Core Insights - The company reported a decrease in U.S. GAAP net sales of approximately 2% for the first quarter of 2025 compared to the same period in 2024, with net sales totaling $3,515 million [5][6][14] - Adjusted earnings per diluted share increased by approximately 8% to $1.11 in Q1 2025, up from $1.03 in Q1 2024, despite a decline in net earnings per diluted share from $0.93 to $0.72 [4][6] - The company has provided full-year 2025 guidance, expecting net sales between $13.6 billion and $14.2 billion, reflecting slight growth from 2024 sales of approximately $14.1 billion [7][8] Financial Performance - U.S. GAAP net earnings for Q1 2025 were $157 million, down from $213 million in Q1 2024, while adjusted net earnings were $1.11 per diluted share, an increase from $1.03 [6][14] - The company achieved an adjusted operating margin of 10.0% in Q1 2025, compared to a U.S. GAAP operating margin of 6.7%, reflecting a 60 basis point improvement year-over-year [5][6] - The company reported net cash provided by operating activities of $82 million for Q1 2025, a significant improvement from a net cash used of $(118) million in Q1 2024 [17] Business Developments - The company secured multiple new business awards, including a high-volume hybrid eMotor award and a high-voltage coolant heater award, which are expected to support long-term profitable growth [2][5] - The company plans to exit its Charging business, which is anticipated to eliminate approximately $30 million in annualized adjusted operating losses [5][6] - The company is consolidating its North American Battery Systems business, aiming for annual cost savings of approximately $20 million by 2026 [5] Market Outlook - The company expects its weighted light and commercial vehicle markets to decline by 4% to 2% in 2025, a revision from the previous estimate of down 3% to down 1% [7][8] - The sales guidance implies a year-over-year change in organic sales of down 2% to up 2%, with an estimated outgrowth above market production of approximately 200 to 400 basis points [7][8] - The company anticipates operating margins in the range of 8.1% to 8.6% for 2025, with adjusted operating margins expected to be between 9.6% and 10.2% [8]

Lear (LEA) reported $5.56 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 7.2%. EPS of $3.12 for the same period compares to $3.18 a year ago.The reported revenue represents a surprise of +0.09% over the Zacks Consensus Estimate of $5.56 billion. With the consensus EPS estimate being $2.64, the EPS surprise was +18.18%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...

Core Insights - Cooper-Standard Holdings Inc. has experienced a significant stock price increase of 43.8% since reporting first-quarter 2025 results, outperforming the S&P 500 index's 1.5% rise, with a remarkable 77% gain over the past month compared to the S&P 500's 12.4% increase [1] Revenue & Earnings - For the quarter ended March 31, 2025, Cooper-Standard reported revenues of $667.1 million, a decrease of 1.4% from $676.4 million a year earlier, primarily due to unfavorable foreign currency exchange rates [2] - The company achieved a net income of $1.6 million, reversing a net loss of $31.7 million from the previous year, with adjusted net income at $3.5 million or 19 cents per diluted share, compared to an adjusted loss of $30.6 million or $1.75 per diluted share last year [2] Profitability Metrics - Gross profit increased to $77.2 million from $61.6 million, raising the margin from 9.1% to 11.6% [3] - Adjusted EBITDA rose to $58.7 million from $29.3 million, increasing the margin from 4.3% to 8.8%, driven by cost efficiencies and restructuring savings [3] Operational Performance - Cooper-Standard achieved a 99% green quality scorecard and a 97% green scorecard for customer service, with 47 plants recording a perfect safety record [4] - Lean manufacturing and purchasing initiatives resulted in $20 million in savings, while restructuring activities contributed an additional $8 million in cost reductions [4] Business Development - The company secured $55 million in net new business awards during the quarter, validating its value proposition across various vehicle platforms [5] Leadership Insights - CEO Jeff Edwards highlighted the quarter as one of the best in terms of operations and customer service, attributing improvements to the alignment around four strategic imperatives [6] - CFO Jon Banas noted improved profitability despite inflationary pressures and consistent cash usage in operations, with capital expenditure of $17.5 million focused on new customer programs [7] Factors Influencing Results - The revenue decline was largely due to a $15 million impact from foreign exchange, partially offset by a favorable $6 million volume and mix shift [8] - EBITDA gains were driven by $20 million in lean savings, $8 million from restructuring, and additional benefits from lower SG&A and favorable FX impacts [8] Financial Position - Cooper-Standard ended the quarter with $140 million in cash and $160 million in undrawn ABL availability, with a net leverage ratio of 4.6X, targeting a reduction below 2X by 2027 [9] Guidance & Outlook - Management reaffirmed expectations for double-digit adjusted EBITDA margins and improving cash flow, while acknowledging potential macro uncertainties related to tariffs and trade policies [10][11] - The company anticipates strong tailwinds from increasing hybrid vehicle production, estimating an 80% surge in content per vehicle opportunity in this segment [12] Product Development - The ongoing commercialization of the eCoFlow Switch Pump, designed for hybrid and electric vehicle thermal management systems, is expected to support long-term growth as production ramps up [13] Summary - Cooper-Standard's first-quarter 2025 results indicate a significant turnaround in profitability and operational execution, supported by lean initiatives, innovation, and trends in hybrid vehicle growth [14]

