US2026081057 - Common Stock
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...
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.
NEW ALBANY, Ohio, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products...
NEW ALBANY, Ohio, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy...
NEW ALBANY, Ohio, Sept. 09, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer and Andy...
CVGI stock results show that Commercial Vehicle Group missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Commercial Vehicle Group (NASDAQ:CVGI) just reported results for the second qua...
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 ...
Divestiture streamlines CVG’s focus Important milestone in ongoing long-term growth strategy NEW ALBANY, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) --...
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....
NEW ALBANY, Ohio, June 07, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy...
CVGI stock results show that Commercial Vehicle Group missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Commercial Vehicle Group (NASDAQ:CVGI) just reported results for the first quar...
EPS of $0.09, Adjusted EBITDA of $12.7 millionElectrical Systems revenues up 1.9% year-over-year despite a softening in end marketsReaffirming full-year...
NEW ALBANY, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy...
CVGI stock results show that Commercial Vehicle Group missed analyst estimates for earnings per share and missed on revenue for the fourth quarter of 2023.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Commercial Vehicle Group (NASDAQ:CVGI) just reported results for the fourth qua...
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...
NEW ALBANY, Ohio, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference...
NEW ALBANY, Ohio, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (CVG) (NASDAQ: CVGI), a global leader in the design and manufacturing of...
NEW ALBANY, Ohio, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a global leader in the design and...
Commercial Vehicle Group (CVGI) has appointed James Ray as President and CEO, replacing interim CEO Robert Griffin on December 20, 2023. Mr.
NEW ALBANY, Ohio, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (“CVG” or the “Company”) (NASDAQ: CVGI), a global leader in the design and...
NEW ALBANY, Ohio, Nov. 28, 2023 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Andy Cheung, Executive Vice President and Chief Financial...
NEW ALBANY, Ohio, Nov. 08, 2023 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that Andy Cheung, Executive Vice President and Chief Financial...