NORTHVILLE, Mich., Oct. 30, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2025.
Third Quarter 2025 Highlights
-- Sales of $695.5 million, an increase of 1.5% vs. the third quarter of
2024
-- Gross profit of $87.1 million, an increase of 14.2% vs. the third quarter
of 2024
-- Operating income of $26.5 million, an increase of 12.8% vs. the third
quarter of 2024
-- Net loss of $7.6 million, or $(0.43) per diluted share, an improvement of
$3.4 million vs. the third quarter of 2024
-- Adjusted net loss of $4.4 million, or $(0.24) per diluted share, an
improvement of $7.6 million vs. the third quarter of 2024
-- Adjusted EBITDA of $53.3 million, or 7.7% of sales, an increase of $7.1
million vs. the third quarter of 2024
"Our operating performance continues to be outstanding, delivering results for the first nine months of the year that exceeded our original plans," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "We expect our execution will enable us to successfully navigate further temporary customer production disruptions in the fourth quarter and continue to drive higher margins and improved shareholder value going forward."
Consolidated Results
Three Months Ended September 30, Nine Months Ended September 30,
------------------------------------------------------- -----------------------------------------------------
2025 2024 2025 2024
--------------------------- -------------------------- -------------------------- -------------------------
(Dollar amounts in millions except per share amounts)
Sales $ 695.5 $ 685.4 $ 2,068.5 $ 2,070.1
Net loss $ (7.6) $ (11.1) $ (7.5) $ (119.0)
Adjusted
net
(loss)
income $ (4.4) $ (12.0) $ 0.1 $ (53.9)
Net loss
per
diluted
share $ (0.43) $ (0.63) $ (0.42) $ (6.78)
Adjusted
net
(loss)
income
per
diluted
share $ (0.24) $ (0.68) $ 0.01 $ (3.07)
Adjusted
EBITDA $ 53.3 $ 46.1 $ 174.7 $ 126.4
Sales increased by 1.5% in the third quarter due primarily to favorable foreign exchange and favorable volume and mix, partially offset by certain customer price adjustments.
Net loss for the third quarter of 2025 was $7.6 million, including restructuring charges of $3.5 million and other special items. Net loss for the third quarter of 2024 was $11.1 million, including restructuring charges of $1.5 million and other special items. Excluding these special items and their related tax impact, adjusted net loss was $4.4 million in the third quarter of 2025 compared to adjusted net loss of $12.0 million in the third quarter of 2024, or an improvement of $7.6 million year-over-year. The improvement was primarily driven by increased manufacturing and purchasing efficiency and favorable foreign exchange, partially offset by unfavorable volume, mix and price, higher selling, general administration and engineering (SGA&E) expense related to stock price appreciation adjustments for certain equity-based incentive compensation accruals, and ongoing general inflation.
Adjusted EBITDA for the third quarter of 2025 was $53.3 million compared to $46.1 million in the third quarter of 2024. The year-over-year improvement was primarily driven by increased manufacturing and purchasing efficiency and favorable foreign exchange, partially offset by unfavorable volume, mix and price, higher SGA&E expense related to stock price appreciation adjustments for certain equity-based incentive compensation accruals, and ongoing general inflation.
Cash Flow and Liquidity
Cash provided by operating activities in the third quarter of 2025 was $38.6 million, an increase of $10.8 million compared to the third quarter of 2024. Free cash flow (defined as net cash provided by operating activities minus capital expenditures) in the third quarter of 2025 was $27.4 million, an increase of $10.5 million compared to the third quarter of 2024. The increase was driven primarily by improved operating earnings and positive net change in working capital.
As of September 30, 2025, Cooper Standard had cash and cash equivalents totaling $147.6 million. Total liquidity, including availability under the Company's amended senior asset-based revolving credit facility, was $313.5 million at the end of the third quarter of 2025. Based on current expectations for light vehicle production and customer demand for our products, the Company believes it has sufficient financial resources to support ongoing operations and the execution of planned strategic initiatives for the foreseeable future. These financial resources include current cash on hand, continuing access to flexible credit facilities, and expected future positive cash generation.
