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Commercial Vehicle Group Inc   (NASDAQ: CVGI)
Other Ticker:  
 
 
Price: $1.8100 $-0.12 -6.218%
Day's High: $1.92 Week Perf: -12.14 %
Day's Low: $ 1.81 30 Day Perf: -12.56 %
Volume (M): 425 52 Wk High: $ 6.97
Volume (M$): $ 769 52 Wk Avg: $4.20
Open: $1.91 52 Wk Low: $1.81



 Market Capitalization (Millions $) 61
 Shares Outstanding (Millions) 33
 Employees 8,200
 Revenues (TTM) (Millions $) 856
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) -15
 Capital Exp. (TTM) (Millions $) 19

Commercial Vehicle Group Inc

Commercial Vehicle Group, Inc. is a Delaware (USA) corporation. We were formed as a privately-held company in August 2000. We became a publicly held company in 2004. The Company (and its subsidiaries) is a leading supplier of a full range of cab related products and systems for the global commercial vehicle market, including the medium-and heavy-duty truck (“MD/HD Truck”) market, the medium-and heavy-construction vehicle market, and the military, bus, agriculture, specialty transportation, mining, industrial equipment and off-road recreational markets.


The Company has manufacturing operations in the United States, Mexico, United Kingdom, Czech Republic, Ukraine, China, India and Australia. Our products are primarily sold in North America, Europe, and the Asia-Pacific region.


Our products include seats and seating systems (“Seats”); trim systems and components (“Trim”); cab structures, sleeper boxes, body panels and structural components; mirrors, wipers and controls; and electronic wire harness and panel assemblies specifically designed for applications in commercial and other vehicles.
We are differentiated from automotive industry suppliers by our ability to manufacture low volume, customized products on a sequenced basis to meet the requirements of our customers. We believe our products are used by a majority of the North American MD/HD Truck and certain leading global construction and agriculture original equipment manufacturers (“OEMs”), which we believe creates an opportunity to cross-sell our products.

Our long-term strategic plan is a roadmap by product, geographic region, and end market to guide resource allocation and other decision making to achieve our long-term goals. The overarching goal is to deliver top quartile total shareholder return. To that end, we evaluated our opportunity to grow organically by end market. We currently believe we have approximately 5% market share of the addressable global truck, bus, construction and agriculture end markets. Accordingly, we believe we have significant opportunity to grow organically in our end markets. We evaluated our product portfolio in the context of this organic market growth opportunity and our ability to win in the marketplace. Our core products are Seats, Trim and wire harnesses and our complementary products include structures, wipers, mirrors and office seats. We expect to realize some geographic diversification over the planned period toward the Asia-Pacific region. We also expect to realize some end market diversification more weighted toward the agriculture market, and to a lesser extent the construction market. We intend to allocate resources consistent with our strategic plan; and more specifically, consistent with our core and complementary product portfolio, geographic region and end market diversification objectives. We periodically evaluate our long-term strategic plan in response to significant changes in our business environment and other factors.

Our operations are comprised of two reportable segments: the Global Truck and Bus Segment (“GTB Segment”) and the Global Construction and Agriculture Segment (“GCA Segment”). This is consistent with how the Chief Operating Decision Maker ("CODM"), the Companys President and Chief Executive Officer, manages the business. Each of these segments consists of a number of manufacturing facilities. Generally, the facilities in the GTB Segment manufacture and sell Seats, Trim, wipers, mirrors, structures and other products into the MD/HD Truck and bus markets. Generally, the facilities in the GCA Segment manufacture and sell wire harnesses, Seats and other products into the construction and agriculture markets. Both segments participate in the aftermarket. Certain of our manufacturing facilities manufacture and sell products through both of our segments. Each manufacturing facility that sells products through both segments is reflected in the financial results of the segment that has the greatest amount of sales from that manufacturing facility.


The GTB Segment manufactures and sells the following products:

Seats; Trim; sleeper boxes; and cab structures, structural components and body panels. These products are sold primarily to the MD/HD Truck markets in North America;

Seats to the truck and bus markets in Asia-Pacific and Europe;

Mirrors and wiper systems to the truck, bus, agriculture, construction, rail, and military markets in North America;

Trim to the recreational and specialty vehicle market in North America; and

Aftermarket seats and components in North America.
The GCA Segment manufactures and sells the following products:

Electronic wire harness assemblies and Seats for construction, agricultural, industrial, automotive, mining and military industries in North America, Europe and Asia-Pacific;

Seats to the truck and bus markets in Asia-Pacific and Europe;

Wiper systems to the construction and agriculture market in Europe;

Office seating in Europe and Asia-Pacific; and

Aftermarket seats and components in Europe and Asia-Pacific



   Company Address: 7800 Walton Parkway New Albany 43054 OH
   Company Phone Number: 289-5360   Stock Exchange / Ticker: NASDAQ CVGI


Customers Net Income fell by CVGI's Customers Net Profit Margin fell to

-7.17 %

7.71 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
LEA        0.27% 
MOD   -0.25%    
SRI   -8.15%    
VC        0.57% 
CTS   -3.93%    
JCI        0.86% 
• View Complete Report
   



Business Update

Steering Change Woodson Equity?s Acquisition of First Source Electronics and Its Implications for Commercial Vehicl...

