Cooper Standard Raises Full Year Adjusted EBITDA Guidance as Second Quarter and First Half Results Exceed Expectations

Core Insights - Cooper-Standard Holdings Inc. reported second quarter 2025 results that exceeded expectations, with an optimistic outlook for the second half of the year despite challenges in light vehicle production and inflationary pressures [3][4][15] Financial Performance - Sales for Q2 2025 were $706.0 million, a slight decline of 0.3% from $708.4 million in Q2 2024 [3][27] - The net loss for Q2 2025 was $1.4 million, significantly improved from a net loss of $76.2 million in Q2 2024 [4][27] - Adjusted net income for Q2 2025 was $1.0 million, compared to an adjusted net loss of $11.3 million in Q2 2024, marking a year-over-year improvement of $12.3 million [4][37] - Adjusted EBITDA for Q2 2025 was $62.8 million, up from $50.9 million in Q2 2024, driven by improved manufacturing efficiency [5][34] Business Developments - The company secured net new business awards totaling $77.1 million in anticipated future annualized sales during Q2 2025, bringing the total for the first half of 2025 to $132.0 million, primarily related to battery-electric and hybrid vehicle platforms [7][15] Segment Performance - Gross profit for Q2 2025 was $93.1 million, an increase of 12.2% compared to Q2 2024 [9] - Operating income for Q2 2025 was $37.3 million, a substantial increase of 234.5% from Q2 2024 [9] Cash and Liquidity - As of June 30, 2025, the company had cash and cash equivalents of $121.6 million, with total liquidity of $272.8 million [13][14] Outlook and Guidance - The company raised its full-year adjusted EBITDA guidance to a range of $220 million to $250 million, while maintaining sales guidance of $2.7 billion to $2.8 billion [16] - The company anticipates that operational excellence will help mitigate the impact of potential lower light vehicle production volumes in the second half of the year [15][16]