---
schema_version: "secwatch.filing_event.v1"
accession: "0001320461-23-000075"
form_type: "8-K"
ticker: "CPS"
cik: "0001320461"
company_name: "Cooper-Standard Holdings Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:01:20.537936+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cooper-Standard Q1 sales up 11% to $682.5M; net loss widens to $130.4M on $81.9M debt refinancing charge

## Summary
- Sales $682.5M (+11.3% YoY) driven by volume/mix and inflation recovery; gross profit up 94% to $41.8M.
- Net loss $130.4M ($7.57/sh) includes $81.9M loss on debt refinancing; adjusted net loss $46.2M ($2.68/sh).
- Adjusted EBITDA $12.5M vs $0.1M YoY; margin improved ~180 bps on volume, price adjustments, and lean savings.
- Quarter-end cash $105.8M; total liquidity $254.8M. Expects further inflation recovery and price adjustments.
- Secured ~$18M in net new annualized EV platform awards during Q1 2023.

## SEC filing metadata
- accession: 0001320461-23-000075
- form_type: 8-K
- ticker: CPS
- cik: 0001320461
- company_name: Cooper-Standard Holdings Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000075/0001320461-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000075/cps-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001320461-23-000075
- JSON: https://secwatch.observer/filing/0001320461-23-000075.json
- Plain text: https://secwatch.observer/filing/0001320461-23-000075.txt

## Key facts
- Earnings Releases
  Cooper-Standard Holdings Inc. reported the first quarter ended March 31, 2023 results: revenue $682.5 million, net income $(130.4) million, EPS $(7.57) per diluted share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $682.5 million
  - Net income: $(130.4) million
  - EPS: $(7.57) per diluted share
  - Result: reported results
  source text: Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the first quarter 2023. First Quarter 2023 Summary • Sales totaled $682.5 million, an increase of 11.3% compared to first quarter 2022 • Gross profit of $41.8 million, an increase of 94.2% compared to first quarter 2022 • Net loss of $130.4 million or $(7.57) per diluted share included $81.9 million loss on refinancing and extinguishment of debt
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000075/0001320461-23-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.