Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 29

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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$56,093 $2,068,544 Revenue by geographical region for the three months ended September 30, 2024 was as follows:Sealing SystemsFluid Handling SystemsOtherConsolidatedNorth America$158,564 $236,718 $— $395,282 Europe107,022 29,637 — 136,659 Asia Pacific61,264 37,935 — 99,199 South America26,515 9,449 — 35,964 Corporate, eliminations and other— — 18,249 18,249 Revenue$353,365 $313,739 $18,249 $685,353 Revenue by geographical region for the nine months ended September 30, 2024 was as follows:Sealing SystemsFluid Handling SystemsOtherConsolidatedNorth America$467,435 $702,306 $— $1,169,741 Europe355,836 95,974 — 451,810 Asia Pacific176,468 117,976 — 294,444 South America69,851 25,740 — 95,591 Corporate, eliminations and other— — 58,554 58,554 Revenue$1,069,590 $941,996 $58,554 $2,070,140 Contract EstimatesThe amount of revenue recognized is usually based on the purchase order price and adjusted for variable consideration, including pricing concessions. The Company accrues for pricing concessions by reducing revenue as products are shipped or delivered. The accruals are based on contractual terms, historical experience, anticipated performance and management’s best judgment. The Company also generally has ongoing adjustments to customer pricing arrangements based on the content and cost of its products. Such pricing accruals are adjusted as they are settled with customers. Customer returns, which are infrequent, are usually related to quality or shipment issues and are recorded as a reduction of revenue. The Company generally does not recognize significant return obligations due to their infrequent nature.

11

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

Contract BalancesThe Company’s contract assets consist of unbilled amounts associated with variable pricing arrangements in the Asia Pacific region. Once pricing is finalized, contract assets are transferred to accounts receivable. As a result, the timing of revenue