Cooper-Standard Holdings Reports Third Quarter Earnings Miss on EPS and Revenue
Cooper-Standard Holdings Inc. (CPS) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of -$0.11, missing estimates by $1.29, while revenue reached $708.6 million, missing projections by $6.13 million despite a 1.9% year-over-year increase. Despite the misses, the company reported adjusted EBITDA of $52.8 million, representing a 7.5% margin on sales. Cooper-Standard also secured $148.8 million in net new business awards during the quarter and maintained its full-year adjusted EBITDA midpoint guidance, targeting over $400 million in total net new awards for 2026.
Tickers: $CPS
Topics: earnings miss EBITDA net new business awards revenue miss