Cooper-Standard Holdings Inc. (CPS) SEC Filings & Earnings Calls

No new risk signals beyond existing debt structure; amendment reduces near-term refinancing risk.

“Extension of maturity to 2031 and increased commitments reduce liquidity risk.”

Inflationary cost pressures and tariffs impacting margins.

“higher material costs, general inflationary pressures, unfavorable volume and mix, and increased customs duties and tariffs” · word for word

Raw material cost inflation

“During the second quarter of 2026, we experienced a significant spike in raw material costs, primarily but not exclusively related to petroleum-derived products.” · word for word

Tariff cost pressure

“The cost increases were driven by $7.9 million of increased tariff expense...” · word for word

Geopolitical disruption risk

“geopolitical instability in the Middle East during the first six months of 2026 has contributed to higher oil prices and disruptions along major global shipping routes.” · word for word

Restructuring execution risk

“Restructuring charges for the three months ended June 30, 2026 increased $14.2 million compared to the three months ended June 30, 2025.” · word for word

Geopolitical Instability and Middle East Conflict

“geopolitical instability in the Middle East during the first three months of 2026 has contributed to higher oil prices and disruptions along major global shipping routes.” · word for word

Tariff and Trade Policy Uncertainty

“shifts in U.S. trade policy, including the implementation of significant new tariffs on a broad range of imported goods, automobiles included.” · word for word

High Interest Rates and Consumer Debt

“Persistently high interest rates, elevated prices for energy and consumer goods, and rising levels of consumer debt are further weighing on overall economic activity.” · word for word

Raw Material Inflation

“higher inflation of labor and overhead” · word for word

Customer supply chain disruptions and tariff policy uncertainty

“customer supply chain disruptions, changing trade and tariff policies, geopolitical issues and affordability concerns have impacted and may continue to impact production forecasts” · word for word

Unfavorable volume and mix impact on profitability

“unfavorable volume and mix, the non-recurrence of certain royalty payments received in the first quarter of 2025, and general cost inflation” · word for word

Debt refinancing loss

“loss of $24.2 million related to the successful debt refinancing completed during the quarter” · word for word

Industry production volume headwinds

“despite industry production volumes that resulted in flat sales for 2025 compared to 2024” · word for word

Wage and general economic inflationary increases

“headwinds from wage and general economic inflationary increases and lower production volumes and mix” · word for word

Lower production volumes and mix

“headwinds from wage and general economic inflationary increases and lower production volumes and mix” · word for word

High coupon debt issuance (9.250%) signals elevated credit risk and potential financial stress.

“Issued $1,100,000,000 aggregate principal amount of its 9.250% Senior Secured First Lien Notes due 2031.” · word for word

Covenant restrictions on additional indebtedness, dividends, and investments may constrain financial flexibility.

“The Indenture contains certain covenants that limit the Issuer's and its restricted subsidiaries' ability to, among other things, incur or guarantee additional indebtedness or issue certain preferred stock; incur liens on assets, pay dividends or make other distributions.” · word for word

High coupon (9.25%) on secured notes indicates elevated credit risk and potential financial distress.

“9.250% Senior Secured First Lien Notes due 2031” · word for word

Extensive risk factor disclosure including tariff exposure, supply chain disruptions, and auto industry cyclicality.

“changes in U.S. or foreign trade policies, including the imposition of tariffs on imported goods and other trade restrictions” · word for word

High leverage and refinancing risk; existing notes have high coupons (13.50% first lien, 5.625% third lien/unsecured).

“Existing First Lien Notes at 13.50% Cash Pay / PIK Toggle; Existing Third Lien Notes at 5.625% Cash Pay / 10.625% PIK Toggle; Existing Unsecured Notes at 5.625%.”

Offering subject to market conditions; redemption conditional on successful refinancing.

“The Offering is subject to market conditions and other factors... Each such notice of redemption is conditioned upon the consummation by the Issuer of one or more refinancing transactions” · word for word

Customer concentration

“Sales to our three largest customers, Ford, GM, and Stellantis, on a worldwide basis represented approximately 56% of our sales for the year ended December 31, 2025.” · word for word

High leverage

“As of December 31, 2025, we had total indebtedness of $1,104.6 million.” · word for word

Pricing pressure from OEMs

“The automotive industry continues to experience aggressive pricing pressure from customers. Vehicle manufacturers often seek price reductions in both the initial bidding process and during the term of the contract.” · word for word

Customer production disruption impacted Q4 results, highlighting supply chain vulnerability.

“manufacturing inefficiencies stemming from a customer supply chain and production disruption” · word for word

Higher wages and general inflation continue to pressure margins.

“higher wages and general inflation cited as negative factor”

U.S. Trade Policy Uncertainty

“ongoing changes in U.S. trade policy, including the implementation of significant tariffs on imported goods, along with a recent fire at a production facility for a major automotive aluminum supplier, are contributing to economic risks and uncertainty.” · word for word

North America Consumer Weakness

“In North America, consumer confidence in the United States remains subdued, with certain indices reaching their lowest levels in over a decade.” · word for word

Aluminum Supply Disruption

“a recent fire at a production facility for a major automotive aluminum supplier, are contributing to economic risks and uncertainty.” · word for word

Customer production disruptions and tariff policy uncertainty could impact near-term performance

“temporary customer production disruptions in the fourth quarter; changing trade and tariff policies” · word for word