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Cooper-Standard Holdings (CPS)

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Earnings summaries and quarterly performance for Cooper-Standard Holdings.

Recent press releases and 8-K filings for CPS.

Cooper-Standard Automotive Inc. Issues 9.250% Senior Secured First Lien Notes
CPS
Debt Issuance
  • Cooper-Standard Automotive Inc. entered into an Indenture for 9.250% Senior Secured First Lien Notes due 2031 on March 4, 2026.
  • The initial aggregate principal amount of these Notes is $1,100,000,000.
  • The Issuer may redeem up to 10.0% of the aggregate principal amount of the Notes prior to March 1, 2028, at a redemption price of 103.000% plus accrued interest.
  • On or after March 1, 2028, the Notes are redeemable at varying percentages, starting at 104.625% from March 1, 2028, to February 28, 2029, and decreasing to 100.000% from March 1, 2030, and thereafter, plus accrued interest.
2 days ago
Cooper Standard Prices $1.1 Billion Senior Secured First Lien Notes
CPS
Debt Issuance
  • Cooper-Standard Holdings Inc. announced the pricing of a private offering by its wholly-owned subsidiary, Cooper-Standard Automotive Inc., for $1,100.0 million in aggregate principal amount of 9.250% Senior Secured First Lien Notes due 2031.
  • The Notes offering is expected to close on March 4, 2026.
  • The net proceeds from this offering, combined with cash on hand, will be used to redeem all existing and outstanding 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027, 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027, and 5.625% Senior Notes due 2026, including any applicable premiums, and to cover related fees and expenses.
Feb 20, 2026, 9:05 PM
Cooper-Standard Automotive Prices $1.1 Billion Senior Secured Notes
CPS
Debt Issuance
  • Cooper-Standard Automotive Inc., a subsidiary of Cooper-Standard Holdings Inc., priced a private offering of $1,100.0 million in aggregate principal amount of 9.250% Senior Secured First Lien Notes due 2031.
  • The net proceeds from this offering, along with cash on hand, are intended to redeem existing debt, specifically the 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027, 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027, and 5.625% Senior Notes due 2026.
  • The Notes offering is expected to close on March 4, 2026.
Feb 20, 2026, 8:16 PM
Cooper-Standard Announces Proposed Private Offering of Senior Secured First Lien Notes
CPS
Debt Issuance
  • Cooper-Standard Holdings Inc.'s wholly-owned subsidiary, Cooper-Standard Automotive Inc., announced a proposed private offering of $1.1 billion in aggregate principal amount of Senior Secured First Lien Notes due 2031.
  • The net proceeds from this offering, along with cash on hand, are intended to redeem all existing outstanding 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027, 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027, and 5.625% Senior Notes due 2026.
  • Conditional redemption notices have been issued for the existing notes, with a redemption date of March 4, 2026, at redemption prices of 102.250%, 101.410%, and 100.000% of the principal amount, respectively, plus accrued interest.
Feb 17, 2026, 1:31 PM
Cooper-Standard Subsidiary Announces Proposed $1.1 Billion Senior Secured Notes Offering
CPS
Debt Issuance
  • Cooper-Standard Automotive Inc., a wholly-owned subsidiary of Cooper-Standard Holdings Inc., plans to offer $1.1 billion in aggregate principal amount of Senior Secured First Lien Notes due 2031 in a private offering.
  • The net proceeds from this offering, along with cash on hand, will be used to redeem existing outstanding notes, including 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027, 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027, and 5.625% Senior Notes due 2026.
Feb 17, 2026, 1:26 PM
Cooper-Standard Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
CPS
Earnings
Guidance Update
New Projects/Investments
  • Cooper-Standard reported full-year 2025 sales of $2.74 billion, a 0.4% increase over 2024, and Adjusted EBITDA of $209.7 million, up from $180.7 million in 2024, which was at the high end of their most recent guidance range.
  • The company achieved positive free cash flow of $16.3 million for the full year 2025 and ended the year with over $352 million in total liquidity, including $191.7 million cash on hand.
  • In 2025, Cooper-Standard received $298 million in net new business awards, with 51% of these awards coming from Chinese OEMs and 74% related to battery, electric, or hybrid vehicle platforms.
