The integrated temperature sensor provides precise, real-time monitoring of coolant system conditions to optimize performance and protection in any vehicle. Designed for seamless integration into fluid connectors and tubing, the sensor eliminates the need for separate in-line components, reducing complexity, weight and potential leak paths. Its compact, robust design supports accurate thermal control, improving efficiency and reliability across a wide range of vehicle applications. About the SPE Automotive ...

Group 1 - Cooper-Standard (CPS) reported disappointing Q3 earnings, with revenue and earnings falling below guidance [1] - Management has reduced the revenue and adjusted EBITDA guidance for 2025 due to production disruptions at Ford [1] Group 2 - The article reflects a long-term investment strategy focused on identifying companies with high potential for revenue and earnings growth [1] - The author emphasizes a preference for investing in less cyclical and higher growth sectors, with a geographical bias towards the United States [1]

Core Insights - The company continues to achieve profitable growth and margin expansion despite market headwinds, with $96 million in net new business awards in 2025, totaling nearly $229 million for the first nine months [1][20] - Safety performance is highlighted, with 60% of production facilities achieving a perfect safety score and a total incident rate of 0.28, significantly below the world-class benchmark [2][3] - Financial results for Q3 2025 show sales of $695.5 million, a 1.5% increase from 2024, and an adjusted EBITDA of $53.3 million, up 15.6% year-over-year [5][6] Financial Performance - Gross margin improved by 140 basis points to 12.5% of sales in Q3 2025, driven by cost optimization and revenue growth [5][6] - Adjusted net loss for Q3 2025 was $4.4 million, a significant improvement from a loss of $12 million in 2024 [7] - For the first nine months of 2025, adjusted EBITDA increased by over $48 million or more than 38% compared to the same period in 2024 [11][12] Operational Efficiency - The company achieved $18 million in savings through lean initiatives and cost-saving programs in Q3 2025 [2][9] - 97% of new program launches are performing well, with 99% of customer scorecards for quality and service rated green [3][4] - The company maintains a disciplined approach to capital expenditures, totaling $11.2 million or 1.6% of sales in 2025 [7][14] Strategic Outlook - The company is focused on expanding relationships with fast-growing Chinese OEMs, which presents significant growth opportunities [21][22] - 87% of new business awards are related to value-add innovations, particularly in battery electric and hybrid vehicle platforms [20][21] - Despite anticipated production volume headwinds in Q4 2025, the company expects to achieve positive free cash flow for the full year [14][24] Challenges and Adjustments - The company is facing temporary production disruptions due to supply chain issues, particularly affecting aluminum supply for a major customer [23][24] - Full-year guidance for sales and adjusted EBITDA has been revised downward to reflect these expected impacts [25][26] - The company remains optimistic about the underlying demand for new light vehicles and plans to maintain operational excellence [24][26]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Financial Performance - In the three months ended September 30, 2025, total sales increased by 1.5% to $695.5 million compared to $685.4 million in the same period of 2024[118]. - Gross profit for the three months ended September 30, 2025, rose by $10.8 million to $87.1 million, with a gross profit margin of 12.5%, up from 11.1% in 2024[122][119]. - For the nine months ended September 30, 2025, total sales were $2,068,544 thousand, a decrease of 0.1% compared to $2,070,140 thousand for the same period in 2024[128]. - Gross profit for the nine months ended September 30, 2025 increased by $36.5 million to $220,895 thousand, driven by manufacturing and purchasing savings[134]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $174.7 million, compared to $126.4 million for the same period in 2024, reflecting improved operating performance[168]. Cost Management - The cost of products sold decreased slightly by $0.7 million to $608.4 million, primarily due to manufacturing and purchasing savings, despite inflationary pressures[121]. - Selling, administration, and engineering expenses increased to $55.4 million, representing 8.0% of sales, up from 7.3% in the prior year, largely due to higher stock-based compensation[123]. - Restructuring charges for the three months ended September 30, 2025, increased by $2.0 million, primarily due to higher employee severance costs in the Sealing Systems segment[124]. - Restructuring charges for the nine months ended September 30, 2025 decreased by $11.9 million compared to the same period in 2024, due to a cost optimization restructuring plan[136]. Production and Market Trends - Light vehicle production in North America for the three months ended September 30, 2025, was 3.9 million units, a 4.7% increase from 3.8 million units in 2024[112]. - Global light vehicle production is projected to increase by approximately 2% in 2025 compared to 2024, driven by growth in China, South America, and South Asia[113]. - The company anticipates that production in North America and Europe will decline, offset by increases in other regions[113]. Cash Flow and Investments - Net cash provided by operations increased to $8.2 million for the nine months ended September 30, 2025, compared to $1.6 million for the same period in 2024, primarily due to higher net cash earnings year-over-year[157]. - Net cash used in investing activities decreased to $33.9 million for the nine months ended September 30, 2025, from $38.7 million in 2024, attributed to proceeds from divestiture and lower capital expenditures[158]. - Capital expenditures were $36.5 million for the nine months ended September 30, 2025, down from $39.0 million in 2024, with expectations of total capital expenditures between $45 million and $55 million in 2025[158]. - Net cash used in financing activities totaled $3.8 million for the nine months ended September 30, 2025, compared to $6.8 million in 2024, mainly due to a decrease in principal payments on outstanding debt[159]. Other Financial Metrics - Other income, net for the nine months ended September 30, 2025 increased by $17.0 million, primarily from royalty settlements and lower foreign currency losses[138]. - Income tax expense for the nine months ended September 30, 2025 was $14.6 million on earnings before income taxes of $7.2 million, compared to $15.1 million on losses before income taxes of $103.3 million in 2024[139]. - Sealing Systems sales for the nine months ended September 30, 2025 were $1,057,457 thousand, a decrease of $12,133 thousand from $1,069,590 thousand in 2024[147]. - Fluid Handling Systems sales for the nine months ended September 30, 2025 were $954,994 thousand, an increase of $12,998 thousand from $941,996 thousand in 2024[147]. - Segment adjusted EBITDA for Sealing Systems increased by $17.2 million to $103,510 thousand for the nine months ended September 30, 2025[150]. - Segment adjusted EBITDA for Fluid Handling Systems increased by $26.7 million to $77,008 thousand for the nine months ended September 30, 2025[150]. - Liveline Technologies, Inc. incurred a net loss of $1.4 million for the nine months ended September 30, 2025, an improvement from a net loss of $1.7 million in 2024[162]. Strategic Outlook - The company is actively pursuing pricing adjustments to mitigate inflationary cost pressures and has implemented lean and cost optimization initiatives[115]. - The economic outlook for the U.S. projects a growth rate of 2.0% in 2025, with consumer confidence remaining subdued due to high interest rates and inflation[107]. - The company expects to maintain disciplined capital spending and is actively managing liquidity in light of industry and economic factors[156]. - Forward-looking statements indicate potential risks including volatility in automotive sales and production volumes, and impacts from global economic conditions[171]. - As of September 30, 2025, approximately $98.7 million of repurchase authorization remained under the common stock repurchase program initiated in June 2018[160]. - The company has not made any repurchases under the stock repurchase program during the nine months ended September 30, 2025, or 2024[160].

