US Market News
4週前
Cooper Standard Reports Solid First Quarter 2026 Results and Strong New Business Awards; Remains on Track to Achieve or Exceed Full Year PlansMay 6, 2026 4:30 PM
PR Newswire (US) NORTHVILLE, Mich., May 6, 2026 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the first quarter 2026. First Quarter 2026 HighlightsSales of $686.4 million, an increase of 2.9% vs. the first quarter of 2025Gross profit of $82.4 million, an increase of 6.8% vs. the first quarter of 2025Net loss of $33.3 million, or $(1.85) per diluted share, including loss on refinancing of debtAdjusted net loss of $5.2 million, or $(0.29) per diluted shareAdjusted EBITDA of $51.0 million, or 7.4% of salesNet New Business Awards totaled $127.9 million during the quarter
"Our teams delivered results in the quarter that were consistent with our plans and expectations," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "By maintaining focus on operational excellence and our strategic execution, we are effectively managing current market dynamics and believe we are on track to achieve or exceed our sales and profitability targets for the full year."Consolidated Results
Three Months Ended March 31,
2026
2025
(Dollar amounts in millions except
per share amounts)Sales$ 686.4
$ 667.1Net (loss) income$ (33.3)
$ 1.6Adjusted net (loss) income*$ (5.2)
$ 3.5Net (loss) income per diluted share$ (1.85)
$ 0.09Adjusted net (loss) income per diluted share*$ (0.29)
$ 0.19Adjusted EBITDA*$ 51.0
$ 58.7
*Adjusted net (loss) income, adjusted EBITDA, and adjusted net (loss) income per diluted share 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.Sales increased by 2.9% in the first quarter due primarily to favorable foreign exchange, partially offset by unfavorable volume and mix.Net loss for the first quarter of 2026 was $33.3 million, including restructuring charges of $4.6 million, a loss of $24.2 million related to the successful debt refinancing completed during the quarter, and other special items. Net income for the first quarter of 2025 was $1.6 million, including restructuring charges of $2.1 million and other special items. Excluding these special items and their related tax impact, adjusted net loss was $5.2 million in the first quarter of 2026 compared to adjusted net income of $3.5 million in the first quarter of 2025. The year-over-year change was primarily due to unfavorable volume and mix, the non-recurrence of certain royalty payments received in the first quarter of 2025, and general cost inflation, partially offset by cost savings from increased manufacturing and purchasing efficiency.Adjusted EBITDA for the first quarter of 2026 was $51.0 million compared to $58.7 million in the first quarter of 2025. The year-over-year change was primarily driven by unfavorable volume and mix, the non-recurrence of certain royalty payments received in the first quarter of 2025, and general cost inflation, partially offset by increased manufacturing and purchasing efficiency.New Business AwardsThe 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 first quarter of 2026, the Company received net new business awards totaling $127.9 million in anticipated incremental future annualized sales, including $31.8 million in new awards associated with battery electric or full-hybrid platforms.Segment Results of OperationsSales
Three Months Ended March 31,
Variance Due To:
2026
2025
Change
Volume/Mix*
Foreign
Exchange
(Dollar amounts in thousands)Sales to external customers
Sealing systems$ 348,303
$ 344,311
$ 3,992
$ (14,560)
$ 18,552Fluid handling systems317,946
303,998
13,948
8,507
5,441* Net of customer price adjustments, including recoveries.Adjusted EBITDA
Three Months Ended March 31,
Variance Due To:
2026
2025
Change
Volume/Mix*
Foreign
Exchange
Cost Decreases/
(Increases)**
(Dollar amounts in thousands)Segment adjusted EBITDA
Sealing systems$ 29,951
$ 32,312
$ (2,361)
$ (9,799)
$ 368
$ 7,070Fluid handling systems23,455
20,982
2,473
2,544
(4,619)
4,548* Net of customer price adjustments, including recoveries.** Net of savings from restructuring initiatives.Additional detail on our quarterly segment variance analyses is available in our periodic filings with the Securities and Exchange Commission.Cash and LiquidityAs of March 31, 2026, following the successful refinancing transaction completed during the quarter, Cooper Standard had cash and cash equivalents totaling $118.5 million. Total liquidity, including availability under the Company's amended senior asset-based revolving credit facility, was $285.8 million at the end of the first quarter of 2026. 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.OutlookThe Company believes it is well positioned to continue driving sustainable value through profitable growth and margin enhancement. While customer supply chain disruptions, changing trade and tariff policies, geopolitical issues and affordability concerns have impacted and may continue to impact 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 and enhanced index-based commercial agreements, will drive increasing profit margins and returns on invested capital over time as markets stabilize.Following strong actual results in the first three months of the year, the Company believes it is on track to achieve or exceed the targeted ranges for sales and profitability as outlined in its formal guidance for 2026 issued in February. The Company expects to provide a formal update to its full year guidance in conjunction with the release of its second quarter 2026 results.Conference Call DetailsCooper Standard management will host a conference call and webcast on May 7, 2026 at 9 a.m. ET to discuss its first quarter 2026 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 (https://ir.cooperstandard.com) shortly after the live event.About Cooper StandardCooper 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 StatementsThis 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; 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; the effects of a potential U.S. government shutdown and its impact on our customers; 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 HendriksenChris AndrewsCooper StandardCooper Standard(248) 596-6465(248) 596-6217roger.hendriksen@cooperstandard.comcandrews@cooperstandard.comFinancial statements and related notes follow:COOPER-STANDARD HOLDINGS INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(Dollar amounts in thousands except share and per share amounts)
Three Months Ended March 31,
2026
2025Sales$ 686,359
$ 667,069Cost of products sold603,941
589,891Gross profit82,418
77,178Selling, administration & engineering expenses52,505
51,191Amortization of intangibles1,224
1,612Restructuring charges4,632
2,111Operating income24,057
22,264Interest expense, net of interest income(28,308)
(28,619)Equity in earnings of affiliates1,449
1,776Loss on refinancing and extinguishment of debt(24,155)
—Other (expense) income, net(2,112)
8,884(Loss) income before income taxes(29,069)
4,305Income tax expense4,197
2,703Net (loss) income(33,266)
1,602Net income attributable to noncontrolling interests(37)
(50)Net (loss) income attributable to Cooper-Standard Holdings Inc.$ (33,303)
$ 1,552
Weighted average shares outstanding:
Basic17,969,620
17,712,568Diluted17,969,620
17,911,855
Net (loss) income per share:
Basic$ (1.85)
$ 0.09Diluted$ (1.85)
$ 0.09 COOPER-STANDARD HOLDINGS INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Dollar amounts in thousands except share amounts)
March 31, 2026
December 31, 2025
(unaudited)
Assets
Current assets:
Cash and cash equivalents$ 118,488
$ 191,699Accounts receivable, net378,007
334,267Tooling receivable, net74,876
72,316Inventories185,004
154,189Prepaid expenses23,830
23,940Value added tax receivable41,103
47,329Other current assets81,793
57,360Total current assets903,101
881,100Property, plant and equipment, net511,744
523,508Operating lease right-of-use assets, net93,987
83,474Goodwill140,609
140,696Intangible assets, net27,851
28,978Other assets175,762
175,418Total assets$ 1,853,054
$ 1,833,174
Liabilities and Equity
Current liabilities:
Debt payable within one year$ 44,289
$ 86,121Accounts payable364,770
337,319Payroll liabilities104,189
122,395Accrued liabilities112,673
114,150Current operating lease liabilities18,715
18,412Total current liabilities644,636
678,397Long-term debt1,099,887
1,018,483Pension benefits89,905
91,336Postretirement benefits other than pensions25,845
26,461Long-term operating lease liabilities80,340
69,806Other liabilities35,925
40,268Total liabilities1,976,538
1,924,751Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized; 19,821,093 shares issued
and 17,755,284 shares outstanding as of March 31, 2026, and 19,702,818 shares issued and
17,637,009 shares outstanding as of December 31, 202518
17Additional paid-in capital523,887
524,312Retained deficit(508,030)
(474,727)Accumulated other comprehensive loss(131,193)
(133,090)Total Cooper-Standard Holdings Inc. equity(115,318)
(83,488)Noncontrolling interests(8,166)
(8,089)Total equity(123,484)
(91,577)Total liabilities and equity$ 1,853,054
$ 1,833,174 COOPER-STANDARD HOLDINGS INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(Dollar amounts in thousands)