Adjusted net (loss) income, adjusted EBITDA, adjusted net (loss) income per diluted share, and free cash flow are non-GAAP measures. Reconciliations to the most directly comparable financial measures, calculated and presented in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"), are provided in the attached supplemental schedules.
New Business Awards
The Company continues to leverage its world-class engineering and manufacturing capabilities, its innovation programs and its reputation for quality and service to win new business awards with its OEM customers and capitalize on positive global trends associated with hybrid and battery electric vehicles. During the third quarter of 2025, the Company received net new business awards totaling $96.4 million in anticipated future annualized sales. Through the first nine months of 2025, the Company has received $228.5 million in net new business awards, primarily related to battery-electric and hybrid vehicle platforms.
Segment Results of Operations
Sales
--------------------------------------------------------------------------------
Three Months Ended September 30, Variance Due To:
---------------------------------------
Volume/ Foreign
2025 2024 Change Mix* Exchange
----------- ----------- ------------- ------------ -------------
(Dollar amounts in thousands)
Sales to
external
customers
Sealing
systems $ 348,778 $ 353,365 $ (4,587) $ (10,665) $ 6,078
Fluid
handling
systems 328,566 313,739 14,827 13,195 1,632
* Net of customer price adjustments, including recoveries.
Adjusted EBITDA
------------------------------------------------------------------------------------------------
Three Months Ended September 30, Variance Due To:
-------------------------------------- --------------------------------------------
Volume/ Foreign Cost Decreases/
2025 2024 Change Mix* Exchange (Increases)**
----------- ----------- ------------ ------------ ------------- ---------------
(Dollar amounts in thousands)
Segment
adjusted
EBITDA
Sealing
systems $ 30,853 $ 29,904 $ 949 $ (8,828) $ (681) $ 10,458
Fluid
handling
systems 29,029 23,089 5,940 4,154 3,583 (1,797)
* Net of customer price adjustments, including recoveries.
** Net of savings from 2024 restructuring initiatives.
Additional detail on our quarterly segment variance analyses is available in our periodic filings with the Securities and Exchange Commission.
Outlook
The Company believes it is well positioned to continue driving sustainable value through profitable growth and margin enhancement. While supply chain disruptions, changing trade and tariff policies, and affordability concerns have impacted near-term production forecasts, the Company believes that the underlying demand for new light vehicle production in its key operating regions remains strong, supported by the age of the existing fleet, increasing population, increasing numbers of newly licensed drivers, and declining vehicle inventories. The Company remains confident that the continuing successful execution of its plans and strategies, including expanding relationships with new customers and the continued launch of new, innovative programs with enhanced contribution margins, will drive increasing profit margins and returns on invested capital over time as markets stabilize.
Following strong actual results in the first nine months of the year, the Company has adjusted its full year guidance to reflect approximately $25 million of expected lost profit related to temporary customer production cuts stemming from supply chain and other market disruptions in the fourth quarter. The revised guidance is as follows:
2024 Actuals Current 2025 Guidance(1)
------------------------------------ -------------- ------------------------
Sales $2.73 billion $2.68 - $2.72 billion
------------------------------------ -------------- ------------------------
Adjusted EBITDA(2) $180.7 million $200 - $210 million
------------------------------------ -------------- ------------------------
Capital Expenditures $50.5 million $45 - $50 million
------------------------------------ -------------- ------------------------
Cash Restructuring $26.5 million $20 - $25 million
------------------------------------ -------------- ------------------------
Net Cash Interest $97.3 million $105 - $115 million
------------------------------------ -------------- ------------------------
Net Cash Taxes $19.1 million $20 - $25 million
------------------------------------ -------------- ------------------------
Key Light Vehicle Productions
Assumptions (Units)
------------------------------------ -------------- ------------------------
North America 15.5 million 15.0 million
------------------------------------ -------------- ------------------------
Europe 17.1 million 16.9 million
------------------------------------ -------------- ------------------------
Greater China 30.1 million 32.0 million
------------------------------------ -------------- ------------------------
South America 3.0 million 3.2 million
------------------------------------ -------------- ------------------------
(1) Guidance is representative of management's estimates and expectations as
of the date it is published. Previous guidance was presented in our second
quarter 2025 earnings press release published on July 31, 2025. Current
guidance as presented in this press release considers October 2025 S&P Global
production forecasts for relevant light vehicle platforms and models,
customers' planned production schedules, including estimated impact of
temporary production disruptions in the fourth quarter, and other internal
assumptions.
