Commercial Vehicle Group Earnings Calls

Q1 2025 (Upcoming)
Release date May 05, 2025
EPS estimate -$0.150
EPS actual -
Revenue estimate 163.502M
Revenue actual -
Expected change +/- 6.81%
Q4 2024 Missed
-$0.150 (-114.29%)
Release date Mar 10, 2025
EPS estimate -$0.0700
EPS actual -$0.150
EPS Surprise -114.29%
Revenue estimate 158.365M
Revenue actual 163.292M
Revenue Surprise 3.11%
Q3 2024 Missed
-$0.0100 (-609.22%)
Release date Nov 04, 2024
EPS estimate -$0.0014
EPS actual -$0.0100
EPS Surprise -609.22%
Revenue estimate 158.365M
Revenue actual 171.772M
Revenue Surprise 8.47%
Q2 2024 Missed
$0.0600 (-64.71%)
Release date Aug 05, 2024
EPS estimate $0.170
EPS actual $0.0600
EPS Surprise -64.71%
Revenue estimate 237.72M
Revenue actual 229.906M
Revenue Surprise -3.29%

Last 4 Quarters for Commercial Vehicle Group

Below you can see how CVGI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024 Missed
Release date Aug 05, 2024
Fiscal end date Jun 30, 2024
Price on release $4.73
EPS estimate $0.170
EPS actual $0.0600
EPS surprise -64.71%
Date Price
Jul 30, 2024 $5.48
Jul 31, 2024 $5.45
Aug 01, 2024 $5.10
Aug 02, 2024 $4.83
Aug 05, 2024 $4.73
Aug 06, 2024 $3.98
Aug 07, 2024 $3.49
Aug 08, 2024 $3.38
Aug 09, 2024 $3.44
4 days before -13.69%
4 days after -27.27%
On release day -15.86%
Change in period -37.23%
Q3 2024 Missed
Release date Nov 04, 2024
Fiscal end date Sep 30, 2024
Price on release $3.08
EPS estimate -$0.0014
EPS actual -$0.0100
EPS surprise -609.22%
Date Price
Oct 29, 2024 $3.08
Oct 30, 2024 $3.01
Oct 31, 2024 $2.91
Nov 01, 2024 $3.01
Nov 04, 2024 $3.08
Nov 05, 2024 $2.40
Nov 06, 2024 $2.74
Nov 07, 2024 $2.56
Nov 08, 2024 $2.53
4 days before 0%
4 days after -17.86%
On release day -22.08%
Change in period -17.86%
Q4 2024 Missed
Release date Mar 10, 2025
Fiscal end date Dec 31, 2024
Price on release $1.86
EPS estimate -$0.0700
EPS actual -$0.150
EPS surprise -114.29%
Date Price
Mar 04, 2025 $1.91
Mar 05, 2025 $2.02
Mar 06, 2025 $2.07
Mar 07, 2025 $2.03
Mar 10, 2025 $1.86
Mar 11, 2025 $1.79
Mar 12, 2025 $1.63
Mar 13, 2025 $1.52
Mar 14, 2025 $1.57
4 days before -2.62%
4 days after -15.86%
On release day -3.76%
Change in period -18.06%
Q1 2025 (Upcoming)
Release date May 05, 2025
Fiscal end date Mar 30, 2025
Price on release -
EPS estimate -$0.150
EPS actual -
Date Price
Apr 16, 2025 $0.86
Apr 17, 2025 $0.90
Apr 21, 2025 $0.83
Apr 22, 2025 $0.95
Apr 23, 2025 $1.03

Commercial Vehicle Group Earnings Call Transcript Summary of Q4 2024

Company Overview and Strategic Focus

CVG emphasized its ongoing efforts to improve its cost structure, diversify end markets, and position for profitable growth.

  • The company divested several non-core businesses, including FinishTEK and its Cab Structures business, and downsized its workforce by approximately 1,300 employees (17% of headcount) in response to market challenges.

Financial Performance

  • Q4 2024 Results:
    • Revenue was $163.3 million, down from $193.7 million in Q4 2023. Adjusted EBITDA dropped to $0.9 million from $8.3 million the previous year.
    • Net loss for the quarter was $35 million ($1.04 loss per diluted share), compared to a net income of $22.6 million ($0.67 per diluted share) in Q4 2023.
    • Full-year revenue declined to $723.4 million from $835.5 million in 2023, with adjusted EBITDA falling to $23.2 million, down from $54.6 million.

Cost Savings Initiatives

  • The restructuring and divestitures are expected to yield $15 million to $20 million in cost savings in 2025, contributing to margin expansion.
  • Operational inefficiencies created during the restructuring process were significant, but 85% of these have been remedied, with full remediation expected in early 2025.

New Business Wins

  • In 2024, CVG secured approximately $97 million in new business. A focus on securing additional new business is expected to ramp up in 2025, with a target of $100 million in new business wins.
  • New opportunities, especially in electrical systems and autonomous vehicles, signal a broader market diversity.

Market Outlook

  • The company anticipates a 5% decline in Class 8 heavy truck volumes, with slight recoveries projected in the latter half of 2025 and anticipated growth in 2026.
  • The construction and agriculture markets are also expected to face declines of 5% to 10% due to macroeconomic factors like high interest rates.

2025 Financial Guidance

  • CVG expects revenue to range between $670 million and $710 million and adjusted EBITDA between $25 million and $30 million, forecasting growth despite continued softness in end markets.
  • The company aims to return to generating positive free cash flow in 2025, focusing on improving working capital and inventory management.

Organizational Change

  • A new organizational structure was implemented with three business units: Global Electrical Systems, Global Seating, and Trim Systems and Components. This structure aims to enhance focus and operational clarity.

Investor Sentiment and Management Commitment

  • Management emphasized their commitment to improving shareholder value, acknowledging past performance and vowing to continue evaluating strategic changes as needed.
  • They recognized the importance of transparent communication and responsiveness to shareholder concerns regarding company performance.

Conclusion

Investors should monitor CVG’s execution of its restructuring strategy, the anticipated growth in new business wins, the recovery of end markets, and the achievement of cost savings targets as indicators of potential turnaround and improvement in financial health.

Commercial Vehicle Group Earnings History

Earnings Calendar

FAQ

When is the earnings report for CVGI?
Commercial Vehicle Group (CVGI) has scheduled its earnings report for May 05, 2025 before the markets open.

What is the CVGI price-to-earnings (P/E) ratio?
CVGI P/E ratio as of Apr 23, 2025 (TTM) is -1.00.

What is the CVGI EPS forecast?
The forecasted EPS (Earnings Per Share) for Commercial Vehicle Group (CVGI) for the first fiscal quarter 2025 is -$0.150.

What are Commercial Vehicle Group's retained earnings?
On its balance sheet, Commercial Vehicle Group reported retained earnings of $163.29 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT COMMERCIAL VEHICLE GROUP
Commercial Vehicle Group
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 fo...
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