Sealing and fluid handling systems and components

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Cooper Standard Raises Full Year Adjusted EBITDA Guidance as Second Quarter and First Half Results Exceed Expectations
Prnewswire· 2025-07-31 20:30
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]
Cooper Standard to Present at the 2025 J.P. Morgan Auto Conference
Prnewswire· 2025-07-29 12:30
Jeffrey Edwards, Cooper Standard's chairman and CEO, will discuss the Company's business and strategies in a presentation at 12:35 p.m. ET. The presentation will be accessible to the public by live webcast. A link to the webcast and presentation materials will be available in advance on Cooper Standard's website at https://ir.cooperstandard.com/. About Cooper Standard Contact for Media: Chris Andrews Cooper Standard (248) 596-6217 [email protected] NORTHVILLE, Mich., July 29, 2025 /PRNewswire/ -- Cooper Sta ...
Cooper Standard to Discuss Second Quarter 2025 Results; Provides Details for Management Conference Call
Prnewswire· 2025-07-15 12:30
Financial Results Announcement - Cooper-Standard Holdings Inc. is set to release its financial results for the second quarter of 2025 on July 31 after market close [1] - The earnings results will be available on the Cooper Standard website once released [1] Conference Call Details - A conference call will be held on August 1 at 9 a.m. ET, featuring Chairman and CEO Jeffrey Edwards and CFO Jonathan Banas [2] - The call will cover financial results, a general business update, and a Q&A session for investors [2] - Participants can join the call via a toll-free number for the U.S. and Canada or an international number [3] Webcast and Replay - A replay of the conference call will be accessible on the investors' section of the Cooper Standard website shortly after the live event [4] Company Overview - Cooper Standard is headquartered in Northville, Michigan, and operates in 20 countries as a leading global supplier of sealing and fluid handling systems [5] - The company employs approximately 22,000 team members, including contingent workers, focusing on innovative and sustainable engineered solutions for various markets [5]
Cooper Standard Reports Robust Operating Performance and Significant Margin Improvement in the First Quarter of 2025
Prnewswire· 2025-05-01 20:30
Core 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]
Cooper Standard Named to the USA TODAY America's Climate Leaders 2025 List
Prnewswire· 2025-04-28 12:30
Core Points - Cooper Standard has been recognized as one of America's Climate Leaders 2025 by USA TODAY and Statista, highlighting its commitment to sustainability and environmental responsibility [1][2] - The award acknowledges companies in the U.S. that demonstrate a strong environmental record and significant year-over-year reductions in emissions intensity [2] - Cooper Standard's 2023 Corporate Responsibility Report emphasizes its dedication to reducing environmental impact while promoting business innovation and profitability [3] Company Overview - Cooper Standard is a leading global supplier of sealing and fluid handling systems, headquartered in Northville, Michigan, with operations in 20 countries [5] - The company employs approximately 22,000 team members, focusing on continuous improvement in business practices and community engagement [5] - Cooper Standard utilizes materials science and manufacturing expertise to create innovative and sustainable solutions for various transportation and industrial markets [5]
Cooper Standard to Discuss First Quarter 2025 Results; Provides Details for Management Conference Call
Prnewswire· 2025-04-15 13:45
Financial Results Announcement - Cooper-Standard Holdings Inc. is set to release its financial results for the first quarter of 2025 on May 1 after market close [1] - The earnings results will be available on the Cooper Standard website once released [1] Conference Call Details - A conference call will be hosted on May 2 at 9 a.m. ET, featuring Chairman and CEO Jeffrey Edwards and CFO Jonathan Banas [2] - The call will cover financial results, a general business update, and a Q&A session for investors [2] - Investors can access the call via an online, real-time webcast [2] Participation Information - U.S. and Canadian callers can join the call toll-free at 800-836-8184, while international callers can dial 646-357-8785 [3] - Participants are advised to dial in at least five minutes prior to the start of the call [3] Webcast Replay - A replay of the webcast will be available shortly after the live event on the investors' section of the Cooper Standard website [4] Company Overview - Cooper Standard is headquartered in Northville, Michigan, and operates in 20 countries as a leading global supplier of sealing and fluid handling systems [5] - The company employs over 22,000 team members and focuses on innovative and sustainable engineered solutions for various markets [5]