Commercial Vehicle Group

Commercial Vehicle Group, Inc. engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls. The Global Seating segment offers seats and seating systems, office seating, and aftermarket seats and components. The firm serves the trucking, construction, retail, military, bus, agricultural, and off-road recreational markets. The company was founded in August 2000 and is headquartered in New Albany, OH.

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Commercial Vehicle Group reports Q4 growth, shifts focus to EVs

CVG's Q4 2022 performance reflected mixed results across segments, with notable revenue growth in key areas but challenges in Industrial Automation. The company's strategic shifts towards electrification, cost optimization, and a revised revenue target for 2027 indicate a proactive approach to evolving market trends. Despite facing headwinds, CVG remains focused on sustainable growth and operational efficiency.

Commercial Vehicle Group (CVGI) reports record Q1 performance and targets 9% EBITDA margin

Commercial Vehicle Group (CVGI) delivered a strong Q1 performance with record sales and profitability, driven by new wins in electric systems for electric vehicles. The company's strategic focus on reducing cyclicality and expanding in EV trends is yielding positive results. CVGI aims for margin expansion and growth in aftermarket parts business, with a target EBITDA margin of 9%.

Commercial Vehicle Group reports strong Q2 results and eyes future growth opportunities

CVG's Q2 performance reflects growth and operational improvements driven by strategic initiatives and focus on Electrical Systems
While facing challenges such as CEO search and margin sustainability, CVG remains well-positioned to capitalize on market opportunities
The company's financial overview, market outlook, and global expansion efforts underscore a positive trajectory for future growth and profitability

Commercial Vehicle Group reports strong Q3 performance and growth outlook

CVG's Q3 2023 showcased robust financial performance, marked by revenue growth and improved profitability metrics.
While facing challenges in certain segments, the company's strategic focus on new business and cost-saving initiatives bodes well for future resilience.
Opportunities lie in market expansion, leadership enhancements, and operational optimization to sustain growth momentum.

CVG reports Q4 earnings impacted by challenges, eyes growth opportunities

CVG's Q4 performance was impacted by a work stoppage and reduced demand, but strategic actions and new business wins drove improved profitability. The company aims to enhance margins, diversify revenue streams, and prioritize organic growth in 2024.
New CEO James Ray emphasized a transformation strategy and focus on new business wins, while addressing challenges like low return on sales and past unmet promises. Despite challenges, management remains optimistic about future growth opportunities and executing their long-term strategy.

Commercial Vehicle Group meets Q1 targets, focuses on cost management

CVGI's Q1 performance aligned with guidance, with strengths in new business wins and cost management efforts
Challenges persist in margin pressure and segment revenue declines, but opportunities exist in cost reduction and growth initiatives
Overall, CVGI remains focused on executing its business outlook and driving growth through strategic initiatives

Commercial Vehicle Group (CVGI) adapts to market challenges, eyes future growth

Commercial Vehicle Group (CVGI) faced challenges in Q2 2024 due to market weaknesses but responded with strategic actions and new business wins.
Despite the setbacks, CVGI remains focused on operational efficiency, segment evaluations, and future growth opportunities, positioning itself for long-term success.
Recognition for excellence, updated guidance, and a focus on resilience highlight CVGI's commitment to navigating challenges and capitalizing on future market rebounds.

Commercial Vehicle Group reports Q3 revenue decline, focuses on growth

CVGI's Q3 2024 performance reflected revenue decline and margin pressure due to operational challenges and market softness.
Despite challenges, the company is strategically realigning its business model and leadership to drive growth and improve operational efficiency.
Anticipated market rebounds in 2026 and a focus on margin expansion position CVGI for future growth and profitability.

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Commercial Vehicle Group, Inc. engages in the manufacture, supply, and sale of cab related products and systems. It operates through Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation segments. The Vehicle Solutions segment designs, manufactures and sells heavy duty trucks, medium duty trucks, last mile delivery trucks and vans. The Electrical Systems segment engages in the designing, manufacturing and selling cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies and design and engineering for these applications. The Aftermarket & Accessories segment focuses on the designing, manufacturing and selling seats and components sold into the commercial vehicle channels that provide repair and refurbishing. The Industrial Automation segment designs, manufactures and sells warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. The company was founded in August 2000 and is headquartered in New Albany, OH.

Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants James Ray - President & Chief Executive Officer Andy Cheung - Executive Vice President, Chief Financial Officer & Information Technology Conference Call Participants Joe Gomes - Noble Capital John Franzreb - Sidoti Company Gary Prestopino - Barrington Research Steven Martin - Slater Capital Management Operator Good morning, ladies and gentlemen, and welcome to the CVGI Third Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.

Commercial Vehicle Group, Inc. (CVGI) Q3 2024 Earnings Call Transcript

Commercial Vehicle Group (CVGI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.22 per share a year ago.

Commercial Vehicle Group (CVGI) Reports Q3 Loss, Lags Revenue Estimates

NEW ALBANY, Ohio, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, is pleased to announce the appointment of two leaders to its executive leadership team. Peter Lugo joins the Company as President of our Electrical Systems segment, effective November 1, 2024. Mr. Lugo succeeds Richard Tajer, who will remain an employee of the Company until December 31, 2024. In addition, Carlos Jimenez has joined as Executive Vice President, Global Operations and Supply Chain. These appointments support CVG's goals of growing its Electrical Systems business and improving overall operational execution, respectively. Both executives will report to James Ray, President and Chief Executive Officer of CVG.

Commercial Vehicle Group Announces New Executive Appointments to Accelerate Performance

NEW ALBANY, Ohio, Oct. 22, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, November 5, 2024, at 8:30 a.m. ET, to discuss third quarter 2024 financial results. CVG will issue a press release and presentation prior to the conference call.

CVG Announces Third Quarter 2024 Earnings Call

NEW ALBANY, Ohio, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual Conference on September 19, 2024, at 11:30 a.m. ET. A link to the webcast and associated presentation materials can be accessed through the investor section of the Company's website at  cvgrp.com .

CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference

NEW ALBANY, Ohio, Sept. 09, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer and Andy Cheung, Executive Vice President and Chief Financial Officer, will meet with investors registered at the Barrington Research Virtual Fall Investment Conference on September 12, 2024.  A link to the presentation materials to be used in the meetings will be accessible through the investor section of the Company's website at cvgrp.com.

CVG Announces Participation in the Barrington Research Fall Investment Conference

Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Andy Cheung - Chief Financial Officer James Ray - President and Chief Executive Officer Conference Call Participants John Franzreb - Sidoti & Company Operator Good morning, ladies and gentlemen, and welcome to the CVG Q2 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.

Commercial Vehicle Group, Inc. (CVGI) Q2 2024 Earnings Call Transcript

Commercial Vehicle Group (CVGI) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.32 per share a year ago.

Commercial Vehicle Group (CVGI) Q2 Earnings and Revenues Lag Estimates

EPS of $(0.05), Adjusted EPS of $0.06, reflecting additional restructuring activity Adjusted EBITDA of $10.0 million,   free cash flow of $6.4 million Strategic actions taken to strengthen Vehicle Solutions Business Provides updated guidance for full year 2024 NEW ALBANY, Ohio, Aug. 05, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Highlights (Compared with prior year, where comparisons are noted) Revenues of $229.9 million, down 12.3%, due primarily to a global softening in customer demand.

CVG Reports Second Quarter 2024 Results

NEW ALBANY, Ohio, July 26, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, August 6, 2024, at 8:30 a.m. ET, to discuss second quarter 2024 financial results. CVG will issue a press release and presentation prior to the conference call.

CVG Announces Second Quarter 2024 Earnings Call

Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Andy Cheung - CFO James Ray - President and CEO Conference Call Participants John Franzreb - Sidoti and Company Gary Prestopino - Barrington Research Joshua Zoepfel - Noble Capital Markets Steven Martin - Slater Operator Good morning, ladies and gentlemen, and welcome to the CVGI Q1 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.

Commercial Vehicle Group, Inc. (CVGI) Q1 2024 Earnings Call Transcript

Commercial Vehicle Group (CVGI) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.28 per share a year ago.

