Cooper-Standard Holdings Inc.

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.

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.

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.

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.