CVG Reports Fourth Quarter and Full Year 2023 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
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 NEW ALBANY, Ohio, March 04, 2024 (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, 2023. Fourth Quarter 2023 Highlights (Compared with prior-year period, where comparisons are noted) Revenue of $223.1 million, down 5.0% due primarily to the impacts of a strike-related labor stoppage at a customer facility and reduced demand across Vehicle Solutions, Industrial Automation and Aftermarket segments; however, Electrical Systems segment continues to show strong growth with 19.4% increased revenue.Operating income of $5.0 million, up $9.0 million; adjusted operating income of $6.6 million, down $1.8 million. Lower adjusted operating income was driven primarily by lower
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
- Automotive Rocker Panel Market to Reach $86,444.32 Million, Globally, by 2033 at 5.1% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- In-Car Electronics and Communications market is projected to grow at a CAGR of 9.6% by 2034: Visiongain [Yahoo! Finance]Yahoo! Finance
- CVG Announces First Quarter 2024 Earnings CallGlobeNewswire
- Automotive Tensioner Market to Reach $4.0 Billion, Globally, by 2032 at 5.6% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Is Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Trading At A 29% Discount? [Yahoo! Finance]Yahoo! Finance
CVGI
Earnings
- 3/4/24 - Miss
CVGI
Sec Filings
- 4/19/24 - Form DEF
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- CVGI's page on the SEC website