Commercial Vehicle Group (CVGI)
NASDAQ:CVGI
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced picture: meaningful operational and cash-flow improvements (margin expansion, strong free cash flow, >$35M debt reduction, and accelerated growth in the Global Electrical Systems segment including the Zoox win) offset by significant top-line pressure (full-year revenue down ~10%), pronounced weakness in Trim Systems & Components (revenues down >22%) and ongoing demand volatility in North American Class 8 markets. Management provided constructive 2026 guidance that assumes a gradual market recovery, but the guidance range is wide and subject to macro and OEM scheduling risks.Company Guidance
Improved Profitability and Margins
Adjusted gross margin of 10.3% in Q4 2025, up 190 basis points year-over-year; consolidated adjusted EBITDA improved to $2.3M in Q4 (1.5% margin, up 90 bps YoY). Operational efficiency and SG&A reduction drove margin expansion despite softer demand.
Strong Free Cash Flow and Debt Reduction
Full-year free cash flow ~ $33.7M (management also cited $33.4M), up ~$21.5M YoY and ahead of guidance; free cash flow enabled >$35M net debt reduction and lowered net leverage to 4.1x from 4.7x at year-end 2024.
Global Electrical Systems Segment Acceleration
GES Q4 revenue $49.7M, up 12.7% YoY; Q4 adjusted operating income rose by $3.9M YoY to $0.9M. Full-year GES adjusted operating income improved by $4.6M YoY to $3.8M. Management expects GES growth of >10% in 2026 driven by ramping wins.
Zoox Program Win and Facility Utilization
New contract with Zoox for low-voltage harnesses; Aldama, Mexico facility expected to reach full utilization over program life. Zoox provided planning to support 10,000 vehicles/year long-term (~5,000 annualized in early years), with volumes ramping in H2 2026 — accretive to GES margins and utilization.
Working Capital and CapEx Improvements
Inventory reduced by ~$10M in 2025; improvements in accounts receivable and working capital execution drove quarterly free cash flow from continuing ops of $8.7M vs $0.8M prior-year quarter. Capital expenditures down ~$7M in 2025.
Seating Aftermarket Strength and Efficiency Gains
Global Seating Q4 revenue $70.7M (down 5.6% YoY) but aftermarket seats sales up 7% YoY; Q4 adjusted operating income improved to $1.8M (increase of $1.2M YoY). Full-year seating adjusted operating income rose $4.9M to $10.5M driven by operational efficiencies and SG&A cuts.
2026 Guidance — Recovery and Growth Expected
2026 guidance: net sales $660M–$700M (≈+5% at midpoint vs 2025) and adjusted EBITDA $24M–$30M (≈+50% at midpoint vs 2025). Company expects positive free cash flow in 2026 and continued debt paydown toward a 2x leverage target.
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
CVGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 10, 2026 | $1.62 | $2.03 | +25.31% |
Nov 10, 2025 | $1.50 | $1.50 | 0.00% |
Aug 04, 2025 | $1.85 | $1.80 | -2.70% |
May 06, 2025 | $0.90 | $1.03 | +14.44% |
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.
FAQ
When does Commercial Vehicle Group (CVGI) report earnings?
Commercial Vehicle Group (CVGI) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Commercial Vehicle Group (CVGI) earnings time?
Commercial Vehicle Group (CVGI) earnings time is at May 05, 2026, After Close (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 2026 (Q1) is -0.14.