Financial Data and Key Metrics Changes - Third quarter 2025 sales were $695.5 million, an increase of 1.5% compared to the third quarter of 2024, driven by positive foreign exchange and favorable volume and mix [8][9] - Adjusted EBITDA for the quarter was $53.3 million, an increase of more than 15.6% compared to $46 million in the third quarter of 2024 [9][10] - Gross margin improved by 140 basis points to 12.5% of sales compared to the prior year [8][9] - The net loss for the third quarter was $7.6 million, an improvement from a net loss of $11.1 million in the same period last year [9][10] Business Line Data and Key Metrics Changes - The company achieved $18 million in savings through lean initiatives and other cost-saving programs during the quarter [5][6] - Net new business awards totaled $96 million in the third quarter, bringing the total for the first nine months to nearly $229 million [6][8] Market Data and Key Metrics Changes - The company experienced favorable foreign exchange impacts of approximately $8 million in the third quarter [11] - Despite flat revenue over the first three quarters, gross profit margin increased by 170 basis points [10][13] Company Strategy and Development Direction - The company is focused on four key strategic imperatives aimed at driving profitable growth and improving returns on invested capital [17][18] - The strategy includes expanding relationships with fast-growing Chinese OEMs, which presents significant growth opportunities [20] Management's Comments on Operating Environment and Future Outlook - Management expects a significant impact in the fourth quarter due to aluminum supply chain disruptions affecting the largest customer, but remains optimistic about underlying demand for new light vehicles [22][23] - The company is maintaining a focus on operational excellence and delivering world-class quality and service [22][23] Other Important Information - The company ended the third quarter with a cash balance of approximately $148 million and total liquidity of approximately $314 million [15][16] - Capital expenditures in the third quarter totaled $11.2 million, consistent with the prior year [10] Q&A Session Summary Question: Impact of fourth-quarter disruptions on production - Management believes the disruptions are short-term and expects improved results in the first half of 2026 as production ramps up [28] Question: Cash flow considerations for the fourth quarter - The company anticipates strong working capital improvements and expects to generate over $30 million in free cash flow in Q4 despite a $55 million interest payment due [30][33] Question: Net new business wins and growth trajectory towards 2030 targets - Management indicated a linear growth path towards 2030, with faster ramp-up expected from Chinese OEM contracts [46] Question: Balance sheet leverage targets - Management remains on target to reduce leverage closer to 2 times by the end of 2027, supported by expected increases in overall volumes [49]

