Cooper Standard Posts Higher Second-Quarter Sales as Earnings Decline

Cooper Standard, an automotive supplier, has reported higher second-quarter sales but lower earnings due to higher raw material costs, inflation, and tariffs. For the three months ended June 30, sales increased 2.2% year-on-year to $721 million, while adjusted earnings (EBITDA) fell 14.2% to $54 million. The decline in earnings was primarily driven by higher material costs, general inflationary pressures, unfavourable volume and mix, and increased customs duties and tariffs. The company’s sealing systems business saw sales decline by 2.9% year-on-year to $354 million, while adjusted earnings fell 35.2% to $26 million. In contrast, the fluid handling systems segment delivered stronger performance, with sales rising 7% to $345 million and adjusted earnings increasing 3.3% to $27.9 million. Cooper Standard secured $118.4 million in net new business awards during the quarter, including $36.6 million linked to battery electric and full-hybrid vehicle platforms. The company remains on track to achieve its sales and profitability targets for the full year, with expected sales of between $2.7 and $2.9 billion and adjusted earnings of between $260 and $300 million.