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    Cooper Standard Reports Robust Operating Performance and Significant Margin Improvement in the First Quarter of 2025

    5/1/25 4:30:00 PM ET
    $CPS
    Auto Parts:O.E.M.
    Consumer Discretionary
    Get the next $CPS alert in real time by email

    NORTHVILLE, Mich., May 1, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE:CPS) today reported results for the first quarter 2025.

    Cooper Standard (PRNewsfoto/Cooper Standard)

    First Quarter 2025 Highlights

    • Gross profit of $77.2 million, an increase of 25.2% vs. the first quarter of 2024
    • Operating income of $22.3 million, an increase of 539.2% vs. the first quarter of 2024
    • Net income of $1.6 million, or $0.09 per diluted share, an increase of $33.2 million vs. the first quarter of 2024
    • Adjusted net income of $3.5 million, or $0.19 per diluted share, an increase of $34.1 million vs. the first quarter of 2024
    • Adjusted EBITDA of $58.7 million, or 8.8% of sales, an increase of $29.4 million vs. the first quarter of 2024

    "Our operating performance in the first quarter was outstanding," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "Our global team is successfully executing our strategy to deliver increasing value to all our stakeholders through improved operating efficiencies, driving innovation, and delivering world-class quality and service. Despite current market turbulence, we are confident that we can continue to improve our business and our results as we execute our plans and remain focused on the aspects of our business that are within our control."

    Consolidated Results



    Three Months Ended March 31,



    2025



    2024



    (Dollar amounts in millions except per share amounts)

    Sales

    $                                     667.1



    $                                     676.4

    Net income (loss)

    $                                         1.6



    $                                      (31.7)

    Adjusted net income (loss)

    $                                         3.5



    $                                      (30.6)

    Income (loss) per diluted share

    $                                       0.09



    $                                      (1.81)

    Adjusted income (loss) per diluted share

    $                                       0.19



    $                                      (1.75)

    Adjusted EBITDA

    $                                       58.7



    $                                       29.3

    Sales declined by 1.4% in the first quarter due primarily to foreign exchange headwinds, partially offset by positive volume and mix, including net customer price adjustments.

    Net income for the first quarter 2025 was $1.6 million, including restructuring charges of $2.1 million and other special items. Net loss for the first quarter 2024 was $31.7 million, including restructuring charges of $1.1 million and other special items. Excluding these special items and their related tax impact, adjusted net income was $3.5 million in the first quarter 2025 compared to adjusted net loss of $30.6 million in the first quarter of 2024, or an increase of $34.1 million. The year-over-year improvement was primarily driven by increased manufacturing and purchasing efficiency, the timing of certain royalty payments, and lower SGA&E expense, partially offset by ongoing general inflation.

    Adjusted EBITDA for the first quarter of 2025 was $58.7 million compared to $29.3 million in the first quarter of 2024. The year-over-year change was primarily due to increased manufacturing and purchasing efficiency, the timing of certain royalty payments, and lower SGA&E expense, partially offset by ongoing general inflation.

    Adjusted net income (loss), adjusted EBITDA and adjusted income (loss) 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.

    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 trends associated with hybrid and battery electric vehicles. During the first quarter of 2025, the Company received net new business awards totaling $55.0 million in anticipated future annualized sales, primarily related to awards on battery electric vehicle and hybrid vehicle platforms.

    Segment Results of Operations

    Sales



    Three Months Ended March 31,





    Variance Due To:



    2025



    2024



    Change





    Volume/

    Mix*



    Foreign

    Exchange



    (Dollar amounts in thousands)

    Sales to external customers





















    Sealing systems

    $      344,311



    $      351,279



    $       (6,968)





    $          3,767



    $      (10,735)

    Fluid handling systems

    303,998



    305,515



    (1,517)





    2,840



    (4,357)

    Total for reportable segments

    $      648,309



    $      656,794



    $       (8,485)





    $          6,607



    $      (15,092)

    Corporate, eliminations and other

    18,760



    19,631



    (871)





    (871)



    —

    Consolidated

    $      667,069



    $      676,425



    $       (9,356)





    $          5,736



    $      (15,092)



    * Net of customer price adjustments, including recoveries.

