News Summary
Cooper-Standard Holdings Inc. announced a $1.4 million loss for the second quarter, impacting earnings per share. Despite this, adjusted earnings showed improvement, and total revenue reached $706 million. The company’s recovery is attributed to better manufacturing efficiency and new business awards in the electric vehicle sector. CEO Jeffrey Edwards remains optimistic about growth in light vehicle demand despite market challenges. A conference call is scheduled for May to discuss future strategies and performance outlook.
Northville, MI – Cooper-Standard Holdings Inc. has announced a loss of $1.4 million for the second quarter of 2025, which translates to 8 cents per share. This financial setback comes as the company continues to navigate a challenging market environment. In contrast to the reported loss, adjusted earnings, which exclude restructuring costs, stood at 6 cents per share for the same quarter. Total revenue for the second quarter reached $706 million.
Comparatively, the first quarter of 2025 yielded sales of $667.1 million, a slight drop from $676.4 million in the first quarter of 2024. Despite the decline, Cooper-Standard experienced a net income of $1.6 million in Q1 2025, which marked a significant recovery from a net loss of $31.7 million during the equivalent period in 2024. Adjusted net income also improved to $3.5 million from a net loss of $30.6 million in Q1 2024.
The considerable year-over-year improvement in adjusted net income is attributed to enhanced efficiency in manufacturing processes and purchasing strategies. Although sales dipped by 1.4% in Q1 2025—primarily due to adverse foreign exchange fluctuations—the company’s adjusted EBITDA witnessed a remarkable rise to $58.7 million, compared to just $29.3 million the previous year.
Furthermore, Cooper-Standard secured new business awards totaling $55 million in the first quarter, largely stemming from projects focused on battery electric and hybrid vehicle platforms. This development highlights the company’s position as a key player in the growing electric vehicle market.
As of March 31, 2025, Cooper-Standard reported cash and cash equivalents amounting to $140.4 million. Total liquidity, which includes accessible credit facilities, stood at $300.1 million at the end of the first quarter. The company is optimistic it can sustain its operational capabilities and strategic ventures, bolstered by anticipated demand for light vehicle production in the near future.
CEO Jeffrey Edwards has expressed confidence that the company will successfully navigate current market challenges while working to increase profit margins. Despite looming concerns regarding potential tariffs that could impact trade, Cooper-Standard remains positive about the demand for its products, especially in the sector of electric and hybrid vehicles.
In order to provide further insights on these financial results and future strategies, Cooper-Standard is scheduled to host a conference call on May 2, 2025. Investors will have the opportunity to hear updates directly regarding the company’s performance and outlook for the coming quarters.
As the automotive industry continues to evolve with a significant shift towards electric mobility and sustainable solutions, Cooper-Standard’s latest results reflect both the challenges it faces and the potential for growth in emerging markets.
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Additional Resources
- NH Register: Cooper-Standard Q2 Earnings Snapshot
- Wikipedia: Cooper-Standard Holdings
- CT Post: Cooper-Standard Q2 Earnings Snapshot
- Google Search: Cooper Standard Holdings
- PR Newswire: Cooper Standard Reports Robust Operating Performance
- Encyclopedia Britannica: Automotive Industry
- Rubber News: Cooper Standard Poised to Grow EVs and Hybrids
- Google News: Cooper Standard
Author: STAFF HERE NORTHVILLE WRITER
The NORTHVILLE STAFF WRITER represents the experienced team at HERENorthville.com, your go-to source for actionable local news and information in Northville, Wayne County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Summer Concert Series, Tunes on Tuesday, and the Northville Farmers Market. Our coverage extends to key organizations like the Northville Chamber of Commerce and Northville Community Foundation, plus leading businesses in automotive, software, and retail that power the local economy such as Gentherm, Reliable Software, and Attendance on Demand. As part of the broader HERE network, including HEREDetroitMI.com, HEREGrandRapids.com, HERENovi.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.
