Full-Time
No salary listed
Muskegon, MI, USA
In Person
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Novi, Michigan
Founded
1960
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Health Insurance
401(k) Retirement Plan
Remote Work Options
Flexible Work Hours
Paid Vacation
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Cooper-Standard Holdings has priced a private offering of $1.1 billion in Senior Secured First Lien Notes with a 9.250% interest rate, due in 2031. The notes are issued by subsidiary Cooper-Standard Automotive and guaranteed by CS Intermediate HoldCo 1 and several domestic subsidiaries, with additional unsecured guarantees from Cooper-Standard Latin America. The offering, targeted at qualified institutional buyers under Rule 144A and Regulation S, is scheduled to close on 4 March 2026. Proceeds will primarily redeem existing debt obligations, including 13.50% Senior Secured First Lien Notes, aiming to reduce the company's overall debt burden. Cooper Standard operates in 20 countries with approximately 22,000 employees, specialising in sealing and fluid handling systems for the automotive industry.
Cooper Standard reported fourth quarter 2025 sales of $672.4 million, up 1.8% year-over-year, though operating income fell to $0.6 million from $31.7 million due to customer supply chain disruptions. The automotive supplier generated strong cash flow with $56.2 million from operations and $44.6 million in free cash flow. For full year 2025, sales reached $2.74 billion whilst adjusted EBITDA improved to $209.7 million, or 7.6% of sales, up $29 million from 2024. The company achieved positive free cash flow of $16.3 million despite industry challenges. Cooper Standard secured $297.9 million in new business awards for 2025, with 74% related to electric and hybrid vehicle programmes. The company expects 2026 adjusted EBITDA of $260-300 million, targeting margins of 10% or higher, supported by new programme launches and cost optimisation initiatives.
Cooper Standard recognized for innovation. Cooper-Standard Holdings Inc. has been recognized as a 2025 Society of Plastics Engineers (SPE) Automotive Innovation Award finalist for its quick connector with integrated temperature sensor found on a General Motors electric vehicle. The innovation is recognized in the Chassis/Hardware category. The Cooper Standard and GM collaboration delivers a breakthrough in cooling system design. The innovation integrates a coolant temperature sensor directly into the plastic quick connector, combining two components into one modular solution. This design reduces part count, eliminates potential leak path, and improves assembly efficiency and reliability while reducing packaging space in an already tight powertrain environment, the company said. "We're honored to be recognized once again by SPE for our collaborative innovation," said Chris Couch, president, Fluid Handling Systems and chief technology officer, Cooper Standard. "By integrating sensor functionality into the quick connector, we're helping OEMs like General Motors simplify their systems, reduce weight and cost, and deliver even higher quality and performance. It's a solution that represents the kind of innovation Cooper Standard is known for." The integrated temperature sensor provides precise, real-time monitoring of coolant system conditions to optimize performance and protection in any vehicle. Designed for seamless integration into fluid connectors and tubing, the sensor eliminates the need for separate in-line components, reducing complexity, weight and potential leak paths, the company said. Its compact, robust design supports accurate thermal control, improving efficiency and reliability across a wide range of vehicle applications.
NORTHVILLE, Mich., Sept. 18, 2025 /PRNewswire/ - Cooper Standard (NYSE: CPS) today announced the appointment of Soma Venkat, Ph.D., to senior vice president and chief information technology and AI officer, effective September 15, 2025.
Cooper Standard (NYSE: CPS) has been awarded the prestigious 2024 Supplier of the Year Award by General Motors at their 33rd annual event in Phoenix, Arizona.