Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 0

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
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Table of Contents

PART I. FINANCIAL INFORMATION

ITEM 1 – FINANCIAL STATEMENTS

COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024(Unaudited)(In thousands, except per share amounts)Revenues$171,956 $193,665 $341,751 $388,291 Cost of revenues152,427 173,206 304,429 344,668 Gross profit19,529 20,459 37,322 43,623 Selling, general and administrative expenses18,732 19,395 35,117 38,050 Operating  income797 1,064 2,205 5,573 Other (income) expense427 206 355 418 Interest expense2,291 2,417 4,794 4,603 Loss on extinguishment of debt460 — 460 —  Income (loss) before provision for income taxes(2,381)(1,559)(3,404)552 Provision for income taxes1,725 (260)3,841 405 Net income (loss) from continuing operations(4,106)(1,299)(7,245)147 Net income (loss) from discontinued operations - Note 18(655)(301)(1,828)1,191 Net income (loss)$(4,761)$(1,600)$(9,073)$1,338 Earnings (loss) per Common Share:Basic earnings (loss) per shareIncome (loss) from continuing operations$(0.12)$(0.04)$(0.21)$0.01 Income (loss) from discontinued operations$(0.02)$(0.01)$(0.05)$0.03 Diluted earnings (loss) per shareIncome (loss) from continuing operations$(0.12)$(0.04)$(0.21)$0.01 Income (loss) from discontinued operations$(0.02)$(0.01)$(0.05)$0.03 Weighted average shares outstanding:Basic33,799 33,393 33,747 33,359 Diluted33,799 33,393 33