STOCK TITAN
  1. Home
  2. News
  3. CVGI

Commercial Vehicle Group Inc - CVGI STOCK NEWS

Welcome to our dedicated news page for Commercial Vehicle Group (Ticker: CVGI), a resource for investors and traders seeking the latest updates and insights on Commercial Vehicle Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Commercial Vehicle Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Commercial Vehicle Group's position in the market.

News
CVG Unveils STACC(TM) at MODEX 2024: Revolutionizing Micro Fulfillment
Rhea-AI Summary
Commercial Vehicle Group (CVGI) introduces STACC, an innovative goods-to-person automation system aimed at revolutionizing micro-fulfillment markets. The system offers hyper-dense storage, modular expandability, and a user-friendly interface, promising significant cost savings and productivity gains. STACC is showcased at MODEX 2024, with two design options available for diverse customer needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference
Rhea-AI Summary
CVG to present at Sidoti Small-Cap Virtual Conference on March 14, 2024. Investors can access the webcast and presentation materials on the company's website. Management will meet with registered investors virtually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
CVG Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
CVG (NASDAQ: CVGI) reported fourth quarter sales of $223 million and record annual sales of $995 million. Full year adjusted EBITDA margins increased by 140 bps to 6.8%. The company provided outlook and guidance for full year 2024, focusing on enhancing operational efficiency and growing the Electrical Systems segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.66%
Tags
earnings
News
CVG Announces Fourth Quarter and Full Year 2023 Earnings Call
Rhea-AI Summary
Commercial Vehicle Group (CVGI) to discuss Q4 and full-year 2023 financial results in upcoming conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
earnings
-
News
Commercial Vehicle Group Completes Sale of FinishTEK Business to Rowmark LLC
Rhea-AI Summary
Commercial Vehicle Group (CVG) sold its FinishTEK business to Rowmark LLC, effective January 31, 2024. FinishTEK, a hydrographic and paint decorator, was part of CVG’s Vehicle Solutions segment serving various industries. The sale aligns with CVG's strategy to drive revenue growth in its electrical systems business and improve margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.31%
Tags
none
-
News
CVG Announces Election of William C. Johnson to Board of Directors
Rhea-AI Summary
Commercial Vehicle Group (CVG) (NASDAQ: CVGI) announced the election of William C. Johnson as an independent director to the Board, effective December 8, 2023. Mr. Johnson, with extensive leadership experience, will serve on the Compensation Committee and the Nominating, Governance and Sustainability Committee of the Board. He brings a wealth of experience from executive roles in various companies, including Avail Infrastructure Solutions, Welbilt, Inc., and Chart Industries, Inc. With a background in Ceramic engineering and a Master of Business Administration, Mr. Johnson's appointment aims to contribute to CVG's strategy to grow shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.7%
Tags
management
News
Commercial Vehicle Group Appoints James Ray as President and Chief Executive Officer
Rhea-AI Summary
Commercial Vehicle Group (CVG) (NASDAQ: CVGI) appoints James Ray as the new President and CEO, replacing Interim CEO Robert Griffin. Mr. Ray, an Independent Director on CVG's Board since March 2020, brings extensive global experience in electrical systems and has held leadership roles at Stanley Black & Decker, TE Connectivity, Delphi, and General Motors. The Board expects a smooth leadership transition and anticipates accelerated growth under Mr. Ray's leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
management
-
News
CVG Announces Participation in the NobleCon19 Investor Conference
Rhea-AI Summary
CVG (NASDAQ: CVGI) announced that Andy Cheung, EVP and CFO, will present at NobleCon19 - Noble Capital Markets’ Nineteenth Annual Emerging Growth Equity Conference at Florida Atlantic University on December 4 at 12:00 p.m. ET. The webcast and presentation materials will be available on the company's website the next day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
none
-
News
CVG Announces Participation in the Sidoti Virtual Micro-Cap Investor Conference
Rhea-AI Summary
CVG (NASDAQ: CVGI) to Present at Sidoti Micro-Cap Virtual Conference on November 15, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
Tags
none
News
CVG Reports Third Quarter 2023 Results
Rhea-AI Summary
CVG (NASDAQ: CVGI) announced its financial results for Q3 2023. Revenues were $246.7 million, down 1.9% YoY. Operating income was $12.4 million, up 30.5%. Net income and adjusted net income were both $7.3 million, or $0.22 per diluted share. Adjusted EBITDA was $16.6 million, up 16.1%. The majority of new business wins were in the Electrical Systems segment. The company reduced its leverage ratio to 1.5x from 2.7x. CVG continues to execute its strategic long-term plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.39%
Tags
earnings
Stock CVGI logo
Commercial Vehicle Group Inc

Nasdaq:CVGI

CVGI Rankings

#3700 Ranked by Market Cap
#565 Ranked by Stock Gains
N/A Ranked by Dividends

CVGI Stock Data

213.22M
22.62M
6.81%
78.87%
1.07%
Heavy Duty Truck Manufacturing
Manufacturing
Link
US
New Albany

About CVGI

commercial vehicle group, inc. designs and manufactures cab related products; in the cab and on the cab to complete cab systems. key products include cab structures, controls and switching, interior and exterior trim, mirror systems, seating, wire harnesses and wiper systems. cvg serves oem and aftermarket vehicle customers around the world in the agricultural, bus, construction, heavy truck, industrial, marine, military, municipal, recreation and specialty vehicle segments. cvg was founded in 2000 and is headquartered in new albany, ohio.