CVGI
Commercial Vehicle Group, Inc.1.5400
-0.0300-1.91%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
56.57MP/E (TTM)
-Basic EPS (TTM)
-1.47Dividend Yield
0%Recent Filings
10-K
FY2025 results
Commercial Vehicle Group reported FY2025 revenues of $649M, down 10.3% y/y from $723M amid softening Class 8 truck demand, with Q4 contributing to the annual decline as Global Seating fell 8.7% y/y to $287M and Trim Systems & Components plunged 22.9% y/y to $159M, while Electrical Systems held flat at $203M. Gross margins edged up to 10.5% from 10.1% despite lower volumes, thanks to cost controls, but SG&A weighed on results, yielding a slim operating loss of $0.7M versus $0.8M prior year. Q4 momentum faltered with segment sales softening sequentially, though Electrical Systems showed gross margin gains to 10.6% from 6.5%. Year-end debt stood at $105M under new facilities maturing 2030, with $33M cash and $102M revolver availability yielding $135M liquidity; no dividends or buybacks occurred. No annual guidance issued. Freight tonnage declines could stall quarterly recovery.
8-K
CVGI Q4 loss narrows, eyes growth
CVG reported Q4 2025 revenue of $154.8M, down 5.2% from prior year amid softer North American demand, yet narrowed operating loss to $1.8M from $5.3M via gross margin gains and SG&A cuts. Electrical Systems grew 12.7% on new wins like Zoox Robotaxi harness supply. Debt fell $29.1M; guides 2026 sales $660-700M, Adjusted EBITDA $24-30M.
8-K
CVG adds Levy to board
Commercial Vehicle Group appointed Ari B. Levy, from 8.9% holder Lakeview, to its board effective February 5, 2026, expanding to seven directors. Levy joins Audit and Nominating committees; company will nominate him for 2026 annual meeting. Lakeview agreed to standstill curbs and board-voting alignment until mid-2027. New voice secured. Agreement caps Lakeview at 14.99% ownership.
8-K
Q3 sales drop, EBITDA rises
CVG posted Q3 sales of $152.5M, down 11.2% from prior year amid North American demand weakness, yet lifted Adjusted EBITDA to $4.6M, up 7.0%, via margin gains and SG&A cuts. Electrical Systems grew revenues 5.9% on new wins; Seating and Trim faltered. Full-year sales guidance tightened to $640-650M, Adjusted EBITDA $17-19M. Cash focus sharpens.
10-Q
Q3 FY2025 results
Commercial Vehicle Group revenues fell 11% y/y to $152.5M in Q3 ended September 30, 2025, while holding gross profit steady at $16.0M despite cost pressures; YTD revenues dropped 12% to $494.2M with operating income swinging to a $1.1M loss from $4.5M profit. Continuing ops posted a $6.8M net loss, widened by higher interest expense of $4.1M versus $2.4M y/y after refinancing prior facilities with a $95M Term Loan due 2030 (SOFR+9.75%) and $115M ABL revolver. Cash climbed to $31.3M, backed by $32.4M operating cash flow less $7.1M capex (derived FCF $25.3M). Debt trimmed to $108.2M. Global Seating and Electrical Systems each topped 40% of sales. Diluted EPS aligns with 33,885k shares. Refinancing locks in longer maturities. Competition from low-cost providers pressures margins.
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