Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 15

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 the adjustments in the below presentation. Our presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by special items.

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The following table provides a reconciliation of EBITDA and Adjusted EBITDA from net (loss) income, which is the most comparable financial measure in accordance with U.S. GAAP:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(Dollar amounts in thousands)Net (loss) income attributable to Cooper-Standard Holdings Inc.$(1,401)$(76,243)$151 $(107,903)Income tax expense8,081 8,080 10,784 12,211 Interest expense, net of interest income28,712 28,635 57,331 57,916 Depreciation and amortization24,521 25,873 48,349 52,336 EBITDA$59,913 $(13,655)$116,615 $14,560 Restructuring charges 2,852 17,781 4,963 18,914 Gain on sale of businesses, net (1)— — (98)— Pension settlement charge (2)— 46,787 — 46,787 Adjusted EBITDA$62,765 $50,913 $121,480 $80,261 

(1)Gain on sale of businesses related to divestiture in 2024.

(2)    One-time, non-cash pension settlement charge and administrative fees incurred related to the termination of our U.S. Pension Plan in 2024.

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Contingencies and Environmental Matters

The information concerning contingencies, including environmental contingencies and the amount currently held in reserve for environmental matters, contained in Note 15. “Commitments and Contingencies” to the unaudited condensed consolidated financial statements included in Part I, Item 1 of this Report, is incorporated herein by reference.

Critical Accounting Estimates

There have been no significant changes in our critical accounting estimates during the six months ended June 30, 2025.

Forward-Looking Statements

This quarterly report on Form 10-Q includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “