Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 109

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 109
---
) attributable to noncontrolling interests72 (60)132 22 (412)434 Net (loss) income attributable to Cooper-Standard Holdings Inc.$(1,401)$(76,243)$74,842 $151 $(107,903)$108,054 

Three Months Ended June 30, 2025 Compared with Three Months Ended June 30, 2024 

Sales

Three Months Ended June 30,Variance Due To:20252024ChangeVolume/Mix*Foreign Exchange(Dollar amounts in thousands)Total sales$705,973 $708,362 $(2,389)$(6,629)$4,240 

* Net of customer price adjustments, including recoveries.

Sales for the three months ended June 30, 2025 decreased 0.3% compared to the three months ended June 30, 2024. The decrease in sales was driven by the negative impact of volume and mix, net of customer price adjustments including recoveries, partially offset by favorable foreign exchange.

Gross Profit

Three Months Ended June 30,Variance Due To:20252024ChangeVolume/Mix*Foreign ExchangeCost (Decreases)/Increases**(Dollar amounts in thousands)Cost of products sold$612,922$625,422$(12,500)$9,498 $2,166 $(24,164)Gross profit93,05182,94010,111 (16,127)2,074 24,164 Gross profit percentage of sales13.2 %11.7 %

* Net of customer price adjustments, including recoveries.

** Net of savings from 2024 restructuring initiatives.

28

Cost of products sold is primarily comprised of materials, labor, manufacturing overhead, freight, depreciation and other direct operating expenses. Among these, materials represent the largest component, accounting for approximately 53% and 51% of total cost of products sold for the three months ended June 30, 2025 and June 30, 2024 respectively. The change in cost of products sold was impacted by manufacturing and purchasing savings through lean initiatives, and savings from prior year restructuring initiatives, partially offset by unfavorable volume and mix, net of recoveries, higher inflation of labor and overhead, unfavorable foreign exchange and increased tariff expense.

Gross profit for the three months ended June 30, 2025 increased $10.1 million compared to the three months ended June 30, 2024. The change