Cooper-Standard Reports Q3 2026 Results with Net Loss Amid Restructuring Charges
Cooper-Standard (CPS) reported third-quarter 2026 sales of $708.6 million, a 1.9% increase year-over-year driven by favorable product mix and price adjustments, despite a decline in global production volumes. The company recorded a net loss of $20.4 million, largely due to $19.2 million in restructuring charges, though adjusted net loss improved to $0.11 per diluted share compared to the previous year. While the company secured $148.8 million in new business awards during the quarter—including significant progress in electric and hybrid vehicle platforms—macroeconomic headwinds persist. Higher material inflation driven by oil prices above planning assumptions, alongside increased wages, impacted margins. Consequently, Cooper-Standard lowered its full-year 2026 Adjusted EBITDA guidance to a range of $235 million to $245 million from the previous estimate of $265 million to $295 million.
Tickers: $CPS
Topics: business awards earnings report net loss restructuring charges revenue growth