(2) Adjusted EBITDA is a non-GAAP financial measure. The Company has not
provided a reconciliation of projected adjusted EBITDA to projected net income
(loss) because full-year net income (loss) will include special items that
have not yet occurred and are difficult to predict with reasonable certainty
prior to year-end. Due to this uncertainty, the Company cannot reconcile
projected adjusted EBITDA to U.S. GAAP net income (loss) without unreasonable
effort.
Conference Call Details
Cooper Standard management will host a conference call and webcast on October 31, 2025 at 9 a.m. ET to discuss its third quarter 2025 results, provide a general business update and respond to investor questions. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at https://ir.cooperstandard.com/events.
To participate by phone, callers in the United States and Canada can dial toll-free at 800-836-8184 (international callers dial 646-357-8785) and ask to be connected to the Cooper Standard conference call. Representatives of the investment community will have the opportunity to ask questions during Q&A. Participants should dial-in at least five minutes prior to the start of the call.
A replay of the webcast will be available on the investors' portion of the Cooper Standard website shortly after the live event.
About Cooper Standard
Cooper Standard, headquartered in Northville, Mich., with locations in 20 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 22,000 team members (including contingent workers) are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on LinkedIn, X, Facebook, Instagram or YouTube.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words "estimate," "expect," "anticipate," "project," "plan," "intend," "believe," "outlook," "guidance," "forecast," or future or conditional verbs, such as "will," "should," "could," "would," or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: volatility or decline of the Company's stock price, or absence of stock price appreciation; impacts and disruptions related to the wars in Ukraine and the Middle East; the effects of the current U.S. government shutdown and its impact on our customers; our ability to achieve commercial recoveries and to offset the adverse impact of higher commodity and other costs through pricing and other negotiations with our customers; work stoppages or other labor disruptions with our employees or our customers' employees; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruptions in our supply base or our customers' supply base; competitive threats and commercial risks associated with our diversification strategy; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and rates of interest; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; significant costs related to manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers' needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; the potential impact of any future public health events on our financial condition and results of operations; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations.; and other risks and uncertainties, including those detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this press release and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law.
This press release also contains estimates and other information that is based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information.
Contact for Analysts: Contact for Media: Roger Hendriksen Chris Andrews Cooper Standard Cooper Standard (248) 596-6465 (248) 596-6217 roger.hendriksen@cooperstandard.com candrews@cooperstandard.com
Financial statements and related notes follow:
COOPER-STANDARD HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollar amounts in thousands except per share and share amounts)
Three Months Ended September 30, Nine Months Ended September 30,
-------------------------------------------------- --------------------------------------------------
2025 2024 2025 2024
------------------------ ------------------------ ------------------------ ------------------------
Sales $ 695,502 $ 685,353 $ 2,068,544 $ 2,070,140
Cost of products
sold 608,361 609,041 1,811,174 1,849,245
------------------------ ------------------------ ------------------------ ------------------------
Gross profit 87,141 76,312 257,370 220,895
Selling,
administration &
engineering
expenses 55,396 49,698 157,797 157,472
Amortization of
intangibles 1,746 1,628 5,068 4,894
Restructuring
charges 3,535 1,516 8,498 20,430
Operating income 26,464 23,470 86,007 38,099
Interest expense,
net of interest
income (28,614) (29,125) (85,945) (87,041)
Equity in
earnings of
affiliates 1,250 1,258 4,734 4,830
Pension
settlement
credit (charge) -- 2,216 -- (44,571)
Other (expense)
income, net (2,857) (5,851) 2,360 (14,629)
------------------------ ------------------------ ------------------------ ------------------------
