Highlights

  • Third quarter sales rose to USD 708.6 million from USD 695.5 million.
  • The net loss was USD 20.9 million, or USD 1.13 per share.
  • Operating income was USD 10.4 million against USD 26.5 million.
  • New net Business awards reached USD 395 million for the first nine months.

Cooper-Standard Holdings Inc. (NYSE:CPS) shares were trading near their 52-week low at USD 17.98 on November 6, 2026, up 0.73% on the day. The company reported third quarter sales of USD 708.6 million against USD 695.5 million, and a net loss of USD 20.9 million against USD 7.6 million.

Cooper-Standard has a market Capitalization of about USD 319.49 million at the current price. It designs, manufactures and sells sealing systems and fluid handling systems for passenger vehicles and light trucks, and had 17,771,463 shares outstanding as of October 29, 2026.

Third Quarter Results

Gross profit was USD 77.8 million against USD 87.1 million, a decrease of USD 9.4 million tied to unfavorable Volume and mix, net of recoveries, and unfavorable foreign exchange. Operating Income was USD 10.4 million against USD 26.5 million. Restructuring charges increased USD 15.7 million, mainly on higher employee related costs. Loss per share was USD 1.13 against USD 0.43.

Nine Month Results

Sales were USD 2,116.3 million against USD 2,068.5 million, an increase of 2.3% largely from favorable foreign exchange. Gross Profit was USD 244.0 million against USD 257.4 million, and operating income was USD 47.3 million against USD 86.0 million. The net loss was USD 73.1 million against USD 7.5 million, or USD 4.02 per share against USD 0.42. Net cash used in Operating Activities was USD 33.8 million against net cash provided of USD 8.2 million.

Management Commentary

Management said 99% of customer scorecards were green in the quarter and that new net business awards of USD 395 million in the first nine months essentially met the full year 2026 goal of USD 400 million. It said third quarter launches were up 100% from the prior year. Cost savings from Manufacturing and Supply chain lean initiatives are now expected to be approximately USD 80 million for the full year, about USD 10 million below the original plan. Management cited selling, general and administrative reductions of USD 4 million and USD 5 million in savings from past restructuring initiatives. It noted that North American production is down about 2% for the fourth quarter.

Balance Sheet

Cash and cash equivalents were USD 112.3 million against USD 191.7 million at the end of 2025. Total Assets were USD 1,900.8 million and total liabilities were USD 2,066.1 million, leaving total Equity of negative USD 165.3 million. Net cash used in investing activities was USD 53.8 million, and net cash provided by financing activities was USD 8.3 million.