CVG Reports First Quarter 2025 Results

About this update from Commercial Vehicle Group, Inc.

[{"type":"image","alt":"Commercial Vehicle Group, Inc.","displaySize":"","headline":null,"caption":"Commercial Vehicle Group, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":67,"url":"https://media.zenfs.com/en/globenewswire.com/a398564987f78f1d6b03d25e6eba1c48"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fF8GvHw0ig765OPvepyyjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/a398564987f78f1d6b03d25e6eba1c48","width":300,"height":67}},"lazy":false},{"type":"text","content":"First quarter sales of $170 million, EPS of $(0.09), Adjusted EBITDA of $5.8 millionSignificantly improved free cash flow enables further debt paydownUpdates guidance for full year 2025","length":187,"tagName":"p"},{"type":"text","content":"NEW ALBANY, Ohio, May 06, 2025 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its first quarter ended March 31, 2025.","length":209,"tagName":"p"},{"type":"text","content":"During the quarter, the Company completed a strategic reorganization of its operations into three segments: Global Seating, Global Electrical Systems, and Trim Systems and Components. The results and comparisons presented below reflect continuing operations unless otherwise noted.","length":281,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights (Results from Continuing Operations; compared with prior year, where comparisons are noted)","length":121,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues of $169.8 million, down 12.7%, primarily due to softening in global Construction and Agriculture markets and North America Class 8 truck demand.","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income of $1.4 million, adjusted operating income of $2.1 million, down compared to operating income of $4.5 million and adjusted operating income of $6.3 million. The decrease in operating income was driven primarily by lower sales volumes offset by reductions in SG&A expense.","length":292,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss from continuing operations of $3.1 million, or $(0.09) per diluted share and adjusted net loss of $2.6 million, or $(0.08) per diluted share, compared to net income from continuing o...

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