Three Months Ended March 31,
2026
2025Operating activities:
Net (loss) income$ (33,266)
$ 1,602Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation21,796
22,216Amortization of intangibles1,224
1,612Share-based compensation expense2,610
2,199Equity in losses of affiliates, net of dividends related to earnings588
193Loss on refinancing and extinguishment of debt24,155
—Deferred income taxes1,037
3,929Other969
1,257Changes in operating assets and liabilities(88,267)
(47,859)Net cash used in operating activities(69,154)
(14,851)Investing activities:
Capital expenditures(24,041)
(17,543)Proceeds from sale of businesses—
2,377Other4
12Net cash used in investing activities(24,037)
(15,154)Financing activities:
Proceeds from issuance of long-term debt, net of debt issuance costs1,090,610
—Repayment of long-term debt(1,051,175)
—Principal payments on long-term debt(523)
(763)Debt issuance costs and other fees(19,529)
—Taxes withheld and paid on employees' share-based payment awards(2,936)
(1,678)Other(8)
(22)Net cash provided by (used in) financing activities16,439
(2,463)Effects of exchange rate changes on cash, cash equivalents and restricted cash(704)
2,121Changes in cash, cash equivalents and restricted cash(77,456)
(30,347)Cash, cash equivalents and restricted cash at beginning of period199,882
178,697Cash, cash equivalents and restricted cash at end of period$ 122,426
$ 148,350
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:
Balance as of
March 31, 2026
December 31, 2025Cash and cash equivalents$ 118,488
$ 191,699Restricted cash included in other current assets2,882
6,581Restricted cash included in other assets1,056
1,602Total cash, cash equivalents and restricted cash$ 122,426
$ 199,882Non-GAAP Financial MeasuresEBITDA, 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. 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) income:
Three Months Ended March 31,
2026
2025Net (loss) income attributable to Cooper-Standard Holdings Inc.$ (33,303)
$ 1,552Income tax expense4,197
2,703Interest expense, net of interest income28,308
28,619Depreciation and amortization23,020
23,828EBITDA$ 22,222
$ 56,702Restructuring charges 4,632
2,111Gain on sale of businesses, net (1)—
(98)Loss on refinancing and extinguishment of debt (2)24,155
—Adjusted EBITDA$ 51,009
$ 58,715
Sales$ 686,359
$ 667,069Net (loss) income margin(4.9) %
0.2 %Adjusted EBITDA margin7.4 %
8.8 %(1)Gain on sale of businesses related to divestiture in 2024.(2)Loss on refinancing and extinguishment of debt relating to the Refinancing Transactions during the three months ended March 31, 2026. Adjusted Net (Loss) Income and Adjusted Net (Loss) Income Per Share(Unaudited)(Dollar amounts in thousands except share and per share amounts) The following table provides a reconciliation of net (loss) income to adjusted net (loss) income and the respective net (loss)
income per share amounts:
Three Months Ended March 31,
2026
2025Net (loss) income attributable to Cooper-Standard Holdings Inc.$ (33,303)
$ 1,552Restructuring charges4,632
2,111Gain on sale of businesses, net (1)—
(98)Loss on refinancing and extinguishment of debt (2)24,155
—Tax impact of adjusting items (3)(731)
(111)Adjusted net (loss) income$ (5,247)
$ 3,454
Weighted average shares outstanding:
Basic17,969,620
17,712,568Diluted17,969,620
17,911,855
Net (loss) income per share:
Basic$ (1.85)
$ 0.09Diluted$ (1.85)
$ 0.09
Adjusted net (loss) income per share:
Basic$ (0.29)
$ 0.20Diluted$ (0.29)
$ 0.19(1)Gain on sale of businesses related to divestiture in 2024.(2)Loss on refinancing and extinguishment of debt relating to the Refinancing Transactions during the three months ended March 31, 2026.(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 March 31,
2026
2025Net cash used in operating activities$ (69,154)
$ (14,851)Capital expenditures(24,041)
(17,543)Free cash flow$ (93,195)
$ (32,394) View original content to download multimedia:https://www.prnewswire.com/news-releases/cooper-standard-reports-solid-first-quarter-2026-results-and-strong-new-business-awards-remains-on-track-to-achieve-or-exceed-full-year-plans-302764609.htmlSOURCE Cooper Standard Original: Cooper Standard Reports Solid First Quarter 2026 Results and Strong New Business Awards; Remains on Track to Achieve or Exceed Full Year Plans
US Market News
4月前
Cooper Standard Reports Strong Fourth Quarter Cash Flow Despite Industry Disruption; Continued Margin Expansion and Positive Cash Flow Highlight Full Year 2025 ResultsFebruary 12, 2026 4:30 PM
PR Newswire (US)
NORTHVILLE, Mich., Feb. 12, 2026 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2025.
