Highest-materiality recent filing
CVGI stockholders approve all proposals at 2026 annual meeting
All seven director nominees elected: Cook, Johnson, Levy, Nauman, Niew, Rancourt, Ray; votes for ranged 17.3M-17.7M.
CVG Q1 revenue up 1% to $171.5M; EPS $0.03; adjusted EBITDA $4.8M, down 17%
Revenue $171.5M (+1% YoY); GAAP net income $0.9M ($0.03 diluted EPS) vs loss of $3.1M in Q1 2025.
CEO James Ray returns 85,031 shares; 2025 stock award cancelled due to plan limits
CEO Ray surrendered 85,031 unvested restricted shares for no consideration to cure Plan share limitation.
CVG completes $16M sale-leaseback of Vonore facility; nets ~$14.6M to pay down debt
Sold Vonore, TN manufacturing facility for $16M; net proceeds ~$14.6M after tax and costs.
Commercial Vehicle Group CFO Andy Cheung resigning; Angie O'Leary named Interim CFO
Andy Cheung resigns as CFO effective April 15, 2026 to become CFO of another mid-cap public company.
CVG reports Q4 2025 revenue $154.8M, down 5.2%; guides FY 2026 sales $660-700M
Q4 revenue $154.8M (-5.2% YoY); net loss $6.4M ($0.19/share) vs $35M loss prior year; adjusted EBITDA $2.3M (+155.6%).
Commercial Vehicle Group appoints Ari Levy to board; enters standstill with Lakeview (8.9% holder)
Ari Levy, founder of Lakeview Investment Group, appointed independent director effective Feb 5, 2026.
CVG Q3 2025: revenue down 11% to $152.5M, net loss $6.8M, guidance lowered
Net loss from continuing ops $6.8M ($0.20 diluted EPS) vs $0.9M loss a year ago; adjusted net loss $4.6M ($0.14).
CVG realigns reportable segments; recasts historical financials to reflect new structure
Effective January 1, 2025, CVG reorganized into three segments: Global Electrical Systems, Global Seating, and Trim Systems and Components.
Revenue $172.0M, down 11.2% YoY; net loss from continuing ops $4.1M ($(0.12) EPS) vs net loss $1.3M ($(0.04)) prior year.
CVGI COO Scott Reed resigns; director Ruth Gratzke leaves board; board cuts to six
COO Scott Reed resigns to pursue consulting, effective August 29, 2025.
CVG secures $210M in senior secured credit facilities, extends maturity to 2030
$95M term loan with TCW at SOFR+9.75% and $115M ABL with BofA at SOFR+1.75%, both maturing June 27, 2030.
All seven director nominees elected with >88% of votes cast; broker non-votes of 6,165,593 shares.
CVGI Q1 net loss $0.09/diluted share; revenue down 12.7% to $169.8M; updates FY2025 guidance
Revenue $169.8M (-12.7% YoY); net loss from cont. ops $3.1M or $(0.09) diluted EPS; adjusted net loss $(0.08).
Chairman Robert Griffin to retire; retention bonuses approved for three executives
Chairman Robert C. Griffin to retire effective May 15, 2025, after 20 years on board; William C. Johnson expected to succeed as Chairman.
CVG Q4 2024 revenue down 15.7% to $163.3M; net loss $35M; guides FY2025 sales $670-710M
Q4 2024 operating loss of $5.3M vs operating income of $4.1M YoY; adjusted EBITDA down 89.2% to $0.9M.
CVG appoints Scott Reed as COO; Don Fishel departs after 14 years
Scott Reed named COO effective Feb 13; reports to CEO, oversees global manufacturing and supply chain.
CVG reorganizes into three business segments effective Jan 1, 2025
New segments: Global Electrical Systems, Global Seating, and Trim Systems and Components.
CVGI amends credit facility, cuts term loan to $85M and revolver to $125M
Term loan reduced to $85M aggregate principal; revolver reduced by $25M to $125M.
CVG elects Jeffrey S. Niew to Board as independent director, effective Dec 16, 2024
Jeffrey S. Niew (58) elected to CVG Board effective December 16, 2024, serving until 2025 annual meeting.
CVG Q3 revenue down 15.3% to $172M, EPS $(0.03); cuts FY2024 guidance, divests two businesses
Revenue $171.8M (-15.3% YoY); net loss $0.9M ($(0.03) diluted EPS) from continuing ops.
Asset sale to FSE Diya, Inc. for $1.5M base plus up to $1.5M earnout; closed October 30, 2024.
CVG completes $40M sale of Cab Structures business to Volvo Group company
Total consideration $40M; $20M received Sept 6 and final $20M received Oct 1, 2024.
CVGI presents at Barrington Research Virtual Fall Investment Conference; no material new disclosures
CEO James Ray and CFO Andy Cheung presented at Barrington Research Virtual Fall Investment Conference on September 12, 2024.
Closed on September 6, 2024; buyer paid $20M of the $40M Purchase Price at closing.
CVG Q2 net loss $1.6M; revenue down 12.3%; cuts FY24 guidance; sells Cab Structures
Revenue $229.9M (-12.3% YoY); net loss $1.6M ($0.05 diluted loss); adjusted EPS $0.06.
CVGI amends credit agreement to relax mandatory prepayment on asset sales
Amendment No. 3 dated July 30, 2024 with Bank of America as agent.
CVG sells Cab Structures business for $40M to Volvo Group; proceeds for debt paydown
CVG sells Cab Structures (Kings Mountain, NC) to Volvo Group for $40M; expected close H2 2024.
CVGI CEO & CFO to present at Sidoti conference; no new financial details
James Ray (CEO) and Andy Cheung (CFO) will present at Sidoti Small-Cap Virtual Conference on June 13, 2024.
CVGI explores strategic alternatives for Industrial Automation business
Commercial Vehicle Group retained an investment banking firm to explore strategic alternatives.
CVGI shareholders elect all director nominees and approve say-on-pay at annual meeting
All seven director nominees elected with majority votes; highest support 24.36M for James R. Ray.
CVG Q1 revenue down 11.6% to $232M; EPS $0.09, reaffirms FY guidance
Revenue $232.1M (-11.6% YoY); net income $2.9M ($0.09 diluted EPS) vs $8.7M ($0.26) in Q1 2023.
CVG reports Q4 2023 revenue of $223.1M, full year record $994.7M, and provides 2024 outlook
Q4 2023 revenue $223.1M (down 5.0% YoY); Electrical Systems segment revenue up 19.4% to $56.2M.
On April 2, 2025, Robert C. Griffin, a director of the Company since July 2005, and current Chairman of the Board of the Company, informed the Company that he will be retiring from the Board of the Company, without standing for re-election at the 2025 Annual Meeting of Stockholders.
Effective February 13, 2025, Commercial Vehicle Group, Inc., (the “Company”) appointed Scott Reed (60-years old) to the position of Chief Operating Officer of the Company.
On October 31, 2024, the Company and Richard Tajer, President of Electrical Systems, reached a separation agreement (the “Separation Agreement”) pursuant to which Mr. Tajer will cease being President of Elecrical Systems effective immediately and cease being an employee effective December 31, 2024.
Max materiality 0.80 · Median 0.60 · Most common event earnings