Cooper Standard Highlights Continued Strong New Business Awards in the Third Quarter of 2026
PR Newswire•04/11/2026•16:30 ET
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Key Highlights
- ➤2026 sales $708.6 million, up 1.9% despite global vehicle production declining 2.3%
- ➤Net loss $20.4 million, or $(1.13) per diluted share
- ➤Adjusted EBITDA $52.8 million, down from $53.3 million year over year
- ➤Net new business awards $148.8 million, including $28.2 million for electrified platforms
- ➤2026 adjusted EBITDA guidance cut to $235-$245 million from $265-$295 million
Expert Statements
Jeffrey Edwards, Chairman and CEO of Cooper Standard
“We are continuing to leverage our strong customer relationships to book new business awards at a record pace, with overall average contribution margins consistent with our longer-term strategic plans and targets,”
Jeffrey Edwards, Chairman and CEO of Cooper Standard
“While headwinds from commodity prices and general inflation remained greater than we had expected in the third quarter, we are working with our customers to refine our commercial agreements and accelerate the timing of cost recoveries wherever possible. We expect these actions will further de-risk our business and enable greater long-term value creation going forward.”
Cooper Standard Highlights Continued Strong New Business Awards in the Third Quarter of 2026 PR Newswire
NORTHVILLE, Mich., Nov. 4, 2026 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2026 that include continued strong new business awards amid ongoing inflation and production volume headwinds.
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