    Adjusted EBITDA



    Three Months Ended March 31,





    Variance Due To:



    2025



    2024



    Change





    Volume/

    Mix*



    Foreign

    Exchange



    Cost

    Decreases/

    (Increases)**



    (Dollar amounts in thousands)

    Segment adjusted EBITDA

























    Sealing systems

    $     32,312



    $     21,371



    $     10,941





    $        (332)



    $     (2,146)



    $          13,419

    Fluid handling systems

    20,982



    10,982



    10,000





    837



    6,715



    2,448

    Total for reportable segments

    $     53,294



    $     32,353



    $     20,941





    $          505



    $       4,569



    $          15,867

    Corporate, eliminations and other

    5,421



    (3,005)



    8,426





    (314)



    (2,476)



    11,353

    Consolidated

    $     58,715



    $     29,348



    $     29,367





    $          191



    $       2,093



    $          27,220



    * 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.

    Cash and Liquidity

    As of March 31, 2025, Cooper Standard had cash and cash equivalents totaling $140.4 million. Total liquidity, including availability under the Company's amended senior asset-based revolving credit facility, was $300.1 million at the end of the first 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.

    Outlook

    Our industry and, indeed, the global economy is facing unprecedented uncertainty due to changing trade and tariff policies being implemented or considered by the governments of the United States and other nations. Despite this trade-related uncertainty, 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 believes it is well-positioned to manage through tariffs that may be imposed on the products it ships across borders, primarily in North America, but acknowledges that overall light vehicle production volumes may be impacted by changing trade policies. While the uncertainty related to trade and tariff policies make forecasting difficult in the near term, the Company remains confident that the continuing successful execution of its plans and strategies will drive increasing profit margins and returns on invested capital over time as markets stabilize.

    Conference Call Details

    Cooper Standard management will host a conference call and webcast on May 2, 2025 at 9 a.m. ET to discuss its first 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 (https://ir.cooperstandard.com) 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; 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; disruption in our 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

    [email protected]

    [email protected]

    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 March 31,



    2025



    2024

    Sales

    $                      667,069



    $                      676,425

    Cost of products sold

    589,891



    614,782

    Gross profit

    77,178



    61,643

    Selling, administration & engineering expenses

    51,191



    55,366

    Amortization of intangibles

    1,612



    1,661

    Restructuring charges

    2,111



    1,133

    Operating income

    22,264



    3,483

    Interest expense, net of interest income

    (28,619)



    (29,281)

    Equity in earnings of affiliates

    1,776



    2,270

    Other income (expense), net

    8,884



    (3,649)

    Income (loss) before income taxes

    4,305



    (27,177)

    Income tax expense

    2,703



    4,131

    Net income (loss)

    1,602



    (31,308)

    Net income attributable to noncontrolling interests

    (50)



    (352)

    Net income (loss) attributable to Cooper-Standard Holdings Inc.

    $                          1,552



    $                      (31,660)









    Weighted average shares outstanding:







    Basic

    17,712,568



    17,462,136

    Diluted

    17,911,855



    17,462,136









    Income (loss) per share:







    Basic

    $                            0.09



    $                          (1.81)

    Diluted

    $                            0.09



    $                          (1.81)

     

    COOPER-STANDARD HOLDINGS INC.

