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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$695.5 mln
$705.23 mln (3 Analysts)
Q3 Adjusted Net Income
Miss
-$4.4 mln
$3.9 mln (2 Analysts)
Q3 Net Income
-$7.6 mln
Q3 Adjusted EBITDA
Miss
$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
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(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.)