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Cooper Standard Appoints Matthew Boddy as Chief Commercial Officer
Cooper Standard announced the appointment of Matthew Boddy as senior vice president, chief commercial officer. In this role, Boddy will lead the company's global commercial organization in both its sealing and fluid handling product lines and will report directly to Jeffrey Edwards, chairman and CEO, Cooper Standard. Based at the company's world headquarters in Northville, MI, Boddy will also join Cooper Standard's Global Leadership Team and serve as an officer of the company.
Cooper Standard Reports Q2 Revenue of $721.3M
Reports Q2 revenue $721.3M, consensus $708.9M. "Our teams are continuing to operate at world-class levels, delivering consistent value for our customers." said Jeffrey Edwards, chairman and CEO, Cooper Standard. "While higher oil prices drove inflationary pressures on our costs in the second quarter as we had anticipated, we expect to recover most of those incremental costs in the second half of the year. With our continued operating excellence and expected cost recoveries, we believe we remain on track to achieve our sales and profitability targets for the full year."
Narrows FY26 Adjusted EBITDA View to $265M-$295M
Narrows FY26 adjusted EBITDA view to $265M-$295M from $260M-$300M.
Cooper Standard Q1 Revenue $686.4M Beats Expectations
Reports Q1 revenue $686.4M, consensus $660M. "Our teams delivered results in the quarter that were consistent with our plans and expectations," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "By maintaining focus on operational excellence and our strategic execution, we are effectively managing current market dynamics and believe we are on track to achieve or exceed our sales and profitability targets for the full year."
Company Expects to Meet 2026 Sales and Profit Targets
Following strong actual results in the first three months of the year, the company believes it is on track to achieve or exceed the targeted ranges for sales and profitability as outlined in its formal guidance for 2026 issued in February. The company expects to provide a formal update to its full year guidance in conjunction with the release of its second quarter 2026 results.
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