Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 113

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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30

Segment Results of Operations

Our business is organized in two reportable segments: Sealing Systems and Fluid Handling Systems. All other business activities are reported in Corporate, eliminations and other. The Company uses segment adjusted EBITDA as the measure of earnings to assess the performance of each segment and determine the resources to be allocated to the segments. We have defined adjusted EBITDA as net income before interest, taxes, depreciation, amortization, restructuring expense, and special items.

The following tables present sales and segment adjusted EBITDA for each of the reportable segments.

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)Sales to external customersSealing Systems$364,368 $364,946 $(578)$(4,243)$3,665 Fluid Handling Systems322,430 322,742 (312)(887)575 

* Net of customer price adjustments, including recoveries.

Sealing Systems. The variance in volume and mix, including customer price adjustments, was driven by lower customer volumes and recoveries. The foreign currency exchange variance was driven by a $6.2 million favorable impact of the Euro, a $2.0 million unfavorable impact of the Brazilian Real, and a $0.5 million unfavorable impact of all other currencies.

Fluid Handling Systems. The variance 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