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CPS Cooper-Standard Holdings News Story

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Consumer CyclicalsAdventurousMid CapNeutral

Cooper Standard Q3 sales miss estimates, posts surprise adjusted loss

Overview

Cooper Standard Q3 sales rose 1.5% yr/yr but missed analyst expectations

Adjusted net loss improved yr/yr but missed analyst estimates

Adjusted EBITDA increased yr/yr but missed analyst expectations

Outlook

Cooper Standard revises full-year sales guidance to $2.68 bln - $2.72 bln

Company expects 2025 adjusted EBITDA of $200 mln - $210 mln

Company cites strong demand for light vehicle production despite disruptions

Result Drivers

SALES GROWTH DRIVERS - Sales increased 1.5% due to favorable foreign exchange and volume mix, partially offset by customer price adjustments

EFFICIENCY IMPROVEMENTS - Improved adjusted net loss driven by increased manufacturing and purchasing efficiency and favorable foreign exchange

CASH FLOW INCREASE - Operating cash flow increased by $10.8 mln due to improved operating earnings and positive net change in working capital

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesMiss$695.5 mln$705.23 mln (3 Analysts)
Q3 Adjusted Net IncomeMiss-$4.4 mln$3.9 mln (2 Analysts)
Q3 Net Income-$7.6 mln
Q3 Adjusted EBITDAMiss$53.3 mln$60.46 mln (3 Analysts)
Q3 Gross Profit$87.1 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy" Wall Street's median 12-month price target for Cooper-Standard Holdings Inc is $37.00, about 4.2% below its October 29 closing price of $38.56 Press Release: ID:nPn67k2hTa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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