Commercial Vehicle Group, Inc.
1.5800-0.07 (-4.24%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · CVGI · USD
Key Stats
Market Cap
58.43MP/E (TTM)
-Basic EPS (TTM)
-1.29Dividend Yield
0%Recent Filings
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
CVG Q2 revenues dip, cash flows soar
Commercial Vehicle Group reported Q2 2025 revenues of $172 million, down 11.2% from last year amid softening global demand in construction, agriculture, and Class 8 truck markets. Yet adjusted EBITDA held at $5.2 million, with free cash flow surging to $17.3 million on tight working capital control. The company refinanced its credit facilities for flexibility and raised full-year free cash flow guidance above $30 million, while trimming sales outlook to $650-670 million. Operational tweaks boosted gross margins sequentially.
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.
8-K
{"main":"Commercial Vehicle Group, Inc. (CVG) announced the successful completion of debt refinancing transactions on June 27, 2025, involving a $95 million senior secured term loan and a $115 million senior secured asset-based revolving credit facility, both maturing in 2030. The refinancing extends the maturity of existing debt and provides increased financial flexibility. The term loan carries interest at SOFR plus 9.75% initially, with covenants including a leverage ratio starting at 7.25x. The ABL facility includes a $100 million US subfacility and $15 million UK subfacility, with interest rates based on SOFR, SONIA, or EURIBOR plus margins ranging from 1.50% to 2.00%. TCW Group affiliates received warrants for up to 3,934,776 shares of common stock. The transactions aim to support cost reductions, margin improvements, and operational efficiency while deleveraging the balance sheet.","preview":"CVG completes $210M debt refinancing with $95M term loan and $115M ABL facility maturing 2030; issues warrants for 3.9M shares to TCW."}
{"main":"Commercial Vehicle Group, Inc. (CVG) announced the successful completion of debt refinancing transactions on June 27, 2025, involving a $95 million senior secured term loan and a $115 million senior secured asset-based revolving credit facility, both maturing in 2030. The refinancing extends the maturity of existing debt and provides increased financial flexibility. The term loan carries interest at SOFR plus 9.75% initially, with covenants including a leverage ratio starting at 7.25x. The ABL facility includes a $100 million US subfacility and $15 million UK subfacility, with interest rates based on SOFR, SONIA, or EURIBOR plus margins ranging from 1.50% to 2.00%. TCW Group affiliates received warrants for up to 3,934,776 shares of common stock. The transactions aim to support cost reductions, margin improvements, and operational efficiency while deleveraging the balance sheet.","preview":"CVG completes $210M debt refinancing with $95M term loan and $115M ABL facility maturing 2030; issues warrants for 3.9M shares to TCW."}
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