#USA #Northville #Cooper Standard #Q1 2025 #NYSE CPS

Cooper Standard Shows Significant Growth in Q1 2025

In a recent announcement, Cooper-Standard Holdings Inc. (NYSE: CPS) disclosed its financial results for the first quarter of 2025, revealing a remarkable performance in various operating metrics.

Financial Highlights

The report indicated a gross profit of $77.2 million, representing a 25.2% increase compared to the same period in 2024. This improvement is further reflected in the operating income, which soared to $22.3 million, marking an extraordinary 539.2% jump from Q1 of the previous year. Furthermore, the net income stood at $1.6 million, translating to $0.09 per diluted share, up from a staggering loss of $31.7 million in Q1 2024.

Adjusted Figures

In addition to the solid net income, Cooper Standard reported an adjusted net income of $3.5 million or $0.19 per diluted share, a notable increase of $34.1 million when compared to the loss reported a year prior. The adjusted EBITDA also saw a significant boost, totaling $58.7 million or 8.8% of sales, which reflects an increase of $29.4 million year-over-year.

Jeffrey Edwards, the chairman and CEO of Cooper Standard, expressed satisfaction with the quarter’s performance, stating, “Our operating performance in the first quarter was outstanding. Our global team is successfully executing our strategy to deliver increasing value to our stakeholders through improved efficiencies, innovation, and top-quality service.”

Sales Performance

Despite the positive operating results, Cooper Standard experienced a slight sales decline of 1.4% in the first quarter, largely attributed to foreign exchange effects. This reduction was, however, partially mitigated by improved volumes and positive pricing adjustments.

The report indicated sales reached $667.1 million, slightly down from $676.4 million in Q1 2024.

Business Segments Breakdown

Analyzing their operations segment-wise, the sealing systems segment recorded sales of $344.3 million, while the fluid handling systems segment generated $304.0 million in sales during the same quarter. The total for both segments amounted to $648.3 million.

Future Outlook

The company is optimistic moving forward. Despite the uncertainties stemming from changing trade and tariff policies in various countries, Cooper Standard has confidence that the demand for new light vehicle production in critical markets remains robust. Factors such as an aging fleet, increasing population numbers, and a rising number of newly licensed drivers are expected to sustain this demand, according to the company’s projections.

New Business Awards

Cooper Standard continues to capitalize on industry trends, particularly in the hybrid and battery electric vehicles sector. The first quarter of 2025 saw the company winning new business awards estimated at $55 million in anticipated annualized sales, further solidifying its position in emerging vehicle markets.

Conclusion

As the industry navigates through economic challenges, Cooper Standard is strategically focused on enhancing profitability while safeguarding its operational integrity. With a robust pipeline for innovative product offerings and a commitment to quality, the company appears well-positioned for sustainable growth in the years ahead.

For detailed updates, investors can tune into the upcoming conference call scheduled for May 2, 2025, where management will discuss these results further and answer questions from investors.

About Cooper Standard: Established in Northville, Michigan, Cooper Standard is a leading supplier of sealing and fluid handling solutions with operations across 20 countries. The company prides itself on its engineering capabilities and innovative solutions tailored for diverse transportation and industrial sectors.