Q3 2025 Cooper-Standard Holdings Inc Earnings Call Transcript
Key Points
- Cooper-Standard Holdings Inc (CPS) achieved a 99% green score on customer scorecards for quality and service, indicating strong operational performance.
- The company reported a 140 basis point improvement in gross margin compared to the third quarter of the previous year.
- Cooper-Standard Holdings Inc (CPS) secured $96 million in net new business awards during the third quarter, contributing to future growth.
- The company achieved $18 million in savings through lean initiatives and cost-saving programs, enhancing operational efficiency.
- Safety performance was excellent, with a total incident rate of 0.28 recordable incidents per 200,000 hours worked, below the world-class benchmark.
- Cooper-Standard Holdings Inc (CPS) reported a net loss of $7.6 million in the third quarter, although this was an improvement from the previous year's loss.
- The company faced $5 million in unfavorable volume and mix, including customer price adjustments and short-term production disruptions.
- Increased costs in wages and general inflation amounted to $6 million, impacting overall expenses.
- Higher SG&A expenses, primarily due to stock price appreciation adjustments, increased by $6 million.
- The company revised its full-year guidance downward due to expected impacts from temporary reductions in customer production volumes.
Good morning, ladies and gentlemen, and welcome to the Cooper Standard third quarter 2025 earnings conference call. (Operator Instructions)
I would now like to turn the call over to Roger Hendrickson, director of Investor Relations.
Thanks, Danny, and good morning, everyone. We appreciate you spending some time with us this morning.
The members of our leadership team who will be speaking with you on the call this morning are Jeff Edwards, Chairman and Chief Executive Officer, and John Bani, Executive Vice President and Chief Financial Officer.
Before we begin, I need to remind you that this presentation contains forward-looking statements.
While they are made based on current factual information and certain assumptions and plans that management currently believes to be reasonable, these statements do involve risks and uncertainties.
For more information on forward-looking statements, we ask that you refer to Slide 3 of this
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