Fourth Quarter 2025 Summary
Sales totaled $672.4 million, an increase of 1.8% vs. the fourth quarter of 2024Operating income totaled $0.6 million, a decrease of $31.1 million vs. the fourth quarter of 2024Net income of $3.3 million, or $0.18 per diluted share, reflected a decrease of $36.9 million vs. the fourth quarter of 2024Adjusted EBITDA totaled $34.9 million, or 5.2% of salesNet cash provided by operating activities of $56.2 million and free cash flow of $44.6 millionFull Year 2025 SummarySales totaled $2.74 billion, an increase of 0.4% vs. 2024Operating income totaled $86.6 million, an increase of 24.0% vs. 2024Net loss of $4.2 million, or $(0.23) per diluted share, reflected an improvement of $74.6 million vs. 2024Adjusted EBITDA of $209.7 million, or 7.6% of sales, increased by $29.0 million vs. 2024Net cash provided by operating activities of $64.4 million and free cash flow of $16.3 million"Our team's strong operating performance continues to drive margin expansion and improved cash flow as planned," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "Our full year 2025 results exceeded our original plans and expectations for both adjusted EBITDA and cash flow despite significant production declines on a key customer program that negatively impacted the fourth quarter. More importantly, we anticipate further improvements in 2026 with our adjusted EBITDA margin expected to reach or exceed 10 percent of sales for the full year as we continue to deliver value for our customers, launch new programs and optimize our costs."Consolidated Results
Quarter Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
(Unaudited)
(Unaudited)
(Unaudited)
(dollar amounts in millions except per share amounts)Sales$ 672.4
$ 660.8
$ 2,740.9
$ 2,730.9Net income (loss)$ 3.3
$ 40.2
$ (4.2)
$ (78.7)Adjusted net loss$ (31.0)
$ (2.9)
$ (30.9)
$ (56.7)Net income (loss) per diluted share$ 0.18
$ 2.24
$ (0.23)
$ (4.48)Adjusted net loss per diluted share$ (1.73)
$ (0.16)
$ (1.73)
$ (3.23)Adjusted EBITDA$ 34.9
$ 54.3
$ 209.7
$ 180.7Net cash provided by operating activities$ 56.2
$ 74.7
$ 64.4
$ 76.4Free cash flow$ 44.6
$ 63.2
$ 16.3
$ 25.9The year-over-year increase in fourth quarter sales was primarily attributable to favorable foreign exchange, partially offset by unfavorable volume and mix.The year-over-year change in fourth quarter net income was primarily due to a year-end true-up of compensation related accruals, higher restructuring expense, manufacturing inefficiencies stemming from a customer supply chain and production disruption, and higher wages and general inflation. These negative factors were partially offset by purchasing lean initiatives and favorable volume and mix.The year-over-year change in fourth quarter adjusted EBITDA was primarily due to a year-end true-up of compensation related accruals, manufacturing inefficiencies stemming from a customer supply chain and production disruption, and higher wages and general inflation. These negative factors were partially offset by purchasing lean initiatives and favorable volume and mix.For the full year 2025, the increase in sales was primarily due to favorable foreign exchange, partially offset by unfavorable volume and mix, and price adjustments. The year-over-year improvement in full year net loss was primarily driven by savings generated from lean manufacturing and purchasing initiatives, restructuring savings, the non-recurrence of pension settlement expense, and favorable foreign exchange. These positive factors were partially offset by higher wages and general inflation, unfavorable volume and mix, including price adjustments, and higher selling, administration and engineering (SGA&E) expense. The year-over-year improvement in full year adjusted EBITDA was primarily driven by savings generated from lean manufacturing and purchasing initiatives, restructuring savings, and favorable foreign exchange. These positive