Cooper-Standard (CPS) Q2 2026 earnings summary

Executive summary

• Achieved Q2 2026 sales of $721.3 million, up 2.2% year-over-year, with strong operational performance and 99% customer quality scores; net loss was $18.8 million, or $(1.04) per diluted share, including $17.1 million in restructuring charges.

• Adjusted EBITDA was $53.9 million (7.5% margin), down from $62.8 million, and adjusted net loss was $2.3 million, or $(0.13) per share.

• Secured $118 million in net new business awards in Q2, with $36.6 million from battery electric or hybrid platforms; first half awards totaled $246 million.

• Free cash flow for Q2 was $16.3 million, a $39.7 million improvement year-over-year.

• Continued focus on strategic imperatives: financial strength, innovation-driven growth, and corporate responsibility.

Financial highlights

• Q2 2026 sales were $721.3 million (up from $706.0 million); gross profit was $83.8 million (11.6% margin), down from $93.1 million (13.2%).

• Net loss for Q2 was $18.8 million (GAAP); adjusted net loss was $2.3 million.

• First half 2026 sales reached $1.4 billion, with adjusted EBITDA of $104.9 million.

• Ended Q2 with $126.6 million in cash and $294.2 million in total liquidity.

• Net loss margin for Q2 2026 was (2.6)%; adjusted EBITDA margin was 7.5%.

Outlook and guidance

• Maintains full-year 2026 sales guidance of $2.7–$2.9 billion and adjusted EBITDA of $265–$295 million, with margin expansion expected in the second half as cost recoveries take effect.

• Capital expenditures for 2026 expected at $60–$70 million.

• Expects to recover most incremental material and tariff costs in the second half via index-based contracts and negotiations.

• Confident in achieving long-term targets for adjusted EBITDA and return on invested capital.