Company: CVGI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022764
Chunk: 59

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 59
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Seats and components sold into the commercial vehicle channels that provide repair and refurbishing. These channels include Original Equipment Service ("OES") centers and retail distributors, and are spread across North America, Europe and Asia-Pacific.•Office seats primarily sold into the commercial and home office furniture distribution channels in Europe and Asia-Pacific.The Global Electrical Systems segment designs, manufactures and 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. 

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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 $194,626 Cost of revenues69,951 53,901 47,503 171,355 Gross profit10,846 4,825 7,600 23,271 Selling, general & administrative expenses 8,051 4,382 3,400 15,833 Operating income 1$