factors were partially offset by higher wages and general inflation, unfavorable volume and mix, including price adjustments, and higher SGA&E expense.Cash Flow and LiquidityCash provided by operating activities in the fourth quarter of 2025 was $56.2 million. Free cash flow (defined as net cash provided by operating activities minus capital expenditures) in the fourth quarter of 2025 was $44.6 million, a decrease of $18.7 million compared to the fourth quarter of 2024. The change was primarily driven by lower cash earnings in the period.For the full year 2025, cash provided by operating activities was $64.4 million and free cash flow was $16.3 million. This compared to cash provided by operating activities of $76.4 million and free cash flow of $25.9 million in 2024.As of December 31, 2025, Cooper Standard had cash and cash equivalents totaling $191.7 million. Total liquidity, including availability on the Company's undrawn revolving credit facility, was $352.6 million at year end. 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, execute planned strategic initiatives and service cash interest requirements on our debt 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 income (loss), adjusted EBITDA, adjusted net income (loss) 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.Automotive New Business AwardsThe Company continues to leverage its world-class engineering and manufacturing capabilities, its innovation technologies, and its reputation for quality and service to win new business awards with its customers and capitalize on positive trends associated with electric and hybrid vehicles. For the full year 2025, the Company received total net new business awards representing $297.9 million in incremental anticipated future annualized sales including $69.5 million of new awards received in the fourth quarter. For the year, 74 percent of the total net new business awards were related to battery electric and full-hybrid vehicle programs and 51 percent of the total net new business awards were with Chinese OEM customers.Segment Results of Operations
Sales
Three Months Ended December 31,
Variance Due To:
2025
2024
Change
Volume / Mix*
Foreign Exchange
(dollar amounts in thousands)Sales to external customers
Sealing Systems$ 357,831
$ 350,444
$ 7,387
$ (4,524)
$ 11,911Fluid Handling Systems297,116
294,841
2,275
(734)
3,009* Net of customer price adjustments, including recoveries.Adjusted EBITDA
Three Months Ended December 31,
Variance Due To:
2025
2024
Change
Volume/
Mix*
Foreign Exchange
Cost
(Increases)/
Decreases**
(dollar amounts in thousands)Segment adjusted EBITDA
Sealing Systems$ 32,098
$ 40,214
$ (8,116)
$ 2,565
$ 1,538
$ (12,219)Fluid Handling Systems15,077
27,333
(12,256)
1,696
634
(14,586)* Net of customer price adjustments, including recoveries.** Net of savings from restructuring initiatives.OutlookThe 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 production volumes in recent periods, the Company believes that the underlying demand for new light vehicle production in its key operating regions remains resilient, 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.Following strong actual results in 2025, and considering recent industry forecasts for global light vehicle production, the Company expects to deliver further profitable growth and margin enhancement in 2026. Reflecting this expectation, the Company is issuing initial guidance for 2026 as follows:
2025 Actual ResultsInitial 2026 Guidance1Sales $2.74 billion$2.7 - $2.9 billionAdjusted EBITDA2 $209.7 million$260 - $300 millionCapital Expenditures $48.2 million$55 - $65 millionCash Restructuring $26.4 million$25 - $30 millionNet Cash Interest $109.6 million$105 - $115 millionNet Cash Taxes $9.0 million$30 - $35 million Key Light Vehicle Productions Assumptions (Units)
North America15.3 million15.0 million Europe17.0 million16.9 million Greater China33.1 million32.7 million South America3.0 million3.2 million
