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Revenue | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | Revenue Revenue is recognized for manufactured parts at a point in time, generally when products are shipped or delivered. The Company usually enters into agreements with customers to produce products at the beginning of a vehicle’s life. These agreements, along with blanket purchase orders and related documents, generally establish the annual terms, including pricing, related to a vehicle model. Customers typically pay for parts based on customary business practices with payment terms generally between 30 and 90 days. The passenger and light duty customer group consists of sales to automotive OEMs and automotive suppliers, while the commercial customer group represents sales to OEMs of on- and off-highway commercial equipment and vehicles. The other customer group includes sales related to specialty and adjacent markets. Revenue by customer group for the three months ended September 30, 2025 was as follows:
| Sealing Systems |  | Fluid Handling Systems |  | Other |  | Consolidated
Passenger and Light Duty | $ | 342,708 |  |  | $ | 323,478 |  |  | $ | — |  |  | $ | 666,186 |
Commercial | 5,533 |  |  | 2,380 |  |  | 1,765 |  |  | 9,678 |
Other | 537 |  |  | 2,708 |  |  | 16,393 |  |  | 19,638 |
Revenue | $ | 348,778 |  |  | $ | 328,566 |  |  | $ | 18,158 |  |  | $ | 695,502 |
Revenue by customer group for the nine months ended September 30, 2025 was as follows:
| Sealing Systems |  | Fluid Handling Systems |  | Other |  | Consolidated
Passenger and Light Duty | $ | 1,034,854 |  |  | $ | 941,078 |  |  | $ | — |  |  | $ | 1,975,932 |
Commercial | 21,100 |  |  | 6,744 |  |  | 5,647 |  |  | 33,491 |
Other | 1,503 |  |  | 7,172 |  |  | 50,446 |  |  | 59,121 |
Revenue | $ | 1,057,457 |  |  | $ | 954,994 |  |  | $ | 56,093 |  |  | $ | 2,068,544 |
Revenue by customer group for the three months ended September 30, 2024 was as follows:
| Sealing Systems |  | Fluid Handling Systems |  | Other |  | Consolidated
Passenger and Light Duty | $ | 345,944 |  |  | $ | 307,158 |  |  | $ | — |  |  | $ | 653,102 |
Commercial | 6,799 |  |  | 2,558 |  |  | 1,927 |  |  | 11,284 |
Other | 622 |  |  | 4,023 |  |  | 16,322 |  |  | 20,967 |
Revenue | $ | 353,365 |  |  | $ | 313,739 |  |  | $ | 18,249 |  |  | $ | 685,353 |
Revenue by customer group for the nine months ended September 30, 2024 was as follows:
| Sealing Systems |  | Fluid Handling Systems |  | Other |  | Consolidated
Passenger and Light Duty | $ | 1,045,791 |  |  | $ | 922,209 |  |  | $ | — |  |  | $ | 1,968,000 |
Commercial | 22,150 |  |  | 8,409 |  |  | 6,145 |  |  | 36,704 |
Other | 1,649 |  |  | 11,378 |  |  | 52,409 |  |  | 65,436 |
Revenue | $ | 1,069,590 |  |  | $ | 941,996 |  |  | $ | 58,554 |  |  | $ | 2,070,140 |
Substantially all of the Company’s revenue is generated from sealing systems and fluid handling systems (consisting of fuel and brake delivery systems and fluid transfer systems) for use in passenger vehicles and light trucks manufactured by global OEMs. A summary of the Company’s products is as follows:
Product Line |  | Description
Sealing Systems |  | Protect vehicle interiors from weather, dust and noise intrusion for improved driving experience; provide aesthetic and functional class-A exterior surface treatment.
Fluid Handling Systems |  | Fuel & Brake Delivery Systems - Sense, deliver and control fluid and fluid vapors for fuel and brake systems. Fluid Transfer Systems - Sense, deliver, connect and control fluid delivery for optimal thermal management, powertrain & HVAC operation.
