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Commercial Vehicle Group (CVGI)
NASDAQ:CVGI
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.15Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: -49.46%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The call highlighted strategic restructuring and new business wins aimed at long-term growth and efficiency. However, it also reflected significant short-term financial challenges, including revenue declines, net losses, and operational inefficiencies. While cost-saving measures and restructuring efforts were emphasized to improve future performance, immediate financial metrics and market conditions presented notable obstacles.Company Guidance
During the call, CVG provided guidance for the fiscal year 2025, focusing on several key metrics. The company expects revenue to fall within the range of $670 million to $710 million, with adjusted EBITDA projected between $25 million and $30 million. CVG aims to generate $15 million to $20 million in cost savings through efficiency improvements, headcount reduction, and restructuring efforts. The company also anticipates achieving positive free cash flow in 2025, which will be prioritized for debt reduction. Despite a challenging year in 2024, CVG secured approximately $97 million in new business wins, with a significant portion occurring in the Electrical Systems segment, which is expected to drive future growth. The company is also focused on improving operational efficiency, with an emphasis on working capital management and inventory reduction, targeting a net leverage ratio near 2x by the second half of 2026.Strategic Divestitures and Restructuring
CVG sold non-core businesses and facilities, including FinishTEK, Chillicothe, Ohio production facility, Cab Structures, and Industrial Automation, eliminating approximately 1,300 positions or 17% of its headcount to improve operational focus.
New Business Wins and Facility Openings
Secured approximately $97 million in new business wins in 2024, particularly in the Electrical Systems segment, and opened new facilities in Morocco and Aldama, Mexico.
Expected Cost Savings and Margin Expansion
Projected to deliver $15 million to $20 million in cost savings in 2025, with anticipated margin expansion despite expected revenue decline.
Positive Aftermarket Segment Growth
Aftermarket segment achieved a 4% revenue increase in Q4, marking the first year-over-year growth in six quarters.
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CVGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CVGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $1.86 | $1.79 | -3.76% |
| Nov 04, 2024 | $3.08 | $2.40 | -22.08% |
| Aug 05, 2024 | $4.73 | $3.98 | -15.86% |
| May 06, 2024 | $6.02 | $5.60 | -6.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Commercial Vehicle Group (CVGI) report earnings?
Commercial Vehicle Group (CVGI) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Commercial Vehicle Group (CVGI) earnings time?
Commercial Vehicle Group (CVGI) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVGI EPS forecast?
CVGI EPS forecast for the fiscal quarter 2025 (Q1) is -0.15.
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