Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 61

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 61
---
 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 EBITDASealing Systems$72,657 $56,406 $16,251 $(8,109)$(2,207)$26,567 Fluid Handling Systems47,979 27,264 20,715 (6,852)14,015 13,552 

* 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 foreign currency exchange impact variance was primarily driven by a $4.0 million unfavorable impact of the Canadian Dollar and a $2.5 million favorable impact of the Mexican Peso. The cost decreases were driven by $24.7 million of manufacturing and purchasing savings through lean initiatives and $8.9 million of all other operational savings, primarily from prior year restructuring actions. These savings were partially offset by $7.0 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 $13.5 million favorable impact of the Mexican Peso. The cost decreases were primarily driven by $15.8 million of manufacturing and purchasing savings through lean initiatives and $3.4 million of all other operational savings, primarily from prior year restructuring actions. These savings were partially offset by $5.6 million of unfavorable inflation in labor and other operational costs.

Liquidity and Capital Resources

Short and Long-Term Liquidity Considerations and Risks

The sources to fund our ongoing working capital, capital expenditures, debt service and other funding requirements are a combination of cash flows from operations, cash on hand, borrowings under our senior asset-based revolving credit facility (“ABL Facility”) and receivables factoring. We utilize intercompany loans and equity contributions to fund our worldwide 

32

operations. However, certain country-specific regulations may impose restrictions or result in increased costs when repatriating funds. See Note 7. “Debt and Other Financing” to the unaudited condensed