---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020724"
form_type: "8-K"
ticker: "CVGI"
cik: "0001290900"
company_name: "Commercial Vehicle Group, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:50:20.547172+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CVG Q1 revenue down 11.6% to $232M; EPS $0.09, reaffirms FY guidance

## Summary
- Revenue $232.1M (-11.6% YoY); net income $2.9M ($0.09 diluted EPS) vs $8.7M ($0.26) in Q1 2023.
- Adjusted EBITDA $12.7M (margin 5.5%), down 35.9%; adjusted EPS $0.13 vs $0.28 a year ago.
- Electrical Systems revenue up 1.9% to $55.8M; new business wins of ~$45M when fully ramped.
- Reaffirms FY2024 guidance: revenue $915M-$1,015M, Adj EBITDA $60-$73M.
- Cash $46.8M, net leverage 1.8x; restructuring actions taken to counter soft ag/construction markets.

## SEC filing metadata
- accession: 0001628280-24-020724
- form_type: 8-K
- ticker: CVGI
- cik: 0001290900
- company_name: Commercial Vehicle Group, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1290900/000162828024020724/0001628280-24-020724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290900/000162828024020724/cvgi-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020724
- JSON: https://secwatch.observer/filing/0001628280-24-020724.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020724.txt

## Key facts
- Earnings Releases
  Commercial Vehicle Group, Inc. reported first quarter ended March 31, 2024 results: revenue $232.1 million, net income $2.9 million, EPS $0.09. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $232.1 million
  - Net income: $2.9 million
  - EPS: $0.09
  - Guidance: reaffirmed
  - Result: reported results
  source text: today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights (Compared with prior year, where comparisons are noted) • Revenues of $232.1 million, down 11.6% due primarily to a softening in customer demand, partially offset by an increase in Electrical Systems sales. • Operating income of $6.6 million, down 55.1%; adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290900/000162828024020724/0001628280-24-020724-index.htm

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