(Loss) income
before income
taxes (3,757) (8,032) 7,156 (103,312)
Income tax
expense 3,864 2,861 14,648 15,072
------------------------ ------------------------ ------------------------ ------------------------
Net loss (7,621) (10,893) (7,492) (118,384)
Net income
attributable to
noncontrolling
interests (23) (164) (1) (576)
------------------------ ------------------------ ------------------------ ------------------------
Net loss
attributable to
Cooper-Standard
Holdings Inc. $ (7,644) $ (11,057) $ (7,493) $ (118,960)
======================== ======================== ======================== ========================
Weighted average
shares
outstanding:
Basic 17,925,510 17,612,001 17,840,926 17,546,292
Diluted 17,925,510 17,612,001 17,840,926 17,546,292
Net loss per
share:
Basic $ (0.43) $ (0.63) $ (0.42) $ (6.78)
======================== ======================== ======================== ========================
Diluted $ (0.43) $ (0.63) $ (0.42) $ (6.78)
======================== ======================== ======================== ========================
COOPER-STANDARD HOLDINGS INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollar amounts in thousands except share amounts)
September 30, 2025 December 31, 2024
------------------------------ ------------------------------
(unaudited)
Assets
-------------------
Current assets:
Cash and cash
equivalents $ 147,622 $ 170,035
Accounts
receivable, net 382,345 310,738
Tooling
receivable, net 80,097 69,204
Inventories 197,669 142,401
Prepaid expenses 28,097 25,833
Value added tax
receivable 56,507 45,120
Other current
assets 52,945 41,925
Total current
assets 945,282 805,256
Property, plant and
equipment, net 522,158 539,201
Operating lease
right-of-use
assets, net 82,807 87,292
Goodwill 140,615 140,443
Intangible assets,
net 30,078 33,805
Other assets 140,682 127,068
------------------------------ ------------------------------
Total assets $ 1,861,622 $ 1,733,065
============================== ==============================
Liabilities and
Equity
-------------------
Current
liabilities:
Debt payable
within one year $ 43,235 $ 42,428
Accounts payable 366,600 295,178
Payroll
liabilities 111,617 103,701
Accrued interest 32,025 5,115
Accrued
liabilities 110,942 111,502
Current operating
lease
liabilities 18,496 18,859
Total current
liabilities 682,915 576,783
Long-term debt 1,059,804 1,057,839
Pension benefits 100,584 89,253
Postretirement
benefits other
than pensions 26,208 26,336
Long-term operating
lease liabilities 67,962 71,907
Other liabilities 34,246 44,317
------------------------------ ------------------------------
Total
liabilities 1,971,719 1,866,435
Equity:
Common stock,
$0.001 par value,
190,000,000
shares
authorized;
19,702,818 shares
issued and
17,637,009 shares
outstanding as of
September 30,
2025, and
19,392,340 shares
issued and
17,326,531 shares
outstanding as of
December 31,
2024 17 17
Additional paid-in
capital 521,206 518,208
Retained deficit (478,055) (470,562)
Accumulated other
comprehensive
loss (145,478) (173,432)
------------------------------ ------------------------------
Total
Cooper-Standard
Holdings Inc.
equity (102,310) (125,769)
Noncontrolling
interests (7,787) (7,601)
------------------------------ ------------------------------
Total equity (110,097) (133,370)
------------------------------ ------------------------------
Total
liabilities and
equity $ 1,861,622 $ 1,733,065
============================== ==============================
COOPER-STANDARD HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Dollar amounts in thousands)
Nine Months Ended September 30,
-----------------------------------------------------------
2025 2024
------------------------------ ---------------------------
Operating activities:
Net loss $ (7,492) $ (118,384)
Adjustments to reconcile net loss to net cash
provided by operating activities:
Depreciation 68,164 73,358
Amortization of
intangibles 5,068 4,894
Pension
settlement
charge -- 44,571
Share-based
compensation
expense 11,631 7,057
Equity in
earnings of
affiliates, net
of dividends
related to
earnings (1,380) (1,199)
Payment-in-kind
interest -- 12,367
Deferred income
taxes 3,455 1,889
Other 3,704 4,036
Changes in
operating assets
and liabilities (74,953) (26,942)
------------------------------ ---------------------------
Net cash
provided by
operating
activities 8,197 1,647
Investing activities:
Capital
expenditures (36,506) (39,014)
Proceeds from sale
of businesses 2,558 --
Other -- 287
------------------------------ ---------------------------
Net cash used in
investing
activities (33,948) (38,727)
Financing activities:
Principal payments
on long-term debt (2,080) (1,901)
Increase (decrease)
in short-term
debt, net 22 (2,356)
Debt issuance costs
and other fees -- (1,921)
Taxes withheld and
paid on employees'
share-based