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (Dollar amounts in thousands except share amounts)











    March 31, 2025



    December 31, 2024



     (unaudited)





    Assets







    Current assets:







    Cash and cash equivalents

    $                      140,368



    $                      170,035

    Accounts receivable, net

    357,489



    310,738

    Tooling receivable, net

    71,603



    69,204

    Inventories

    172,957



    142,401

    Prepaid expenses

    25,189



    25,833

    Value added tax receivable

    55,772



    45,120

    Other current assets

    55,867



    41,925

    Total current assets

    879,245



    805,256

    Property, plant and equipment, net

    531,991



    539,201

    Operating lease right-of-use assets, net

    87,721



    87,292

    Goodwill

    140,445



    140,443

    Intangible assets, net

    33,374



    33,805

    Other assets

    127,306



    127,068

    Total assets

    $                  1,800,082



    $                  1,733,065









    Liabilities and Equity







    Current liabilities:







    Debt payable within one year

    $                        42,501



    $                        42,428

    Accounts payable

    348,475



    295,178

    Payroll liabilities

    95,844



    103,701

    Accrued interest

    32,077



    5,115

    Accrued liabilities

    99,043



    111,502

    Current operating lease liabilities

    19,173



    18,859

    Total current liabilities

    637,113



    576,783

    Long-term debt

    1,058,460



    1,057,839

    Pension benefits

    92,494



    89,253

    Postretirement benefits other than pensions

    26,015



    26,336

    Long-term operating lease liabilities

    71,740



    71,907

    Other liabilities

    36,562



    44,317

    Total liabilities

    1,922,384



    1,866,435

    Equity:







    Common stock, $0.001 par value, 190,000,000 shares authorized;

    19,613,956 shares issued and 17,548,147 shares outstanding as of

    March 31, 2025, and 19,392,340 shares issued and 17,326,531

    shares outstanding as of December 31, 2024

    17



    17

    Additional paid-in capital

    518,088



    518,208

    Retained deficit

    (469,010)



    (470,562)

    Accumulated other comprehensive loss

    (163,803)



    (173,432)

    Total Cooper-Standard Holdings Inc. equity

    (114,708)



    (125,769)

    Noncontrolling interests

    (7,594)



    (7,601)

    Total equity

    (122,302)



    (133,370)

    Total liabilities and equity

    $                  1,800,082



    $                  1,733,065

     

    COOPER-STANDARD HOLDINGS INC.

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (Unaudited)

    (Dollar amounts in thousands) 











    Three Months Ended March 31,



    2025



    2024

    Operating activities:







    Net income (loss)

    $                  1,602



    $                   (31,308)

    Adjustments to reconcile net income (loss) to net cash used in operating activities:





    Depreciation

    22,216



    24,802

    Amortization of intangibles

    1,612



    1,661

    Share-based compensation expense

    2,199



    2,700

    Equity in losses (earnings) of affiliates, net of dividends related to earnings

    193



    (693)

    Payment-in-kind interest

    —



    6,787

    Deferred income taxes

    3,929



    (317)

    Other

    1,257



    1,233

    Changes in operating assets and liabilities

    (47,859)



    (19,064)

    Net cash used in operating activities

    (14,851)



    (14,199)

    Investing activities:







    Capital expenditures

    (17,543)



    (16,834)

    Proceeds from sale of businesses

    2,377



    —

    Other

    12



    165

    Net cash used in investing activities

    (15,154)



    (16,669)

    Financing activities:







    Principal payments on long-term debt

    (763)



    (657)

    Taxes withheld and paid on employees' share-based payment awards

    (1,678)



    (549)

    Other

    (22)



    (5)

    Net cash used in financing activities

    (2,463)



    (1,211)

    Effects of exchange rate changes on cash, cash equivalents and restricted cash

    2,121



    (3,855)

    Changes in cash, cash equivalents and restricted cash

    (30,347)



    (35,934)

    Cash, cash equivalents and restricted cash at beginning of period

    178,697



    163,061

    Cash, cash equivalents and restricted cash at end of period

    $              148,350



    $                   127,127









    Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:



    Balance as of



    March 31, 2025



    December 31, 2024

    Cash and cash equivalents

    $              140,368



    $                   170,035

    Restricted cash included in other current assets

    7,048



    7,590

    Restricted cash included in other assets

    934



    1,072

    Total cash, cash equivalents and restricted cash

    $              148,350



    $                   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 income (loss):





    Three Months Ended March 31,



    2025



    2024

    Net income (loss) attributable to Cooper-Standard Holdings Inc.

