Cooper Standard Highlights Continued Strong New Business Awards in the Third Quarter of 2026
Cooper Standard posted Q3 2026 sales of $708.6 million, up 1.9% YoY, but swung to a GAAP net loss of $20.4 million ($(1.13) per diluted share) versus a $7.6 million loss a year ago, driven by $19.2 million of restructuring charges. On an adjusted basis the loss narrowed to $2.1 million ($(0.11) per share) from $4.4 million, while adjusted EBITDA of $52.8 million was roughly flat vs $53.3 million. The company booked $148.8 million in net new business awards in the quarter, including $28.2 million tied to battery electric or full-hybrid platforms, bringing nine-month awards to $395.1 million.
Key figures
- Revenue
- 708600000
- Guidance
- FY26 sales narrowed to $2.75-$2.85B (from $2.7-$2.9B); adjusted EBITDA cut to $235-$245M (from $265-$295M); capex raised to $65-$70M
- Revenue Yoy
- 1.9%
- Cash
- 112300000
- Adjusted ebitda
- 52800000
- Total liquidity
- 305400000
- Ev hybrid awards q3
- 28200000
- Operating cash flow
- 5200000
- Restructuring charges
- 19200000
- Adjusted ebitda margin
- 7.5%
- Net new business awards 9m
- 395100000
- Net new business awards q3
- 148800000
AI analysis
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