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Revenue
 9 Months Ended
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 SystemsFluid Handling SystemsOtherConsolidated
Passenger and Light Duty$342,708 $323,478 $— $666,186 
Commercial5,533 2,380 1,765 9,678 
Other537 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 SystemsFluid Handling SystemsOtherConsolidated
Passenger and Light Duty$1,034,854 $941,078 $— $1,975,932 
Commercial21,100 6,744 5,647 33,491 
Other1,503 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 SystemsFluid Handling SystemsOtherConsolidated
Passenger and Light Duty$345,944 $307,158 $— $653,102 
Commercial6,799 2,558 1,927 11,284 
Other622 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 SystemsFluid Handling SystemsOtherConsolidated
Passenger and Light Duty$1,045,791 $922,209 $— $1,968,000 
Commercial22,150 8,409 6,145 36,704 
Other1,649 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 LineDescription
Sealing SystemsProtect vehicle interiors from weather, dust and noise intrusion for improved driving experience; provide aesthetic and functional class-A exterior surface treatment.
Fluid Handling SystemsFuel & 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 SystemsFluid Handling SystemsOtherConsolidated
North America$159,633 $250,330 $— $409,963 
Europe103,137 30,857 — 133,994 
Asia Pacific62,247 36,570 — 98,817 
South America23,761 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 SystemsFluid Handling SystemsOtherConsolidated
North America$461,782 $715,978 $— $1,177,760 
Europe339,593 98,165 — 437,758 
Asia Pacific189,743 114,080 — 303,823 
South America66,339 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 SystemsFluid Handling SystemsOtherConsolidated
North 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 SystemsOtherConsolidated
North 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 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, 2025December 31, 2024Change
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.