Cooper-Standard Reports Q1 Net Loss of $33.3M, Increased Cash Burn, and $24.2M Refinancing Loss
CPS sits 58% above its 52-week low of $19.32 on elevated volume (1.8× avg).
Summary
Cooper-Standard Holdings Inc. reported a net loss of $33.3 million for Q1 2026, a significant decline from a net income in the prior year, primarily due to a $24.2 million loss from debt refinancing and increased cash used in operations.
Key Events · Earnings and Guidance · CPS
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Q1 Net Loss Reported
The company posted a net loss of $33.3 million for the first quarter of 2026, a significant reversal from a net income of $1.6 million in Q1 2025.
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Significant Debt Refinancing Loss
A $24.2 million loss was recognized from the refinancing and extinguishment of debt, which involved issuing $1.1 billion in new Senior Secured First Lien Notes due 2031 to redeem prior notes, extending maturities but incurring substantial premiums and fees.
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Increased Cash Used in Operations
Net cash used in operating activities surged to $69.2 million in Q1 2026, compared to $14.9 million used in Q1 2025, indicating a worsening operational cash flow.
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Modest Sales Growth Amidst Unfavorable Mix
Sales increased by 2.9% to $686.4 million, driven by favorable foreign exchange rates but partially offset by unfavorable volume and mix.
Analysis · CPS · Manufacturing
This 10-Q reveals a challenging quarter for Cooper-Standard, marked by a significant net loss and a substantial increase in cash used for operations. While the debt refinancing successfully extended maturities, the associated one-time loss contributed heavily to the quarterly deficit. The worsening operational cash flow, coupled with a negative industry outlook for light vehicle production, suggests ongoing headwinds for the company. Investors should monitor the company's ability to improve operational efficiency and manage its cash position amidst a declining market.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1009 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CPS was trading at $30.49 on NYSE in the Manufacturing sector, with a market capitalization of approximately $541.4M. The 52-week trading range was $19.32 to $47.98. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.