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

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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2025. The restructuring activities are anticipated to generate annualized savings of approximately $40,000 to $45,000.The Company’s restructuring charges consist of severance, retention and outplacement services, and severance-related postemployment benefits (collectively, “employee separation costs”), along with other related exit costs and asset impairments related to restructuring activities (collectively, “other exit costs”). Employee separation costs are recorded based on existing union and employee contracts, statutory requirements, completed negotiations and Company policy.Restructuring charges by segment were as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Sealing Systems$2,678 $1,087 $6,934 $12,261 Fluid Handling Systems735 (27)1,268 2,798 Corporate and other122 456 296 5,371 Total$3,535 $1,516 $8,498 $20,430 

12

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(Unaudited)(Dollar amounts in thousands except per share and share amounts)

Restructuring activity for all restructuring initiatives for the nine months ended September 30, 2025 was as follows:Employee Separation CostsOther Exit CostsTotalBalance as of December 31, 2024$15,057 $4,945 $20,002 Expense2,488 6,010 8,498 Cash payments(9,038)(9,568)(18,606)Foreign exchange translation and other930 603 1,533 Balance as of September 30, 2025$9,437 $1,990 $11,427 

5. Inventories

Inventories as of September 30, 2025 and December 31, 2024 consisted of the following:September 30, 2025December 31, 2024Finished goods$58,250 $39,299 Work in process45,308 36,785 Raw materials and supplies94,111 66,317 Total$197,669 $142,401 

6. Goodwill and Intangible Assets

GoodwillChanges in the carrying amount of goodwill by reporting unit for the nine months ended September 30, 2025 were as follows:Sealing SystemsFluid Handling SystemsIndustrial Specialty GroupTotalBalance as of December 31, 202