# EDGAR Filing Document

**Accession Number:** 0001290900
**File Stem:** 0001628280-26-030670
**Filing Date:** 2026-5
**Character Count:** 31945
**Document Hash:** 8e9a13b65040ad6730306257a39ed71b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-030670.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001628280-26-030670

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260505

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Commercial Vehicle Group, Inc.
- **CENTRAL INDEX KEY:** 0001290900
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 411990662
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34365
- **FILM NUMBER:** 26944019

**BUSINESS ADDRESS:**
- **STREET 1:** 7800 WALTON PARKWAY
- **CITY:** NEW ALBANY
- **STATE:** OH
- **ZIP:** 43054
- **BUSINESS PHONE:** 614 289 5360

**MAIL ADDRESS:**
- **STREET 1:** 7800 WALTON PARKWAY
- **CITY:** NEW ALBANY
- **STATE:** OH
- **ZIP:** 43054

?xml version='1.0' encoding='ASCII'? cvgi-20260505

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of Earliest Event Reported): May 5, 2026** 

**Commercial Vehicle Group, Inc.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-34365** | **41-1990662** |
| **(State or other jurisdiction** | **(Commission** | **(I.R.S. Employer** |
| **of incorporation)** | **File Number)** | **Identification No.)** |

---

---

| | |
|:---|:---|
| **7800 Walton Parkway, New Albany, Ohio** | **43054** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code: 614-289-5360**

**Not Applicable**

**Former name or former address, if changed since last report**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.01 per share | CVGI | The NASDAQ Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

---

| | |
|:---|:---|
| Emerging growth company | ☐ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ◻ |

---

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**Item 2.02. Results of Operations and Financial Condition.**

On May 5, 2026, Commercial Vehicle Group, Inc. (the "Company") issued the press release attached hereto as Exhibit 99.1 announcing earnings for the first quarter ended March 31, 2026.

The information, including exhibit 99.1 hereto, the registrant furnished in this report is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing.

**Item 7.01. Regulation FD Disclosure.**

The information set forth under Item 2.02 is incorporated into this Item 7.01 by reference.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibit

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| <u>[99.1](cvgq12026earningsrelease.htm)</u> | First quarter ended March 31, 2026 earnings press release dated May 5, 2026. |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | COMMERCIAL VEHICLE GROUP, INC. | COMMERCIAL VEHICLE GROUP, INC. |
| May 5, 2026 | By: | */s/ Angela M. O'Leary* |
|  | Name: | Angela M. O'Leary |
|  | Title: | Interim Chief Financial Officer<br>(Principal Financial Officer) |

---

## Exhibit 99.1

![newsrelease-newversionx116a.jpg](newsrelease-newversionx116a.jpg)

Exhibit 99.1

**CVG REPORTS FIRST QUARTER 2026 RESULTS**

***First quarter sales of $171 million, EPS of $0.03, Adjusted EBITDA of $4.8 million***

***Returns to revenue growth at the consolidated level***

***Accelerates leverage reduction through sale-leaseback transaction***

***Reaffirms full-year guidance***

NEW ALBANY, OHIO (May 5, 2026) - CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its first quarter ended March 31, 2026.

**First Quarter 2026 Highlights** *(Results from Continuing Operations; compared with prior year, where comparisons are noted)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenues of $171.5 million, up 1.0%, primarily driven by 14% growth in our Global Electrical Systems segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating income of $14.7 million, which included $14.0 million gain on sale of assets, was up $13.3 million, compared to $1.4 million. Adjusted operating income of $2.0 million, relatively flat compared to $2.1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income from continuing operations of $0.9 million, or $0.03 per diluted share and adjusted net loss of $3.4 million, or $(0.10) per diluted share, compared to net loss from continuing operations of $3.1 million, or $(0.09) per diluted share and adjusted net loss of $2.6 million, or $(0.08) per diluted share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA of $4.8 million, down 17.2%, with an adjusted EBITDA margin of 2.8%, down from 3.4%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross margin expansion of 180 basis points versus Q4 2025 and 100 basis points versus Q1 2025 due to increased revenues and operational efficiency improvements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Completed sale-leaseback of Vonore, Tennessee manufacturing facility, facilitating debt reduction of $12.8 million since the end of 2025.

James Ray, President and Chief Executive Officer, said, "During the quarter, we executed in-line with our operational priorities while navigating a demand environment that, while still below historical levels, is showing signs of stabilization in key end markets. We were encouraged by our ability to deliver sequential margin improvement resulting from operational efficiency and footprint rationalization efforts we have implemented across the organization."

