Earnings ·
Reports Q3 net loss of $20.4M and cuts full-year adjusted EBITDA guidance to $235-$245M
CPSCooper-Standard Holdings Inc.
Cooper-Standard Holdings Inc. reported a third-quarter 2026 net loss of $20.4 million, or $(1.13) per diluted share, compared to a $7.6 million loss in the prior-year period. Sales increased 1.9% year-over-year to $708.6 million, driven by favorable volume and mix despite global light vehicle production volumes declining 2.3%. The quarter included $19.2 million in restructuring charges. Adjusted EBITDA was $52.8 million, or 7.5% of sales. The company also revised its full-year 2026 adjusted EBITDA guidance downward to a range of $235-$245 million from the previous estimate of $265-$295 million, citing higher-than-expected commodity costs and inflationary pressures. Cooper Standard is a leading global supplier of sealing and fluid handling systems for the automotive industry.