Cooper-Standard Holdings Inc. reported robust operating performance and significant margin improvement for the first quarter of 2025 on May 1, 2025. Sales for Q1 2025 were $667.1 million, a 1.4% decrease year-over-year, primarily due to foreign exchange headwinds, partially offset by positive volume and mix.
Net income for the first quarter was $1.6 million, a substantial improvement from a net loss of $31.7 million in Q1 2024. Adjusted net income reached $3.5 million, compared to an adjusted net loss of $30.6 million in the prior year, driven by increased manufacturing and purchasing efficiency, royalty payments, and lower SGA&E expense.
Adjusted EBITDA more than doubled year-over-year, reaching $58.7 million in Q1 2025 compared to $29.3 million in Q1 2024. The company also secured $55.0 million in net new business awards during the quarter, primarily related to battery electric and hybrid vehicle platforms, indicating strong future growth potential.
As of March 31, 2025, Cooper Standard maintained solid liquidity with $140.4 million in cash and $300.1 million in total liquidity. Management expressed confidence in continuing to improve business and results through operational efficiencies and innovation, despite market turbulence and trade-related uncertainty.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.