Cooper-Standard Holdings Inc. (CPS) Earnings
Cooper-Standard Holdings Inc. is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $0.58. CPS has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise -50.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.16 | $-0.29 | -81.2% | $686M | +4.0% |
| Feb 12, 2026 | $-0.95 | $-1.73 | -82.1% | $672M | -4.5% |
| Oct 30, 2025 | $0.50 | $-0.24 | -148.0% | $696M | +4.2% |
| Jul 31, 2025 | $-0.59 | $0.06 | +110.2% | $706M | +9.5% |
| May 1, 2025 | $-0.58 | $0.19 | +132.8% | $667M | -6.5% |
| Feb 13, 2025 | $0.06 | $-0.16 | -366.7% | $661M | -2.8% |
| Oct 31, 2024 | $-1.18 | $-0.68 | +42.4% | $685M | +0.8% |
| Aug 1, 2024 | $-2.09 | $-0.64 | +69.4% | $708M | -3.7% |
| Feb 15, 2024 | $-0.79 | $-1.79 | -126.6% | $674M | -2.8% |
| Nov 2, 2023 | $-0.82 | $0.85 | +203.7% | $736M | +5.9% |
| Aug 3, 2023 | $-1.86 | $-1.15 | +38.2% | $724M | +5.7% |
| May 3, 2023 | $-1.89 | $-2.68 | -41.8% | $682M | +5.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- The company has increased gross profit margins by 160 basis points over the past two years through driving sustainable efficiencies and fixed cost reductions. Cost optimizations are benefiting from the continuing launches of new programs and products with enhanced variable contribution margins, replacing older programs with lower margins on average. - In the ceiling segment, it is using leading technologies, expertise, and innovation to capture more share and profitability, and has deployed digital tools in manufacturing to improve efficiencies and asset utilization. - In the fluid handling segment, it has a portfolio of products and innovations to take advantage of powertrain changes in different regions and has a long - term goal to double the business. - In the first quarter, the company received $128 million in net new business awards, which is ahead of the quarter plan and the company has the capacity to launch much of this new business with minimal incremental capital investment. - Despite continued disruptions in the industry and ongoing uncertainty in the global economy, the company delivered results exceeding the original operating plan. It is optimistic that certain headwinds could turn into tailwinds in the back half of the year, and if the military actions in the Middle East are resolved, it would have a positive effect on consumer sentiment and demand globally. The company is focused on delivering value for customers, optimizing operations globally, and executing strategic plans to drive profitable growth, expand margins, and maximize return on invested capital.
Guidance
- The company believes it will continue to expand margins in 2026 and beyond even if production volumes remain flat and would leverage any increase in production volume to drive further profitability and returns. - In the first quarter, it received $128 million in net awards, ahead of the quarter plan, and is on track to achieve the full - year goal of over $400 million in net new business awards. - The company expects to provide a more formal update on guidance in conjunction with its second quarter results. - It believes it is on track to achieve or exceed the full - year targets set out in February and is solidly on track to achieve its longer - term strategic financial targets for adjusted EBITDA margins and return on invested capital.
Segment performance
Over the past two years, the company has increased its gross profit margins by 160 basis points despite reduced or flat production volumes in its two largest operating regions. This includes the impact from a customer supply chain disruption in North America. In the ceiling segment, which is already the global leader in the industry, it is leveraging leading technologies, expertise, and innovation to capture additional share and profitability, and has deployed sophisticated digital tools in manufacturing facilities to drive further efficiencies and improved asset utilization. In the fluid handling segment, it has an unmatched portfolio of products and innovations, well - positioned to take advantage of powertrain changes in different regions. Its longer - term strategic target is to double the Fluids business within the next five to seven years. In the first three months of the year, the company received $128 million in net awards, which was ahead of the quarter plan, putting it in a strong position to achieve the full - year goal of over $400 million in net new business awards.
Risks & headwinds
- Industry - wide disruptions and ongoing uncertainty in the global economy. - Uncertainty from military actions in the Middle East. - Impact of higher input costs such as oil prices and aluminum prices, although the company is fairly well protected with contractual mechanisms with customers, but there is a lag when it comes to spend versus the timing of recovery.
Analyst Q&A
Q: A nice step up in new business from 181 in 2024 to 298 million in 2025, now 128 million in 1Q. Please give a split between how much of that is within ceiling or fluid and for 2025 as well?
A: The $128 million booked in Q1, about 60% of that is fluid, 40% is sealing. Around 50% of it is North America - based and a large percentage is China - based. Last year, ceiling actually had more of the nearly 300 million of net new business than fluid.
Q: Can you discuss sort of the impact higher input costs are expected to have on margins this year? How should we think about that?
A: When thinking about higher oil and aluminum prices, the company is fairly well protected with over 70% covered on contractual indexes with customers or negotiate regularly to claw back increases. There was not a significant impact in inflationary pressures in Q1 due to the timing of oil price ramp up, but expect a headwind in Q2 and then recoveries will come online in sequential recovery cadence.
Q: On slide 16, 74% related to innovation products, which are materially higher margin than existing average margins. Could you quantify how much more profitable they are?
A: The company has been consistent with targeting hurdle rates and achieving them as it books net new business. Innovation products provide customers with cost down, lightweighting, and recycling opportunities, and the company expects those numbers to continue to improve as it rolls out the next five years plan.
Q: Have you seen any change in schedules since gasoline prices went up?
A: The volumes in the business plan are basically on plan so far. As long as the Middle East conflict gets resolved in short order, it is expected to be a tailwind in the second half. If not, it is hard to say, but so far well positioned for the first half and will be well positioned for the second half if the conflict is resolved.
Q: As for the bridge from 2025 to 2026, could we get a sense if margin improvement is coming more from business wins, lean, or pricing? And about the cadence of new business from high - growth Chinese OEMs?
A: Margin improvement comes from a combination of things like lean manufacturing, purchasing improvements, and business wins. Teams in both sealing and fluid business have detailed plans. Related to net new business from high - growth Chinese OEMs, when talking about 2027 - 2028, 85% - 95% of it is already booked, so the company knows the prices, costs, and investments, which gives credence to margin expansion forecasting.