$CPS

Cooper-Standard Holdings Inc.

CIK:0001320461|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Sales	$ 721,349	$ 705,973	$ 1,407,708	$ 1,373,042
Cost of products sold	637,593	612,922	1,241,534	1,202,813
Gross profit	83,756	93,051	166,174	170,229
Selling, administration & engineering expenses	52,605	51,210	105,110	102,401
Amortization of intangibles	1,227	1,710	2,451	3,322
Restructuring charges	17,063	2,852	21,695	4,963
Operating income	12,861	37,279	36,918	59,543
Interest expense, net of interest income	(26,996)	(28,712)	(55,304)	(57,331)
Equity in earnings of affiliates	1,650	1,708	3,099	3,484
Loss on refinancing and extinguishment of debt	0	0	(24,155)	0
Other (expense) income, net	(1,005)	(3,667)	(3,117)	5,217
(Loss) income before income taxes	(13,490)	6,608	(42,559)	10,913
Income tax expense	5,428	8,081	9,625	10,784
Net (loss) income	(18,918)	(1,473)	(52,184)	129
Net loss attributable to noncontrolling interests	75	72	38	22
Net (loss) income attributable to Cooper-Standard Holdings Inc.	$ (18,843)	$ (1,401)	$ (52,146)	$ 151
Earnings per share
Basic	$ (1.04)	$ (0.08)	$ (2.90)	$ 0.01
Diluted	$ (1.04)	$ (0.08)	$ (2.90)	$ 0.01

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities:
Net (loss) income	$ (52,184)	$ 129
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation	43,844	45,027
Amortization of intangibles	2,451	3,322
Share-based compensation expense	5,462	5,481
Equity in earnings of affiliates, net of dividends related to earnings	(1,062)	(1,515)
Loss on refinancing and extinguishment of debt	24,155	0
Deferred income taxes	1,032	2,496
Other	1,941	2,448
Changes in operating assets and liabilities	(64,668)	(87,819)
Net cash used in operating activities	(39,029)	(30,431)
Investing activities:
Capital expenditures	(37,860)	(25,315)
Proceeds from Divestiture of Businesses, Net of Cash Divested	0	2,558
Other	4	0
Net cash used in investing activities	(37,856)	(22,757)
Financing activities:
Proceeds from issuance of long-term debt, net of debt issuance costs	1,084,552	0
Repayment of long-term debt	(1,008,621)	0
Principal payments on long-term debt	(1,081)	(1,412)
Decrease in short-term debt, net	(42,544)	(1,259)
Debt issuance costs and other fees	(19,529)	0
Taxes withheld and paid on employees' share-based payment awards	(2,936)	(1,686)
Other	(180)	0
Net cash provided by (used in) financing activities	9,661	(4,357)
Effects of exchange rate changes on cash, cash equivalents and restricted cash	(469)	6,419
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(67,693)	(51,126)
Cash, cash equivalents and restricted cash at beginning of period	199,882	178,697
Cash, cash equivalents and restricted cash at end of period	$ 132,189	$ 127,571

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 126,579	$ 191,699
Accounts receivable, net	373,454	334,267
Tooling receivable, net	80,692	72,316
Inventories	188,721	154,189
Prepaid expenses	26,253	23,940
Value Added Tax Receivable, Current	47,328	47,329
Other current assets	88,101	57,360
Total current assets	931,128	881,100
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	507,541	523,508
Operating lease right-of-use assets, net	90,025	83,474
Goodwill	140,503	140,696
Intangible assets, net	26,730	28,978
Other assets	179,983	175,418
Total assets	1,875,910	1,833,174
Current liabilities:
Debt payable within one year	44,950	86,121
Accounts payable	373,292	337,319
Payroll liabilities	100,766	122,395
Accrued liabilities	149,926	114,150
Current operating lease liabilities	18,085	18,412
Total current liabilities	687,019	678,397
Long-term debt	1,099,862	1,018,483
Pension benefits	89,727	91,336
Postretirement benefits other than pensions	25,411	26,461
Long-term operating lease liabilities	76,703	69,806
Other liabilities	36,119	40,268
Total liabilities	2,014,841	1,924,751
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized; 19,835,017 shares issued and 17,769,208 shares outstanding as of June 30, 2026, and 19,702,818 shares issued and 17,637,009 shares outstanding as of December 31, 2025	18	17
Additional paid-in capital	526,739	524,312
Retained deficit	(526,873)	(474,727)
Accumulated other comprehensive loss	(130,451)	(133,090)
Total Cooper-Standard Holdings Inc. equity	(130,567)	(83,488)
Noncontrolling interests	(8,364)	(8,089)
Total equity	(138,931)	(91,577)
Total liabilities and equity	$ 1,875,910	$ 1,833,174