Cooper-Standard (CPS) Q4 2025 earnings summary

Executive summary

• Achieved best operational performance in company history in 2025, with world-class product quality, safety, and service metrics, significant lean savings, and multiple industry awards for innovation and sustainability.

• Overcame inflationary headwinds and major customer supply chain disruptions, delivering results above the original operating plan and at the high end of updated guidance.

• Secured $298 million in net new business awards, with a strong focus on innovation, electrification, and a strategic shift toward Chinese OEMs.

• Full year 2025 sales increased to $2.74 billion, with adjusted EBITDA rising to $209.7 million (7.6% margin), and net loss improving significantly year-over-year.

• Strong cash flow performance, with $16.3 million free cash flow for the year and $44.6 million generated in Q4.

Financial highlights

• Fourth quarter 2025 sales were $672.4 million, up 1.8% year-over-year, with adjusted EBITDA of $34.9 million (5.2% margin).

• Full year 2025 sales reached $2,740.9 million, up from $2,730.9 million in 2024; adjusted EBITDA was $209.7 million (7.6% margin), up from $180.7 million (6.6%).

• Net loss for 2025 improved to $(4.2) million (GAAP), with adjusted net loss at $(30.9) million.

• Free cash flow for 2025 was $16.3 million, positive for the third consecutive year.

• Capital expenditures totaled $48.2 million, consistent with prior year.

Outlook and guidance

• 2026 guidance anticipates sales of $2.7–$2.9 billion, adjusted EBITDA of $260–$300 million, and capital expenditures of $55–$65 million.

• Targeting double-digit EBITDA margin for 2026, with margin and cash flow building through the year.

• Long-term plans include reducing Net Leverage Ratio to 2x or lower and tripling Return on Invested Capital by 2028.

• Revenue guidance reflects conservative industry volume forecasts; upside possible if volumes exceed S&P predictions.

• Management anticipates further margin enhancement and profitable growth, supported by resilient light vehicle demand and new program launches.