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.

NEW ALBANY, Ohio, April 16, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI) announced today that its Board of Directors unanimously approved the termination of the Company's rights agreement, commonly referred to as a "poison pill", which was originally scheduled to expire on June 24, 2021. The rights agreement was amended to accelerate the expiration date to April 15, 2021, effectively terminating the rights agreement as of that date.

CVG Announces Termination of Rights Agreement

NEW ALBANY, Ohio, April 16, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Wednesday, May 5, 2021, at 10:00 a.m. ET, to discuss first quarter 2021 financial results.

CVG Announces First Quarter 2021 Earnings Call

Commercial Vehicle Group (CVGI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Commercial Vehicle Group (CVGI) Surges 7.3%: Is This an Indication of Further Gains?

NEW ALBANY, Ohio, March 18, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, will present virtually at the Sidoti Spring Conference on March 25, 2021, at 11:30 a.m. ET. Management will also meet virtually with investors registered for the conference.

CVG Announces Participation In The Sidoti Spring Conference

Commercial Vehicle Group, Inc. (CVGI) CEO Harold Bevis on Q4 2020 Results - Earnings Call Transcript

Commercial Vehicle Group (CVGI) delivered earnings and revenue surprises of -225.00% and 14.47%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Commercial Vehicle Group (CVGI) Reports Q4 Loss, Tops Revenue Estimates

NEW ALBANY, Ohio, March 9, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Highlights   (Compared with prior-year period, where comparisons are noted) Revenue of $216.0 million, up 14.0% due primarily to growth in warehouse automation.

CVG Reports Fourth Quarter And Full Year 2020 Results

Commercial Vehicle Group (NASDAQ:CVGI) releases its next round of earnings this Wednesday, March 10. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.

A Preview Of Commercial Vehicle Group's Earnings

High warehouse automation and military revenues, primarily attributable to the First Source Electronics buyout, is anticipated to have boosted Commercial Vehicle Group's overall earnings in fiscal Q4.

Commercial Vehicle (CVGI) to Post Q4 Earnings: What to Expect

Commercial Vehicle reports fourth quarter earnings on March 10; better results in the commercial truck space and strong growth in warehouse automation suggest upside. Commercial truck production rates should be much higher in 2021, and CVG should see very strong demand in the warehouse business, while electric trucks will be more about order wins.

Commercial Vehicle Still Early In A Major Business Repositioning

NEW ALBANY, Ohio, March 3, 2021 /PRNewswire/ -- Commercial Vehicle Group (NASDAQ: CVGI), a global leader in the creation in electric systems, has announced a partnership with leading state-of-the-art commercial electric vehicle manufacturer Xos, Inc. to develop sustainability initiatives...

Commercial Vehicle Group Announces Groundbreaking Partnership with Xos, Inc.

NEW ALBANY, Ohio, March 1, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI) announced today that Christopher Bohnert, Chief Financial Officer, will present at the J.P. Morgan Global High Yield and Leveraged Finance Conference on March 2, 2021, at 2:00 p.m. ET. Mr. Bohnert will meet virtually with...

CVG Announces Participation In The J.P. Morgan Global High Yield and Leveraged Finance Conference

NEW ALBANY, Ohio, March 1, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI), announced that effective today, it has amended its $90.0 million asset-based Revolving Credit Facility (the "ABL Facility") with Bank of America, N.A., as agent, and certain financial institutions as lenders, extending...

CVG Extends $90 Million ABL Facility To 2026

NEW ALBANY, Ohio, Feb. 17, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Wednesday, March 10, 2021, at 10:00 a.m. ET, to discuss fourth quarter and fiscal year 2020 financial results. CVG will issue a press release and presentation prior to the...

CVG Announces Fourth Quarter And Fiscal Year 2020 Earnings Call

NEW ALBANY, Ohio, Feb. 16, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, will present at the MicroCap Rodeo Winter Wonderland Conference on February 17, 2021, at 3:00 p.m....

CVG Announces Participation in the MicroCap Rodeo Winter Wonderland Conference

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Does Commercial Vehicle Group (CVGI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Momentum Investors Will Love Commercial Vehicle Group (CVGI)

NEW ALBANY, Ohio, Jan. 5, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, will present at the Sidoti Winter 2021 Virtual Conference on January 14, 2021, at 8:30 a.m. ET....

CVG Announces Participation In The Sidoti Winter 2021 Virtual Conference

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CVGI is an underfollowed, deep value, high growth small cap, and its stock price could more than double. Great management, which is transforming the business to serve the fast-growing electric vehicles and e-commerce markets.

Commercial Vehicle Group Could Double In Value

Commercial Vehicle Group, Inc. (CVGI) CEO Harold Bevis on Q3 2020 Results - Earnings Call Transcript

Commercial Vehicle Group (CVGI) delivered earnings and revenue surprises of 400.00% and 13.78%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Commercial Vehicle Group (CVGI) Q3 Earnings and Revenues Top Estimates

NEW ALBANY, Ohio, Nov. 9, 2020 /PRNewswire/ -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its third quarter ended September 30, 2020. Third Quarter 2020 Highlights (Compared with prior-year period, except where...

CVG Reports Third Quarter 2020 Results

NEW ALBANY, Ohio, Nov. 5, 2020 /PRNewswire/ -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer and Chief Accounting Officer, will present at the Sidoti Microcap Virtual Investor Conference on...

CVG Announces Participation In The Sidoti Microcap Virtual Investor Conference

NEW ALBANY, Ohio, Oct. 26, 2020 /PRNewswire/ -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Monday, November 9, 2020, at 10:00 a.m. ET, to discuss third quarter 2020 financial results. CVG will issue a press release and presentation prior to the conference call....

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