Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 48

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 to continue for an extended period of time. Where the full scope or duration of such activities cannot be reasonably estimated due to uncertainties related to regulatory requirements, site performance, or technology changes, the Company has accrued only for those costs that are currently estimable. The Company will update its estimates as new information becomes available. While the Company’s costs to defend and settle known claims arising under environmental laws have not been material in the past and are not currently estimated to have a material adverse effect on the Company’s financial condition, such costs may be material to the Company’s financial statements in the future.

16. Segment Reporting

The Company’s 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. The results of each segment include certain allocations for general, administrative and other shared costs. Segment adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

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

Certain financial information on the Company’s reportable segments was as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Capital expendituresSealing Systems$4,172 $5,421 $13,644 $14,921 Fluid Handling Systems4,293 5,170 11,157 11,663 Total for reportable segments$8,465 $10,591 $24,801 $26,584 Corporate, eliminations and other693 652 514 1,493 Consolidated$9,158 $11,243 $25,315 $28,077 June 30, 2025December 31, 2024Segment assetsSealing Systems$856,554 $817,581 Fluid Handling Systems718,789 667,920 Total for reportable segments$1,575,343 $1,485,501 Corporate, eliminations and other244,368 247,564 Consolidated$1,819,711 $1,733,065 Three Months Ended June 30, 2025Three Months Ended June 30, 2024Se