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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Earnings data Q4 2024

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.

Online, Ship-from-Stock for CVG's Aftermarket Products and more. NEW ALBANY, OH / ACCESSWIRE / April 12, 2023 / CVG (NASDAQ:CVGI) is thrilled to launch its aftermarket e-commerce business to support commercial vehicle operators with the introduction of AftermarketTruckParts.com.

CVG Announces Launch of Aftermarket E-Commerce Business Targeted at Commercial Vehicle Operators

CVG is expanding its global footprint, capacity, and capabilities with new facilities in Morocco and Mexico, which are expected to be operational Q3 of 2023. NEW ALBANY, OH / ACCESSWIRE / April 6, 2023 / CVG (NASDAQ:CVGI), a global supplier of electrical systems, has announced two new plant locations: one in Tangier, Morocco, and another in Aldama, Mexico.

CVG Expands Strategic Footprint to Continue Global Electrification Business Growth

NEW ALBANY, OH / ACCESSWIRE / March 28, 2023 / CVG (NASDAQ:CVGI) announced today the release of its 2022 Environmental, Social and Governance (ESG) Annual Report. The report details CVG's three main ESG focus areas: Maximizing positive impact on the environment and reducing our carbon footprint Increasing diversity and community involvement Ensuring ethical business practices for all stakeholders CVG President and CEO, Harold Bevis, emphasized the importance of integrating ESG into the organization saying, "We believe that our commitment to ESG performance not only makes good business sense but is also crucial to our long-term success and to the future of our planet.

CVG Releases First ESG Report, Highlighting Commitment to Sustainability and Ethical Practices

CVG places Ketteringham at the helm of its Vehicle Solutions business segment for North America and Europe as the company continues to focus on profits, targeted growth and free cash flow NEW ALBANY, OH / ACCESSWIRE / March 8, 2023 / CVG (NASDAQ:CVGI) announced today that Russell Ketteringham has been appointed to the role of President of Vehicle Solutions - North America and Europe, effective March 1, 2023. In this newly formed role, Ketteringham will oversee CVG's North American and European OE seating, cab structures, trim systems and plastics parts businesses.

Commercial Vehicle Group (CVG) Appoints Russell Ketteringham as President, Vehicle Solutions

Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q4 2022 Earnings Conference Call March 7, 2023 10:00 AM ET Company Participants Andy Cheung – Chief Financial Officer Harold Bevis – President and Chief Executive Officer Conference Call Participants John Franzreb – Sidoti & Company Joe Gomes – NOBLE Capital Steve Emerson – Emerson Investment Group Operator Good morning, ladies and gentlemen, and welcome to the CVG's Fourth Quarter and Full Year 2022 Earnings Conference Call. During this presentation, all parties will be in listen-only mode.

Commercial Vehicle Group, Inc. (CVGI) Q4 2022 Earnings Call Transcript

Commercial Vehicle Group (CVGI) delivered earnings and revenue surprises of -75% and 4.31%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Commercial Vehicle Group (CVGI) Q4 Earnings and Revenues Lag Estimates

Fourth quarter sales of $235 million, a 2.6% increase year-over-year Net loss $32.0 million , adjusted EBITDA of $13.3 million, a 3.1% increase in adjusted EBITDA Continued price realization to offset inflation

CVG Reports Fourth Quarter and Full Year 2022 Results

Commercial Vehicle Group has a history of mixed but generally positive financial results. Recently, bottom line results have come under pressure, but this is normal for the company.

Commercial Vehicle Group: A Niche Vehicle-Oriented Firm Worth Considering

NEW ALBANY, Ohio, Feb. 22, 2023 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, March 7, 2023, at 10:00 a.m. ET, to discuss fourth quarter and full year 2022 financial results. CVG will issue a press release and presentation prior to the conference call.

CVG Announces Fourth Quarter and Full Year 2022 Earnings Call

NEW ALBANY, Ohio, Jan. 17, 2023 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti January Micro-Cap Virtual Conference on January 19, 2023, at 10:45 a.m. ET. A link to the webcast can be accessed through the investor section of the Company's website at cvgrp.com. The presentation materials will be posted on the Company Website and be archived there for a period of 30 days.

