secwatch.observer — SEC 8-K summary
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Issuer:     Commercial Vehicle Group, Inc. (CVGI)
CIK:        0001290900
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001628280-22-027822
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVG Q3 revenue up 4.9% to $251.4M; net income down 52% to $0.11 EPS; debt paydown on track
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- Revenue $251.4M (+4.9% YoY); net income $3.6M ($0.11 EPS) vs $7.5M ($0.23 EPS) prior year.
- Adjusted EBITDA $14.3M (5.7% margin) vs $16.9M (7.1%); adjusted EPS $0.15 vs $0.25.
- Warehouse Automation revenue plunged 72.7% to $14.1M; operating loss $1.0M vs income $8.0M.
- Expect debt paydown at high end of $25-40M; revolver fully paid off in Q4 2022.
- New business wins on track for ~$200M annualized in 2022; transformation plan ahead of schedule.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290900/000162828022027822/0001628280-22-027822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290900/000162828022027822/cvgi-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027822

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