C

Commercial Vehicle Group Inc
NASDAQ:CVGI

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Commercial Vehicle Group Inc
NASDAQ:CVGI
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Price: 1.65 USD 0.61% Market Closed
Market Cap: 60.6m USD

Commercial Vehicle Group Inc
Investor Relations

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 7,300 full-time employees. The company went IPO on 2004-08-05. The firm operates through four segments, Vehicle Solutions, Warehouse Automation, Electrical Systems and Aftermarket & Accessories. The Vehicle Solutions segment manufactures commercial vehicle seats, plastic components (trim) and cab structures. The Warehouse Automation segment manufactures warehouse automation subsystems, including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. The Electrical Systems segment manufactures 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 manufactures seats and components; commercial vehicle accessories, including wipers, mirrors and sensors, and office seats.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 11, 2025
AI Summary
Q3 2025

Revenue Decline: Q3 revenue fell to $152.5 million, down from $171.8 million last year, mainly due to softer demand in North America.

Margin Expansion: Adjusted gross margin improved to 12.1%, up both sequentially and year-over-year, highlighting successful operational efficiency initiatives.

Guidance Lowered: Full-year 2025 revenue and adjusted EBITDA guidance were both lowered due to weaker demand and macroeconomic headwinds.

Free Cash Flow Focus: Company remains committed to generating at least $30 million in free cash flow for 2025, despite a negative Q3 free cash flow.

Cost Cutting Progress: Continued reductions in SG&A and manufacturing overhead, with a 15% reduction in SG&A run rate year-over-year.

New Program Ramps: Growth in the Global Electrical Systems segment driven by new business wins, with further ramp-up expected through 2026 and 2027.

Interest Expense Up: Interest expense increased to $4.1 million from $2.4 million last year due to higher rates after debt refinancing.

Proactive Tariff Mitigation: The company is making progress on tariff impact recovery through customer negotiations and supply chain adjustments.

Key Financials
Revenue
$152.5 million
Adjusted Gross Margin
12.1%
Adjusted EBITDA
$4.6 million
Adjusted EBITDA Margin
3.0%
Net Loss
$6.8 million
EPS
($0.20)
Adjusted Net Loss
$4.6 million
Adjusted EPS
($0.14)
Free Cash Flow (Q3)
($3.4 million)
Free Cash Flow (YTD)
$25 million
Interest Expense
$4.1 million
Net Leverage Ratio
4.9x
Global Seating Segment Revenue
$68.7 million
Global Electrical Systems Segment Revenue
$49.5 million
Trim Systems and Components Revenue
$34.3 million
Adjusted Operating Income (Global Seating)
$2.9 million
Adjusted Operating Income (Global Electrical Systems)
$1.4 million
Adjusted Operating Loss (Trim Systems and Components)
$0.3 million loss
SG&A Run Rate
$17 million per quarter
Earnings Call Recording
Other Earnings Calls

Management

Mr. James R. Ray Jr.
President, CEO & Non-Independent Director
No Bio Available
Mr. Chung Kin Cheung
Executive VP & Chief Financial Officer
No Bio Available
Mr. Aneezal H. Mohamed
Chief Legal Officer, Compliance Officer & Secretary
No Bio Available
Ms. Kristin S. Mathers
Chief Human Resources Officer
No Bio Available
Mr. Richard Tajer
Senior VP & Chief Commercial Officer
No Bio Available
Mr. Jeffrey M. Tritapoe
Senior Vice President of Operations
No Bio Available
Ms. Angela M. O'Leary
VP, Corporate Controller & Chief Accounting Officer
No Bio Available
Jason Gray
Marketing Manager
No Bio Available
Mr. Daniel Mehringer
Senior VP of Strategic Planning & Business Development
No Bio Available
Mr. Wern-Lirn Wang
Senior VP & MD of CVG Asia Pacific
No Bio Available

Contacts

Address
OHIO
New Albany
7800 Walton Pkwy
Contacts
+16142895360.0
cvgrp.com