Cooper Standard(US:CPS) Prnewswireยท2025-05-01 20:30Core Insights - Cooper-Standard Holdings Inc. reported strong operating performance in Q1 2025, with a focus on improving efficiencies and innovation despite market challenges [3][4] - The company achieved a net income of $1.6 million in Q1 2025, a significant recovery from a net loss of $31.7 million in Q1 2024, driven by operational improvements [5][10] - Adjusted EBITDA for Q1 2025 was $58.7 million, up from $29.3 million in the same period last year, reflecting enhanced manufacturing efficiency [6][10] Financial Performance - Sales for Q1 2025 were $667.1 million, a decrease of 1.4% from $676.4 million in Q1 2024, primarily due to foreign exchange impacts [4][11] - Gross profit increased by 25.2% to $77.2 million compared to Q1 2024, while operating income surged by 539.2% to $22.3 million [10][25] - Adjusted net income rose to $3.5 million in Q1 2025 from an adjusted net loss of $30.6 million in Q1 2024, marking a year-over-year improvement of $34.1 million [5][32] Business Development - The company secured net new business awards totaling $55.0 million in anticipated future annualized sales, mainly related to battery electric and hybrid vehicle platforms [8] - Cooper-Standard continues to leverage its engineering and manufacturing capabilities to win new business, capitalizing on trends in the automotive sector [8] Cash and Liquidity - As of March 31, 2025, Cooper-Standard had cash and cash equivalents of $140.4 million, with total liquidity of $300.1 million [14][15] - The company believes it has sufficient financial resources to support ongoing operations and strategic initiatives [15] Market Outlook - The automotive industry faces uncertainty due to changing trade and tariff policies, but underlying demand for light vehicle production remains strong [16] - Cooper-Standard is positioned to manage potential tariff impacts and is optimistic about future profit margins and returns on invested capital as markets stabilize [16]