Commercial Vehicle Group, Inc. (CVGI) Income Statement Analysis

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Complete financial analysis of Commercial Vehicle Group, Inc. (CVGI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Commercial Vehicle Group, Inc., a leading company in the Auto – Parts industry within the Consumer Cyclical sector.

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Commercial Vehicle Group, Inc. (CVGI)

Industry: Auto - Parts

Sector: Consumer Cyclical

Website: https://cvgrp.com

About Commercial Vehicle Group, Inc.

Commercial Vehicle Group, Inc., together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories. The company offers electrical wire harness assemblies that function as current carrying devices in providing electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial and other vehicles; and panel assemblies. It also offers electro-mechanical assemblies, such as box builds, complex automated and robotic assemblies, and large multi-cabinet control cabinets with power distribution and cabling; vinyl or cloth-covered appliqués, armrests, map pocket compartments, and sound-reducing insulations; instrument panels; and plastics decorating and finishing products. In addition, it provides cab structures; design products, including armrests, grab handles, storage systems, floor coverings, floor mats, sleeper bunks, headliners, wall panels, and privacy curtains; and mirrors, wipers, and controls used in commercial, military and specialty recreational vehicles. Further, it offers seats and seating systems, such as mechanical and air suspension, static and military seats, and bus, as well as seats for medium-and heavy-duty trucks (MD/HD trucks); office seating products; and seats, parts, and components for the aftermarket. The company supplies its products and systems for the commercial vehicle market comprising the MD/HD truck market; and MD/HD truck, bus, construction, mining, agricultural, military, industrial, municipal, off-road recreational, and specialty vehicle markets. Commercial Vehicle Group, Inc. was incorporated in 2000 and is headquartered in New Albany, Ohio.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	994.68M	981.55M	971.58M	717.70M	901.24M	897.74M	755.23M	662.11M	825.34M	839.74M	747.72M	857.92M	832.02M	597.78M	458.57M	763.49M	696.79M	918.75M	754.48M	380.45M	287.58M	298.68M	271.23M	244.96M
Cost of Revenue	859.66M	895.05M	852.59M	643.62M	796.10M	768.89M	662.67M	574.88M	714.52M	732.06M	667.99M	741.38M	716.43M	522.98M	448.91M	689.28M	620.15M	768.91M	620.03M	309.70M	237.88M	249.18M	229.59M	208.08M
Gross Profit	135.02M	86.51M	118.99M	74.08M	105.14M	128.85M	92.57M	87.23M	110.82M	107.69M	79.73M	116.54M	115.59M	74.80M	9.66M	74.21M	76.64M	149.84M	134.45M	70.75M	49.70M	49.50M	41.63M	36.88M
Gross Profit Ratio	13.57%	8.81%	12.25%	10.32%	11.67%	14.35%	12.26%	13.17%	13.43%	12.82%	10.66%	13.58%	13.89%	12.51%	2.11%	9.72%	11.00%	16.31%	17.82%	18.60%	17.28%	16.57%	15.35%	15.06%
Research & Development	6.20M	7.10M	9.10M	6.40M	9.90M	9.50M	7.70M	7.00M	7.40M	6.30M	6.00M	6.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	60.68M	0.00	60.54M	71.47M	72.48M	71.71M	71.95M	65.52M	56.11M	47.87M	62.76M	55.49M	51.95M	44.56M	28.99M	24.28M	23.95M	0.00	21.57M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	85.67M	66.36M	69.41M	64.79M	62.55M	60.68M	59.80M	60.54M	71.47M	72.48M	71.71M	71.95M	65.52M	56.11M	47.87M	62.76M	55.49M	51.95M	44.56M	28.99M	24.28M	23.95M	0.00	21.57M
