Commercial Vehicle Group, Inc. (CVGI) Q1 2025 Earnings Call Transcript |
Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q1 2025 Results Conference Call May 7, 2025 8:30 AM ET Company Participants Andy Cheung - Chief Financial Officer James Ray - President & Chief Executive Officer Conference Call Participants Joe Gomes - NOBLE Capital Gary Prestopino - Barrington Research John Franzreb - Sidoti & Company Operator Good morning, ladies and gentlemen, and welcome to CVG's First Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. |
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2025-05-07 20:00:30 |
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Commercial Vehicle Group (CVGI) Reports Q1 Loss, Tops Revenue Estimates |
Commercial Vehicle Group (CVGI) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.13 per share a year ago. |
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2025-05-06 23:20:35 |
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CVG Reports First Quarter 2025 Results |
First quarter sales of $170 million, EPS of $(0.09), Adjusted EBITDA of $5.8 million Significantly improved free cash flow enables further debt paydown Updates guidance for full year 2025 |
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2025-05-06 21:00:00 |
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Board Member Robert Griffin to Retire; William Johnson to Become Chairman of the Board |
NEW ALBANY, Ohio, April 04, 2025 (GLOBE NEWSWIRE) -- Commercial Vehicle Group, Inc. (the “Company” or “CVG”) announced the retirement of Robert C. Griffin, from the Board of Directors of the Company, effective May 15, 2025, without standing for re-election at the 2025 annual meeting of stockholders. |
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2025-04-04 12:00:00 |
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Commercial Vehicle Group, Inc. (CVGI) Q4 2024 Earnings Call Transcript |
Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q4 2024 Earnings Conference Call March 11, 2025 8:30 AM ET Company Participants Andy Cheung - Executive Vice President, Chief Financial Officer & Information Technology James Ray - President & Chief Executive Officer Conference Call Participants Joe Gomes - NOBLE Capital John Franzreb - Sidoti Company Gary Prestopino - Barrington Research Douglas Dethy - DC Capital Partners Steven Martin - Slater Capital Management Operator Good morning ladies and gentlemen. Welcome to CVG's Fourth Quarter 2024 Earnings Conference Call. |
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2025-03-11 16:53:03 |
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CVG Reports Fourth Quarter and Full Year 2024 Results |
Accelerating operational momentum through strategic portfolio actions Provides outlook and guidance for full year 2025 NEW ALBANY, Ohio, March 10, 2025 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2024. As a result of completing our strategic portfolio actions, the following are reported as discontinued operations: (1) the Industrial Automation segment, and (2) the financial information from the Cab Structures facility that was previously reported in Vehicle Solutions and Aftermarket and Accessories. |
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2025-03-10 19:00:00 |
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CVG Announces Fourth Quarter and Full Year 2024 Earnings Call |
NEW ALBANY, Ohio, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, March 11, 2025, at 8:30 a.m. ET, to discuss fourth quarter and full year 2024 financial results. CVG will issue a press release and presentation prior to the conference call. |
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2025-02-26 18:05:00 |
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CVG Appoints Scott Reed as Chief Operating Officer |
NEW ALBANY, Ohio, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, is pleased to announce the appointment of Scott Reed as Chief Operating Officer, effective February 13, 2025. Mr. Reed comes to CVG with more than 30 years of diverse business and leadership experience in industrial and manufacturing organizations. |
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2025-02-13 18:01:00 |
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Hidden Gems: 3 Value Stocks to Watch for Strong 2025 Returns |
MarketBeat reported late in 2024 on an opportunity for investors to capitalize on ultra-low spreads between value and growth stocks, with Goldman Sachs' chief global equity strategist expecting risk-adjusted return picks—those with mostly room to grow—as a particularly strong option for 2025. Value stocks offer investors strong upside potential while also potentially minimizing downside risk as a result of their relatively low price point. |
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2025-01-06 09:31:33 |
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CVG Announces Election of Jeffrey S. Niew to Board of Directors |
NEW ALBANY, Ohio, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that its Board of Directors (the “Board”) has elected Jeffrey S. Niew (58 years old) as an independent director to the Board, effective December 16, 2024. |
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2024-12-12 18:05:00 |
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Woodson Equity Acquires Commercial Vehicle Group's First Source Electronics Business |
WASHINGTON--(BUSINESS WIRE)--Woodson Equity announced today the acquisition of the assets of the First Source Electronics business from Commercial Vehicle Group (NASDAQ: CVGI). First Source Electronics is a leading provider of automation solutions for warehouses, industrial sectors, and other critical industries. Trusted by global blue-chip corporations, First Source Electronics offers control panels, electro mechanical systems, and cable assemblies. First Source Electronics' patented micro ful. |
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2024-11-21 12:30:00 |
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Commercial Vehicle Group, Inc. (CVGI) Q3 2024 Earnings Call Transcript |
Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants James Ray - President & Chief Executive Officer Andy Cheung - Executive Vice President, Chief Financial Officer & Information Technology Conference Call Participants Joe Gomes - Noble Capital John Franzreb - Sidoti Company Gary Prestopino - Barrington Research Steven Martin - Slater Capital Management Operator Good morning, ladies and gentlemen, and welcome to the CVGI Third Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode. |
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2024-11-05 17:10:26 |
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Commercial Vehicle Group (CVGI) Reports Q3 Loss, Lags Revenue Estimates |
Commercial Vehicle Group (CVGI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.22 per share a year ago. |
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2024-11-04 20:42:14 |
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Commercial Vehicle Group Announces New Executive Appointments to Accelerate Performance |
