Cooper Standard Reports Third Quarter Loss Amid Inflationary Pressures
Cooper Standard saw third-quarter sales rise to $708.6 million, but bottom-line results were impacted by $19.2 million in restructuring costs and persistent inflation.
Cooper Standard reported third-quarter 2026 revenue of $708.6 million, a 1.9% increase over the same period in 2025. Despite the growth in sales, the company posted a net loss of $20.4 million, largely attributed to $19.2 million in restructuring charges incurred during the quarter.
CEO Jeffrey Edwards noted that the company continues to face significant pressure from commodity prices and general inflation. He stated that the firm is actively working with customers to refine commercial agreements to accelerate cost recovery, a move intended to de-risk operations and improve long-term value.
New business activity remained a highlight, with the company securing $148.8 million in net new awards during the quarter. Notably, $28.2 million of that volume is tied to battery electric and full-hybrid platforms, underscoring the company’s focus on shifting automotive market trends.
Adjusted EBITDA for the quarter was $52.8 million, slightly lower than the $53.3 million recorded in the third quarter of 2025. While manufacturing efficiencies and reduced administrative expenses provided some relief, these gains were largely offset by higher material costs and unfavorable production volumes.