payment awards (1,728) (612)
Net cash used in
financing
activities (3,786) (6,790)
Effects of exchange
rate changes on cash,
cash equivalents and
restricted cash 6,241 (2,569)
------------------------------ ---------------------------
Changes in cash, cash
equivalents and
restricted cash (23,296) (46,439)
Cash, cash equivalents
and restricted cash
at beginning of
period 178,697 163,061
------------------------------ ---------------------------
Cash, cash equivalents
and restricted cash
at end of period $ 155,401 $ 116,622
============================== ===========================
Reconciliation of cash, cash equivalents and restricted cash to the condensed
consolidated balance sheets:
Balance as of
-----------------------------------------------------------
September 30, 2025 December 31, 2024
------------------------------ ---------------------------
Cash and cash
equivalents $ 147,622 $ 170,035
Restricted cash
included in other
current assets 5,858 7,590
Restricted cash
included in other
assets 1,921 1,072
------------------------------ ---------------------------
Total cash, cash
equivalents and
restricted cash $ 155,401 $ 178,697
============================== ===========================
Non-GAAP Financial Measures
EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating performance not indicative of the Company's core financial activities. Net new business is a measure not recognized under U.S. GAAP which is a representation of potential incremental future revenue but which may not fully reflect all external impacts to future revenue. Management considers EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business to be key indicators of the Company's operating performance and believes that these and similar measures are widely used by investors, securities analysts and other interested parties in evaluating the Company's performance. In addition, similar measures are utilized in the calculation of the financial covenants and ratios contained in the Company's financing arrangements and management uses these measures for developing internal budgets and forecasting purposes. EBITDA is defined as net income (loss) adjusted to reflect income tax expense (benefit), interest expense net of interest income, depreciation and amortization, and adjusted EBITDA is defined as EBITDA further adjusted to reflect certain items that management does not consider to be reflective of the Company's core operating performance. Adjusted net income (loss) is defined as net income (loss) adjusted to reflect certain items that management does not consider to be reflective of the Company's core operating performance. Adjusted EBITDA margin is defined as adjusted EBITDA as a percentage of sales. Adjusted basic and diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted average number of basic and diluted shares, respectively, outstanding during the period. Free cash flow is defined as net cash provided by operating activities minus capital expenditures and is useful to both management and investors in evaluating the Company's ability to service and repay its debt. Net new business reflects anticipated sales from formally awarded programs, less lost business, discontinued programs and replacement programs and is based on S&P Global (IHS Markit) forecast production volumes. The calculation of "net new business" does not reflect customer price reductions on existing programs and may be impacted by various assumptions embedded in the respective calculation, including actual vehicle production levels on new programs, foreign exchange rates and the timing of major program launches.
When analyzing the Company's operating performance, investors should use EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business as supplements to, and not as alternatives for, net income (loss), operating income, or any other performance measure derived in accordance with U.S. GAAP, and not as an alternative to cash flow from operating activities as a measure of the Company's liquidity. EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of the Company's results of operations as reported under U.S. GAAP. Other companies may report EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business differently and therefore the Company's results may not be comparable to other similarly titled measures of other companies. In addition, in evaluating adjusted EBITDA and adjusted net income (loss), it should be noted that in the future the Company may incur expenses similar to or in excess of the adjustments in the below presentation. This presentation of adjusted EBITDA and adjusted net income (loss) should not be construed as an inference that the Company's future results will be unaffected by special items. Reconciliations of EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss) and free cash flow follow.
