Company: CVGI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051174
Chunk: 35

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 35
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 expense were allocated to the discontinued operation. The Company has continuing involvement with the cab structures business through a transition services agreement (TSA), pursuant to which the Company and Buyer parties provide certain service to each other for a period of time following the disposition, up to one year. While the transition services are expected to vary in duration depending upon the type of service provided, the Company expects to reduce costs as the transition services are completed. The Company recognized $0.4 million of income related to the transition services agreement for the nine months ended September 30, 2025, which was presented in Continuing operations, Other (income) expense in the Condensed Consolidated Statements of Operations.The following table provides a reconciliation of the individual discontinued operations to the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024. Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Income (loss) from discontinued operations, net of taxCab structures business$(85)$18,814 $(1,620)$22,327 Industrial Automation segment(175)(8,417)(468)(10,739)Total income (loss) from discontinued operations, net of tax$(260)$10,397 $(2,088)$11,588 The following tables present reconciliations of the captions within CVG's Condensed Consolidated Statements of Operations attributable to each discontinued operation for the three and nine months ended September 30, 2025 and 2024. Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Income (loss) from discontinued operations attributable to Cab structures business:Revenues$— $24,795 $(657)$89,187 Cost of revenues— 33,627 878 93,367 Gross profit— (8,832)(1,535)(4,180)Selling, general and administrative expenses— — — — Operating income (loss)— (8,832)(1,535)(4,180)Other (income) expense85 — 85 — Income (loss) before provision for income taxes(85)(8,832)(1,620)(4,180)Provision (benefit) for income taxes of discontinued operations— (425)— 714 Earnings (loss) from discontinued operations - before gain on sale of discontinued operations(85)(8,407)(