Cooper Standard Q3 sales rise, slightly beat estimates
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
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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.)