Welcome to our dedicated page for Commercial Veh Group news (Ticker: CVGI), a resource for investors and traders seeking the latest updates and insights on Commercial Veh Group stock.
Commercial Vehicle Group Inc (CVGI) delivers essential components for commercial vehicles across global markets, specializing in cab systems, electrical solutions, and industrial automation. This news hub provides investors and industry professionals with timely updates on corporate developments, financial milestones, and technological advancements.
Access authoritative coverage of CVGI's earnings reports, product innovations, strategic partnerships, and leadership updates. Our curated collection ensures you stay informed about critical announcements impacting the commercial vehicle sector, from new contract wins to manufacturing expansions.
Key updates include quarterly financial results, major OEM supply agreements, automation technology launches, and aftermarket service expansions. All content is sourced directly from verified corporate communications and regulatory filings.
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CVG (NASDAQ: CVGI) announced an amendment to its $90 million asset-based Revolving Credit Facility, extending the maturity date to March 1, 2026. The amendment removes the stipulation that the first $7 million of the facility is a first-in, last-out arrangement. Additionally, CVG has the option to increase the revolving commitments by an incremental $50 million with lender consent. CFO Chris Bohnert emphasized that this extension enhances the company's liquidity, offering improved financial flexibility and reduced costs.
CVG (NASDAQ: CVGI) will conduct its quarterly conference call on March 10, 2021, at 10:00 a.m. ET to discuss its fourth quarter and fiscal year 2020 financial results. A press release and presentation will be issued prior to the call. Participants can join via toll-free dial (833) 235-5650 or internationally (647) 689-4139, using conference code 3295694. The call will be webcast on CVG's website and archived for one year. A replay will be available for two weeks post-call.
CVGI will participate in the MicroCap Rodeo Winter Wonderland Conference on February 17, 2021, at 3:00 p.m. ET. Harold Bevis, President and CEO, and Christopher Bohnert, CFO, will present at the conference and meet virtually with registered investors. Interested investors can access the webcast through the investor section of CVGI's website, with presentation materials to be archived for 30 days. CVGI, a diversified industrial company, offers various products for markets, including ecommerce warehouses, commercial trucking, and electric vehicles.
CVG (NASDAQ: CVGI) will participate in the Sidoti Winter 2021 Virtual Conference on January 14, 2021, at 8:30 a.m. ET. Presenting will be Harold Bevis, President and CEO, alongside Christopher Bohnert, CFO. The company plans to engage with investors virtually and will provide a webcast link through its website for those registered. Presentation materials will also be available online for 30 days after the conference. CVG specializes in diversified industrial solutions across various global markets.
CVG (NASDAQ: CVGI) will participate in the Bank of America Leveraged Finance Virtual Conference on December 1, 2020, at 7:30 a.m. ET. CEO Harold Bevis and CFO Christopher Bohnert will present and meet virtually with investors. The conference will be accessible via the investor section of CVG's website, and presentation materials will be archived for 30 days. CVG is known for its diverse industrial solutions, including seating systems and wire harnesses for various markets such as trucking and construction. For more details, visit www.cvgrp.com.
CVG reported its third-quarter financial results for 2020, revealing revenues of $187.7 million, a 16.7% decline year-over-year, primarily due to reduced commercial vehicle sales amid the COVID-19 pandemic. However, there was a sequential revenue growth of 47.9% from the second quarter, driven by recovery in vehicle builds and growth in warehouse automation. Operating income decreased to $8.9 million, affected by special charges. The company highlighted growth in the electric vehicle and warehouse automation markets as key future areas.
CVG (NASDAQ: CVGI) announced participation in the Sidoti Microcap Virtual Investor Conference on November 19, 2020, at 9:15 a.m. ET.
President and CEO Harold Bevis and CFO Christopher Bohnert will present and engage with investors registered for the conference. A webcast link is available on the company's investor relations website.
CVG is a diversified industrial company offering products across multiple sectors, including ecommerce, commercial trucking, and electric vehicles.
CVG (NASDAQ: CVGI) has scheduled a conference call for November 9, 2020, at 10:00 a.m. ET to discuss its third quarter 2020 financial results. A press release and presentation will precede the call. Participants can join by dialing (833) 235-5650 for toll-free access or (647) 689-4139 for international callers, using conference code 2727789. The call will be webcast and archived on CVG's website for a year, with a replay available for two weeks at (800) 585-8367.
Commercial Vehicle Group, Inc. (CVGI) announced the appointment of Christopher H. Bohnert as Chief Financial Officer and Chief Accounting Officer, effective October 19, 2020. Bohnert brings over 25 years of experience from roles in various industries, including transportation and plastics, previously serving as CFO at Calumet Specialty Products Partners. His background encompasses finance, accounting, and investor relations. Bohnert aims to navigate current economic challenges and drive strategic growth initiatives at CVGI, focusing on diversifying the company's customer and product portfolio.
Commercial Vehicle Group (CVG) reported significant progress in 2020, focusing on leadership, growth, cost management, and cash flow optimization. The company successfully paid down $20 million of debt, reducing its net debt to $101 million while maintaining over $100 million in liquidity. There are signs of recovery in the commercial vehicle market, and CVG is targeting growth in e-commerce and electric vehicles. Additionally, the company is restarting its M&A program to enhance its portfolio and reduce cyclicality.
