Sales and Customers - In 2025, approximately 86% of Cooper Standard's sales were to OEMs, with major customers including Ford, GM, and Volkswagen[21]. - Sales to the three largest customers, Ford, GM, and Stellantis, represented approximately 56% of total sales for the year ended December 31, 2025[102]. - In 2025, approximately 86% of Cooper Standard's sales were original equipment sold directly to OEMs, while 14% were to Tier I and Tier II suppliers and non-automotive manufacturers[166]. - In 2025, about 59% of sales were generated in North America, highlighting the company's significant international operations[170]. - Approximately 78% of the company's sales in 2025 were attributable to products manufactured outside the United States, indicating significant international operations[97]. Financial Performance - Sales for the year ended December 31, 2025, increased by 0.4% to $2,740.9 million compared to $2,730.9 million in 2024, driven by favorable foreign exchange[202][204]. - Gross profit for 2025 was $327.5 million, an increase of 8.1% from $302.9 million in 2024, with a gross profit margin of 11.9% compared to 11.1% in 2024[202][208]. - Operating income for 2025 was $86.6 million, up from $69.8 million in 2024, reflecting a year-over-year increase of $16.8 million[202]. - The net loss attributable to Cooper-Standard Holdings Inc. for 2025 was $4.2 million, a significant improvement from a net loss of $78.7 million in 2024[202]. - Restructuring charges decreased by $3.6 million in 2025 compared to 2024, reflecting the impact of a cost optimization restructuring plan implemented in 2024[212]. Operations and Facilities - The company operates 108 facilities across 20 countries, employing around 22,000 people, including 4,000 contingent workers[20]. - Cooper Standard operates 108 facilities across 20 countries, with 65 predominantly manufacturing facilities and 43 designated for design, engineering, administrative, or logistics purposes[152]. - The company has joint ventures in multiple countries, including a 51% ownership in Cooper Standard Sealing (Guangzhou) Co. Ltd. in China, focusing on sealing and fluid transfer systems[50]. - The company utilizes joint ventures to enter new geographic markets, reducing capital investment and leveraging local knowledge[48]. Innovation and Product Development - Cooper Standard aims to achieve and sustain double-digit EBITDA margins and strong free cash flow generation as part of its financial strategy[26]. - The company has successfully utilized its Cooper Standard Operating System (CSOS) to achieve average annual savings of approximately $40 million over the past five years[27]. - The company has developed several innovative products, including the FlexiCore thermoplastic body seal and eCoFlow switch pump, which enhance performance and sustainability[32]. - Cooper Standard's innovations have received multiple industry awards, including the SAA Innovations in Lightweighting Award for FlexiCore in 2024[35]. - The company is focused on expanding its Industrial and Specialty Group (ISG) business to leverage its core product expertise in diverse markets[30]. - The company finalized the divestiture of its European technical rubber products business in 2023, indicating a strategic shift in its operations[25]. Sustainability and Corporate Responsibility - The company aims to achieve carbon neutrality in Europe by 2040 and globally by 2050, reflecting its commitment to sustainability[68]. - The company has been recognized on Newsweek's list of America's Most Responsible Companies for seven consecutive years, highlighting its commitment to corporate responsibility[67]. - The principal raw materials include rubber, carbon black, process oils, and plastic resins, with procurement strategies in place to manage costs and supply continuity[57]. Workforce and Diversity - Approximately 40% of the company's workforce were women in 2025, with women holding about 23% of leadership positions[63]. - The company has a workforce of approximately 22,000 employees, including 4,000 contingent workers, and maintains good relations with its employees[61]. Risks and Challenges - The company may experience difficulties managing product quality, timeliness, and associated costs related to new program launches[89]. - Significant