Reconciliation of Non-GAAP Financial Measures
EBITDA and Adjusted EBITDA
(Unaudited)
(Dollar amounts in thousands)
The following table provides a reconciliation of EBITDA and adjusted EBITDA from net loss:
Three Months Ended September 30, Nine Months Ended September 30,
------------------------------------------- -------------------------------------------
2025 2024 2025 2024
--------------------- -------------------- --------------------- --------------------
Net loss
attributable to
Cooper-Standard
Holdings Inc. $ (7,644) $ (11,057) $ (7,493) $ (118,960)
Income tax
expense 3,864 2,861 14,648 15,072
Interest
expense, net of
interest
income 28,614 29,125 85,945 87,041
Depreciation and
amortization 24,883 25,916 73,232 78,252
--------------------- -------------------- --------------------- --------------------
EBITDA $ 49,717 $ 46,845 $ 166,332 $ 61,405
Restructuring
charges 3,535 1,516 8,498 20,430
Gain on sale of
businesses, net
(1) -- -- (98) --
Pension
settlement
(credit) charge
(2) -- (2,216) -- 44,571
--------------------- -------------------- --------------------- --------------------
Adjusted EBITDA $ 53,252 $ 46,145 $ 174,732 $ 126,406
===================== ==================== ===================== ====================
Sales $ 695,502 $ 685,353 $ 2,068,544 $ 2,070,140
Net loss margin (1.1) % (1.6) % (0.4) % (5.7) %
Adjusted EBITDA
margin 7.7 % 6.7 % 8.4 % 6.1 %
(1) Gain on sale of businesses related to divestiture in 2024.
(2) Pension credit and one-time, non-cash settlement charge and
administrative fees incurred related to the termination of our U.S.
Pension Plan in 2024.
Adjusted Net (Loss) Income and Adjusted Net (Loss) Income Per Share
(Unaudited)
(Dollar amounts in thousands except per share and share amounts)
The following table provides a reconciliation of net loss to adjusted net (loss) income and the respective net (loss) income per
share amounts:
Three Months Ended September 30, Nine Months Ended September 30,
------------------------------------------------------ -------------------------------------------------------
2025 2024 2025 2024
-------------------------- -------------------------- --------------------------- --------------------------
Net loss
attributable to
Cooper-Standard
Holdings Inc. $ (7,644) $ (11,057) $ (7,493) $ (118,960)
Restructuring
charges 3,535 1,516 8,498 20,430
Gain on sale of
businesses, net
(1) -- -- (98) --
Pension
settlement
(credit) charge
(2) -- (2,216) -- 44,571
Tax impact of
adjusting items
(3) (274) (255) (813) 68
-------------------------- -------------------------- --------------------------- --------------------------
Adjusted net
(loss) income $ (4,383) $ (12,012) $ 94 $ (53,891)
========================== ========================== =========================== ==========================
Weighted average
shares
outstanding:
Basic 17,925,510 17,612,001 17,840,926 17,546,292
Diluted 17,925,510 17,612,001 17,840,926 17,546,292
Net loss per
share:
Basic $ (0.43) $ (0.63) $ (0.42) $ (6.78)
========================== ========================== =========================== ==========================
Diluted $ (0.43) $ (0.63) $ (0.42) $ (6.78)
========================== ========================== =========================== ==========================
Adjusted net
(loss) income
per share:
Basic $ (0.24) $ (0.68) $ 0.01 $ (3.07)
========================== ========================== =========================== ==========================
Diluted $ (0.24) $ (0.68) $ 0.01 $ (3.07)
========================== ========================== =========================== ==========================
(1) Gain on sale of businesses related to divestiture in 2024.
(2) Pension credit and one-time, non-cash settlement charge and
administrative fees incurred related to the termination of our U.S.
Pension Plan in 2024.
(3) Represents the elimination of the income tax impact of the above
adjustments by calculating the income tax impact of these adjusting items
using the appropriate tax rate for the jurisdiction where the charges
were incurred and other discrete tax expense.
Free Cash Flow
(Unaudited)
(Dollar amounts in thousands)
The following table defines free cash flow:
Three Months Ended September 30, Nine Months Ended September 30,
------------------------------------------ ----------------------------------------------
2025 2024 2025 2024
-------------------- -------------------- ---------------------- ----------------------
Net cash
provided by
operating
activities $ 38,628 $ 27,859 $ 8,197 $ 1,647
Capital
expenditures (11,191) (10,937) (36,506) (39,014)
-------------------- -------------------- ---------------------- ----------------------
Free cash
flow $ 27,437 $ 16,922 $ (28,309) $ (37,367)
==================== ==================== ====================== ======================
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SOURCE Cooper Standard
(END) Dow Jones Newswires
October 30, 2025 16:30 ET (20:30 GMT)