Cooper-Standard (CPS) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 9:44 AM CDT 23 min read

Image source: The Motley Fool.

DATE

Thursday, May 7, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Jeffrey S. Edwards

• Executive Vice President and Chief Financial Officer — Jonathan P. Banas

• Director, Investor Relations — Roger Hendriksen

Need a punctuation from a Motley Fool analyst? Email [email protected]

Full Conference Call Transcript

Jeffrey S. Edwards: Thanks, Roger. Good morning, everyone. We admit the accidental to reappraisal our archetypal 4th results and supply an update connected our concern and the outlook going forward. To statesman connected descent 5, I would similar to item immoderate of the cardinal archetypal 4th information points that we judge are reflective of our continuing outstanding operational show and our ongoing committedness to our halfway institution values. In presumption of operations and lawsuit service, we started 2026 with the aforesaid beardown level of show that we had successful 2025, ending the archetypal 4th with 99% greenish lawsuit scorecards for prime and service. For caller programme launches, we besides proceed to present beardown performance, with 97% of our lawsuit scorecards being green.

Our works managers and our works employees proceed to present outstanding show and worth for our customers done their dedication and committedness to excellence. And, arsenic always, our astir important operating metric, information performance, continues to beryllium excellent. In fact, successful the archetypal quarter, we had a full incidental complaint of conscionable 0.18 reportable incidents per 200,000 hours worked, good beneath the world-class benchmark of 0.35. Importantly, 48 of our plants maintained a cleanable information record, with a full incidental complaint of zero for the archetypal 3 months of the year. That is 84% of each of our accumulation facilities achieving a cleanable information score, demonstrating that our eventual extremity of zero information incidents is achievable.

We are surely arrogant of our full planetary squad for their absorption and accomplishment successful this important operating measure. In presumption of outgo optimization, we had different coagulated quarter, with our manufacturing and purchasing teams delivering $17 cardinal of savings done thin initiatives and different cost-saving programs. These outgo reductions and operating efficiencies, combined with gross maturation successful the quarter, allowed america to execute a coagulated 40 ground constituent betterment successful gross borderline versus the archetypal 4th of past year. As a result, contempt immoderate of the marketplace headwinds we person been seeing, we proceed to thrust profitable maturation and borderline enlargement done the execution of our plans and strategies.

Finally, we are continuing to leverage world-class service, method capabilities, and our award-winning innovations to triumph important caller business. During 2026, we received $128 cardinal successful nett caller concern awards, which are expected to thrust profitable maturation arsenic they motorboat implicit the adjacent fewer years. I volition speech much astir the value of our caller concern awards successful a fewer minutes. Turning to descent 6, arsenic we person made terrific improvements successful our operating metrics and profitability implicit the past fewer years, we surely person not mislaid show of the value of being a bully firm citizen. We proceed to enactment connected processing and delivering merchandise and worldly solutions for our customers that assistance them execute their biology goals.