CVG Q3 EPS $0.22 (up 100% YoY); Adj EBITDA $16.6M (+16.1%); Electrical Systems rev +16.8%

Commercial Vehicle Group, Inc.

2023-Q3 EPS reported $0.78 revenue$771,590,000

Net income $7.3M ($0.22 diluted EPS) vs $3.6M ($0.11) in Q3 2022; adjusted EPS also $0.22.
Revenue $246.7M, down 1.9% YoY; Electrical Systems revenue up 16.8% to $53.9M.
Leverage ratio reduced to 1.5x from 2.7x; generated $12.5M free cash flow during quarter.
New business wins YTD expected ~$140M when fully ramped, majority in Electrical Systems.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Commercial Vehicle Group, Inc. reported third quarter ended September 30, 2023 results: revenue $246.7 million, net income $7.3 million, EPS $0.22.

Period: third quarter ended September 30, 2023
Revenue: $246.7 million
Net income: $7.3 million
EPS: $0.22
Result: reported results

Exact text from the filing

announced financial results for its third quarter ended September 30, 2023. Third Quarter 2023 Highlights (Compared with prior year, where comparisons are noted) • Revenues of $246.7 million, down 1.9% due primarily to higher revenue in the prior year as a result of a COVID backlog in Asia-Pacific which offset an increase in revenue in Electrical Systems in 2023. •

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Commercial Vehicle Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-035996

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