Cooper-Standard (CPS) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Roger Hendriksen - Director of Investor RelationsJeffrey Edwards - Chairman & CEOJonathan Banas - Executive VP & CFOKirk Ludtke - Managing DirectorBen Briggs - Director Conference Call Participants Michael Ward - Finance Analyst Operator Good morning, ladies and gentlemen, and welcome to the Cooper Standard First Quarter twenty twenty five Earnings Conference Call. During the presentation, all participants will be in l ...

Safe Harbor Statement The following information contains, or may be deemed to contain, "forward-looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of 1995). The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward- ...

Core Insights - Aptiv PLC reported better-than-expected first-quarter 2025 results with adjusted earnings of $1.69 per share, beating the Zacks Consensus Estimate by 9% and increasing 45.7% year over year [1] - Revenues for the quarter were $4.80 billion, surpassing the Zacks Consensus Estimate by 0.4% but decreasing 1.6% year over year [1] Revenue Performance - Adjusted revenues declined 1% year over year, with specific declines of 4% in Europe, 2% in North America, and 3% in South America, while Asia saw a growth of 5%, including a 2% increase in China [1] - The Electrical Distribution Systems and Engineered Components Group reported revenues of $2 billion and $1.6 billion, declining 3% and 1% year over year, respectively [2] - The Advanced Safety and User Experience segment's revenues remained flat at $1.4 billion year over year [2] Operating Income and Margins - Adjusted operating income was $572 million, up 5.2% from the previous year, with an adjusted operating income margin of 11.9%, an increase of 80 basis points year over year [2] Cash Flow and Debt - At the end of the quarter, Aptiv had cash and cash equivalents of $1.1 billion, down from $1.6 billion in the previous quarter, while long-term debt decreased from $7.8 billion to $7.6 billion [3] - The company generated $273 million in cash from operating activities, compared to $244 million in the first quarter of 2024 [3] Future Outlook - For Q2 2025, Aptiv expects revenues between $4.92 billion and $5.12 billion, and adjusted EPS between $1.7 and $1.9, both higher than current Zacks Consensus Estimates [4] - For the full year 2025, revenues are expected to be between $19.6 billion and $20.4 billion, with adjusted EPS between $7 and $7.6, also above current estimates [5] - The adjusted operating income margin for 2025 is anticipated between 11.9% and 12.3%, with capital expenditure expected to be $880 million [5]

Aptiv (APTV) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 Day, and welcome to the Aptiv Q1 twenty twenty five Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Betsy Frank, Vice President, Investor Relations. Please go ahead. Speaker1 Thank you, Jess. Good morning, and thank you for joining Aptiv's first quarter twenty twenty five earnings conference call. The press release and related tables, along with the slide presentation, can be f ...

