Company: CPS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001320461-25-000087
Chunk: 15

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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Item 1.         Financial Statements

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(Dollar amounts in thousands except per share amounts)

 Three Months Ended March 31, 20252024Sales$667,069 $676,425 Cost of products sold589,891 614,782 Gross profit77,178 61,643 Selling, administration & engineering expenses51,191 55,366 Amortization of intangibles1,612 1,661 Restructuring charges2,111 1,133 Operating income22,264 3,483 Interest expense, net of interest income(28,619)(29,281)Equity in earnings of affiliates1,776 2,270 Other income (expense), net8,884 (3,649)Income (loss) before income taxes4,305 (27,177)Income tax expense2,703 4,131 Net income (loss)1,602 (31,308)Net income attributable to noncontrolling interests(50)(352)Net income (loss) attributable to Cooper-Standard Holdings Inc.$1,552 $(31,660)Income (loss) per share:Basic$0.09 $(1.81)Diluted$0.09 $(1.81)

The accompanying notes are an integral part of these financial statements.

3

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited)

(Dollar amounts in thousands)

Three Months Ended March 31,20252024Net income (loss)$1,602 $(31,308)Other comprehensive income (loss):Currency translation adjustment6,383 (7,108)Benefit plan liabilities adjustment, net of tax(720)153 Fair value change of derivatives, net of tax3,923 3,541 Other comprehensive income (loss), net of tax9,586 (3,414)Comprehensive income (loss)11,188 (34,722)Comprehensive income attributable to noncontrolling interests(7)(489)Comprehensive income (loss) attributable to Cooper-Standard Holdings Inc.$11,181 $(35,211)

The accompanying notes are an integral part of these financial statements.

4

COOPER-STANDARD HOLDINGS INC.