Commercial Vehicle Group Inc (CVGI) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Commercial Vehicle Group Inc   (NASDAQ: CVGI)

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Description of Commercial Vehicle Group Inc's Business Segments


Global Truck and Bus Segment Products
Set forth below is a brief description of our products manufactured in the GTB Segment and their applications:
Seats and Seating Systems. We design, engineer and produce Seats for MD/HD Truck, and bus applications. For the most part, our Seats are fully-assembled and ready for installation when they are delivered to the OEM. We offer a wide range of seats that include mechanical and air suspension seats, static seats, bus seats and military seats. As a result of our product design and product technology, we believe we are a leader in designing seats with convenience and enhanced safety features. Our Seats are designed to achieve a high level of operator comfort by adding a wide range of manual and power features such as lumbar support, cushion and back bolsters, and leg and thigh support. Our Seats are built to meet customer requirements in low volumes and produced in numerous feature combinations to form a full-range product line with a wide level of price points. We also manufacture seats, and parts and components for the aftermarket.


Trim Systems and Components. We design, engineer and produce Trim for MD/HD Truck, and recreational and specialty vehicle applications. Our Trim products are used mostly for interior cabs of commercial vehicles as well as exterior components for commercial recreational and specialty vehicles. Our Trim products are designed to provide a comfortable and durable interior along with a variety of functional and safety features for the vehicle occupant. The wide variety of features that can be selected makes Trim a complex and highly specialized product category. Set forth below is a brief description of our principal products in the Trim category:
Trim Products. Our trim products include door panels and other interior trim panels. Specific components include vinyl or cloth-covered appliqués, armrests, map pocket compartments, and sound-reducing insulation ranging from a traditional cut and sew approach to a contemporary molded styling theme.


Instrument Panels. We produce and assemble instrument panels that can be integrated with the rest of the interior trim. The instrument panel is a complex system of coverings and foam, plastic and metal parts designed to house various components and act as a safety device for the vehicle occupant.


Headliners/Wall Panels. Headliners and wall panels consist of a substrate and a finished interior layer made of fabrics and other materials. While headliners and wall panels are an important contributor to interior aesthetics, they also provide insulation from road noise and can serve as carriers for a variety of other components, such as visors, overhead consoles, grab handles, coat hooks, electrical wiring, speakers, lighting and other electronic and electrical products.


Storage Systems. Our modular storage units and custom cabinetry are designed to improve comfort and optimize space for the operator. These storage systems are designed to be integrated with the interior trim.
Floor Covering Systems. We have an extensive and comprehensive portfolio of floor covering systems and dash insulators. Carpet flooring systems generally consist of tufted or non-woven carpet with a thermoplastic backcoating. Non-carpeted flooring systems, used primarily in commercial and fleet vehicles, offer improved wear and maintenance characteristics.

Sleeper Bunks. We offer a wide array of design choices for upper and lower sleeper bunks for heavy trucks. All parts of our sleeper bunks can be integrated to match the rest of the interior trim.


Grab Handles and Armrests. Our grab handles and armrests are designed and engineered with specific attention to aesthetics, ergonomics and strength.
Privacy Curtains. We produce privacy curtains for use in sleeper cabs.


Plastics Decorating and Finishing. We offer customers a wide variety of cost-effective finishes in paint, ultra violet, hard coating and customized industrial hydrographic films, paints and other interior and exterior finishes (simulated appearance of wood grain, carbon fiber, brushed metal, marbles, camouflage and custom patterns).
Cab Structures, Sleeper Boxes, Body Panels and Structural Components. We design, engineer and produce complete cab structures, sleeper boxes, body panels and structural components for MD/HD Trucks. Set forth below is a brief description of our principal products in this category:
Cab Structures. We design, manufacture and assemble complete cab structures. Our cab structures, which are manufactured from both steel and aluminum, are delivered fully assembled and primed for paint.


Sleeper Boxes. We design, manufacture and assemble sleeper boxes that can be part of the overall cab structure or standalone assemblies depending on the customer application.

Bumper Fascias and Fender Liners. We design and manufacture durable, lightweight bumper fascias and fender liners.


Body Panels and Structural Components. We produce a wide range of both steel and aluminum large exterior body panels and structural components for use in production of cab structures and sleeper boxes.


Mirrors, Wipers and Controls. We design, engineer and produce a variety of mirrors, wipers and controls used in commercial vehicles. Set forth below is a brief description of our principal products in this category:

Mirrors. We offer a range of round, rectangular, motorized and heated mirrors and related hardware, including brackets, braces and side bars. We have introduced both road and outside temperature devices that can be mounted on the cab integrated into the mirror face and the vehicle’s dashboard through our RoadWatch™ family of products.


