Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 9

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 in volume and mix, including customer price adjustments, was driven by lower customer volumes, partially offset by favorable customer recoveries. The foreign currency exchange variance was driven by a $1.7 million favorable impact of the Euro, a $0.7 million unfavorable impact of the Brazilian Real, and a $0.4 million unfavorable impact of all other currencies.

Segment adjusted EBITDA

Three Months Ended June 30,Variance Due To:20252024ChangeVolume/Mix*Foreign ExchangeCost Decreases/(Increases)**(Dollar amounts in thousands)Segment adjusted EBITDASealing Systems$40,345 $35,035 $5,310 $(7,777)$(61)$13,148 Fluid Handling Systems26,997 16,282 10,715 (7,689)7,300 11,104 

* 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 volume and mix, and lower customer recoveries. The cost decreases were primarily driven by $11.0 million of manufacturing and purchasing savings through lean initiatives and $5.5 million of all other operational savings, primarily from prior year restructuring actions. These savings were partially offset by $3.4 million of unfavorable inflation in labor and other operational costs.

Fluid Handling Systems. The variance in volume and mix, including customer price adjustments, was driven by unfavorable volume and mix, and lower customer recoveries. The foreign currency exchange variance was primarily driven by a $7.6 million favorable impact of the Mexican Peso. The cost decreases were driven by $11.6 million of manufacturing and purchasing savings through lean initiatives and $2.3 million of all other operational savings, primarily from prior year restructuring actions. These savings were partially offset by $2.8 million of unfavorable inflation in labor and other operational costs.

31

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

Sales

Six Months Ended June 30,Variance Due To:20252024ChangeVolume/Mix*Foreign Exchange(dollar amounts in thousands)Sales to external customersSealing Systems$708,679 $716,225 $(7,546)$(476)$(7,070)Fluid Handling Systems626,428 628,257 (1,829)1,953 (3,782)

* Net of