Core Insights - Cooper Standard reported strong cash flow and margin expansion for the fourth quarter and full year 2025, despite industry disruptions [1][2] - The company anticipates further improvements in 2026, with adjusted EBITDA margins expected to reach or exceed 10% of sales [1] Financial Performance - Fourth Quarter 2025: - Net cash provided by operating activities was $56.2 million, and free cash flow was $44.6 million [1] - Adjusted EBITDA totaled $34.9 million, representing 5.2% of sales [1] - Net income was $3.3 million, or $0.18 per diluted share, a decrease of $36.9 million compared to Q4 2024 [1] - Sales increased by 1.8% to $672.4 million compared to Q4 2024 [1] - Full Year 2025: - Net cash provided by operating activities was $64.4 million, and free cash flow was $16.3 million [1] - Adjusted EBITDA was $209.7 million, or 7.6% of sales, an increase of $29.0 million from 2024 [1] - Net loss improved to $4.2 million, or $(0.23) per diluted share, an improvement of $74.6 million from 2024 [1] - Sales totaled $2.74 billion, a 0.4% increase from 2024 [1] Segment Performance - Sealing Systems: - Sales were $357.8 million, up from $350.4 million in Q4 2024 [2] - Adjusted EBITDA decreased to $32.1 million from $40.2 million in Q4 2024 [2] - Fluid Handling Systems: - Sales were $297.1 million, up from $294.8 million in Q4 2024 [2] - Adjusted EBITDA decreased to $15.1 million from $27.3 million in Q4 2024 [2] Cash Flow and Liquidity - As of December 31, 2025, cash and cash equivalents totaled $191.7 million, with total liquidity of $352.6 million [1] - The company believes it has sufficient financial resources to support ongoing operations and strategic initiatives [1] New Business Awards - In 2025, Cooper Standard received new business awards totaling $297.9 million, with 74% related to battery electric and full-hybrid vehicle programs [1][2] - The company continues to leverage its engineering and manufacturing capabilities to win new business [1]