Company: CPS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001320461-25-000087
Chunk: 6

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 higher customer volumes. The unfavorable foreign currency exchange impact was driven by a $3.7 million impact of the Brazilian Real, a $3.6 million impact of the Euro, a $2.3 million impact of the Canadian Dollar, and a $1.1 million unfavorable impact of all other currencies.

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Fluid handling systems. The variance in volume and mix, including customer price adjustments, was driven by higher customer volumes and customer recoveries. The unfavorable foreign currency exchange impact was driven by a $1.7 million impact of the Korean Won, a $1.4 million impact of the Brazilian Real, and a $1.3 million unfavorable impact of all other currencies.

Segment adjusted EBITDA

Three Months Ended March 31,Variance Due To:20252024ChangeVolume/Mix*Foreign ExchangeCost Decreases/(Increases)**(Dollar amounts in thousands)Segment adjusted EBITDASealing systems$32,312 $21,371 $10,941 $(332)$(2,146)$13,419 Fluid handling systems20,982 10,982 10,000 837 6,715 2,448 Total for reportable segments$53,294 $32,353 $20,941 $505 $4,569 $15,867 

* Net of customer price adjustments, including recoveries.

** Net of savings from 2024 restructuring initiatives.

Sealing systems. The variance in volume and mix, including customer price adjustments, was driven by unfavorable mix. The unfavorable foreign currency exchange was driven by a $2.2 million impact of the Canadian Dollar. The cost decreases were primarily driven by $13.7 million of favorable manufacturing and purchasing savings through lean initiatives, and $3.4 million of all other operational savings, primarily from restructuring actions. These benefits were partially offset by $3.7 million of unfavorable inflationary costs (including salary, utilities and other operational costs).

Fluid handling systems. The variance in volume and mix, including customer price adjustments, was driven by higher customer volumes and customer recoveries. The favorable foreign currency exchange was primarily driven by a $6.0 million impact of the Mexican Peso. The cost decreases were driven by $4.3 million of favorable manufacturing and purchasing savings through lean initiatives and $2.8 million of all other operational savings, primarily from restructuring actions. These benefits were partially offset by $4.7 million of unfavorable inflationary costs (including salary, utilities, and other operational