Cooper-Standard Holdings Inc.

Good morning, ladies and gentlemen, and welcome to the Cooper Standard First Quarter 2026 Earnings Conference Call. During the presentation, all participants will be only synonymous. Following the proper comments, we will conduct a question and answer session. At that time, if you have a question, you will need to press the star, then one on your telephone keypad. To withdraw your question, press first star, then two. As a reminder, this conference call is being recorded and the webcast will be available on the Cooper Standard website for replay later today. I will now like to turn the call over to Roger Henderson, Director of Investor Relations.

Thank you, Sergio, and good morning, everyone. We appreciate you spending some time with us today. The members of our leadership team who will be speaking with you on the call this morning are Jeff Edwards, Chairman and Chief Executive Officer of and John Banas, Executive Vice President and Chief Financial Officer. Before we begin, I need to remind you that this presentation contains forward-looking statements. While they are made based on current factual information and certain assumptions and plans that management currently believes to be reasonable, these statements do involve risks and uncertainties. For more information on forward-looking statements, we ask that you refer to slide three of this presentation, and the company's statements included in periodic filings with the Securities and Exchange Commission. This presentation also contains non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to their most directly comparable GAAP measures are included in the appendix to the presentation. With those formalities out of the way, I'll turn the call over to Jeff Edwards.

Thanks, Roger. Good morning, everyone. We appreciate the opportunity to review our first quarter results and provide an update on our business and the outlook going forward. So to begin on slide five, I'd like to highlight some of the key first quarter data points that we believe are reflective of our continuing outstanding operational performance and our ongoing commitment to our core company values. In terms of operations and customer service, We started in 2026 with the same strong level of performance that we had in 2025, ending the first quarter with 99% green customer scorecards for quality and service. For new program launches, we also continue to deliver strong performance with 97% of our customer scorecards being green. Our plant managers and our plant employees continue to deliver outstanding performance and value for our customers through their dedication and commitment to excellence. And as always, our most important operating metric, safety performance, continues to be excellent. In fact, during the first quarter, we had a total incident rate of just .18 reportable incidents per 200,000 hours worked. well below the world-class benchmark of 0.35. Importantly, 48 of our plants maintained a perfect safety record with a total incident rate of zero for the first three months of the year. That's 84% of all of our production facilities achieving a perfect safety score and demonstrating that our ultimate goal of zero safety incidents is achievable. We're certainly proud of our entire global team for their focus and achievement in this important operating measure. In terms of cost optimization, we had another solid quarter with our manufacturing and purchasing teams delivering $17 million of savings through lean initiatives and other cost-saving programs. These cost reductions and operating efficiencies combined with revenue growth in the quarter allowed us to achieve a solid 40 basis point improvement in gross margin versus the first quarter of last year. As a result, despite some of the market headwinds we've been seeing, we continue to drive profitable growth and margin expansion through the execution of our plans and strategies. Finally, we're continuing to leverage world-class service, technical capabilities, and our award-winning innovations to win significant new business. During the first quarter of 2026, we received $128 million in net new business awards, which are expected to drive profitable growth as they launch over the next few years. I'll talk more about the significance of our new business awards in a few minutes. Turning to slide six, As we've made terrific improvements in our operating metrics and profitability over the past few years, we certainly haven't lost sight of the importance of being a good corporate citizen. We continue to work on developing and delivering and material solutions, delivering product and material solutions for our customers that help them achieve their environmental goals. And, of course, we've set and are working to achieve aggressive internal goals for reducing energy consumption, emissions, and scrap. Our achievements in corporate responsibility continue to garner recognition from numerous entities, as well as our customers. One of our recent innovations, our FlexiCore thermoplastic body seal technology, was recently recognized as a winner in the 2026 Environment Plus Energy Leaders Award. This new technology replaces the metal carrier that is used in a traditional dynamic body seal with a patented thermoplastic carrier. The result is a lightweight body seal that maintains the same high-quality performance of traditional materials but is 100% recyclable, increasing vehicle efficiency and reducing materials that end up in landfills. Recently, a FlexiCore front and rear closure seal application was successfully launched into production with a global automaker, further demonstrating the real-world impact of this technology. We're also pleased to have recently been included among USA Today's list of America's climate leaders for the third consecutive year in recognition of our continuing advancements in environmental stewardship. Corporate responsibility is and will continue to be an area of focus for our entire organization, from the production floor to the boardroom, because it's the right thing to do. You can learn more about our goals and our progress in sustainability in our 2025 corporate responsibility report, which will be published within the next few days. We encourage everyone to take a few minutes to look through it when it posts on our website. Now let me turn the call over to John to discuss the financial results for the quarter.