  • For 2026, the company expects a sales increase of around 3% and aims to achieve a double-digit EBITDA margin for the full year.
  • Management targets reducing the Net Leverage Ratio to 2x or lower and tripling the Return on Invested Capital by 2028, with a refinancing transaction for outstanding debt anticipated in the near future.
Feb 13, 2026, 2:00 PM
Cooper-Standard Holdings Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
CPS
Earnings
Guidance Update
Debt Issuance
  • Cooper Standard reported Q4 2025 sales of $672 million and full year 2025 sales of $2.74 billion, with full year Adjusted EBITDA reaching $209.7 million, at the high end of their guidance.
  • The company achieved positive free cash flow of $16.3 million for the full year 2025 and ended the year with over $352 million in total liquidity, including $191.7 million cash on hand.
  • For 2026, Cooper Standard anticipates increased profitability and further margin expansion, targeting a double-digit EBITDA margin for the full year, supported by $298 million in net new business awards in 2025 and a strategy to grow revenue from Chinese OEMs.
  • Management is actively monitoring debt markets and targeting a refinancing transaction in the near future, ideally before the first and third lien notes become current in May and March, respectively.
Feb 13, 2026, 2:00 PM
Cooper-Standard Holdings Announces Q4 and Full Year 2025 Results with Strong 2026 Outlook
CPS
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Cooper-Standard Holdings reported full-year 2025 sales of $2,740.9 million and Adjusted EBITDA of $209.7 million, reflecting its best operational performance in company history with a +24% year-over-year improvement in Operating Income.
  • The company secured $298 million in net new business awards in 2025, with 74% related to innovation products and 74% on battery electric or hybrid programs.
  • For 2026, initial guidance projects sales between $2.7 billion and $2.9 billion and Adjusted EBITDA between $260 million and $300 million, with EBITDA Margin expected to reach double digits for the full year.
  • Strategic plans include doubling the fluids business and tripling sales to Chinese OEMs globally over the next five years.
Feb 13, 2026, 2:00 PM
Cooper-Standard Holdings Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
CPS
Earnings
Guidance Update
Debt Issuance
  • Cooper-Standard Holdings reported full-year 2025 sales of $2.74 billion, a 0.4% increase from 2024, with Adjusted EBITDA reaching $209.7 million. The company also achieved positive free cash flow of $16.3 million for the full year.
  • Operational improvements in 2025 generated $64 million in cost savings and the company secured $298 million in net new business awards.
  • For 2026, the company expects sales to increase by approximately 3% and targets a double-digit EBITDA margin for the full year, anticipating positive free cash flow.
  • Strategic growth focuses on China, aiming to increase revenue from Chinese OEMs to over 60% of its China revenue by 2030, and on battery, electric, or hybrid vehicle platforms, which accounted for 74% of 2025 new business awards.
  • The company is pursuing a debt refinancing transaction in the near future, ideally before its first lien and third lien notes become current in mid-May and mid-March, respectively.
Feb 13, 2026, 2:00 PM
Cooper-Standard Holdings Inc. Reports Q4 and Full Year 2025 Results and Issues 2026 Guidance
CPS
Earnings
Guidance Update
New Projects/Investments
  • Cooper-Standard Holdings Inc. reported Q4 2025 sales of $672.4 million, an increase of 1.8% compared to Q4 2024, and full-year 2025 sales of $2.74 billion, up 0.4% from 2024.
  • For Q4 2025, the company recorded net income of $3.3 million ($0.18 per diluted share) and Adjusted EBITDA of $34.9 million. Full-year 2025 resulted in a net loss of $4.2 million ($(0.23) per diluted share) and Adjusted EBITDA of $209.7 million.
  • The company generated $44.6 million in free cash flow in Q4 2025 and $16.3 million for the full year 2025. As of December 31, 2025, Cooper Standard had total liquidity of $352.6 million.
  • Cooper Standard issued initial 2026 guidance, projecting sales between $2.7 billion and $2.9 billion and Adjusted EBITDA between $260 million and $300 million, with an expectation for Adjusted EBITDA margin to reach or exceed 10% of sales for the full year.
  • In 2025, the company secured $297.9 million in net new business awards, with 74% related to battery electric and full-hybrid vehicle programs and 51% with Chinese OEM customers.
Feb 13, 2026, 12:42 PM