Mr. Ray continued, "Importantly, we are beginning to see early indications of improved customer activity in select markets, with our Global Seating segment returning to top line growth, and our Global Electrical Systems segment continuing to benefit from new business ramps and a more diversified end market mix driving consistent growth. As evidence of the ramp success, we are officially in production on the Zoox robotaxi program. With Class 8 truck production projected to increase in 2026, our focus remains on disciplined execution, cost management, and positioning CVG to capitalize on improving demand trends as they materialize."

------

Angie O'Leary, Interim Chief Financial Officer, added, "Our results this quarter reflect the benefits of sustained cost discipline and working capital execution. We further strengthened our balance sheet through the sale-leaseback transaction of our Vonore facility, with the proceeds used to pay down debt. As end market conditions show early signs of improvement, we remain focused on improving margins, driving free cash flow, and increasing financial flexibility to support the expected future growth of the business."

**<u>First Quarter Financial Results from Continuing Operations</u>**

*(amounts in millions except per share data and percentages)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **First Quarter** | **First Quarter** | | |
| | **2026** | **2025** |<br>**$ Change** |<br>**% Change** |
| Revenues | $171.5 | $169.8 | $1.7 | 1.0% |
| Gross profit | $19.8 | $17.8 | $2 | 11.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross margin | 11.5% | 10.5% |  |  |
| Adjusted gross profit <sup>1</sup> | $21 | $18.3 | $2.7 | 14.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted gross margin <sup>1</sup> | 12.2% | 10.8% |  |  |
| Operating income | $14.7 | $1.4 | $13.3 | 950.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating margin | 8.6% | 0.8% |  |  |
| Adjusted operating income <sup>1</sup> | $2 | $2.1 | $(0.1) | (4.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted operating margin <sup>1</sup> | 1.2% | 1.2% |  |  |
| Net income (loss) from continuing operations | $0.9 | $(3.1) | $4 | NM<sup>2</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income (loss) from continuing operations <sup>1</sup> | $(3.4) | $(2.6) | $(0.8) | 30.8% |
| Earnings (loss) per share, diluted | $0.03 | $(0.09) | $0.12 | NM<sup>2</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted earnings (loss) per share, diluted <sup>1</sup> | $(0.10) | $(0.08) | $(0.02) | 25.0% |
| Adjusted EBITDA <sup>1</sup> | $4.8 | $5.8 | $(1.0) | (17.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted EBITDA margin <sup>1</sup> | 2.8% | 3.4% |  |  |
| <sup>1</sup> See Appendix A for GAAP to Non-GAAP reconciliation | <sup>1</sup> See Appendix A for GAAP to Non-GAAP reconciliation | <sup>1</sup> See Appendix A for GAAP to Non-GAAP reconciliation |  |  |
| <sup>2</sup> Not meaningful | <sup>2</sup> Not meaningful | <sup>2</sup> Not meaningful |  |  |

---

**<u>Consolidated Results from Continuing Operations</u>**

**First Quarter 2026 Results**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First quarter 2026 revenues were $171.5 million, compared to $169.8 million in the prior year period, an increase of 1.0%. The overall increase in revenues was due to higher sales in Global Electrical Systems and Global Seating, somewhat offset by lower sales in Trim Systems and Components.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating income in the first quarter 2026 was $14.7 million, up $13.3 million compared to the prior year period, primarily attributable to gain on sale of assets of $14.0 million. First quarter 2026 adjusted operating income was $2.0 million, compared to income of $2.1 million in the prior year period. The decrease in adjusted operating income was primarily attributable to higher SG&A expenses, mostly offset by improved gross margin performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* Interest associated with debt and other expenses was $4.1 million and $2.5 million for the first quarter 2026 and 2025, respectively, due to higher interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income from continuing operations was $0.9 million, or $0.03 per diluted share, for the first quarter 2026 compared to net loss of $3.1 million, or $(0.09) per diluted share, in the prior year period. First quarter 2026 adjusted net loss from continuing operations was $3.4 million,

------

or $(0.10) per diluted share, compared to adjusted net loss of $2.6 million, or $(0.08) per diluted share.

On March 31, 2026, the Company had $16.1 million of outstanding borrowings on its U.S. revolving credit facility and $2.9 million outstanding borrowings on its China credit facility, $28.7 million of cash and $99.7 million of availability from the credit facilities (subject to customary borrowing base and other conditions), resulting in total liquidity of $128.4 million.

