Cooper Standard(US:CPS)2025-10-31 11:33Financial 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]