NEW ALBANY, Ohio, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, is pleased to announce the appointment of two leaders to its executive leadership team. Peter Lugo joins the Company as President of our Electrical Systems segment, effective November 1, 2024. Mr. Lugo succeeds Richard Tajer, who will remain an employee of the Company until December 31, 2024. In addition, Carlos Jimenez has joined as Executive Vice President, Global Operations and Supply Chain. These appointments support CVG's goals of growing its Electrical Systems business and improving overall operational execution, respectively. Both executives will report to James Ray, President and Chief Executive Officer of CVG. |
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2024-10-31 18:30:00 |
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CVG Announces Third Quarter 2024 Earnings Call |
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. |
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2024-10-22 21:15:00 |
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CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference |
NEW ALBANY, Ohio, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual Conference on September 19, 2024, at 11:30 a.m. ET. A link to the webcast and associated presentation materials can be accessed through the investor section of the Company's website at cvgrp.com . |
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2024-09-16 22:15:00 |
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CVG Announces Participation in the Barrington Research Fall Investment Conference |
NEW ALBANY, Ohio, Sept. 09, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer and Andy Cheung, Executive Vice President and Chief Financial Officer, will meet with investors registered at the Barrington Research Virtual Fall Investment Conference on September 12, 2024. A link to the presentation materials to be used in the meetings will be accessible through the investor section of the Company's website at cvgrp.com. |
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2024-09-09 21:30:00 |
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Commercial Vehicle Group, Inc. (CVGI) Q2 2024 Earnings Call Transcript |
Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Andy Cheung - Chief Financial Officer James Ray - President and Chief Executive Officer Conference Call Participants John Franzreb - Sidoti & Company Operator Good morning, ladies and gentlemen, and welcome to the CVG Q2 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode. |
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2024-08-09 22:18:05 |
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Commercial Vehicle Group (CVGI) Q2 Earnings and Revenues Lag Estimates |
Commercial Vehicle Group (CVGI) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.32 per share a year ago. |
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2024-08-05 23:31:30 |
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CVG Reports Second Quarter 2024 Results |
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 Strategic actions taken to strengthen Vehicle Solutions Business Provides updated guidance for full year 2024 NEW ALBANY, Ohio, Aug. 05, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Highlights (Compared with prior year, where comparisons are noted) Revenues of $229.9 million, down 12.3%, due primarily to a global softening in customer demand. |
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2024-08-05 20:40:00 |
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CVG Announces Second Quarter 2024 Earnings Call |
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. ET, to discuss second quarter 2024 financial results. CVG will issue a press release and presentation prior to the conference call. |
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2024-07-26 13:25:00 |
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CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference |
NEW ALBANY, Ohio, June 07, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual Conference on June 13, 2024, at 9:15 a.m. ET. A link to the webcast and associated presentation materials can be accessed through the investor section of the Company's website at cvgrp.com. |
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2024-06-07 13:00:00 |
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Commercial Vehicle Group (CVGI) Misses Q1 Earnings and Revenue Estimates |
Commercial Vehicle Group (CVGI) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.28 per share a year ago. |
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2024-05-06 23:36:05 |
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CVG Reports First Quarter 2024 Results |
EPS of $0.09, Adjusted EBITDA of $12.7 million Electrical Systems revenues up 1.9% year-over-year despite a softening in end markets Reaffirming full-year Revenue and Adjusted EBITDA guidance ranges |
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2024-05-06 21:22:00 |
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CVG Unveils STACC(TM) at MODEX 2024: Revolutionizing Micro Fulfillment |
NEW ALBANY, OH / ACCESSWIRE / March 12, 2024 / Commercial Vehicle Group (CVG) (NASDAQ:CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today introduced a new prototype automation system called STACC, a modular and expandable goods-to-person solution that is expected to be available in multiple configurations for connection to upstream and downstream automation systems. We believe STACC, which stands for Stacked, Tote, Automated, Conveyance Cube, could disrupt traditional micro-fulfillment markets. |
accesswire.com |
2024-03-12 10:30:00 |
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CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference |
NEW ALBANY, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual Conference on March 14, 2024, at 9:15 a.m. ET. A link to the webcast and associated presentation materials can be accessed through the investor section of the Company's website at cvgrp.com. |
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2024-03-11 18:45:00 |
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CVG Reports Fourth Quarter and Full Year 2023 Results |
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 and guidance for full year 2024 |
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2024-03-04 19:00:00 |
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CVG Announces Fourth Quarter and Full Year 2023 Earnings Call |
NEW ALBANY, Ohio, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, March 5, 2024, at 10:00 a.m. ET, to discuss fourth quarter and full year 2023 financial results. CVG will issue a press release and presentation prior to the conference call. |
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2024-02-23 11:00:00 |
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Commercial Vehicle Group Completes Sale of FinishTEK Business to Rowmark LLC |
NEW ALBANY, Ohio, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (CVG) (NASDAQ: CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today announced that it has sold its FinishTEK business to Rowmark LLC, effective January 31, 2024. |
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2024-02-01 11:00:00 |
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