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 that James Ray, President and CEO, and Andy Cheung, EVP and CFO, will present at the Sidoti Small-Cap Virtual Conference on June 13, 2024, at 9:15 a.m. ET. The presentation will be accessible via webcast through the investor section of CVG's website, cvgrp.com. Management will also hold virtual meetings with registered investors. For additional information, contact CVGI@alpha-ir.com.
CVG, a diversified industrial products and services company, reported first quarter 2024 results with revenues of $232.1 million, a decrease of 11.6% due to softening customer demand. The company's operating income was $6.6 million, down 55.1%, with adjusted operating income of $8.5 million, down 44.8%. Net income was $2.9 million, or $0.09 per diluted share. Adjusted EBITDA was $12.7 million, down 35.9%. CVG reaffirmed full-year revenue and adjusted EBITDA guidance ranges.
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