Commercial Veh Group Inc Stock Price, News & Analysis

CVG (NASDAQ: CVGI) will hold a quarterly conference call on May 5, 2021, at 10:00 a.m. ET to discuss its first quarter 2021 financial results. A press release and presentation will be issued before the call. Participants can join toll-free or internationally using the provided numbers. This call will also be webcast and archived for one year on the CVG website. CVG is a global provider of components for the vehicle market and U.S. technology integrators, offering products for both original equipment and aftermarket solutions.

CVG (NASDAQ: CVGI) will present at the Sidoti Spring Conference on March 25, 2021, at 11:30 a.m. ET. Harold Bevis, CEO, and Christopher Bohnert, CFO, will lead the virtual presentation and meet with registered investors. A webcast link will be available on the company's investor website, with the presentation materials archived for 30 days. CVG specializes in components and assemblies for the global vehicle market and U.S. technology integrators, supplying original equipment and aftermarket products.

CVG (NASDAQ: CVGI) reported Q4 2020 revenue of $216.0 million, a 14.0% increase driven by warehouse automation growth. Operating income improved to $5.0 million, up from a loss of $4.3 million due to better sales volume and cost structure. However, the company faced a full-year revenue decline of 20.4% to $717.7 million, primarily from COVID-19 impacts. Adjusted EBITDA for Q4 reached $13.0 million, significantly up from $3.5 million. The company anticipates continued growth in warehouse automation and electric vehicles, supported by new business awards totaling over $100 million.

Commercial Vehicle Group (NASDAQ: CVGI), based in New Albany, Ohio, announced a partnership with Xos, Inc., a leader in commercial electric vehicle manufacturing, on March 3, 2021. The collaboration aims to enhance sustainability initiatives and innovate electric vehicle solutions in response to market trends. CVG, leveraging over 40 years of experience, will support Xos with comprehensive design and manufacturing services for zero-emission vehicles.

This partnership reflects CVG's strategy to diversify offerings and adapt to evolving market demands in e-commerce and electric vehicle technology.

CVG (NASDAQ: CVGI) announced that CFO Christopher Bohnert will present at the J.P. Morgan Global High Yield and Leveraged Finance Conference on March 2, 2021, at 2:00 p.m. ET. The presentation will be virtual, allowing investors registered for the conference to engage with Bohnert. A replay of the presentation will be available on the investor section of the Company's website for 30 days following the event. CVG is a diversified industrial company supplying various markets, including trucking and construction.

CVG (NASDAQ: CVGI) announced an amendment to its $90 million asset-based Revolving Credit Facility, extending the maturity date to March 1, 2026. The amendment removes the stipulation that the first $7 million of the facility is a first-in, last-out arrangement. Additionally, CVG has the option to increase the revolving commitments by an incremental $50 million with lender consent. CFO Chris Bohnert emphasized that this extension enhances the company's liquidity, offering improved financial flexibility and reduced costs.

CVG (NASDAQ: CVGI) will conduct its quarterly conference call on March 10, 2021, at 10:00 a.m. ET to discuss its fourth quarter and fiscal year 2020 financial results. A press release and presentation will be issued prior to the call. Participants can join via toll-free dial (833) 235-5650 or internationally (647) 689-4139, using conference code 3295694. The call will be webcast on CVG's website and archived for one year. A replay will be available for two weeks post-call.

CVGI will participate in the MicroCap Rodeo Winter Wonderland Conference on February 17, 2021, at 3:00 p.m. ET. Harold Bevis, President and CEO, and Christopher Bohnert, CFO, will present at the conference and meet virtually with registered investors. Interested investors can access the webcast through the investor section of CVGI's website, with presentation materials to be archived for 30 days. CVGI, a diversified industrial company, offers various products for markets, including ecommerce warehouses, commercial trucking, and electric vehicles.

CVG (NASDAQ: CVGI) will participate in the Sidoti Winter 2021 Virtual Conference on January 14, 2021, at 8:30 a.m. ET. Presenting will be Harold Bevis, President and CEO, alongside Christopher Bohnert, CFO. The company plans to engage with investors virtually and will provide a webcast link through its website for those registered. Presentation materials will also be available online for 30 days after the conference. CVG specializes in diversified industrial solutions across various global markets.