Commercial Vehicle Group (CVGI) Misses Q1 Earnings and Revenue Estimates

EPS of $0.09, Adjusted EBITDA of $12.7 million Electrical Systems revenues up 1.9% year-over-year despite a softening in end markets Reaffirming full-year Revenue and Adjusted EBITDA guidance ranges

CVG Reports First Quarter 2024 Results

NEW ALBANY, OH / ACCESSWIRE / March 12, 2024 / Commercial Vehicle Group (CVG) (NASDAQ:CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today introduced a new prototype automation system called STACC, a modular and expandable goods-to-person solution that is expected to be available in multiple configurations for connection to upstream and downstream automation systems. We believe STACC, which stands for Stacked, Tote, Automated, Conveyance Cube, could disrupt traditional micro-fulfillment markets.

CVG Unveils STACC(TM) at MODEX 2024: Revolutionizing Micro Fulfillment

Commercial Vehicle Group, Inc. (CVGI) Q4 2023 Earnings Call Transcript

Fourth quarter sales of $223 million, record annual sales of $995 million  Full year adjusted EBITDA margins increased by 140 bps to 6.8%  Provides outlook and guidance for full year 2024

CVG Reports Fourth Quarter and Full Year 2023 Results

NEW ALBANY, Ohio, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, March 5, 2024, at 10:00 a.m. ET, to discuss fourth quarter and full year 2023 financial results. CVG will issue a press release and presentation prior to the conference call.

CVG Announces Fourth Quarter and Full Year 2023 Earnings Call

NEW ALBANY, Ohio, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (CVG) (NASDAQ: CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today announced that it has sold its FinishTEK business to Rowmark LLC, effective January 31, 2024.

Commercial Vehicle Group Completes Sale of FinishTEK Business to Rowmark LLC

NEW ALBANY, Ohio, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today announced that its Board of Directors (the “Board”) has elected William C. Johnson as an independent director to the Board, effective December 8, 2023. Mr. Johnson will serve on the Compensation Committee and the Nominating, Governance and Sustainability Committee of the Board. He will stand for re-election at the Company's 2024 Annual Meeting of Stockholders.

CVG Announces Election of William C. Johnson to Board of Directors

NEW ALBANY, Ohio, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (“CVG” or the “Company”) (NASDAQ: CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today announced that its Board of Directors has appointed James Ray as the Company's next President and Chief Executive Officer. On December 20, 2023, he will replace Interim CEO Robert Griffin, who will continue in his role as Chairman of the Board of Directors for CVG.

Commercial Vehicle Group Appoints James Ray as President and Chief Executive Officer

NEW ALBANY, Ohio, Nov. 28, 2023 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Andy Cheung, Executive Vice President and Chief Financial Officer, will present at NobleCon19 - Noble Capital Markets' Nineteenth Annual Emerging Growth Equity Conference at Florida Atlantic University, Executive Education Complex on Monday, December 4 at 12:00 p.m. ET. There is also the opportunity to meet management at our breakout session scheduled immediately following our presentation. A link to the webcast and associated presentation materials can be accessed through the investor section of the Company's website at cvgrp.com the following day.

CVG Announces Participation in the NobleCon19 Investor Conference

NEW ALBANY, Ohio, Nov. 08, 2023 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Micro-Cap Virtual Conference on November 15, 2023, at 9:15 a.m. ET. A link to the webcast and associated presentation materials can be accessed through the investor section of the Company's website at cvgrp.com.

CVG Announces Participation in the Sidoti Virtual Micro-Cap Investor Conference

Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Andy Cheung - CFO Bob Griffin - Chairman of the Board and Interim President and CEO Conference Call Participants Joe Gomes - NOBLE Capital John Franzreb - Sidoti Gary Prestopino - Barrington Research Steven Martin - Slater Operator Good morning, ladies and gentlemen, and welcome to the CVG's Third Quarter 2023 Earnings Conference Call. During today's presentation, all parties will be in listen-only mode.

Commercial Vehicle Group, Inc. (CVGI) Q3 2023 Earnings Call Transcript

Commercial Vehicle Group (CVGI) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago.

Commercial Vehicle Group (CVGI) Q3 Earnings Match Estimates

EPS of $0.22, up 100% year-over-year Adjusted EBITDA of $16.6 million, up 16.1% year-over-year Our strategy continues to favorably impact our results as Electrical Systems revenues were up 16.8% year-over-year

News for Commercial Vehicle Group Stock (CVGI)