CPS earnings analysis
What we found in CPS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Cooper-Standard reported Q1 2026 earnings with revenue of $686.4 million, surpassing estimates, but posted a higher-than-expected loss per share of $(0.29). The company faces challenges from high debt refinancing costs and operational losses despite small revenue growth year-over-year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth Amid Challenges
- Revenue increased 2.9% year-over-year to $686.4 million, exceeding estimates of $657 million.
- Improved Gross Margin
- Gross margin improved to 12.0% from 11.6% in the prior year, reflecting operational savings.
- Fluid Handling Systems Segment Strong
- Fluid Handling Systems segment revenue grew by $13.9 million to $317.9 million driven by favorable volume and mix.
- Effective Cost Management Initiatives
- Lean initiatives contributed to operational savings, offsetting a portion of higher inflation in labor costs.
- Debt Refinancing Completed
- Successfully completed refinancing transactions, although incurring $24.2 million in losses.
- Cash Flow Improvement in Investing Activities
- Capital expenditures increased to $24 million from $17.5 million Y/Y, part of disciplined spending approach.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Net Loss
- Q1 2026 recorded a net loss of $(33.3) million compared to a profit of $1.6 million in Q1 2025.
- Negative Operating Cash Flow
- Net cash used in operations was $69.2 million in Q1 2026, a deterioration from $(14.9) million in Q1 2025.
- High Interest Burden
- Interest expense increased significantly to $28.3 million, reflecting the impact of recent refinancing actions.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.29
- Gross margin
- 12.0%
- Operating margin
- 3.5%
- Segment
- Sealing Systems segment: $348.3M; Fluid Handling: $317.9M
What they said about what is next.
The company anticipates a challenging operating environment for 2026 but aims to meet or exceed its targets, with more guidance expected in Q2 results.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 13, 2026
- Cooper‑Standard (CPS) positions itself as a global leader in sealing systems and a top supplier in fluid handling, emphasizing operational excellence (CSOS), digital/AI adoption and materials innovation (Fortrex®,…
- 10-Q · August 1, 2025
- Cooper‑Standard reported Q2 sales of $705.973M, essentially flat vs. Q2 2024 ($708.362M) while gross profit improved to $93.051M (13.2% margin) and operating income rose to $37.279M (5.3% margin). GAAP diluted loss per…
- 10-K · February 16, 2024
- The 2023 10-K emphasizes Cooper‑Standard’s market leadership in sealing and fluid-handling products, its R&D-driven product roadmap (Fortrex™, PlastiCool®, etc.) and ongoing operational programs (CSOS) that management…
- 10-Q · November 3, 2023
- Cooper-Standard reported Q3 sales of $736,038,000, up $78,885,000 (12.0%) year-over-year, delivering gross profit of $106,534,000 (14.5% margin) and operating profit of $52,658,000 versus an operating loss of…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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