Cooper-Standard Holdings Inc.

Good morning, ladies and gentlemen, and welcome to the Cooper Standard second quarter 2026 earnings conference call. During the presentation, all participants will be in listen-only mode. Following the company prepared comments, we will conduct a question and answer session. At that time, if you have a question, you will need to press star one in your telephone keypad. To withdraw your question, please press star two. As a reminder, This call is being recorded and the webcast will be available on the Cooper Standard website for replay later today. I would now like to turn the call over to Roger Hendriksen, Director of Investor Relations. Please go ahead.

Joining our call this morning. 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, 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 compared 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, and good morning, everyone. Thank you for joining the call this morning. To begin on slide five, I'd like to highlight some key second quarter Data Points that we believe are reflective of our continued outstanding operational performance and our ongoing commitment to our core company values. In terms of operations and customer service, we continue to deliver excellent performance. For product quality and service, 99% of our customer scorecards were green in the quarter. For new program launches, we also continue to deliver strong performance with 97%. of the customer scorecards being green. And for the most important operating metric, safety performance continues to be excellent. A shout out there to our plant employees. Thank you all. Just further on safety, listen to these stats. Pretty impressive. During the second quarter, we had a total incident rate of 0.17 reportable incidents per 200,000 hours worked. That's well below the world-class benchmark of 0.35. Importantly, 44 of our plants have maintained a perfect safety record with a total incident rate of zero for the first six months of the year. That's 75% 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 proud of our entire global team for their focus and achievement. in this most important operating measure. In terms of cost optimization, we had another solid quarter with our manufacturing and purchasing teams delivering $15 million of savings through lean initiatives and other cost-saving programs. These cost reductions and operating efficiencies are always important, but I would call them critical in periods of hyperinflation such as we just experienced this quarter. So I want to give a special shout out to our purchasing team and our manufacturing and engineering teams for their continued excellent work and achievements. We appreciate all you're doing. In addition, we did a nice job managing working capital and spending in order to optimize cash flow. During the quarter, we were pleased to deliver a solid $16 million in free cash flow, $40 million improvement over the second quarter of last year. Finally, we're continuing to leverage our world-class service, technical capabilities, and our award-winning innovations to win significant new business. In fact, during the second quarter of 2026, we received $118 million in net new business awards, which will drive additional profitable growth as they launch over the next few years. Turning to slide six, Putting this strong commercial performance in context, this brings the total net new business awards for the first half of the year to $246 million. This remains ahead of our plans for the year so far, which we believe puts us in a strong position to achieve the full year goal of over $400 million in 2026 and topping $700 million when combined with last year's award. As you can see in the chart, our new business awards have been accelerating over the past few years as the financial strength of the company has been improving. And the good news is that we will have available capacity to launch much of this new business over the coming years with minimal capital investment. We're certainly proud to be the supplier that our customers are increasingly turning to for quality components, consistency of delivery, and collaboration of critical design and development of new technologies. With these awards in hand, driving incremental variable contribution margins and a strong outlook for new business wins ahead, we're increasingly confident that we'll be able to execute our plans and achieve our longer-term strategic financial targets for growth Now let me turn the call over to John to discuss the financial results for the quarter.