earnings
confidence high
sentiment negative
materiality 0.75
CVG Q4 2024 revenue down 15.7% to $163.3M; net loss $35M; guides FY2025 sales $670-710M
Commercial Vehicle Group, Inc.
- Q4 2024 operating loss of $5.3M vs operating income of $4.1M YoY; adjusted EBITDA down 89.2% to $0.9M.
- Net loss from continuing ops of $35.0M ($1.04 diluted EPS); includes $28.8M non-cash tax valuation allowance.
- Full-year 2024 revenue $723.4M (-13.4% YoY); new business wins >$97M, mostly in Electrical Systems outside Construction & Ag.
- Full-year 2025 guidance: net sales $670-$710M, adjusted EBITDA $25-$30M; expects 2025 Class 8 truck builds of 316K units.
- New organizational structure effective Jan 1, 2025: Global Electrical Systems, Global Seating, and Trim Systems & Components.