    $                      1,552



    $                  (31,660)

    Income tax expense

    2,703



    4,131

    Interest expense, net of interest income

    28,619



    29,281

    Depreciation and amortization

    23,828



    26,463

    EBITDA

    $                    56,702



    $                    28,215

    Restructuring charges

    2,111



    1,133

    Gain on sale of businesses, net (1)

    (98)



    —

    Adjusted EBITDA

    $                    58,715



    $                    29,348









    Sales

    $                  667,069



    $                  676,425

    Net income (loss) margin

    0.2 %



    (4.7) %

    Adjusted EBITDA margin

    8.8 %



    4.3 %





    (1)

    Gain on sale of businesses related to divestiture in 2024.

     

    Adjusted Net Income (Loss) and Adjusted Income (Loss) Per Share

    (Unaudited)

    (Dollar amounts in thousands except per share and share amounts)



    The following table provides a reconciliation of net income (loss) to adjusted net income (loss) and the respective income (loss) per share amounts:





    Three Months Ended March 31,



    2025



    2024

    Net income (loss) attributable to Cooper-Standard Holdings Inc.

    $                          1,552



    $                      (31,660)

    Restructuring charges

    2,111



    1,133

    Gain on sale of businesses, net (1)

    (98)



    —

    Tax impact of adjusting items (2)

    (111)



    (75)

    Adjusted net income (loss)

    $                          3,454



    $                      (30,602)









    Weighted average shares outstanding:







    Basic

    17,712,568



    17,462,136

    Diluted

    17,911,855



    17,462,136









    Income (loss) per share:







    Basic

    $                            0.09



    $                          (1.81)

    Diluted

    $                            0.09



    $                          (1.81)









    Adjusted income (loss) per share:







    Basic

    $                            0.20



    $                          (1.75)

    Diluted

    $                            0.19



    $                          (1.75)





    (1)

    Gain on sale of businesses related to divestiture in 2024.

    (2)

    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,



















    2025



    2024

    Net cash used in operating activities

















    $                      (14,851)



    $                      (14,199)

    Capital expenditures

















    (17,543)



    (16,834)

    Free cash flow

















    $                      (32,394)



    $                      (31,033)

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cooper-standard-reports-robust-operating-performance-and-significant-margin-improvement-in-the-first-quarter-of-2025-302444490.html

    SOURCE Cooper Standard

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    • EVP and CFO Banas Jonathan P bought $45,000 worth of shares (3,000 units at $15.00), increasing direct ownership by 8% to 38,513 units (SEC Form 4)

      4 - Cooper-Standard Holdings Inc. (0001320461) (Issuer)

      2/25/25 3:56:28 PM ET
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    • Director Mastrocola David John bought $118,551 worth of shares (8,000 units at $14.82), increasing direct ownership by 99% to 16,115 units (SEC Form 4)

      4 - Cooper-Standard Holdings Inc. (0001320461) (Issuer)

      2/21/25 2:04:45 PM ET
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    • Director Boss John G. converted options into 7,693 shares, increasing direct ownership by 11% to 79,338 units (SEC Form 4)

      4 - Cooper-Standard Holdings Inc. (0001320461) (Issuer)

      5/19/25 4:04:45 PM ET
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    • Director Macouzet Flores Adriana E. covered exercise/tax liability with 330 shares and converted options into 7,693 shares, increasing direct ownership by 17% to 50,515 units (SEC Form 4)

      4 - Cooper-Standard Holdings Inc. (0001320461) (Issuer)

      5/19/25 4:04:25 PM ET
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    • SEC Form 4 filed by Director Remenar Robert J

      4 - Cooper-Standard Holdings Inc. (0001320461) (Issuer)

      5/19/25 4:04:33 PM ET
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    • SEC Form SC 13G/A filed by Cooper-Standard Holdings Inc. (Amendment)

      SC 13G/A - Cooper-Standard Holdings Inc. (0001320461) (Subject)

      2/14/24 2:00:52 PM ET
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    • SEC Form SC 13G filed by Cooper-Standard Holdings Inc.