Windshield Wiper Systems. We offer application-specific windshield wiper systems and individual windshield wiper components.
Controls. We offer a range of controls and control systems for window lifts, door locks and electric switch products.
Global Truck and Bus Segment Raw Materials and Suppliers
A description of the principal raw materials we utilize in our GTB Segment’s principal product categories is set forth below:


Seats and Seating Systems. The principal raw materials used in our Seats include steel, resin-based products and foam products and are generally readily available and obtained from multiple suppliers under various supply agreements. Leather, vinyl, fabric and certain components are also purchased from multiple suppliers.

Trim Systems and Components. The principal raw materials used in our Trim are resin and chemical products, foam, vinyl and fabric which are formed and assembled into end products. These raw materials are generally readily available from multiple suppliers.

Cab Structures, Sleeper Boxes, Body Panels and Structural Components. The principal raw materials used in our cab structures, sleeper boxes, body panels and structural components are steel and aluminum, the majority of which we purchase in sheets or coils. These raw materials are generally readily available and obtained from multiple suppliers.

Mirrors, Wipers and Controls. The principal raw materials used to manufacture our mirrors, wipers and controls are steel, stainless steel, aluminum and rubber, which are generally readily available and obtained from multiple suppliers. We also purchase sub-assembled products such as motors for our wiper systems and mirrors.




Composition of Commercial Vehicle Group Inc Revenues by Segments

 
Global Seating    43.62 % of total Revenue
Global Electrical Systems    33.63 % of total Revenue
Trim Systems and Components    23.15 % of total Revenue
Seats    41.66 % of total Revenue
Seats Global Seating    41.66 % of total Revenue
Electrical wire harnesses panels and assemblies    34.65 % of total Revenue
Electrical wire harnesses panels and assemblies Global Seating    1.07 % of total Revenue
Electrical wire harnesses panels and assemblies Global Electrical Systems    33.57 % of total Revenue
Plastic Trim components    17.41 % of total Revenue
Plastic Trim components Trim Systems and Components    17.41 % of total Revenue
Mirrors wipers and controls    6.68 % of total Revenue
Mirrors wipers and controls Global Seating    0.89 % of total Revenue
Mirrors wipers and controls Global Electrical Systems    0.06 % of total Revenue
Mirrors wipers and controls Trim Systems and Components    5.74 % of total Revenue

Q1 three months ended (Mar 31 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Global Seating 74.51 43.62 %
Global Electrical Systems 57.45 33.63 %
Trim Systems and Components 39.54 23.15 %
Seats 71.16 41.66 %
Seats Global Seating 71.16 41.66 %
Electrical wire harnesses panels and assemblies 59.18 34.65 %
Electrical wire harnesses panels and assemblies Global Seating 1.83 1.07 %
Electrical wire harnesses panels and assemblies Global Electrical Systems 57.35 33.57 %
Plastic Trim components 29.74 17.41 %
Plastic Trim components Trim Systems and Components 29.74 17.41 %
Mirrors wipers and controls 11.41 6.68 %
Mirrors wipers and controls Global Seating 1.52 0.89 %
Mirrors wipers and controls Global Electrical Systems 0.10 0.06 %
Mirrors wipers and controls Trim Systems and Components 9.80 5.74 %
Total 170.82 100 %




Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Global Seating 1.49 % -
Global Electrical Systems 13.86 % -
Trim Systems and Components -13.91 % -
Seats -2.12 % -
Seats Global Seating -2.12 % -
Electrical wire harnesses panels and assemblies 15.68 % -
Electrical wire harnesses panels and assemblies Global Seating 158.92 % -
Electrical wire harnesses panels and assemblies Global Electrical Systems 13.67 % -
Plastic Trim components -16.74 % -
Plastic Trim components Trim Systems and Components -16.74 % -
Mirrors wipers and controls 11.77 % -
Mirrors wipers and controls Global Seating - -
Mirrors wipers and controls Global Electrical Systems - -
Mirrors wipers and controls Trim Systems and Components -4.03 % -
Total 0.6 % -73.66 %




Q1 three months ended (Mar 31 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Global Seating 10.43 14 %
Global Electrical Systems 5.77 10.04 %
Trim Systems and Components 3.61 9.14 %
Total 0.90 0.53 %




Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Global Seating 14.75 % -
Global Electrical Systems 44.59 % -
Trim Systems and Components -23.3 % -
Total - -




