CVGI
Commercial Vehicle Group, Inc.1.5400
-0.0300-1.91%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
56.57MP/E (TTM)
-Basic EPS (TTM)
-1.47Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
CVG recasts segments for alignment
Commercial Vehicle Group recast its 2024 10-K segment reporting to reflect a January 1, 2025 reorganization into Global Seating, Global Electrical Systems, and Trim Systems and Components, absorbing the Aftermarket & Accessories unit for better customer alignment. This structural tweak sharpens focus on growth amid cyclical truck markets, yet consolidated results stay unchanged—no restatements, just clearer views of ongoing operations. Reorg aids resource allocation.
10-Q
Q2 FY2025 results
Commercial Vehicle Group saw revenues dip 11.3% year-over-year to $172M in Q2 FY2025 ended June 30, 2025, with Global Seating down 9.6% to $74M and Trim Systems and Components off 23.7% to $44M, while Global Electrical Systems held steady at $54M; YTD revenues fell 12.0% to $342M. Gross profit edged down 4.6% to $20M, but operating income slipped just 25.1% to $0.8M amid lower SG&A, yielding a slim 0.5% margin. Yet net loss widened to $4.8M from $1.6M, driven by higher interest expense and a $0.5M loss on debt extinguishment, plus a $1.7M tax provision. Cash climbed to $45M, fueled by $34M operating cash flow; free cash flow hit $29M after $5M capex (derived). Debt restructured in June with a $95M Term Loan due 2030 at SOFR plus 9.75% and $115M ABL facility, cutting total debt to $118M while maintaining covenant compliance. Cash flows strong. Competition from low-cost imports pressures margins.
8-K
Exec resignations shrink board
Commercial Vehicle Group announced COO Scott Reed's resignation effective August 29, 2025, to pursue consulting, leaving a leadership gap in operations. Director Ruth Gratzke also stepped down August 7, 2025, for personal reasons, prompting the board to shrink to six members. No successor details emerged. Transitions expose interim vulnerabilities.
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