Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 32

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 32
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 25,237 Other (income) expense355 Interest expense4,794 Loss on early extinguishment of debt460 Income before provision for income taxes$(3,404)Six Months Ended June 30, 2024Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotalRevenues$163,201 $112,365 $112,725 $388,291 Cost of revenues141,721 103,556 99,175 344,452 Gross profit21,480 8,809 13,550 43,839 Selling, general & administrative expenses 16,585 8,905 7,023 32,513 Operating income (loss) 1$4,895 $(96)$6,527 $11,326 Corporate and other unallocated costs 25,753 Other (income) expense418 Interest expense4,603 Income before provision for income taxes$552 1.Segment operating income includes allocated corporate operating expenses associated with central services such as procurement, quality, logistics, environmental health and safety, information technology, insurance, finance, credit and collections, treasury and human resources. Operating expenses related to corporate headquarter functions are primarily allocated to each segment based on revenue contribution.2.Unallocated corporate costs include enterprise and governance stewardship which include listing fees, audit fees, compliance costs, insurance costs, Board of Directors fees, and corporate management stock-based compensation expenses. Finally, interest expense, income taxes, and certain other items included in Other (income) expense, which are managed on a consolidated basis, are not allocated to the operating segments.

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17. Other Financial Information

Items reported in inventories consisted of the following: June 30, 2025December 31, 2024Raw materials$86,701 $98,677 Work in process11,383 10,960 Finished goods18,578 18,587 Inventories$116,662 $128,224 Items reported in property, plant, and equipment, net consisted of the following:June 30, 2025December 31, 2024Land and buildings$30,147 $26,613 Machinery and equipment220,926 211,984 Construction in progress4,848 8,075 Property, plant, and equipment, gross255,921 246,672 Less accumulated depreciation(188,150)(177,811)Property,