Commercial Vehicle Group Inc (CVGI) Reports Mixed Results Amidst Market Challenges [Yahoo! Finance]
Commercial Vehicle Group, Inc. (CVGI)
Last commercial vehicle group, inc. earnings: 3/16 04:45 pm
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US:NASDAQ Investor Relations:
ir.cvgrp.com
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Source: Yahoo! Finance
Net Income: Q4 net income soared to $23.3 million, a significant turnaround from the previous year's net loss of $32.0 million. Adjusted EBITDA: Full year adjusted EBITDA margins increased by 140 basis points to 6.8%, although Q4 saw a decrease. Debt Reduction: CVGI reduced its net debt to $103.7 million, achieving a lower leverage ratio of 1.5x. Segment Performance: Electrical Systems segment grew by 19.4% in Q4, offsetting declines in other segments. 2024 Outlook: CVGI projects net sales between $915 million and $1,015 million, with adjusted EBITDA of $60 to $73 million. Warning! GuruFocus has detected 3 Warning Signs with CVGI. On March 4, 2024, Commercial Vehicle Group Inc ( NASDAQ:CVGI ) released its 8-K filing , detailing its financial performance for the fourth quarter and full year of 2023. CVGI, a leading supplier of cab-related products and systems for the commercial vehicle market, faced a challenging quarter with a 5.0% revenue decline, attributed to a labor s
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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