Published Thu, Nov 21 2024 4:47 PM UTC

In an era where automation and efficient logistics are becoming paramount for businesses across sectors, Woodson Equity?s recent acquisition of First Source Electronics (FSE) from Commercial Vehicle Group Inc. (NASDAQ: CVGI) signifies a significant strategic move in the industrial landscape. Announced today, this acquisition encompasses the assets of FSE, a leading provider...

Management Announcement

?Steering through Storms: CVG?s Leadership Transition as a Strategic Move for Market Resilience,

Published Tue, Nov 12 2024 9:06 PM UTC

Navigating Change: Commercial Vehicle Group s Leadership Shake-up Amid Market HeadwindsIn the ever-evolving landscape of the industrial sector, companies often find themselves at a crossroads, challenging their leadership to adapt and pivot strategically. The Commercial Vehicle Group (CVG), a diversified industrial products and services company based in New Albany, Ohio, is ...

Management Changes

Commercial Vehicle Group Strengthens Leadership Team and Streamlines Operations Amid Market Challenges,

Published Thu, Oct 31 2024 8:30 PM UTC

NEW ALBANY, Ohio, Oct. 31, 2024?Commercial Vehicle Group Inc. (CVG), a diversified industrial products and services company, has recently announced significant changes to its executive leadership aimed at refocusing its strategic direction and boosting operational performance amidst challenging market conditions. The appointments of Peter Lugo as President of the Electrical ...

Merger and Acquisition

Commercial Vehicle Group Completes $40 Million Sale of Cab Structures Division to Volvo Group

Published Wed, Oct 2 2024 8:00 PM UTC

Breaking News: Commercial Vehicle Group Sells Cab Structures Business to Volvo Group for $40 MillionNEW ALBANY, Ohio, Oct. 2, 2024 ? In a significant strategic move, Commercial Vehicle Group (CVG) (NASDAQ: CVGI) has finalized the sale of its Cab Structures business, located in Kings Mountain, North Carolina, to a Volvo Group subsidiary. This transaction, effective October 1,...

Management Announcement

Commercial Vehicle Group Streamlines Focus with the Sale of Cab Structures Business

Published Thu, Aug 1 2024 8:00 PM UTC


The Commercial Vehicle Group Inc (CVGI) recently announced the divestiture of its Cab Structures Business, marking a significant milestone in its ongoing long-term growth strategy. This strategic move aims to streamline the company s focus and drive further profitability.
The decision to divest the Cab Structures Business aligns with CVGI s efforts to optimize its o...







Commercial Vehicle Group Inc's Segments
Seats    44.16 % of total Revenue
Electrical wire harnesses panels and assemblies    27.8 % of total Revenue
Plastic Trim components    21.69 % of total Revenue
Mirrors wipers and controls    6.55 % of total Revenue
Vehicle Solutions    56.76 % of total Revenue
Vehicle Solutions Seats    34.65 % of total Revenue
Vehicle Solutions Electrical wire harnesses panels and assemblies    0.55 % of total Revenue
Vehicle Solutions Plastic Trim components    21.21 % of total Revenue
Vehicle Solutions Mirrors wipers and controls    0.36 % of total Revenue
Electrical Systems    25.31 % of total Revenue
Electrical Systems Electrical wire harnesses panels and assemblies    25.31 % of total Revenue
Aftermarket and Accessories    18.14 % of total Revenue
Aftermarket and Accessories Seats    9.52 % of total Revenue
Aftermarket and Accessories Electrical wire harnesses panels and assemblies    1.94 % of total Revenue
Aftermarket and Accessories Plastic Trim components    0.49 % of total Revenue
Aftermarket and Accessories Mirrors wipers and controls    6.19 % of total Revenue

  Commercial Vehicle Group Inc Outlook

On March 4 2024 the Commercial Vehicle Group Inc provided following guidance

Commercial Vehicle Group Inc. announced its financial results for the fourth quarter and full year 2023. In the fourth quarter, the company reported sales of $223 million, marking a significant increase from previous periods. Additionally, the company achieved record annual sales of $995 million, demonstrating strong performance throughout the year.

Furthermore, the full year adjusted EBITDA margins increased by 140 basis points to 6.8%, indicating improved profitability and operational efficiency. This growth in margins reflects the company's commitment to driving sustainable growth and enhancing shareholder value.

Looking ahead, Commercial Vehicle Group Inc. provided outlook and guidance for ...





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