Financial Data and Key Metrics Changes - Revenue totaled $4.8 billion, down 1% year-over-year due to lower vehicle production in North America and Europe and negative customer mix [5][21] - Operating income reached a record $572 million, an increase of over 5%, reflecting strong operating execution and ongoing cost reduction initiatives [5][21] - Earnings per share hit a record $1.69, a 46% increase from the prior year, driven by higher operating income and share repurchases [5][23] - Operating cash flow totaled $273 million, positioning the company to accelerate its deleveraging plan [5][31] Business Line Data and Key Metrics Changes - Advanced Safety and User Experience (ASUX) segment revenues were flat, with Active Safety revenues increasing by 9% and User Experience down 14% due to the roll-off of legacy programs [25][13] - Engineered Components Group (ECG) revenues increased by 1%, driven by 24% growth in China, offsetting declines in North America and Europe [26][16] - Electrical Distribution Systems (EDS) revenues declined by 3%, primarily due to lower light vehicle production, but bookings included over $1 billion in new business awards [27][18] Market Data and Key Metrics Changes - In North America, revenues were down 2%, while in Europe, revenues decreased by 4% year-over-year [24] - In China, revenues grew by 2% year-over-year, driven by growth with local OEMs, despite significant production volume declines with a specific EV customer [24][26] Company Strategy and Development Direction - The company is focused on the transition to electrified, software-defined, and connected solutions, positioning itself to enable this transition across multiple end markets [7][35] - The separation of the EDS business is on track, expected to create two independent public companies with unique product portfolios and financial profiles [35][19] - The company is proactively adapting its business to evolving trade policies and customer needs, leveraging a localized supply chain and flexible cost structure [10][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth drivers of the business, despite current uncertainties due to rapid changes in global trade policies [8][9] - The company is closely monitoring demand changes and plans to update its full-year outlook when visibility improves [8][9] - Management highlighted strong cash flow generation and a robust balance sheet, providing flexibility to execute strategic initiatives [31][32] Other Important Information - The company completed a $3 billion accelerated share repurchase program, reducing its share count by 18% [6] - Bookings for the first quarter were nearly $5 billion, with strong traction in China and across various segments [11][12] Q&A Session Summary Question: Outlook and Tariff Impact - Management confirmed that the second quarter guidance is based on current visibility, with a focus on vehicle production schedules and customer pricing strategies [37][41] Question: High-Value Production Relocation - Management indicated that high-value production could potentially move back to the U.S., but this does not include the wire harness business [42][44] Question: Advanced Content Bidding Launches - Management noted that activity levels remain robust, although customer award timelines have been extended due to macro uncertainties [48][49] Question: EDS Spin and Macro Uncertainty - Management affirmed that the plan to separate EDS remains unchanged, focusing on growth and cost minimization [50][51] Question: Volume Decline and Guidance - Management clarified that the guidance reflects a volume question for the second half of the year, with no direct tariff impact expected [54][60] Question: China Market Performance - Management acknowledged strong growth in China, despite being impacted by a significant global EV manufacturer [62][63] Question: Tariff Commentary - Management confirmed that 99% of goods imported are USMCA compliant, implying minimal tariff costs [78][79]

Financial Performance - Q1 2025 - Reported revenue was $4825 million, a decrease of (2%) year-over-year[28,55] - Adjusted revenue growth, excluding foreign exchange and commodities impact, was (1%)[28,55] - EBITDA increased by 5% to $758 million, with an EBITDA margin of 15.7%, a 100 bps increase[28] - Operating income reached a record $572 million for the first quarter, with an operating margin of 11.9%, up 80 bps[28] - Earnings per share (EPS) stood at $1.69, including a $0.21 benefit from Motional EPS[28] - Operating cash flow was $273 million, driven by higher year-over-year earnings and continued inventory management[28] Segment Performance - Q1 2025 - Advanced Safety & User Experience (AS&UX) reported flat revenue growth, with a 9% adjusted growth in Active Safety and 12% in SV Compute & Software[28,35] - Engineered Components Group (ECG) saw a 1% adjusted revenue growth, with China up 24%, and an 8% increase in operating income[28,39] - Electrical Distribution Systems (EDS) experienced a (3%) adjusted revenue decline due to lower vehicle production, but a 5% increase in operating income[28,43] Guidance and Outlook - The company provided Q2 2025 revenue guidance of $4920 - $5120 million and full-year 2025 revenue guidance of $19600 - $20400 million[45] - Q2 2025 adjusted revenue growth is expected to be around (1%), with NA ~flat, EU (3%), and China (4%)[45] - Full-year 2025 adjusted revenue growth is projected at approximately 2%[45]

May 1, 2025 stoneridge.com © 2025 Non-GAAP Financial Measures This presentation contains information about the Company's financial results that is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures at the end of this presentation. The provision of these non-GAAP financial measures for 2025 and 2024 is not intended to indicate that Stoneridge is explicitly or implicit ...