Cooper-standard Holdings Stock Earnings Reports

Cooper-Standard reported solid operational performance in Q1 2026 with continued strong customer scorecards (99% green for quality and service) and best-in-class safety (0.18 total incident rate; 84% of plants with zero incidents). Sales were $686.4M, up 2.9% year-over-year largely from favorable FX, while gross margin improved 40 basis points to 12% driven by $17M of lean and purchasing savings. Adjusted EBITDA was $51M (down vs. prior year largely due to $10M of non‑recurring royalty payments in 2025). On a GAAP basis the company reported a net loss of $33.3M; adjusted net loss was $5.2M ($0.29/sh). New business awards totaled $128M in Q1 (about 60% Fluid / 40% Sealing), putting the company on track to exceed its >$400M net new business target for 2026; many awards are higher-margin innovation products and a large portion is China and North America based. Liquidity remains strong with $118M cash and $167M undrawn ABL for total liquidity of ~$286M. A March refinancing lowered cash interest by ~$6M annually, extended maturities to 2031, and improved terms. Management reiterated confidence in expanding margins and returns on invested capital over the next several years, while noting near-term headwinds from oil and commodity price moves (with indexed pass-throughs and quarterly recovery mechanics built into customer contracts) and macro/geopolitical uncertainty. Guidance will be updated with Q2 results.