Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 114

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 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 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 $5.7 million unfavorable impact of the Brazilian Real, a $2.7 million unfavorable impact of the Canadian Dollar, and a $1.3 million favorable impact of all other currencies.

Fluid Handling Systems. The variance in volume and mix, including customer price adjustments, was driven by favorable customer recoveries, partially offset by lower customer volumes. The foreign currency exchange variance was driven by a $2.1 million unfavorable impact of the Korean Won, a $2.1 million unfavorable impact of the Brazilian Real, and a $0.4 million favorable impact of all other currencies.

Segment adjusted EBITDA

Six Months Ended June 30,Variance Due To:20252024ChangeVolume/Mix*Foreign ExchangeCost Decreases/(Increases)**(dollar amounts in thousands)Segment adjusted EBITDA