Financial Performance - Sales for the third quarter of 2025 were $695.5 million, compared to $685.4 million in the same period of 2024[10] - Gross profit for Q3 2025 was $87.1 million, with a margin of 12.5%, compared to $76.3 million and 11.1% margin in Q3 2024[10] - Adjusted EBITDA for Q3 2025 was $53.3 million, representing a 7.7% margin, compared to $46.1 million and 6.7% margin in Q3 2024[10] - Net loss for Q3 2025 was $7.6 million, compared to a net loss of $11.1 million in Q3 2024[10] - Free cash flow for Q3 2025 was $27.4 million, compared to $16.9 million in Q3 2024[18] Strategic Highlights - The company achieved $96 million in net new business awards in Q3 2025[8] - The company reported $228.5 million in net new business awards in the first nine months of 2025, with 87% related to innovation products and 83% related to battery electric or hybrid programs[31] Outlook - The company expects sales between $2.68 billion and $2.72 billion for the full year 2025[38] - The company expects adjusted EBITDA between $200 million and $210 million for the full year 2025[38]

Core Insights - U.S. stock futures showed a mostly positive trend, with Nasdaq futures increasing by over 1% on Friday [1] - Roku Inc experienced a significant decline in pre-market trading following its third-quarter earnings report [1] Company Performance - Roku reported third-quarter net revenue of $1.211 billion, reflecting a 14% year-over-year increase, surpassing the Street consensus estimate of $1.206 billion [2] - The platform revenue for Roku was $1.06 billion, up 17% year-over-year, while device revenue decreased by 5% to $146 million [2] - Roku shares fell by 5% to $94.99 in pre-market trading following the earnings report [2] Other Companies in Focus - SPS Commerce Inc saw a 32.1% drop in shares to $70.57 after mixed third-quarter results and lower fourth-quarter guidance [4] - Corbus Pharmaceuticals Holdings Inc's shares fell 16.4% to $13.74 due to a public offering announcement [4] - Onespan Inc's shares decreased by 16.1% to $13.02 after reporting disappointing third-quarter sales and lowering FY25 guidance [4] - Savers Value Village Inc's shares dipped 15% to $11.25 following worse-than-expected third-quarter sales and lowered FY25 GAAP EPS guidance [4] - GSI Technology, Inc. shares fell 14.1% to $9.50 after second-quarter results [4] - Newell Brands Inc's shares declined 13.1% to $4.10 due to downbeat third-quarter results and lowered FY25 guidance [4] - DexCom Inc's shares fell 12.1% to $59.97 after announcing third-quarter results [4] - Site Centers Corp's shares declined 11.2% to $7.44 ahead of its third-quarter earnings release [4] - Aptiv PLC shares fell 7.6% to $75.88 [4] - Ventas Inc shares declined 7.5% to $68.77 [4] - Cooper-Standard Holdings Inc's shares fell 6.3% to $33.52 after reporting disappointing third-quarter results and lowering FY25 sales guidance [4]