Other Expenses	-4.90M	-10.46M	878.00K	3.43M	1.95M	1.31M	1.35M	769.00K	152.00K	-215.00K	-139.00K	-69.00K	346.00K	240.00K	389.00K	1.38M	894.00K	414.00K	358.00K	10.23M	185.00K	122.00K	-26.04M	8.29M
Operating Expenses	86.96M	66.36M	69.41M	68.23M	64.50M	61.98M	61.12M	61.85M	72.80M	74.00M	73.29M	72.44M	65.87M	56.35M	48.26M	64.14M	56.39M	52.36M	44.92M	39.22M	24.47M	24.07M	-26.04M	29.86M
Cost & Expenses	946.62M	961.41M	922.00M	711.85M	860.60M	830.86M	723.79M	636.73M	787.32M	806.05M	741.28M	813.82M	782.30M	579.33M	497.18M	753.43M	676.53M	821.28M	664.95M	348.91M	262.35M	273.26M	229.59M	237.94M
Interest Income	0.00	9.83M	11.18M	20.60M	16.86M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	10.69M	9.83M	11.18M	20.60M	19.08M	13.37M	17.80M	18.55M	21.21M	20.93M	21.23M	21.01M	19.57M	16.83M	15.13M	15.39M	14.15M	14.83M	13.20M	7.24M	9.80M	12.94M	14.89M	12.40M
Depreciation & Amortization	17.63M	18.18M	18.50M	18.49M	15.51M	15.27M	15.34M	16.45M	1.33M	1.52M	1.58M	493.00K	346.00K	240.00K	389.00K	19.06M	17.28M	15.88M	12.91M	7.57M	8.60M	9.33M	26.49M	9.08M
EBITDA	64.50M	33.79M	68.53M	-6.44M	53.65M	79.11M	46.54M	45.85M	58.04M	53.24M	36.82M	58.09M	53.83M	33.06M	-66.03M	-186.28M	25.74M	97.47M	89.53M	49.58M	33.83M	34.75M	41.63M	16.10M
EBITDA Ratio	6.48%	0.99%	5.19%	1.19%	4.73%	7.59%	4.34%	4.03%	4.77%	4.19%	1.07%	5.20%	6.02%	3.13%	-9.24%	3.81%	6.96%	11.99%	13.28%	13.03%	13.92%	12.00%	15.52%	6.57%
Operating Income	48.06M	-8.50M	31.96M	5.12M	40.64M	66.87M	31.45M	25.38M	38.03M	33.69M	6.44M	44.10M	49.06M	16.72M	-89.66M	-191.39M	18.82M	97.47M	89.53M	31.53M	25.23M	25.42M	15.60M	7.03M
Operating Income Ratio	4.83%	-0.87%	3.29%	0.71%	4.51%	7.45%	4.16%	3.83%	4.61%	4.01%	0.86%	5.14%	5.90%	2.80%	-19.55%	-25.07%	2.70%	10.61%	11.87%	8.29%	8.77%	8.51%	5.75%	2.87%
Total Other Income/Expenses	-11.89M	-21.21M	-17.46M	-21.33M	-19.08M	-13.37M	-16.36M	-18.08M	-21.21M	-20.93M	-21.23M	-21.01M	-27.37M	-12.05M	-8.17M	-29.33M	-23.66M	-11.68M	-10.98M	-7.60M	-16.00M	-14.04M	-12.54M	-10.44M
Income Before Tax	36.17M	-1.07M	32.13M	-44.50M	21.56M	53.51M	13.65M	6.83M	16.82M	12.76M	-14.79M	23.08M	21.69M	4.66M	-97.83M	-220.73M	-4.84M	85.80M	78.55M	23.93M	9.23M	11.39M	3.06M	-3.42M
Income Before Tax Ratio	3.64%	-0.11%	3.31%	-6.20%	2.39%	5.96%	1.81%	1.03%	2.04%	1.52%	-1.98%	2.69%	2.61%	0.78%	-21.33%	-28.91%	-0.69%	9.34%	10.41%	6.29%	3.21%	3.81%	1.13%	-1.39%
Income Tax Expense	-13.24M	20.90M	8.39M	-7.45M	5.78M	9.00M	15.35M	49.00K	9.76M	5.13M	-2.34M	-26.95M	3.10M	-1.83M	-16.30M	-13.97M	-1.59M	27.75M	29.14M	6.48M	5.27M	5.24M	5.07M	-2.55M
Net Income	49.41M	-21.97M	23.73M	-37.05M	15.78M	44.51M	-1.71M	6.79M	7.06M	7.63M	-12.45M	50.08M	18.61M	6.49M	-81.54M	-206.76M	-3.25M	58.05M	49.41M	17.45M	3.96M	-45.48M	-2.02M	-866.00K
Net Income Ratio	4.97%	-2.24%	2.44%	-5.16%	1.75%	4.96%	-0.23%	1.02%	0.86%	0.91%	-1.66%	5.84%	2.24%	1.09%	-17.78%	-27.08%	-0.47%	6.32%	6.55%	4.59%	1.38%	-15.23%	-0.74%	-0.35%
EPS	1.50	-0.68	0.75	-1.20	0.52	1.47	-0.06	0.23	0.24	0.26	-0.44	1.77	0.67	0.25	-3.74	-9.58	-0.15	2.74	2.54	1.13	0.29	-3.29	-0.15	-0.09
EPS Diluted	1.47	-0.68	0.72	-1.20	0.51	1.46	-0.06	0.23	0.24	0.26	-0.44	1.76	0.66	0.24	-3.74	-9.58	-0.15	2.69	2.51	1.12	0.29	-3.26	-0.15	-0.09
Weighted Avg Shares Out	33.04M	32.33M	31.50M	30.94M	30.60M	30.28M	29.94M	29.53M	29.21M	28.93M	28.28M	28.23M	27.85M	26.25M	21.81M	21.58M	21.44M	21.15M	19.44M	15.44M	13.67M	13.83M	13.89M	9.62M
Weighted Avg Shares Out (Dil)	33.58M	32.33M	32.79M	30.94M	30.82M	30.59M	29.94M	29.88M	29.40M	29.12M	28.58M	28.43M	28.19M	26.99M	21.81M	21.58M	21.44M	21.55M	19.70M	15.58M	13.67M	13.94M	13.89M	9.62M

