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NORTHVILLE, Mich., Oct. 30, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2025. Third Quarter 2025 Highlights Sales of $695.5 million, an increase of 1.5% vs. the third quarter of 2024Gross profit of $87.1 million, an increase of 14.2% vs. the third quarter of 2024Operating income of $26.5 million, an increase of 12.8% vs. the third quarter of 2024Net loss of $7.6 million, or $(0.43) per diluted share, an improvement of $3.4 million vs. the third quarter of 2024Adjusted net loss of $4.4 million, or $(0.24) per diluted share, an improvement of $7.6 million vs. the third quarter of 2024Adjusted EBITDA of $53.3 million, or 7.7% of sales, an increase of $7.1 million vs. the third quarter of 2024 "Our operating performance continues to be outstanding, delivering results for the first nine months of the year that exceeded our original plans," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "We expect our execution will enable us to successfully navigate further temporary customer production disruptions in the fourth quarter and continue to drive higher margins and improved shareholder value going forward." Consolidated Results Sales increased by 1.5% in the third quarter due primarily to favorable foreign exchange and favorable volume and mix, partially offset by certain customer price adjustments. Net loss for the third quarter of 2025 was $7.6 million, including restructuring charges of $3.5 million and other special items. Net loss for the third quarter of 2024 was $11.1 million, including restructuring charges of $1.5 million and other special items. Excluding these special items and their related tax impact, adjusted net loss was $4.4 million in the third quarter of 2025 compared to adjusted net loss of $12.0 million in the third quarter of 2024, or an improvement of $7.6 million year-over-year. The improvement was primarily driven by increased manufacturing and purchasing efficiency and favorable foreign exchange, partially offset by unfavorable volume, mix and price, higher selling, general administration and engineering (SGA&E) expense related to stock price appreciation adjustments for certain equity-based incentive compensation accruals, and ongoing general inflation. Adjusted EBITDA for the third quarter of 2025 was $53.3 million compared to $46.1 million in the third quarter of 2024. The year-over-year improvement was primarily driven by increased manufacturing and purchasing efficiency and favorable foreign exchange, partially offset by unfavorable volume, mix and price, higher SGA&E expense related to stock price appreciation adjustments for certain equity-based incentive compensation accruals, and ongoing general inflation. Cash Flow and Liquidity Cash provided by operating activities in the third quarter of 2025 was $38.6 million, an increase of $10.8 million compared to the third quarter of 2024. Free cash flow (defined as net cash provided by operating activities minus capital expenditures) in the third quarter of 2025 was $27.4 million, an increase of $10.5 million compared to the third quarter of 2024. The increase was driven primarily by improved operating earnings and positive net change in working capital. As of September 30, 2025, Cooper Standard had cash and cash equivalents totaling $147.6 million. Total liquidity, including availability under the Company's amended senior asset-based revolving credit facility, was $313.5 million at the end of the third quarter of 2025. Based on current expectations for light vehicle production and customer demand for our products, the Company believes it has sufficient financial resources to support ongoing operations and the execution of planned strategic initiatives for the foreseeable future. These financial resources include current cash on hand, continuing access to flexible credit facilities, and expected future positive cash generation. Adjusted net (loss) income, adjusted EBITDA, adjusted net (loss) income per diluted share, and free cash flow are non-GAAP measures. Reconciliations to the most directly comparable financial measures, calculated and presented in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"), are provided in the attached supplemental schedules. New Business Awards The Company continues to leverage its world-class engineering and manufacturing capabilities, its innovation programs and its reputation for quality and service to win new business awards with its OEM customers and capitalize on positive global trends associated with hybrid and battery electric vehicles. During the third quarter of 2025, the Company received net new business awards totaling $96.4 million in anticipated future annualized sales. Through the first nine months of 2025, the Company has received $228.5 million in net new business awards, primarily related to battery-electric and hybrid vehicle platforms. Segment Results of Operations Additional detail on our quarterly segment variance analyses is available in our periodic filings with the Securities and Exchange Commission. The Company believes it is well positioned to continue driving sustainable value through profitable growth and margin enhancement. While supply chain disruptions, changing trade and tariff policies, and affordability concerns have impacted near-term production forecasts, the Company believes that the underlying demand for new light vehicle production in its key operating regions remains strong, supported by the age of the existing fleet, increasing population, increasing numbers of newly licensed drivers, and declining vehicle inventories. The Company remains confident that the continuing successful execution of its plans and strategies, including expanding relationships with new customers and the continued launch of new, innovative programs with enhanced contribution margins, will drive increasing profit margins and returns on invested capital over time as markets stabilize. Following strong actual results in the first nine months of the year, the Company has adjusted its full year guidance to reflect approximately $25 million of expected lost profit related to temporary customer production cuts stemming from supply chain and other market disruptions in the fourth quarter. The revised guidance is as follows: Conference Call Details Cooper Standard management will host a conference call and webcast on October 31, 2025 at 9 a.m. ET to discuss its third quarter 2025 results, provide a general business update and respond to investor questions. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at https://ir.cooperstandard.com/events. To participate by phone, callers in the United States and Canada can dial toll-free at 800-836-8184 (international callers dial 646-357-8785) and ask to be connected to the Cooper Standard conference call. Representatives of the investment community will have the opportunity to ask questions during Q&A. Participants should dial-in at least five minutes prior to the start of the call. A replay of the webcast will be available on the investors' portion of the Cooper Standard website (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 statement