      SC 13G - Cooper-Standard Holdings Inc. (0001320461) (Subject)

      2/13/24 5:02:40 PM ET
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    • SEC Form SC 13G/A filed by Cooper-Standard Holdings Inc. (Amendment)

      SC 13G/A - Cooper-Standard Holdings Inc. (0001320461) (Subject)

      2/9/24 2:18:22 PM ET
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    • Cooper Standard Reports Robust Operating Performance and Significant Margin Improvement in the First Quarter of 2025

      NORTHVILLE, Mich., May 1, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE:CPS) today reported results for the first quarter 2025. First Quarter 2025 Highlights Gross profit of $77.2 million, an increase of 25.2% vs. the first quarter of 2024Operating income of $22.3 million, an increase of 539.2% vs. the first quarter of 2024Net income of $1.6 million, or $0.09 per diluted share, an increase of $33.2 million vs. the first quarter of 2024Adjusted net income of $3.5 million, or $0.19 per diluted share, an increase of $34.1 million vs. the first quarter of 2024Adjusted E

      5/1/25 4:30:00 PM ET
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    • Cooper Standard to Discuss First Quarter 2025 Results; Provides Details for Management Conference Call

      NORTHVILLE, Mich., April 15, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE:CPS) expects to release its financial results for the first quarter 2025 on Thursday, May 1 after market close. The Company's earnings results will be posted to the Cooper Standard website (https://ir.cooperstandard.com/) once released. Cooper Standard will host a conference call on Friday, May 2 at 9 a.m. ET. The Company's Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan Banas will discuss the financial results, provide a general business update and r

      4/15/25 9:45:00 AM ET
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    • Improved Operating Income and Positive Cash Flow Highlight Cooper Standard's Fourth Quarter and Full Year 2024 Results

      NORTHVILLE, Mich., Feb. 13, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE:CPS) today reported results for the fourth quarter and full year 2024. Fourth Quarter 2024 Summary Sales totaled $660.8 million, a decrease of 1.9% vs. the fourth quarter 2023Operating income totaled $31.7 million, an increase of $36.2 million vs. the fourth quarter of 2023Net income of $40.2 million, or $2.24 per diluted share, reflected an improvement of $95.4 million vs. the fourth quarter of 2023Adjusted EBITDA totaled $54.3 million, or 8.2% of salesNet cash provided by operating activitie

      2/13/25 4:30:00 PM ET
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    • Citigroup initiated coverage on Cooper-Standard with a new price target

      Citigroup initiated coverage of Cooper-Standard with a rating of Neutral and set a new price target of $12.00

      4/23/25 9:15:28 AM ET
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    • Cooper-Standard downgraded by The Benchmark Company

      The Benchmark Company downgraded Cooper-Standard from Buy to Hold

      2/18/22 7:23:33 AM ET
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    • Cooper-Standard Holdings downgraded by Benchmark

      Benchmark downgraded Cooper-Standard Holdings from Buy to Hold

      2/18/22 7:02:11 AM ET
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    • SEC Form SD filed by Cooper-Standard Holdings Inc.

      SD - Cooper-Standard Holdings Inc. (0001320461) (Filer)

      5/29/25 3:15:51 PM ET
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    • Cooper-Standard Holdings Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - Cooper-Standard Holdings Inc. (0001320461) (Filer)

      5/15/25 4:46:11 PM ET
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    • SEC Form S-8 filed by Cooper-Standard Holdings Inc.

