US2026081057 - Common Stock
COMMERCIAL VEHICLE GROUP INC
NASDAQ:CVGI (11/5/2024, 8:11:14 PM)
After market: 2.43 +0.03 (+1.25%)2.4
-0.68 (-22.08%)
Commercial Vehicle Group, Inc. engages in the manufacture, supply, and sale of cab related products and systems. The company is headquartered in New Albany, Ohio and currently employs 7,700 full-time employees. The company went IPO on 2004-08-05. The firm delivers solutions to complex design, engineering, and manufacturing problems. The firm's segments include Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation. The Vehicle Solutions segment designs, manufactures and sells commercial vehicle seats and plastic and trim components. The Electrical Systems segment designs, manufactures and sells 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 designs, manufactures, and sells seats and components, commercial vehicle accessories, and office seats. The Industrial Automation segment designs, manufactures and sells warehouse automation subsystems.
COMMERCIAL VEHICLE GROUP INC
7800 Walton Pkwy
New Albany OHIO 43054
P: 16142895360
CEO: Harold C. Bevis
Employees: 7700
Website: https://cvgrp.com/
Shares of vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) fell 23.2% in the pre-market session after the company reported weak third-quarter earnings. Revenue declined significantly year on year due to what management considered a global softening in customer demand. As a result, the company provided underwhelming outlook as its full-year revenue and EBITDA guidance fell short of Wall Street's estimates. Overall, this quarter could have been better.
Top movers in Tuesday's pre-market session
Vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 30.4% year on year to $171.8 million. The company’s full-year revenue guidance of $725 million at the midpoint came in 19.8% below analysts’ estimates. Its GAAP loss of $0.03 per share was also 175% below analysts’ consensus estimates.
Third quarter sales of $172 million, EPS of $(0.03), Adjusted EBITDA of $4.3 millionMakes progress on strategic portfolio actionsProvides updated guidance...
Vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) will be reporting earnings tomorrow after market close. Here’s what to expect.
NEW ALBANY, Ohio, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products...
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