---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-008595"
form_type: "8-K"
ticker: "CVGI"
cik: "0001290900"
company_name: "Commercial Vehicle Group, Inc."
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T04:35:35.921680+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CVG reports Q4 2023 revenue of $223.1M, full year record $994.7M, and provides 2024 outlook

## Summary
- Q4 2023 revenue $223.1M (down 5.0% YoY); Electrical Systems segment revenue up 19.4% to $56.2M.
- Full year 2023 revenue $994.7M (record); adjusted EBITDA margin up 140 bps to 6.8%; net income $23.3M.
- Net debt declined to $103.7M, leverage ratio improved to 1.5x from 2.2x; free cash flow $19M.
- 2024 outlook: net sales $915M-$1,015M, adjusted EBITDA $60M-$73M; expecting 285,000 Class 8 truck builds.
- CEO James Ray highlighted focus on operational efficiency, Electrical Systems growth, and cross-functional collaboration.

## SEC filing metadata
- accession: 0001628280-24-008595
- form_type: 8-K
- ticker: CVGI
- cik: 0001290900
- company_name: Commercial Vehicle Group, Inc.
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290900/000162828024008595/0001628280-24-008595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290900/000162828024008595/cvgi-20240304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-008595
- JSON: https://secwatch.observer/filing/0001628280-24-008595.json
- Plain text: https://secwatch.observer/filing/0001628280-24-008595.txt

## Key facts
- Earnings Releases
  Commercial Vehicle Group, Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $223.1 million, net income $23.3 million, or $0.70 per diluted share, EPS $0.70 per diluted share. Guidance reaffirmed.
  - Period: fourth quarter and full year ended December 31, 2023
  - Revenue: $223.1 million
  - Net income: $23.3 million, or $0.70 per diluted share
  - EPS: $0.70 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: by reference, except as otherwise expressly stated in such filing. --- EX-99.1 (EX-99.1) --- CVG REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Fourth quarter sales of $223 million, record annual sales of $995 million Full year adjusted EBITDA margins increased by 140 bps to 6.8% Provides outlook and guidance for full year 2024 NEW ALBANY, OHIO (March 4,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290900/000162828024008595/0001628280-24-008595-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.