**First Quarter 2026 Segment Results**

***<u>Global Seating Segment</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenues were $74.5 million compared to $73.4 million for the prior year period, an increase of 1.5%, due primarily to higher international sales volume, offset by decreased customer demand in North America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating income was $16.8 million, compared to $2.7 million in the prior year period, an increase of $14.1 million, driven by gain on sale of assets and improved gross margin performance. First quarter 2026 adjusted operating income was $3.6 million compared to $2.7 million in the prior year period.

***<u>Global Electrical Systems Segment</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Revenues were $57.4 million compared to $50.5 million in the prior year period, an increase of 13.9%, primarily as a result of ramping new business wins.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Operating results were breakeven compared to an operating loss of $0.3 million in the prior year period. First quarter 2026 adjusted operating income was $0.5 million compared to $0.2 million in the prior year period.

***<u>Trim Systems and Components Segment</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenues were $39.5 million compared to $45.9 million in the prior year period, a decrease of 13.9%, primarily due to lower sales volume as a result of softening demand in North America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating loss was $0.1 million compared to operating income of $1.5 million in the prior year period. The decrease in operating income was primarily attributable to lower demand. First quarter 2026 adjusted operating income was $0.1 million compared to $1.6 million in the prior year period.

**<u>Outlook</u>**

CVG updated the Company's outlook for the full year 2026, based on current market conditions:

---

| | |
|:---|:---|
| **Metric** | **2026 Outlook ($ millions)** |
| Net Sales | $660 - $700 |
| Adjusted EBITDA | $24 - $30 |
| Free Cash Flow | Positive |

---

This outlook reflects, among others, current industry forecasts for North America Class 8 truck builds. According to ACT Research, 2026 North American Class 8 truck production levels are expected to be at 274,000 units, up 9% versus the 2025 actual Class 8 truck builds of 251,251 units, and up 5% from the time of our fourth quarter 2025 earnings release, when ACT Research forecasted 260,000 units for 2026 North American Class 8 truck production.

------

The outlook for the Construction end market reflects low-single digit growth in 2026.

**GAAP to Non-GAAP Reconciliation**

A reconciliation of GAAP to non-GAAP financial measures referenced in this release is included as Appendix A to this release.

**Conference Call**

A conference call to discuss this press release is scheduled for Wednesday, May 6, 2026, at 8:30 a.m. ET. Management intends to reference the Q1 2026 Earnings Call Presentation during the conference call. To participate, dial (833) 461-5787 using conference code 496990489. International participants dial (585) 542-9983 using conference code 496990489.

This call is being webcast and can be accessed through the "Investors" section of CVG's website at ir.cvgrp.com, where it will be archived and available for replay for one year.

**Company Contact**

Michelle Hards

Vice-President, Investor Relations / Corporate Financial Planning & Analysis

CVG

IR@cvgrp.com

**Investor Relations Contact**

Ross Collins or Nathan Skown

Alpha IR Group

CVGI@alpha-ir.com

**About CVG**

CVG is a global provider of systems, assemblies and components to global commercial vehicle markets and electric vehicle markets. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com.

**Forward-Looking Statements**

This press release contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as "believe", "anticipate", "plan", "expect", "intend", "will", "should", "could", "would", "project", "continue", "likely", and similar expressions. In particular, this press release may contain forward-looking statements about the Company's expectations for future periods with respect to its plans to improve financial results, the future of the Company's end markets, including, but not limited to, global commercial vehicle markets and electric vehicle markets, changes in the North America Class 8 and Class 5-7 truck build rates, performance of the global construction and agricultural equipment businesses, the Company's prospects in the global commercial vehicle markets and electric vehicle markets, the Company's initiatives to address customer needs, organic growth, the Company's strategic plans and plans to focus on certain segments, competition faced by the Company, volatility in and disruption to the global economic environment including global supply chain constraints, inflation and labor shortages, tariffs and counter-measures, financial covenant compliance, anticipated effects of acquisitions or divestitures, production of new products, plans for capital expenditures, and the Company's financial position or other financial information. These statements are based on certain assumptions that the Company has made in light of its experience as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially

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from the anticipated results because of certain risks and uncertainties, including those included in the Company's filings with the SEC. There can be no assurance that statements made in this press release relating to future events will be achieved. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.