1 Guidance is representative of management's estimates and expectations as of the date it is published. Current guidance as presented in this press release considers January 2026 S&P Global (IHS Markit) production forecasts for relevant light vehicle platforms and models, customers' planned production schedules 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 DetailsCooper Standard management will host a conference call and webcast on February 13, 2026 at 9 a.m. ET to discuss its fourth quarter and full year 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 (https://ir.cooperstandard.com) shortly after the live event.About Cooper StandardCooper 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 StatementsThis 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 HendriksenChris AndrewsCooper StandardCooper Standard(248) 596-6465(248) 596-6217roger.hendriksen@cooperstandard.comcandrews@cooperstandard.comFinancial statements and related notes follow: COOPER-STANDARD HOLDINGS INC.CONSOLIDATED STATEMENTS OF OPERATIONS(Dollar amounts in thousands except share and per share amounts)
Quarter Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
(Unaudited)
(Unaudited)
(Unaudited)
Sales$ 672,371
$ 660,753
$ 2,740,915
$ 2,730,893Cost of products sold602,217
578,733
2,413,391
2,427,978Gross profit70,154
82,020
327,524
302,915Selling, administration & engineering expenses56,569
50,081
214,366
207,553Gain on sale of businesses, net(98)
(1,971)
(98)
(1,971)Gain on sale of buildings and land, net—
(3,317)
—
(3,317)Amortization of intangibles1,236
1,618
6,304
6,512Restructuring charges11,483
3,171
19,981
23,601Impairment charges369
713
369
713Operating income595
31,725
86,602
69,824Interest expense, net of interest income(28,731)
(28,598)
(114,676)
(115,639)Equity in earnings of affiliates886
1,998
5,620
6,828Pension settlement and curtailment (charges) credit(134)
18
(134)
(44,553)Other expense, net(3,291)
(3,309)
(931)
(17,938)(Loss) income before income taxes(30,675)
1,834
(23,519)
(101,478)Income tax benefit(33,853)
(38,420)
(19,205)
(23,348)Net income (loss)3,178
40,254
(4,314)
(78,130)Net loss (income) attributable to noncontrolling interests150
(40)
149
(616)Net income (loss) attributable to Cooper-Standard Holdings Inc.$ 3,328
$ 40,214
$ (4,165)
$ (78,746)
Weighted average shares outstanding:
Basic17,926,252
17,616,787
17,862,433
17,564,012 Diluted18,735,303
17,992,409
17,862,433
17,564,012
Net income (loss) per share:
Basic$ 0.19
$ 2.28
$ (0.23)
$ (4.48) Diluted$ 0.18
$ 2.24
$ (0.23)
$ (4.48) COOPER-STANDARD HOLDINGS INC.CONSOLIDATED BALANCE SHEETS(Dollar amounts in thousands except share amounts)
December 31,
2025
2024
(Unaudited)
Assets
Current assets:
Cash and cash equivalents$ 191,699
$ 170,035Accounts receivable, net334,267
310,738Tooling receivable, net72,316
69,204Inventories154,189
142,401Prepaid expenses23,940
25,833Income tax receivable and refundable credits11,499
11,576Value added tax receivable47,329
45,120Other current assets45,861
30,349Total current assets881,100
805,256Property, plant and equipment, net523,508
539,201Operating lease right-of-use assets, net83,474
87,292Goodwill140,696
140,443Intangible assets, net28,978
33,805Deferred tax assets103,112
63,240Other assets72,306
63,828Total assets$ 1,833,174
$ 1,733,065
Liabilities and Equity
Current liabilities:
Debt payable within one year$ 86,121
$ 42,428Accounts payable337,319
295,178Payroll liabilities122,395
103,701Accrued liabilities114,150
116,617Current operating lease liabilities18,412
18,859Total current liabilities678,397
576,783Long-term debt1,018,483
1,057,839Pension benefits91,336
89,253Postretirement benefits other than pensions26,461
26,336Long-term operating lease liabilities69,806
71,907Deferred tax liabilities3,475
3,801Other liabilities36,793
40,516Total liabilities1,924,751
1,866,435Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issuedand outstanding—
—Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized; 19,702,818shares issued and 17,637,009 outstanding as of December 31, 2025, and19,392,340 shares issued and 17,326,531 outstanding as of December 31, 202417
17Additional paid-in capital524,312
518,208Retained deficit(474,727)
(470,562)Accumulated other comprehensive loss(133,090)
(173,432)Total Cooper-Standard Holdings Inc. equity(83,488)
(125,769)Noncontrolling interests(8,089)
(7,601)Total equity(91,577)
(133,370)Total liabilities and equity$ 1,833,174
$ 1,733,065 COOPER-STANDARD HOLDINGS INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Dollar amounts in thousands)
Year Ended December 31,
2025
2024
2023
(Unaudited)
Operating activities:
Net loss$ (4,314)
$ (78,130)
$ (203,316)Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation91,671
97,053
103,127Amortization of intangibles6,304
6,512
6,804Gain on sale of businesses, net(98)
(1,971)
(586)Gain on sale of buildings and land, net—
(3,317)
—Impairment charges369
713
4,768Pension settlement and curtailment charges134
44,553
16,035Share-based compensation expense15,248
9,161
7,718Equity in earnings of affiliates, net of dividends related to earnings(746)
(3,246)
(982)Loss on refinancing and extinguishment of debt—
—
81,885Payment-in-kind interest—
12,367
58,808Deferred income taxes(35,120)
(45,466)
(5,813)Other5,027
5,291
4,838Changes in operating assets and liabilities:
Accounts and tooling receivable(12,180)
67,761
(12,333)Inventories(4,362)
(3,125)
6,412Prepaid expenses2,813
1,119
2,924Income tax receivable and refundable credits622
(836)
2,603Accounts payable21,616
(18,440)
6,743Payroll and accrued liabilities1,266
(19,968)
16,924Other(23,808)
6,338
20,718Net cash provided by operating activities64,442
76,369
117,277Investing activities:
Capital expenditures(48,192)
(50,498)
(80,743)Proceeds from sale of businesses, net of cash divested2,558
763
15,351Proceeds from sale of fixed assets—
4,328
—Other—
287
424Net cash used in investing activities(45,634)
(45,120)
(64,968)Financing activities:
Proceeds from issuance of long-term debt, net of debt issuance costs—
—
924,299Repayment and refinancing of long-term debt—
—
(927,046)Principal payments on long-term debt(2,262)
(2,464)
(2,127)Increase (decrease) in short-term debt, net22
(7,288)
(1,234)Debt issuance costs and other fees—
(1,936)
(74,376)Taxes withheld and paid on employees' share-based payment awards(1,728)
(612)
(214)Contribution from noncontrolling interests and other—
38
(439)Proceeds from other financing activities—
2,617
—Net cash used in financing activities(3,968)
(9,645)
(81,137)Effects of exchange rate changes on cash, cash equivalents and restricted cash6,345
(5,968)
(918)Changes in cash, cash equivalents and restricted cash21,185
15,636
(29,746)Cash, cash equivalents and restricted cash at beginning of period178,697
163,061
192,807Cash, cash equivalents and restricted cash at end of period$ 199,882
$ 178,697
$ 163,061
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets:
Cash and cash equivalents$ 191,699
$ 170,035
$ 154,801Restricted cash included in other current assets6,581
7,590
7,244Restricted cash included in other assets1,602
1,072
1,016Total cash, cash equivalents and restricted cash$ 199,882
$ 178,697
$ 163,061Supplemental disclosure:
Cash paid for interest$ 113,869
$ 101,514
$ 78,699Cash paid for income taxes, net of refunds9,047
19,085
10,301Non-GAAP Financial MeasuresEBITDA, 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 MeasuresEBITDA and Adjusted EBITDA
(Dollar amounts in thousands)
The following table provides a reconciliation of EBITDA and adjusted EBITDA from net income (loss) (unaudited):
Quarter Ended December 31,
Year Ended December 31,
2025
2024
2025
2024Net income (loss) attributable to Cooper-Standard Holdings Inc.$ 3,328
$ 40,214
$ (4,165)
$ (78,746)Income tax benefit(33,853)
(38,420)
(19,205)
(23,348)Interest expense, net of interest income28,731
