CVG Reports First Quarter 2024 Results
Commercial Vehicle Group, Inc. (CVGI)
Last commercial vehicle group, inc. earnings: 3/16 04:45 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.cvgrp.com
Company Research
Source: GlobeNewswire
EPS of $0.09, Adjusted EBITDA of $12.7 millionElectrical Systems revenues up 1.9% year-over-year despite a softening in end marketsReaffirming full-year Revenue and Adjusted EBITDA guidance ranges NEW ALBANY, Ohio, May 06, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights (Compared with prior year, where comparisons are noted) Revenues of $232.1 million, down 11.6% due primarily to a softening in customer demand, partially offset by an increase in Electrical Systems sales.Operating income of $6.6 million, down 55.1%; adjusted operating income of $8.5 million, down 44.8%. The reduction in operating income was driven primarily by lower sales volumes, somewhat offset by reduced SG&A.New business wins in the quarter of approximately $45 million when fully ramped; these wins were concentrated in our Electrical Systems segment, b
Show less
Read more
Impact Snapshot
Event Time:
CVGI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CVGI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CVGI alerts
High impacting Commercial Vehicle Group, Inc. news events
Weekly update
A roundup of the hottest topics
CVGI
News
- Qatar Lubricants Market Gears Up for $61 Billion by 2026: Soaring Industrial Demand and Automotive Growth Drive Expansion: Ken Research [Yahoo! Finance]Yahoo! Finance
- Asia-Pacific EV Charging Communication Unit Industry Report 2023-2024 & 2032: Scaling EV Charging Infrastructure & Interoperability and Future Potential of 5G and AI Fueling Opportunities [Yahoo! Finance]Yahoo! Finance
- Indonesia Auto Finance Market Shifts into High Gear: $20 Billion by 2026 Fueled by Growing Middle Class and Ownership Aspirations: Ken Research [Yahoo! Finance]Yahoo! Finance
- In-Car Electronics and Communications Market Analysis 2024-2034: Insights for Infotainment, Navigation, Telematics, Audio, Connectivity, and Other Systems [Yahoo! Finance]Yahoo! Finance
- Earnings Miss: Commercial Vehicle Group, Inc. Missed EPS By 56% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
CVGI
Earnings
- 5/6/24 - Miss
CVGI
Sec Filings
- 5/16/24 - Form 8-K
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- CVGI's page on the SEC website