CVG Announces Participation in the Sidoti Virtual Investor Conference

Currently, Commercial Vehicle Group, Inc. has been trading for $216 million, whereas it has produced approximately $10 million in net profits in the last nine months. In my view, currently, the stock price reflects the fair valuation of the business, and from this price point, it may not produce desirable returns to the investors.

Commercial Vehicle Group: Cyclicality Might Hurt

Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q3 2022 Results Conference Call November 3, 2022 10:00 AM ET Company Participants Andy Cheung - EVP & CFO Harold Bevis - President & CEO Conference Call Participants John Franzreb - Sidoti Operator Good morning, ladies and gentlemen, and welcome to CVG's Third Quarter 2022 Earnings Conference Call. During today's presentation, all parties will be on listen-only mode.

Commercial Vehicle Group, Inc. (CVGI) Q3 2022 Earnings Call Transcript

Commercial Vehicle Group (CVGI) delivered earnings and revenue surprises of -31.82% and 1.80%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

Sales increase of 5%, previously announced pricing and profit recovery showing results New business wins expected to surpass expectations and debt paydown toward higher end of $25-40 million range

CVG Reports Third Quarter 2022 Results

Commercial Vehicle Group (CVGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Commercial Vehicle Group (CVGI) to Report a Decline in Earnings: What to Look Out for

NEW ALBANY, Ohio, Oct. 20, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Thursday, November 3, 2022, at 10:00 a.m. ET, to discuss third quarter 2022 financial results. CVG will issue a press release and presentation prior to the conference call.

CVG Announces Third Quarter 2022 Earnings Call

NEW ALBANY, Ohio, Sept. 26, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, will participate in the Lytham Partners Fall 2022 Investor Conference being held virtually on September 28 and 29, 2022.

CVG Announces Participation in the Lytham Partners Fall 2022 Investor Conference

NEW ALBANY, Ohio, Sept. 19, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, will present virtually at the Sidoti Virtual Small Cap Investor Conference on September 21, 2022, at 9:15 a.m. ET. A link to the webcast can be accessed through the investor section of the Company's website at ir.cvggroup.com. The presentation materials will be posted on the Company Website and be archived there for a period of 30 days.

CVG Announces Participation in the Sidoti Small Cap Virtual Investor Conference

NEW ALBANY, Ohio, Sept. 06, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, will participate in the Barrington Research Virtual Fall Investment Conference on Thursday, September 8, 2022.

CVG Announces Participation in the Barrington Research Virtual Fall Investment Conference

NEW ALBANY, Ohio, Aug. 29, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, will participate in a virtual non-deal roadshow hosted by Sidoti & Company on Tuesday, August 30, 2022.

CVG Announces Participation in Virtual Non-Deal Roadshow Hosted by Sidoti & Company

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RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those expo

Gabelli Funds to Host 46th Annual Auto Symposium October 31st and November 1st

Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Chris Bohnert - CFO Harold Bevis - President and CEO Conference Call Participants John Franzreb - Sidoti Chris Howe - Barrington Research Barry Haimes - Sage Asset Management Operator Good morning, ladies and gentlemen, and welcome to the Commercial Vehicle Group, Inc. Second Quarter 2022 Earnings Call Conference Call. [Operator Instructions] This call is being recorded on Friday, August 1, 2022.

Commercial Vehicle Group, Inc. (CVGI) CEO Harold Bevis on Q2 2022 Results - Earnings Call Transcript

Commercial Vehicle Group (CVGI) delivered earnings and revenue surprises of -23.53% and 2.55%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Commercial Vehicle Group (CVGI) Lags Q2 Earnings Estimates

Quarterly Sales of $250.8 million, EPS $0.08, Adjusted EPS $0.13 Increased pricing with majority of our customers in second half of 2022

CVG Reports Second Quarter 2022 Results

NEW ALBANY, Ohio, July 22, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Friday, August 5, 2022, at 10:00 a.m. ET, to discuss second quarter 2022 financial results. CVG will issue a press release and presentation prior to the conference call.

News for Commercial Vehicle Group Stock (CVGI)