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's (NASDAQ: CVGI) AdvancTEK division invests more than $5 million in two additional 2500 ton injection molding machines. The two new machines will go into AdvancTEK's 97,000 square foot, IATF 16949 certified Injection Molding Center in Saltillo, Mexico.

Commercial Vehicle Group To Invest ~$5M In Injection Molding Machines

NEW ALBANY, Ohio, Sept. 23, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI) announced that its AdvancTEK division, one of North America's leading high-tonnage injection molders, is continuing to expand its injection molding capacity and capabilities by investing $5+ million in two additional state-of-the-art, 2500+ ton injection molding machines.

CVG's AdvancTEK Continues to Grow in New Markets

NEW ALBANY, Ohio, Sept. 08, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Peter Ingemi has joined CVG as Vice President of Aftermarket, NPI and Ecommerce, reporting to Harold Bevis, President and Chief Executive Officer.

CVG Announces New Business Leader of Aftermarket, NPI and Ecommerce

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CVG has continued to beat sell-side revenue and EBITDA expectations, as the company benefits from strong commercial vehicle production volumes (trucks and off-road) and strong warehouse automation demand. Management warned of some near-term slowdowns in the warehouse business, and the commercial vehicle business is still a highly cyclical business likely heading toward a 2022 peak.

Commercial Vehicle Group, Inc. Executing Well On Its Transformation Plan

NEW ALBANY, Ohio, Aug. 20, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Kristin Mathers will join CVG on September 1 as the new Chief Human Resources Officer.

CVG Announces New Chief Human Resources Officer

NEW ALBANY, Ohio, Aug. 10, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, are scheduled to virtually participate at the following conferences:

CVG Announces Participation in Three Upcoming Virtual Conferences

Commercial Vehicle Group (CVGI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Commercial Vehicle Group (CVGI) Rating Upgrade to Buy

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Commercial Vehicle Group's (CVGI) CEO Harold Bevis on Q2 2021 Results - Earnings Call Transcript

Commercial Vehicle Group (CVGI) delivered earnings and revenue surprises of 17.86% and 4.35%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

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

Quarterly Sales of $257.9 million, EPS $0.16, Adjusted EPS $0.33

CVG Reports Second Quarter 2021 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.

Commercial Vehicle Group (CVGI) Earnings Expected to Grow: Should You Buy?

NEW ALBANY, Ohio, July 14, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Wednesday, August 4, 2021, at 10:00 a.m. ET, to discuss second quarter 2021 financial results. CVG will issue a press release and presentation prior to the conference call.

CVG Announces Second Quarter 2021 Earnings Call

NEW ALBANY, Ohio, June 30, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that its Board of Directors (the “Board”) has elected Ruth Gratzke and J. Michael Nauman as independent directors to the Board, effective July 1, 2021. Ms. Gratzke will serve on the Audit and Nominating, Governance & Sustainability committees of the Board and Mr. Nauman will serve on the Audit and Compensation committees of the Board. Ms. Gratzke and Mr. Nauman will stand for re-election at the Company's 2022 Annual Meeting of Stockholders.

CVG Announces Election of Two New Directors

NEW ALBANY, Ohio, June 29, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) (“CVG” or the “Company”) today announced that Moody's Investors Service (“Moody's”) assigned a B2 rating to its new senior secured first lien credit facilities with a stable outlook.

CVG Receives B2 Credit Rating from Moody's Investors Service

Commercial Vehicle Group Inc (NASDAQ: CVGI) will be added to the Russell 2000® index after the 2021 Russell indexes annual reconstitution. The addition will be effective after the U.S. market opens today, June 28, 2021.

Commercial Vehicle Group Set to Join Russell 2000 Index

NEW ALBANY, Ohio, June 28, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced that as part of the annual reconstitution of the Russell stock indexes, CVG has been selected to be added to the Russell 2000® index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens today, June 28, 2021.

CVG to Join Russell 2000® Index

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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Commercial Vehicle Group (CVGI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Commercial Vehicle Group (CVGI) Is Still Trading at a Bargain

Commercial Vehicle Group, Inc. (CVGI) CEO Harold Bevis on Q1 2021 Results - Earnings Call Transcript

NEW ALBANY, Ohio, May 06, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, are scheduled to virtually participate at the following conferences:

CVG Announces Participation in Two Upcoming Virtual Conferences

Commercial Vehicle Group (CVGI) delivered earnings and revenue surprises of 285.71% and 12.85%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

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

CVG Reports First Quarter 2021 Results

Commercial Vehicle Group (CVGI) has moved higher as of late, but there could definitely be trouble on the horizon for this company

News for Commercial Vehicle Group Stock (CVGI)