Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 60

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 EBITDA for each of the reportable segments.

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

Sales

Three Months Ended September 30,Variance Due To:20252024ChangeVolume/Mix*Foreign Exchange(Dollar amounts in thousands)Sales to external customersSealing Systems$348,778 $353,365 $(4,587)$(10,665)$6,078 Fluid Handling Systems328,566 313,739 14,827 13,195 1,632 

* 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, unfavorable product mix and reduced customer recoveries. The foreign currency exchange variance was driven by a $6.1 million favorable impact of the Euro.

Fluid Handling Systems. The variance in volume and mix, including customer price adjustments, was driven by higher customer volumes, favorable product mix and improved customer recoveries. The foreign currency exchange variance was driven by a $1.8 million favorable impact of the Euro, partially offset by a $0.2 million unfavorable impact of all other currencies.

Segment adjusted EBITDA

Three Months Ended September 30,Variance Due To:20252024ChangeVolume/Mix*Foreign ExchangeCost Decreases/(Increases)**(Dollar amounts in thousands)Segment adjusted EBITDASealing Systems$30,853 $29,904 $949 $(8,828)$(681)$10,458 Fluid Handling Systems29,029 23,089 5,940 4,154 3,583 (1,797)

* 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 lower customer volumes, unfavorable product mix, and reduced customer recoveries. The cost decreases were driven by $12.7 million of manufacturing and purchasing savings through lean initiatives. These savings were partially offset by $2.2 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 higher customer volumes, favorable product mix, and improved customer recoveries. The foreign currency exchange variance was primarily driven by a $2.8 million favorable impact of the Mexican Peso. The cost increases were driven by $6.0