disruptions in the automotive industry due to parts shortages and global supply chain constraints could adversely affect the company's operations and financial performance[83]. - The company faces aggressive pricing pressures from customers, which could negatively impact sales and profit margins[101]. - The company is highly dependent on the automotive industry, and a prolonged contraction in automotive sales could adversely affect its business[96]. - The company has significant exposure to risks associated with public health events, which could materially impact financial condition and operations[94]. - Work stoppages or labor disputes could negatively affect the company's operations and financial performance[84]. - The company relies on information technology systems, and disruptions could adversely affect its business and financial performance[86]. - The company may incur material losses and costs due to product liability and warranty claims, which could harm its reputation and customer trust[91]. - The company had total indebtedness of $1,104.6 million as of December 31, 2025, which could adversely affect its financial condition and ability to obtain future financing[115]. - The ability to borrow against the senior asset-based revolving credit facility is limited to the borrowing base, which could be affected by production shutdowns[111]. - The company may incur significant costs related to manufacturing facility closings or consolidations, negatively impacting cash flows and financial condition[105]. - The company may incur substantial additional indebtedness in the future, increasing risks associated with servicing existing debt[117]. - Variable rate indebtedness exposes the company to interest rate risk, potentially increasing debt service obligations if interest rates rise[118]. - Significant operating and financial restrictions imposed by debt instruments may limit the company's ability to raise additional financing or engage in strategic opportunities[121]. - The company faces potential adverse effects from changes in benchmark interest rates, which could impact future debt servicing[120]. - Working capital requirements may negatively affect liquidity, especially if cash provided by operating activities is insufficient[127]. - Foreign currency exchange rate fluctuations could materially impact operating results, particularly during periods of a strengthening U.S. Dollar[128]. - Impairment charges related to goodwill and long-lived assets could adversely affect financial results if indicators of impairment are identified[130]. - Underfunded pension plans may require cash contributions, reducing available cash for business operations; as of December 31, 2025, the U.S. SERP was underfunded by $9.8 million[131]. - Legal and regulatory proceedings may have an adverse impact on financial condition and results of operations, with potential for significant claims[137]. Market Trends and Economic Outlook - The global light vehicle production returned to moderate growth in 2025, driven primarily by strong production volume in China, despite declines in North America and Europe[172]. - In 2026, industry forecasts anticipate a 0.4% decline in global vehicle production compared to 2025, reflecting ongoing economic uncertainties[172]. - In North America, consumer confidence remains subdued, with certain indices near their lowest levels in over a decade, impacting overall economic activity[173]. - Economists at the IMF project that the U.S. economy will grow by 2.4% in 2026, while Canada and Mexico are expected to grow by 1.6% and 1.5%, respectively[173]. - The Eurozone economy is projected to grow by 1.3% in 2026, driven by rising real wages and increased household consumption[174]. - Brazil's economic growth rate is expected to slow to 1.6% in 2026, following two years of growth averaging 3.0%[176]. - The automotive supplier industry is experiencing increased competition, leading to a preference for stronger relationships with fewer suppliers[179]. - Suppliers are under pressure for price reductions, which is reducing overall profitability in the supply industry[181]. - Advancements in electric vehicle technologies and regulatory pressures are reshaping industry expectations, with continued growth in EV sales projected[182].

