Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 1

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 1
---
,747 33,834 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

1

Table of Contents

COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024 (Unaudited)(In thousands)Net income (loss)$(4,761)$(1,600)$(9,073)$1,338 Other comprehensive income (loss):Foreign currency exchange translation adjustments5,771 (1,297)8,366 (3,856)Minimum pension liability, net of tax83 (391)33 (858)Derivative instruments, net of tax3,914 (3,975)5,975 (1,943)Other comprehensive income (loss)9,768 (5,663)14,374 (6,657)Comprehensive income (loss)$5,007 $(7,263)$5,301 $(5,319)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

2

COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30, 2025December 31, 2024(Unaudited) (In thousands, except share and per share amounts)ASSETSCurrent Assets:Cash$45,290 $26,630 Accounts receivable, net of allowances of $438 and $554, respectively107,369 118,683 Inventories116,662 128,224 Other current assets33,687 29,763 Total current assets303,008 303,300 Property, plant and equipment, net67,771 68,861 Intangible assets, net3,656 3,918 Deferred income taxes12,081 11,084 Other assets, net43,278 37,410 Total assets$429,794 $424,573 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$79,874 $77,002 Accrued liabilities and other40,696 40,358 Current portion of long-term debt and short-term debt5,132 8,438 Total