**Other Information**

Throughout this document, certain numbers in the tables or elsewhere may not sum due to rounding. Rounding may have also impacted the presentation of certain year-on-year percentage changes.

###

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**COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**Three Months Ended March 31, 2026 and 2025**

**(Unaudited)**

**(Amounts in thousands, except per share amounts)**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| | **(Unaudited)** | **(Unaudited)** |
| Revenues | $171495 | $169795 |
| Cost of revenues | 151680 | 152002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 19815 | 17793 |
| Selling, general and administrative expenses | 19059 | 16385 |
| Gain on sale of assets | (13957) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income | 14713 | 1408 |
| Other (income) expense | 886 | (72) |
| Warrant expense | 4978 |  |
| Loss on extinguishment of debt | 1958 |  |
| Interest expense | 4095 | 2503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income (loss) before provision for income taxes | 2796 | (1023) |
| Provision for income taxes | 1894 | 2116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) from continuing operations | $902 | $(3139) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) from discontinued operations |  | (1173) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) | 902 | (4312) |
| Basic earnings (loss) per share |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from continuing operations | $0.03 | $(0.09) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from discontinued operations | $— | $(0.03) |
| Diluted earnings (loss) per share |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from continuing operations | $0.03 | $(0.09) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from discontinued operations | $— | $(0.03) |
| Weighted average shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 34190 | 33693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 35511 | 33693 |

---

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**COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES <br>CONDENSED CONSOLIDATED BALANCE SHEETS**

**(Unaudited)**

**(Amounts in thousands, except per share amounts)**

---

| | | |
|:---|:---|:---|
| ASSETS | **March 31, 2026** | **December 31, 2025** |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $28684 | $33282 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 100850 | 86262 |
| &nbsp;&nbsp;&nbsp;Inventories | 121607 | 118557 |
| &nbsp;&nbsp;&nbsp;Other current assets | 25523 | 25226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 276664 | 263327 |
| Property, plant and equipment, net | 62549 | 66638 |
| Intangible assets, net | 3201 | 3350 |
| Deferred income taxes, net | 11190 | 11349 |
| Other assets, net | 58945 | 47050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $412549 | $391714 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $84018 | $74180 |
| &nbsp;&nbsp;&nbsp;Accrued liabilities and other | 41898 | 31800 |
| &nbsp;&nbsp;&nbsp;Current portion of long-term debt and short-term debt | 3837 | 2371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 129753 | 108351 |
| Long-term debt | 89732 | 104004 |
| Pension and other post-retirement benefits | 6744 | 6902 |
| Other long-term liabilities | 55332 | 39100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | $281561 | $258357 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock | $— | $— |
| &nbsp;&nbsp;&nbsp;Common stock | 346 | 342 |
| &nbsp;&nbsp;&nbsp;Treasury stock, at cost | (17281) | (16706) |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 273830 | 272903 |
| &nbsp;&nbsp;&nbsp;Retained deficit | (95930) | (96832) |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (29977) | (26350) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 130988 | 133357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $412549 | $391714 |

---

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**COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES**

**BUSINESS SEGMENT FINANCIAL INFORMATION** 

**(Unaudited)**

**(Amounts in thousands)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **Global Seating** | **Global Seating** | **Global Electrical Systems** | **Global Electrical Systems** | **Trim Systems and Components** | **Trim Systems and Components** | **Corporate/Other** | **Corporate/Other** | **Total** | **Total** |
| | **2026** | **2025** | **2026** | **2025** | **2026** | **2025** | **2026** | **2025** | **2026** | **2025** |
| Revenues | $74505 | $73408 | $57446 | $50453 | $39544 | $45934 | $— | $— | 171495 | 169795 |
| Gross profit (loss) | 10432 | 9091 | 5769 | 3990 | 3614 | 4712 |  |  | 19815 | 17793 |
| Selling, general & administrative expenses | 7366 | 6378 | 5784 | 4306 | 3714 | 3177 | 2195 | 2524 | 19059 | 16385 |
| Gain on sale of assets | $(13716) | $— | $— | $— | $— | $— | $(241) | $— | $(13957) | $— |
| Operating income (loss) | $16782 | $2713 | $(15) | $(316) | $(100) | $1535 | $(1954) | $(2524) | $14713 | $1408 |

---

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**COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES**

**Appendix A: Reconciliation of GAAP to Non-GAAP Financial Measures** 

**(Unaudited)**

**(Amounts in thousands, except per share amounts and percentages)**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Gross profit | $19815 | $17793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring | 1201 | 530 |
| Adjusted gross profit | $21016 | $18323 |
| % of revenues | 12.2% | 10.8% |

