Cooper-Standard Holdings Inc.

Cooper-Standard Holdings Inc. designs and manufactures sealing systems and fluid handling systems for global light vehicles, with most sales tied to passenger cars and light trucks. The company serves automakers and automotive suppliers through a worldwide manufacturing and engineering footprint, and it also sells into adjacent transportation and industrial markets through its Industrial and Specialty Group.

6,7 %

11,9 %

−0,2 %

+0,4 %

1.30

1.07

— Cooper-Standard Holdings Inc.
%
Sealing Systems55% Weatherstrips, seals and related products that protect cabins from water, dust and noise while supporting exterior fit and finish.
Fluid Handling Systems35% Fuel and brake delivery systems plus fluid transfer products used in vehicle platforms.
Industrial and Specialty Group7% Engineered sealing and fluid solutions sold into non-automotive transportation and industrial applications.
Replacement and Other Markets3% Aftermarket, Tier I/Tier II and other adjacent-market sales of core product lines.

The core customer base is global automotive OEMs, with sales concentrated in passenger car and light truck platforms...

  • Global automotive OEMsprimary

    Buy sealing systems and fluid handling systems for vehicle platforms; this is the main revenue base because products are designed into OEM programs.

  • China OEMsprimary

    Buy localized sealing and fluid products for domestic vehicle programs, supporting growth in the Chinese light-vehicle market.

  • Tier I and Tier II supplierssecondary

    Purchase components and sub-assemblies for automotive supply chains where Cooper-Standard is not direct-to-OEM.

  • Replacement market distributorssecondary

    Buy core products for aftermarket replacement demand, providing a smaller but recurring revenue stream.

  • Non-automotive industrial customersemerging

    Buy specialty engineered solutions from ISG for transportation and industrial applications.

Cooper-Standard operates a global manufacturing and engineering network across 20 countries, with 108 facilities and 65...

  • •Operations span 20 countries with 108 facilities worldwide
  • •65 manufacturing locations support local supply to OEM assembly plants
  • •43 engineering, administrative and logistics sites support product design
  • •Joint ventures in China, India and Thailand help local market access
  • •2023 divestitures reduced exposure to European technical rubber products

Management is focused on restructuring, expansion and cost reduction to improve competitiveness and protect margins in...

01
Cost reduction and restructuringshort-term

Improves competitiveness in a price-sensitive supplier market and supports profitability through industry cycles.

02
Global OEM platform winsmedium-term

Designing into vehicle platforms creates multi-year revenue visibility and strengthens customer relationships.

03
Localized growth in Asiamedium-term

Joint ventures reduce capital intensity and improve access to local customers and suppliers in growth markets.

04
Diversification into ISG and adjacent marketslong-term

Broadens the revenue base beyond light-vehicle programs and reduces dependence on OEM cycles.

The company is exposed to cyclical light-vehicle demand, customer concentration and supply-chain disruptions because...

high

Dependence on subsidiaries for cash

The parent is a holding company and relies on operating subsidiaries to upstream cash for obligations.

Scope
Holding-company liquidity and debt service
Materiality
high
high

Trade policy and tariff exposure

The company sources globally and manufactures in multiple countries, so tariffs can raise costs and reduce competitiveness.

Scope
Imported goods, raw materials and cross-border supply chains
Materiality
high
high

Supply-chain disruption

Sole-source or customer-directed suppliers can be difficult to replace, and shortages can interrupt production.

Scope
Automotive components and raw materials
Materiality
high
high

Customer concentration

A large share of sales comes from a small number of global OEMs and platform awards.

Scope
Ford, GM, Stellantis, Volkswagen and other major OEMs
Materiality
high
medium

Impairment risk

Weak vehicle demand or lower margins could reduce reporting-unit fair values and trigger charges.

Scope
Goodwill, intangible assets and long-lived assets
Materiality
medium
medium

Pension and legal obligations

Underfunded plans and litigation or regulatory claims can require cash and create earnings volatility.

Scope
Pensions, claims and investigations
Materiality
medium
Goodwill impairment
Could materially affect earnings and equity
Long-lived and intangible asset impairment
May create non-cash write-downs
Pension accounting
Affects operating expense and liquidity
Restructuring and divestiture accounting
Can distort comparability across periods

COOPER COMPANIES, INC.

COO · Ophthalmic Goods

LEAR CORP

LEA · Motor Vehicle Parts & Accessories

Koppers Holdings Inc.

KOP · Lumber & Wood Products (No Furniture)

Sonder Holdings Inc.

Hotels, Rooming Houses, Camps & Other Lodging Places

StandardAero, Inc.

SARO · Aircraft Engines & Engine Parts

GROUP 1 AUTOMOTIVE INC

GPI · Retail-Auto Dealers & Gasoline Stations

: 28/04/2026