $1.1 billion in new Senior Secured First Lien Notes.
Key Highlights
- Sales for Q2 2026 increased 2.2% to $721.3 million from $706.0 million in Q2 2025.
- Net loss for Q2 2026 was $(18.9) million, compared to a net loss of $(1.5) million in Q2 2025.
- Diluted EPS for Q2 2026 was $(1.04), compared to $(0.08) in Q2 2025.
- Restructuring charges for Q2 2026 surged to $17.1 million from $2.9 million in Q2 2025.
- Incurred a $24.2 million loss on debt refinancing for the six months ended June 30, 2026.
- Issued $1.1 billion aggregate principal amount of 9.250% Senior Secured First Lien Notes due 2031.
- Total debt as of June 30, 2026, was $1.14 billion, up from $1.10 billion at December 31, 2025.
- North America revenue for Q2 2026 was $394.2 million, Europe was $164.6 million.
Price Impact
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