Company: CVGI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022764
Chunk: 1

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 1
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 $1,945 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

2

COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

March 31, 2025December 31, 2024(Unaudited) (In thousands, except share and per share amounts)ASSETSCurrent Assets:Cash$20,213 $26,630 Accounts receivable, net of allowances of $510 and $554, respectively119,485 118,683 Inventories123,086 128,224 Other current assets30,667 29,763 Total current assets293,451 303,300 Property, plant and equipment, net68,684 68,861 Intangible assets, net3,781 3,918 Deferred income taxes11,381 11,084 Other assets, net42,526 37,410 Total assets$419,823 $424,573 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$85,556 $77,002 Accrued liabilities and other39,136 40,358 Current portion of long-term debt and short-term debt13,906 8,438 Total current liabilities138,598 125,798 Long-term debt103,494 127,062 Pension and other post-retirement benefits8,472 8,143 Other long-term liabilities32,603 27,978 Total liabilities283,167 288,981 Stockholders’ equity:Preferred stock, $0.01 par value (5,000,000 shares authorized; no shares issued and outstanding)$— $— Common stock, $0.01 par value (60,000,000 shares authorized; 33,693,402 and 33,694,396 shares issued and outstanding respectively)337 337 Treasury stock, at cost: 2,252,305 and 2,252,305 shares, respectively(16,468)(16,468)Additional paid-in capital269,887 269,117 Retained deficit(78,363)(74,051)Accumulated other comprehensive loss(38,737)(43,343)Total stockholders’ equity136,656 135,592 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$