      S-8 - Cooper-Standard Holdings Inc. (0001320461) (Filer)

      5/15/25 12:13:15 PM ET
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    • Cooper Standard Establishes Carbon Neutral Targets in Updated Corporate Responsibility Report

      NORTHVILLE, Mich., May 14, 2025 /PRNewswire/ -- Cooper Standard (NYSE:CPS) today announced the release of its 2024 Corporate Responsibility Report, titled "Transformation: Change is Constant," underscoring the Company's continued commitment to ethical business practices, environmental stewardship, philanthropic outreach, and financial strength. Notably, the 2024 report announces the Company's commitment to develop near-term science-based targets that will pave the way toward the Company's aspiration to become carbon neutral by 2040 in Europe and 2050 globally. "In an industry

      5/14/25 8:30:00 AM ET
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    • Cooper Standard Reports Robust Operating Performance and Significant Margin Improvement in the First Quarter of 2025

      NORTHVILLE, Mich., May 1, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE:CPS) today reported results for the first quarter 2025. First Quarter 2025 Highlights Gross profit of $77.2 million, an increase of 25.2% vs. the first quarter of 2024Operating income of $22.3 million, an increase of 539.2% vs. the first quarter of 2024Net income of $1.6 million, or $0.09 per diluted share, an increase of $33.2 million vs. the first quarter of 2024Adjusted net income of $3.5 million, or $0.19 per diluted share, an increase of $34.1 million vs. the first quarter of 2024Adjusted E

      5/1/25 4:30:00 PM ET
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    • Cooper Standard Named to the USA TODAY America's Climate Leaders 2025 List

      NORTHVILLE, Mich., April 28, 2025 /PRNewswire/ -- Cooper Standard (NYSE:CPS) has been named to USA TODAY's list of America's Climate Leaders 2025. This prestigious award is presented by USA TODAY and Statista, the world-leading statistics portal and industry ranking provider. The award list was announced on April 22 and can be viewed on usatoday.com. "From improving energy efficiency to reducing emissions and waste, Cooper Standard is continuously advancing sustainable solutions through innovation and collaboration," said Jeffrey Edwards, chairman and CEO of Cooper Standard. "

      4/28/25 8:30:00 AM ET
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    • Cooper Standard Appoints Quinn to President, Industrial and Specialty Group

      NORTHVILLE, Mich., June 11, 2024 /PRNewswire/ -- Cooper Standard (NYSE:CPS) today announced the appointment of Shannon B. Quinn to president of the Industrial and Specialty Group (ISG). In this position, Quinn will work to progress the Company's diversification strategy to accelerate growth and maximize the value of Cooper Standard's products and technologies in industrial and specialty markets. She replaces Ramsey Changoo who is departing the Company to pursue other career opportunities. "Shannon's extensive experience in business development, strategy and engineering will be

      6/11/24 4:30:00 PM ET
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      Consumer Discretionary
    • Calumet Announces Additions to Board of Directors

      INDIANAPOLIS, Aug. 3, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) ("Calumet", "the Partnership", "we", "us", "our") announced today the appointment of Karen Twitchell and John (Jack) Boss to the Board of Directors effective August 2, 2022.  Concurrently, Calumet announced that Robert (Bob) Funk has elected to retire from the Board of Directors. "On behalf of everyone at Calumet, I'd like to thank Bob for his many years of service and significant contributions to the Partnership.  We'll particularly miss his operational expertise, wisdom and commitment to the success of Calumet," said Steve Mawer, Executive Chairman. "When Bob notified us of his intent to reti

      8/3/22 4:16:00 PM ET
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    • Solid Power Appoints Former Cooper-Standard Holdings SVP, Chief Transformation Officer and General Counsel, Aleksandra Miziolek to Board of Directors

      Miziolek strengthens Solid Power's board by adding extensive experience in the automotive industry and expertise in strategic growth initiatives, executive leadership and corporate governance LOUISVILLE, Colo., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Solid Power, Inc. ("Solid Power") (NASDAQ:SLDP), an industry-leading developer of all-solid-state battery cells for electric vehicles, today announced its board of directors appointed Aleksandra (Aleks) Miziolek to the board, effective February 10, 2022, bringing the total number of board members to nine. Ms. Miziolek brings to the Solid Power board more than 35 years of legal and executive experience, primarily in the automotive and transport

      2/14/22 8:00:00 AM ET
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