Annual Report on Commercial Vehicle Group Inc Divisions, Sales by Country

 
Global Seating   Global Seating Segment contribution to total sales 44.3 % of total Revenue
Global Electrical Systems   Global Electrical Systems Segment contribution to total sales 31.34 % of total Revenue
Trim Systems and Components   Trim Systems and Components Segment contribution to total sales 24.46 % of total Revenue
Seats   Seats Segment contribution to total sales 42.74 % of total Revenue
Seats Global Seating   Seats Global Seating Segment contribution to total sales 42.74 % of total Revenue
Electrical wire harnesses panels and assemblies   Electrical wire harnesses panels and assemblies Segment contribution to total sales 31.85 % of total Revenue
Electrical wire harnesses panels and assemblies Global Seating   Electrical wire harnesses panels and assemblies Global Seating Segment contribution to total sales 0.57 % of total Revenue
Electrical wire harnesses panels and assemblies Global Electrical Systems   Electrical wire harnesses panels and assemblies Global Electrical Systems Segment contribution to total sales 31.27 % of total Revenue
Plastic Trim components   Plastic Trim components Segment contribution to total sales 18.99 % of total Revenue
Plastic Trim components Trim Systems and Components   Plastic Trim components Trim Systems and Components Segment contribution to total sales 18.99 % of total Revenue
Mirrors wipers and controls   Mirrors wipers and controls Segment contribution to total sales 6.51 % of total Revenue
Mirrors wipers and controls Global Seating   Mirrors wipers and controls Global Seating Segment contribution to total sales 0.98 % of total Revenue
Mirrors wipers and controls Global Electrical Systems   Mirrors wipers and controls Global Electrical Systems Segment contribution to total sales 0.07 % of total Revenue
Mirrors wipers and controls Trim Systems and Components   Mirrors wipers and controls Trim Systems and Components Segment contribution to total sales 5.46 % of total Revenue
United States   United States Segment contribution to total sales 62.39 % of total Revenue
Czech Republic   Czech Republic Segment contribution to total sales 16.43 % of total Revenue
All other countries   All other countries Segment contribution to total sales 21.27 % of total Revenue
Customer A Global Seats and Trim Systems Components   Customer A Global Seats and Trim Systems Components Segment contribution to total sales 0 % of total Revenue
Customer B Trim Systems and Components   Customer B Trim Systems and Components Segment contribution to total sales 0 % of total Revenue


Twelve months ended 2025
CVGI s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Global Seating 287.25 44.3 %
Global Electrical Systems 203.19 31.34 %
Trim Systems and Components 158.57 24.46 %
Seats 277.14 42.74 %
Seats Global Seating 277.14 42.74 %
Electrical wire harnesses panels and assemblies 206.49 31.85 %
Electrical wire harnesses panels and assemblies Global Seating 3.73 0.57 %
Electrical wire harnesses panels and assemblies Global Electrical Systems 202.76 31.27 %
Plastic Trim components 123.14 18.99 %
Plastic Trim components Trim Systems and Components 123.14 18.99 %
Mirrors wipers and controls 42.23 6.51 %
Mirrors wipers and controls Global Seating 6.38 0.98 %
Mirrors wipers and controls Global Electrical Systems 0.42 0.07 %
Mirrors wipers and controls Trim Systems and Components 35.42 5.46 %
Total 648.39 100 %
United States 404.50 62.39 %
Czech Republic 106.56 16.43 %
All other countries 137.94 21.27 %
Customer A Global Seats and Trim Systems Components 0.00 0 %
Customer B Trim Systems and Components 0.00 0 %


Twelve months ended 2025
CVGI s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Global Seating 35.28 12.28 %
Global Electrical Systems 21.49 10.58 %
Trim Systems and Components 11.61 7.32 %
Total -22.78 -

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Global Seating -8.72 % -6.05 %
Global Electrical Systems 0.03 % 63.04 %
Trim Systems and Components -22.86 % -48.49 %
Seats -11.15 % -
Seats Global Seating -11.15 % -
Electrical wire harnesses panels and assemblies 0.29 % -
Electrical wire harnesses panels and assemblies Global Seating 35.22 % -
Electrical wire harnesses panels and assemblies Global Electrical Systems -0.18 % -
Plastic Trim components -21.03 % -
Plastic Trim components Trim Systems and Components -21.03 % -
Mirrors wipers and controls -14.89 % -
Mirrors wipers and controls Trim Systems and Components -28.61 % -
Total -10.33 % -
United States -19.81 % -
Czech Republic 14.45 % -
All other countries 9.66 % -
Customer A Global Seats and Trim Systems Components 0 % -
Customer B Trim Systems and Components 0 % -
Vehicle Solutions - -
Electrical Systems - -
Aftermarket Accessories - -
Seats Vehicle Solutions - -
Seats Aftermarket Accessories - -
Electrical wire harnesses panels and assemblies Vehicle Solutions - -
Electrical wire harnesses panels and assemblies Electrical Systems - -
Electrical wire harnesses panels and assemblies Aftermarket Accessories - -
Plastic Trim components Vehicle Solutions - -
Plastic Trim components Aftermarket Accessories - -
Mirrors wipers and controls Vehicle Solutions - -
Mirrors wipers and controls Aftermarket Accessories - -
Customer A - -
Customer B - -



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