Company: CVGI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022764
Chunk: 21

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 21
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 construction, agricultural, industrial, automotive (both internal combustion and electric vehicles), truck, mining, rail, marine, power generation and the military/defense industries in North America, Europe and Asia-Pacific. 

17

The Trim Systems and Components segment designs, manufactures and sells the following products:•Plastic components ("Trim") primarily for the North America commercial vehicle market, MD/HD truck market and power sports markets.•Commercial vehicle accessories including wipers, mirrors, and sensors. These products are sold both as Original Equipment and as repair products.The following tables present financial information for the Company's reportable segments for the periods indicated: Three Months Ended March 31, 2025Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotalRevenues$73,408 $50,453 $45,934 $169,795 Cost of revenues64,317 46,463 41,222 152,002 Gross profit9,091 3,990 4,712 17,793 Selling, general & administrative expenses 6,378 4,306 3,177 13,861 Operating income (loss) 1$2,713 $(316)$1,535 $3,932 Corporate and other unallocated costs 22,524 Other (income) expense(72)Interest expense2,503 Loss before provision for income taxes$(1,023)Three Months Ended March 31, 2024Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotalRevenues$80,797 $58,726 $55,103 $194,626 Cost of revenues69,951 53,901 47,503 171,355 Gross profit10,846 4,825 7,600 23,271 Selling, general & administrative expenses 8,051 4,382 3,400 15,833 Operating income 1$2,795 $443 $4,200 $7,438 Corporate and other unallocated costs 22,929 Other (income) expense212 Interest expense2,186 Income before provision for income taxes$2,111 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