---

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Operating income | $14713 | $1408 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring | 1237 | 702 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of fixed assets | (13957) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating income adjustments | (12720) | 702 |
| Adjusted operating income | $1993 | $2110 |
| % of revenues | 1.2% | 1.2% |

---

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Net income (loss) from continuing operations | $902 | $(3139) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating income adjustments | (12720) | 702 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on early extinguishment of debt | 1958 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Warrant fair value adjustment | 4978 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted provision for income taxes<sup>1</sup> | 1446 | (176) |
| Adjusted net income (loss) from continuing operations | $(3436) | $(2613) |
| Diluted EPS | $0.03 | $(0.09) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustments to diluted EPS | $(0.13) | $0.01 |
| Adjusted diluted EPS | $(0.10) | $(0.08) |

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&nbsp;&nbsp;&nbsp;&nbsp;<sup>1.</sup>Reported Tax Provision adjusted for tax effect of special charges at 25%.

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---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Net income (loss) from continuing operations | $902 | $(3139) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 4095 | 2503 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 1894 | 2116 |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation expense | 3578 | 3438 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization expense | 137 | 141 |
| EBITDA | $10606 | $5059 |
| % of revenues | 6.2% | 3.0% |
| EBITDA adjustments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring | $1237 | $702 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of fixed assets | (13957) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on extinguishment of debt | 1958 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Warrant fair value adjustment | 4978 |  |
| Adjusted EBITDA | $4822 | $5761 |
| % of revenues | 2.8% | 3.4% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** |
| | **Global Seating** | **Global Electrical Systems** | **Trim Systems and Components** | **Corporate/Other** | **Total** |
| Operating income (loss) | $16782 | $(15) | $(100) | $(1954) | $14713 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring | 565 | 509 | 163 |  | 1237 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of fixed assets | (13716) |  |  | (241) | (13957) |
| Adjusted operating income (loss) | $3631 | $494 | $63 | $(2195) | $1993 |
| % of revenues | 4.9% | 0.9% | 0.2% |  | 1.2% |

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** |
| | **Global Seating** | **Global Electrical Systems** | **Trim Systems and Components** | **Corporate/Other** | **Total** |
| Operating income (loss) | $2713 | $(316) | $1535 | $(2524) | $1408 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring |  | 530 | 45 | 127 | 702 |
| Adjusted operating income (loss) | $2713 | $214 | $1580 | $(2397) | $2110 |
| % of revenues | 3.7% | 0.4% | 3.4% |  | 1.2% |

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The following tables present reconciliations of the captions within CVG's Condensed Consolidated Statements of Cash Flows to Free cash flow, attributable to continuing operations, discontinued operations, and total CVG for the three months ended March 31, 2026 and 2025.

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| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| &nbsp;&nbsp;**CONTINUING OPERATIONS** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flows from operating activities | $(1561) | $15015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of property, plant and equipment | (2653) | (3806) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from disposal/sale of property, plant and equipment | 15892 |  |
| &nbsp;&nbsp;Free cash flow from continuing operations | $11678 | $11209 |
| &nbsp;&nbsp;**DISCONTINUED OPERATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flows from operating activities | $— | $157 |
| &nbsp;&nbsp;Free cash flow from discontinued operations | $— | $157 |
| &nbsp;&nbsp;**TOTAL COMPANY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flows from operating activities | $(1561) | $15172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of property, plant and equipment | (2653) | (3806) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from disposal/sale of property, plant and equipment | 15892 |  |
| &nbsp;&nbsp;Free cash flow | $11678 | $11366 |

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**<u>Use of Non-GAAP Measures</u>**

This earnings release contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). In general, the non-GAAP measures exclude items that (i) management believes reflect the Company's multi-year corporate activities; or (ii) relate to activities or actions that may have occurred over multiple or in prior periods without predictable trends. Management uses these non-GAAP financial measures internally to evaluate the Company's performance, engage in financial and operational planning and to determine incentive compensation.

Management provides these non-GAAP financial measures to investors as supplemental metrics to assist readers in assessing the effects of items and events on the Company's financial and operating results and in comparing the Company's performance to that of its competitors and to comparable reporting periods. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.

The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. The financial results calculated in accordance with GAAP and reconciliations to those financial statements set forth above should be carefully evaluated.