Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 66

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 expense or cash requirements necessary to service interest or principal payments under our ABL Facility, First Lien Notes, Third Lien Notes, and 2026 Senior Notes;

•they do not reflect certain tax payments that may represent a reduction in cash available to us;

•although depreciation and amortization are non-cash charges, the assets being depreciated or amortized may have to be replaced in the future, and EBITDA and Adjusted EBITDA do not reflect cash requirements for such replacements; and

•other companies, including companies in our industry, may calculate these measures differently and, as the number of differences in the way companies calculate these measures increases, the degree of their usefulness as a comparative measure correspondingly decreases.

In addition, in evaluating Adjusted EBITDA, it should be noted that in the future, we may incur expenses similar to 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.

34

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

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(Dollar amounts in thousands)Net loss attributable to Cooper-Standard Holdings Inc.$(7,644)$(11,057)$(7,493)$(118,960)Income tax expense3,864 2,861 14,648 15,072 Interest expense, net of interest income28,614 29,125 85,945 87,041 Depreciation and amortization24,883 25,916 73,232 78,252 EBITDA$49,717 $46,845 $166,332 $61,405 Restructuring charges 3,535 1,516 8,498 20,430 Gain on sale of businesses, net (1)— — (98)— Pension settlement (credit) charge (2)— (2,216)— 44,571 Adjusted EBITDA$53,252 $46,145 $174,732 $126,406 

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

(2)Pension credit and one-time, non-cash settlement charge and administrative fees incurred related to the termination