Cooper Standard Q3 sales rise, slightly beat estimates

By Reuters News


Overview

  • US auto parts supplier's Q3 sales rose 1.9% yr/yr, slightly beating analyst expectations

  • Company faced higher-than-expected inflation and commodity cost headwinds in Q3


Outlook

  • Cooper Standard now sees 2026 sales at $2.75-$2.85 bln, up from $2.7-$2.9 bln

  • Company lowers 2026 adjusted EBITDA forecast to $235-$245 mln from $265-$295 mln

  • Cooper Standard raises 2026 capital expenditure guidance to $65-$70 mln from $60-$70 mln


Result Drivers

  • VOLUME, MIX AND PRICING - Co said Q3 sales rose mainly due to favorable volume, mix and price adjustments despite lower global vehicle production

  • COST SAVINGS - Lower compensation, manufacturing and purchasing efficiencies, and reduced SGA&E expense helped offset higher material costs and inflation

  • INFLATION AND MATERIAL COSTS - Co said higher-than-expected inflation and commodity costs weighed on Q3 results


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Slight Beat*

$708.60 mln

$704.13 mln (3 Analysts)

Q3 Adjusted Net Income

Miss

-$2.10 mln

$9.08 mln (3 Analysts)

Q3 Net Loss

$20.40 mln

Q3 Adjusted EBITDA

Miss

$52.80 mln

$64.13 mln (3 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

  • Wall Street's median 12-month price target for Cooper-Standard Holdings Inc. is $32.00, about 55.8% above its November 3 closing price of $20.54

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Nov 3 - Aptiv Q3 revenue rises on regional sales growth

  • Nov 3 - Schaeffler to cut 3,460 jobs, shut five European plants as auto slump bites

  • Nov 2 - Forvia quarterly revenue broadly stable despite auto market weakness


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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