Company: CVGI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001628280-25-012913
Chunk: 122

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 122
---
 sells the following products:•Cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies and design and engineering for these applications.•The end markets for these products are 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. The Aftermarket & Accessories segment designs, manufactures and sells the following products:•Seats and components sold into the commercial vehicle channels that provide repair and refurbishing. These channels include OES centers and retail distributors, and are spread across North America, Europe and Asia-Pacific.•Commercial vehicle accessories including wipers, mirrors, and sensors. These products are sold both as Original Equipment and as repair products.

65

•Office seats primarily sold into the commercial and home office furniture distribution channels in Europe and Asia-Pacific.Corporate expenses consist of certain overhead and shared costs that are not allocated to the operations of a segment.The following tables present financial information for the Company's reportable segments for the periods indicated:  For the year ended December 31, 2024Vehicle SolutionsElectrical SystemsAftermarket & AccessoriesTotalRevenues$404,164 $189,626 $129,565 $723,355 Cost of revenues364,936 178,925 106,217 650,078 Gross profit39,228 10,701 23,348 73,277 Selling, general & administrative expenses 21,326 10,252 8,322 39,900 Operating income$17,902 $449 $15,026 $33,377 Corporate and other unallocated costs34,135 Other (income) expense(2,200)Interest expense9,174 Loss on early extinguishment of debt509 Loss before provision for income taxes$(8,241)Capital expenditures, depreciation and restructuring:Capital expenditures$6,794 $5,968 $1,187 Depreciation expense$7,171 $4,616 $1,605 Restructuring$5,936 $3,745 $939 For the year ended December 31, 2023Vehicle SolutionsElectrical SystemsAftermarket & AccessoriesTotalRevenues$469,962 $228,424 $137,083 $835,469 Cost of goods sold410,599 193,027 110,569 714,195