Revenue by geographical region for the three months ended September 30, 2025 was as follows:
| Sealing Systems |  | Fluid Handling Systems |  | Other |  | Consolidated
North America | $ | 159,633 |  |  | $ | 250,330 |  |  | $ | — |  |  | $ | 409,963 |
Europe | 103,137 |  |  | 30,857 |  |  | — |  |  | 133,994 |
Asia Pacific | 62,247 |  |  | 36,570 |  |  | — |  |  | 98,817 |
South America | 23,761 |  |  | 10,809 |  |  | — |  |  | 34,570 |
Corporate, eliminations and other | — |  |  | — |  |  | 18,158 |  |  | 18,158 |
Revenue | $ | 348,778 |  |  | $ | 328,566 |  |  | $ | 18,158 |  |  | $ | 695,502 |
Revenue by geographical region for the nine months ended September 30, 2025 was as follows:
| Sealing Systems |  | Fluid Handling Systems |  | Other |  | Consolidated
North America | $ | 461,782 |  |  | $ | 715,978 |  |  | $ | — |  |  | $ | 1,177,760 |
Europe | 339,593 |  |  | 98,165 |  |  | — |  |  | 437,758 |
Asia Pacific | 189,743 |  |  | 114,080 |  |  | — |  |  | 303,823 |
South America | 66,339 |  |  | 26,771 |  |  | — |  |  | 93,110 |
Corporate, eliminations and other | — |  |  | — |  |  | 56,093 |  |  | 56,093 |
Revenue | $ | 1,057,457 |  |  | $ | 954,994 |  |  | $ | 56,093 |  |  | $ | 2,068,544 |
Revenue by geographical region for the three months ended September 30, 2024 was as follows:
| Sealing Systems |  | Fluid Handling Systems |  | Other |  | Consolidated
North America | $ | 158,564 |  |  | $ | 236,718 |  |  | $ | — |  |  | $ | 395,282 |
Europe | 107,022 |  |  | 29,637 |  |  | — |  |  | 136,659 |
Asia Pacific | 61,264 |  |  | 37,935 |  |  | — |  |  | 99,199 |
South America | 26,515 |  |  | 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 Systems |  | Fluid Handling Systems |  | Other |  | Consolidated
North America | $ | 467,435 |  |  | $ | 702,306 |  |  | $ | — |  |  | $ | 1,169,741 |
Europe | 355,836 |  |  | 95,974 |  |  | — |  |  | 451,810 |
Asia Pacific | 176,468 |  |  | 117,976 |  |  | — |  |  | 294,444 |
South America | 69,851 |  |  | 25,740 |  |  | — |  |  | 95,591 |
Corporate, eliminations and other | — |  |  | — |  |  | 58,554 |  |  | 58,554 |
Revenue | $ | 1,069,590 |  |  | $ | 941,996 |  |  | $ | 58,554 |  |  | $ | 2,070,140 |
Contract Estimates The 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. Contract Balances The 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 recognition and billings, as well as changes in foreign exchange rates, will impact contract assets on an ongoing basis. Contract assets were not materially impacted by any other factors during the nine months ended September 30, 2025. The Company’s contract liabilities consist of advance payments received and due from customers. Net contract assets (liabilities) consisted of the following:
|  | September 30, 2025 |  | December 31, 2024 |  | Change |
Contract assets |  | $ | 2,281 |  |  | $ | 650 |  |  | $ | 1,631 |  |
Contract liabilities |  | (16) |  |  | (14) |  |  | (2) |  |
Net contract assets |  | $ | 2,265 |  |  | $ | 636 |  |  | $ | 1,629 |  |
Other The Company, at times, enters into agreements that provide for lump sum payments to customers. These payment agreements are recorded as a reduction of revenue during the period in which the commitment is made, unless the payment is contractually recoverable. Amounts related to commitments of future payments to customers in the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024 were current liabilities of $6,711 and $9,918, respectively, and long-term liabilities of $1,670 and $1,597, respectively. The Company provides assurance-type warranties to its customers. These warranties offer assurance that the related products will perform as intended and conform to agreed-upon specifications. Costs associated with these warranties are recognized in cost of products sold in the condensed consolidated statements of operations.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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