Why Shares of Commercial Vehicle Group, Inc. Plunged 24% Today [The Motley Fool]
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: The Motley Fool
Growth wasn't enough for investors in Commercial Vehicle Group in the fourth quarter. Travis Hoium ( TMFFlushDraw ) Mar 13, 2018 at 4:48PM What happened Shares of Commercial Vehicle Group, Inc. ( NASDAQ:CVGI ) fell as much as 24% in trading Tuesday after reporting a large fourth-quarter loss. There wasn't much of a bounce off the low with shares trading down 22.3% at 2:55 p.m. EDT. So what On a GAAP basis, revenue was up 25.5% in the fourth quarter to $188.3 million, but the company swung from net income of $400,000 a year ago to a loss of $7.2 million, or $0.24 per share. On a non-GAAP basis, net income was $3.7 million, or $0.12 per share, but even that was a penny below expectations. Image source: Getty Images. A 40% jump in Class 8 truck builds in the fourth quarter drove better results and management said 2018 looks strong as well
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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