Overview

* Cooper Standard ( CPS ) Q3 sales rose 1.5% yr/yr but missed analyst expectations

* Adjusted net loss improved yr/yr but missed analyst estimates

* Adjusted EBITDA increased yr/yr but missed analyst expectations

Outlook

* Cooper Standard ( CPS ) revises full-year sales guidance to $2.68 bln - $2.72 bln

* Company expects 2025 adjusted EBITDA of $200 mln - $210 mln

* Company cites strong demand for light vehicle production despite disruptions

Result Drivers

* SALES GROWTH DRIVERS - Sales increased 1.5% due to favorable foreign exchange and volume mix, partially offset by customer price adjustments

* EFFICIENCY IMPROVEMENTS - Improved adjusted net loss driven by increased manufacturing and purchasing efficiency and favorable foreign exchange

* CASH FLOW INCREASE - Operating cash flow increased by $10.8 mln due to improved operating earnings and positive net change in working capital

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $695.5 $705.23

mln mln (3

Analysts

)

Q3 Miss -$4.4 $3.9 mln

Adjusted mln (2

Net Analysts

Income )

Q3 Net -$7.6

Income mln

Q3 Miss $53.3 $60.46

Adjusted mln mln (3

EBITDA Analysts

)

Q3 Gross $87.1

Profit mln

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 ( CPS ) is $37.00, about 4.2% below its October 29 closing price of $38.56

Press Release:

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(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.)