Quarterly ResultAug 6, 2026, 07:08 AM
Cooper Standard Q2 Sales Up 2.2% to $721.3M; Maintains FY Guidance Midpoint
AI Summary
Cooper Standard reported second quarter 2026 results with sales increasing 2.2% to $721.3 million. The company posted a net loss of $18.8 million and adjusted EBITDA of $53.9 million, impacted by higher material costs and inflationary pressures. Despite the challenges, Cooper Standard generated positive free cash flow of $16.3 million and secured $118.4 million in new business awards, maintaining the midpoint of its full-year sales and adjusted EBITDA guidance.
Key Highlights
- Sales increased 2.2% to $721.3 million in Q2 2026.
- Reported a net loss of $18.8 million, or $(1.04) per diluted share.
- Adjusted EBITDA was $53.9 million, or 7.5% of sales.
- Generated $16.3 million in free cash flow, up $39.7 million year-over-year.
- Secured $118.4 million in net new business awards during the quarter.
- Maintains full-year sales guidance of $2.7 - $2.9 billion.
- Tightened full-year Adjusted EBITDA guidance to $265 - $295 million.
- Total liquidity stood at $294.2 million as of June 30, 2026.
Price Impact
More from CPS