Market Overview

Commercial Vehicle Group: Q3 Earnings Insights

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Shares of Commercial Vehicle Group (NASDAQ:CVGI) rose 4.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 25.00% year over year to $0.21, which beat the estimate of ($0.07).

Revenue of $187,697,000 decreased by 16.73% year over year, which beat the estimate of $164,730,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Commercial Vehicle Group hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 09, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.cvgrp.com%2F&eventid=2633959&sessionid=1&key=4CA27EFA540EB663FB773C5B72D13049&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $7.71

52-week low: $1.24

Price action over last quarter: Up 78.57%

Company Profile

Commercial Vehicle Group Inc is a supplier of cab related products and systems. The operating segments are The Electrical Systems Segment and The Global Seating Segment. The Global Seating Segment manufactures and sells products, such as seats, Office seatings. The Electrical Systems Segment is engaged in electronic wire harness assemblies and trim systems and components. The company supplies products to the various vehicle markets, which include medium-and heavy-construction vehicle market, military, bus, agriculture, mining, industrial equipment and off-road recreational markets. Geographically, it operates through the United States and it also has a business presence internationally.

 

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Posted-In: Earnings News