Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 35

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 35
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 discontinued operations, net of income taxes$(512)$493 $(1,535)$3,513 

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Three Months Ended June 30,Six Months Ended June 30,2025202420252024Income (loss) from discontinued operations attributable to Industrial Automation segment:Revenues$— $4,990 $(150)$9,291 Cost of revenues— 5,123 — 9,922 Gross profit— (133)(150)(631)Selling, general and administrative expenses— 823 — 2,262 Operating income (loss)— (956)(150)(2,893)Other (income) expense143 — 143 — Interest expense— 72 — 137 Income (loss) before provision for income taxes(143)(1,028)(293)(3,030)Provision (benefit) for income taxes of discontinued operations— (234)— (708)Net income (loss) from discontinued operations, net of income taxes$(143)$(794)$(293)$(2,322)The following tables present reconciliations of the captions within CVG's Condensed Consolidated Statements of Cash Flows attributable to discontinued operations for the six months ended June 30, 2025 and 2024. Six Months Ended June 30,20252024CASH FLOWS FROM DISCONTINUED OPERATIONS:Net cash provided by operating activities$306 $8,310 Net cash used in investing activities— (434)Total cash provided by discontinued operations$306 $7,876 

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ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The discussion and analysis below described material changes in financial condition and results of operations as reflected in our condensed consolidated financial statements for the three and six months ended June 30, 2025 and 2024. This discussion and analysis should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2024 Form 10-K.

Business Overview

CVG is a global provider of systems, assemblies and components to the global commercial vehicle market and the electric vehicle market. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve.

We have manufacturing operations in the United States, Mexico, China, United Kingdom, Czech Republic, Ukraine, Morocco,