Executive Vice President and CFO Jon Banas reported fourth-quarter 2025 sales of $672 million, up 1.8% from the prior-year quarter. Banas said favorable foreign exchange—primarily from the euro—more than offset the impact of reduced production volumes tied to a customer supply chain disruption. In a detailed bridge, management said foreign exchange increased sales by $14 million, while unfavorable volume and mix reduced sales by $3 million.On costs, Edwards said plant efficiency improvements and lean supply ...

Core Insights - The company reported strong operational performance in 2025, achieving a record operational performance despite facing inflationary pressures and supply chain disruptions [1][5] - The company received $298 million in net new business awards in 2025, which is expected to support profitable growth in the coming years [1][27] - The company achieved a 24% improvement in operating income for the year due to efficiency improvements and cost savings [2] Financial Performance - Fourth quarter 2025 sales reached $672 million, a 1.8% increase from 2024, despite production disruptions [7] - Full year 2025 sales totaled $2.74 billion, a 0.4% increase compared to 2024, driven by favorable foreign exchange and customer pricing adjustments [9][10] - Adjusted EBITDA for the full year 2025 was $209.7 million, up from $180.7 million in 2024, reflecting improved efficiencies and cost savings [10] Safety and Operational Excellence - The company achieved a safety incident rate of 0.24 per 200,000 hours worked in 2025, surpassing the previous best and well below the world-class benchmark [3] - 31 plants completed the year with a perfect safety record of zero reportable incidents, affirming the company's commitment to safety [3] Strategic Outlook - The company expects to continue building on its successes in 2025 to drive margin expansion and value for stakeholders in 2026 and beyond [5] - The company is optimistic about its growth strategy, particularly in the Fluid Handling Systems and Sealing Systems segments, with a focus on geographic expansion and innovation [21][22] - The company anticipates that revenue from Chinese OEMs will grow significantly, aiming to increase their share of total revenue from 36% to over 60% by 2030 [24][57] Cash Flow and Liquidity - The company ended 2025 with strong free cash flow of $44.6 million in the fourth quarter and positive free cash flow for the full year of $16.3 million [15] - Total liquidity at year-end was over $352 million, with cash on hand of $191.7 million and an undrawn revolving credit facility of $160.9 million [16][17] New Business and Innovation - The company received nearly $300 million in net new business awards in 2025, with 74% related to value-add innovations and battery electric or hybrid vehicle platforms [27][28] - The company expects to triple total sales to Chinese OEMs over the next five years, leveraging established relationships and technology [26][60]

Cooper-Standard (NYSE:CPS) Q4 2025 Earnings call February 13, 2026 09:00 AM ET Company ParticipantsBrian DiRubbio - Managing DirectorJeff Edwards - Chairman and CEOJonathan Banas - EVP and CFOKirk Ludtke - Managing DirectorRoger Hendriksen - Director of Investor RelationsConference Call ParticipantsMichael Ward - Managing Director and Senior AnalystNathan Jones - Managing Director and Senior Equity AnalystOperatorMorning, ladies and gentlemen, and welcome to the Cooper Standard fourth quarter and full year ...

Cooper-Standard (NYSE:CPS) Q4 2025 Earnings call February 13, 2026 09:00 AM ET Company ParticipantsBrian DiRubbio - Managing DirectorJeff Edwards - Chairman and CEOJonathan Banas - EVP and CFOKirk Ludtke - Managing DirectorRoger Hendriksen - Director of Investor RelationsConference Call ParticipantsMichael Ward - Managing Director and Senior AnalystNathan Jones - Managing Director and Senior Equity AnalystOperatorMorning, ladies and gentlemen, and welcome to the Cooper-Standard fourth quarter and full year ...

Cooper-Standard (NYSE:CPS) Q4 2025 Earnings call February 13, 2026 09:00 AM ET Speaker6Morning, ladies and gentlemen, and welcome to the Cooper-Standard fourth quarter and full year 2025 earnings conference call. During the presentation, all participants will be in listen-only mode. Following company-prepared comments, we will conduct a question-and-answer session. At that time, if you have a question, you will need to press star one one on your telephone keypad. To withdraw your question, please press star ...

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Introduction Roger Hendriksen | Director, Investor Relations 2025 Year in Review Jeff Edwards | Chairman and Chief Executive Officer Financial Overview Jon Banas | Executive VP and Chief Financial Officer Strategic Overview and Outlook Jeff Edwards Creating Sustainable Solutions TOGETHER Fourth Quarter and Full Year 2025 Earnings Presentation February 13, 2026 Agenda Q & A 2 Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of U.S. federal securities laws, ...

Cooper Standard Reports Strong Fourth Quarter Cash Flow Despite Industry Disruption; Continued Margin Expansion and Positive Cash Flow Highlight Full Year 2025 Results NORTHVILLE, Mich., February 12, 2026 -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2025. Fourth Quarter 2025 Summary 1 • Sales totaled $672.4 million, an increase of 1.8% vs. the fourth quarter of 2024 • Operating income totaled $0.6 million, a decrease of $31.1 million vs. the fourth ...

Cooper Standard Reports Strong Fourth Quarter Cash Flow Despite Industry Disruption; Continued Margin Expansion and Positive Cash Flow Highlight Full Year 2025 Results [Accessibility Statement] Skip NavigationNORTHVILLE, Mich., Feb. 12, 2026 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2025.Fourth Quarter 2025 Summary- Net cash provided by operating activities of $56.2 million and free cash flow of $44.6 million- Adjusted EBITDA totale ...