28,598
114,676
115,639Depreciation and amortization24,743
25,313
97,975
103,565EBITDA$ 22,949
$ 55,705
$ 189,281
$ 117,110Restructuring charges 11,483
3,171
19,981
23,601Impairment charges (1)369
713
369
713Gain on sale of businesses, net (2)—
(1,971)
(98)
(1,971)Gain on sale of buildings and land, net (3)—
(3,317)
—
(3,317)Pension settlement and curtailment charges (credit) (4)134
(18)
134
44,553 Adjusted EBITDA$ 34,935
$ 54,283
$ 209,667
$ 180,689
Sales$ 672,371
$ 660,753
$ 2,740,915
$ 2,730,893Net income (loss) margin0.5 %
6.1 %
(0.2) %
(2.9) %Adjusted EBITDA margin5.2 %
8.2 %
7.6 %
6.6 %
(1)Non-cash impairment charges in 2025 and 2024 related to idle assets in certain locations in Asia Pacific.(2)Gain on sale of businesses related to divestiture in 2024. Gain recognized in 2025 related to final purchase price adjustments associated with the divestiture in 2024.(3)Gain on sale of building and land related to a Canadian facility.(4)Non-cash net pension settlement and curtailment charges (credit) and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. Adjusted Net Loss and Adjusted Net Loss Per Share
(Dollar amounts in thousands except share and per share amounts)
The following table provides a reconciliation of net income (loss) to adjusted net loss and the respective net income (loss) per share amounts (unaudited):
Quarter Ended December 31,
Year Ended December 31,
2025
2024
2025
2024Net income (loss) attributable to Cooper-Standard Holdings Inc.$ 3,328
$ 40,214
$ (4,165)
$ (78,746)Restructuring charges11,483
3,171
19,981
23,601Impairment charges (1)369
713
369
713Gain on sale of businesses, net (2)—
(1,971)
(98)
(1,971)Gain on sale of buildings and land, net (3)—
(3,317)
—
(3,317)Pension settlement and curtailment charges (credit) (4)134
(18)
134
44,553Deferred tax valuation allowance reversal (5)(45,435)
(41,507)
(45,435)
(41,507)Tax impact of adjusting items (6)(846)
(137)
(1,659)
(69)Adjusted net loss$ (30,967)
$ (2,852)
$ (30,873)
$ (56,743)
Weighted average shares outstanding:
Basic17,926,252
17,616,787
17,862,433
17,564,012Diluted18,735,303
17,992,409
17,862,433
17,564,012
Net income (loss) per share:
Basic$ 0.19
$ 2.28
$ (0.23)
$ (4.48)Diluted$ 0.18
$ 2.24
$ (0.23)
$ (4.48)
Adjusted net loss per share:
Basic$ (1.73)
$ (0.16)
$ (1.73)
$ (3.23)Diluted$ (1.73)
$ (0.16)
$ (1.73)
$ (3.23)
(1)Non-cash impairment charges in 2025 and 2024 related to idle assets in certain locations in Asia Pacific.(2)Gain on sale of businesses related to divestiture in 2024. Gain recognized in 2025 related to final purchase price adjustments associated with the divestiture in 2024.(3)Gain on sale of building and land related to a Canadian facility.(4)Non-cash net pension settlement and curtailment charges (credit) and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans.(5)The deferred tax valuation allowance reversal in 2025 related to net deferred tax assets in France, Spain, and Korea. The deferred tax valuation allowance reversal in 2024 related to net deferred tax assets in Brazil, Poland, and China.(6)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
(Dollar amounts in thousands)
The following table defines free cash flow (unaudited):
Quarter Ended December 31,
Year Ended December 31,
2025
2024
2025
2024Net cash provided by operating activities$ 56,245
$ 74,722
$ 64,442
$ 76,369Capital expenditures(11,686)
(11,484)
(48,192)
(50,498)Free cash flow$ 44,559
$ 63,238
$ 16,250
$ 25,871
View original content to download multimedia:https://www.prnewswire.com/news-releases/cooper-standard-reports-strong-fourth-quarter-cash-flow-despite-industry-disruption-continued-margin-expansion-and-positive-cash-flow-highlight-full-year-2025-results-302686887.htmlSOURCE Cooper Standard
Original: Cooper Standard Reports Strong Fourth Quarter Cash Flow Despite Industry Disruption; Continued Margin Expansion and Positive Cash Flow Highlight Full Year 2025 Results