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®,…
Earnings analysis · 10-Q
CPS earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
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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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.29
- Segment
- Sealing Systems segment: $348.3M; Fluid Handling: $317.9M
What stood out
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Revenue Growth Amid Challenges
Revenue increased 2.9% year-over-year to $686.4 million, exceeding estimates of $657 million.
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Improved Gross Margin
Gross margin improved to 12.0% from 11.6% in the prior year, reflecting operational savings.
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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.
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Effective Cost Management Initiatives
Lean initiatives contributed to operational savings, offsetting a portion of higher inflation in labor costs.
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Debt Refinancing Completed
Successfully completed refinancing transactions, although incurring $24.2 million in losses.
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Cash Flow Improvement in Investing Activities
Capital expenditures increased to $24 million from $17.5 million Y/Y, part of disciplined spending approach.
What to watch
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Significant Net Loss
Q1 2026 recorded a net loss of $(33.3) million compared to a profit of $1.6 million in Q1 2025.
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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.
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High Interest Burden
Interest expense increased significantly to $28.3 million, reflecting the impact of recent refinancing actions.
Management's outlook
The company anticipates a challenging operating environment for 2026 but aims to meet or exceed its targets, with more guidance expected in Q2 results.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.