Core Insights - U.S. stock futures showed a mostly positive trend, with Nasdaq futures increasing by over 1% on Friday [1] - Roku Inc experienced a significant decline in pre-market trading following its third-quarter earnings report [1] Company Performance - Roku reported third-quarter net revenue of $1.211 billion, reflecting a 14% year-over-year increase, surpassing the Street consensus estimate of $1.206 billion [2] - The company's platform revenue reached $1.06 billion, up 17% year-over-year, while devices revenue fell to $146 million, down 5% year-over-year [2] - Roku shares dropped 5% to $94.99 in pre-market trading following the earnings announcement [2] Other Company Movements - SPS Commerce Inc saw a 32.1% decline in pre-market trading to $70.57 after mixed third-quarter results and lower fourth-quarter guidance [4] - Corbus Pharmaceuticals Holdings Inc's shares fell 16.4% to $13.74 due to a public offering announcement [4] - Onespan Inc's shares decreased by 16.1% to $13.02 after reporting disappointing third-quarter sales and lowering FY25 guidance [4] - Savers Value Village Inc's shares dipped 15% to $11.25 following worse-than-expected third-quarter sales and lowered FY25 GAAP EPS guidance [4] - GSI Technology, Inc. shares fell 14.1% to $9.50 after second-quarter results [4] - Newell Brands Inc's shares declined 13.1% to $4.10 due to downbeat third-quarter results and lowered FY25 guidance [4] - DexCom Inc's shares dropped 12.1% to $59.97 after announcing third-quarter results [4] - Site Centers Corp's shares declined 11.2% to $7.44 ahead of its third-quarter earnings release [4] - Aptiv PLC and Ventas Inc saw declines of 7.6% to $75.88 and 7.5% to $68.77, respectively [4] - Cooper-Standard Holdings Inc's shares fell 6.3% to $33.52 after reporting disappointing third-quarter results and lowering FY25 sales guidance [4]

Financial Performance - Sales for Q3 2025 were $695.5 million, a 1.5% increase compared to Q3 2024[5] - Gross profit for Q3 2025 was $87.1 million, reflecting a 14.2% increase year-over-year[5] - Adjusted EBITDA for Q3 2025 was $53.3 million, up from $46.1 million in Q3 2024, representing a year-over-year increase of $7.1 million[7] - Net loss for Q3 2025 was $7.6 million, an improvement of $3.4 million compared to a net loss of $11.1 million in Q3 2024[5] - Free cash flow in Q3 2025 was $27.4 million, an increase of $10.5 million compared to Q3 2024[8] - Operating income for the nine months ended September 30, 2025, was $86.0 million, significantly higher than $38.1 million for the same period in 2024[25] - The adjusted EBITDA margin for the three months ended September 30, 2025, was 7.7%, up from 6.7% in the same period of 2024[32] - The net loss attributable to the company for the three months ended September 30, 2025, was $7,644,000, an improvement from a net loss of $11,057,000 in the same period of 2024[35] - The adjusted net loss income for the three months ended September 30, 2025, was $(4,383,000), an improvement from $(12,012,000) in the same period of 2024[35] Guidance and Future Expectations - The revised full-year guidance for 2025 includes sales of $2.68 billion to $2.72 billion and adjusted EBITDA of $200 million to $210 million[16] - The company expects approximately $25 million of lost profit in Q4 2025 due to temporary customer production cuts[16] - The company remains confident in driving sustainable value through profitable growth and margin enhancement despite near-term production challenges[15] Assets and Liabilities - As of September 30, 2025, cash and cash equivalents totaled $147.6 million, with total liquidity of $313.5 million[9] - Total current assets increased to $945.3 million as of September 30, 2025, up from $805.3 million at the end of 2024[27] - Total liabilities rose to $1.97 billion as of September 30, 2025, compared to $1.87 billion at the end of 2024[27] - Cash and cash equivalents decreased to $147.6 million as of September 30, 2025, down from $170.0 million at the end of 2024[27] Capital Expenditures and Charges - Capital expenditures for the nine months ended September 30, 2025, were $36.5 million, slightly lower than $39.0 million in the same period of 2024[29] - The company reported a pension settlement charge of $44.6 million in 2024, which was not present in 2025[29] - The company incurred restructuring charges of $3,535,000 for the three months ended September 30, 2025, compared to $1,516,000 in the same period of 2024[35] - The capital expenditures for the three months ended September 30, 2025, were $(11,191,000), slightly higher than $(10,937,000) in the same period of 2024[37] Share Information - The weighted average shares outstanding for Q3 2025 were 17.9 million, compared to 17.6 million in Q3 2024[25] - The weighted average shares outstanding for the three months ended September 30, 2025, were 17,925,510 for both basic and diluted shares[35]