Company: CVGI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051174
Chunk: 0

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
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Table of Contents

PART I. FINANCIAL INFORMATION

ITEM 1 – FINANCIAL STATEMENTS

COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024(Unaudited)(In thousands, except per share amounts)Revenues$152,489 $171,772 $494,240 $560,063 Cost of revenues136,446 155,351 440,875 500,019 Gross profit16,043 16,421 53,365 60,044 Selling, general and administrative expenses17,104 17,481 52,222 55,531 Operating income (loss)(1,061)(1,060)1,143 4,513 Other (income) expense1,004 (1,033)1,358 (615)Interest expense4,068 2,371 8,862 6,974 Loss on extinguishment of debt— — 460 —  Income (loss) before provision for income taxes(6,133)(2,398)(9,537)(1,846)Provision for income taxes687 (1,515)4,527 (1,110)Net income (loss) from continuing operations(6,820)(883)(14,064)(736)Net income (loss) from discontinued operations - Note 18(260)10,397 (2,088)11,588 Net income (loss)$(7,080)$9,514 $(16,152)$10,852 Earnings (loss) per Common Share:Basic earnings (loss) per shareIncome (loss) from continuing operations$(0.20)$(0.03)$(0.42)$(0.02)Income (loss) from discontinued operations$(0.01)$0.31 $(0.06)$0.35 Diluted earnings (loss) per shareIncome (loss) from continuing operations$(0.20)$(0.03)$(0.42)$(0.02)Income (loss) from discontinued operations$(0.01)$0.31 $(0.06)$0.35 Weighted average shares outstanding:Basic33,885 33,458 33,793