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July 26, 2024globenewswire.com

NEW ALBANY, Ohio, July 26, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, August 6, 2024, at 8:30 a.m. ET, to discuss second quarter 2024 financial results. CVG will issue a press release...

CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference

June 7, 2024globenewswire.com

NEW ALBANY, Ohio, June 07, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual...

Commercial Vehicle Group (CVGI) Misses Q1 Earnings and Revenue Estimates

May 6, 2024zacks.com

Commercial Vehicle Group (CVGI) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.28 per share a year ago.

CVG Reports First Quarter 2024 Results

May 6, 2024globenewswire.com

EPS of $0.09, Adjusted EBITDA of $12.7 million Electrical Systems revenues up 1.9% year-over-year despite a softening in end markets Reaffirming full-year Revenue and Adjusted EBITDA guidance ranges

CVG Unveils STACC(TM) at MODEX 2024: Revolutionizing Micro Fulfillment

March 12, 2024accesswire.com

NEW ALBANY, OH / ACCESSWIRE / March 12, 2024 / Commercial Vehicle Group (CVG) (NASDAQ:CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today introduced a new prototype...

CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference

March 11, 2024globenewswire.com

NEW ALBANY, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual...

CVG Reports Fourth Quarter and Full Year 2023 Results

March 4, 2024globenewswire.com

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

CVG Announces Fourth Quarter and Full Year 2023 Earnings Call

February 23, 2024globenewswire.com

NEW ALBANY, Ohio, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, March 5, 2024, at 10:00 a.m. ET, to discuss fourth quarter and full year...

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February 1, 2024globenewswire.com

NEW ALBANY, Ohio, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (CVG) (NASDAQ: CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today announced that it has...