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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
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
-
Rhea-AI Summary
Corinne Ross has been appointed President, Aftermarket & Accessories at Commercial Vehicle Group (CVG). She will oversee CVG's global aftermarket and accessories business segment. Ross brings 16 years of experience from Freudenberg Sealing Technologies and will be responsible for strategic development and execution of business plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
Tags
none
-
Rhea-AI Summary
Commercial Vehicle Group (CVG) will hold its quarterly conference call on November 2, 2023, to discuss third quarter 2023 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.31%
Tags
Rhea-AI Summary
Commercial Vehicle Group (CVG) appoints Melanie K. Cook as independent director, bringing extensive experience in various business areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
management
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Rhea-AI Summary
CVG opens new manufacturing facility in Tangier, Morocco, marking its entrance into Africa and strengthening global electrification business growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
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none
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Rhea-AI Summary
CVG CFO to meet with investors at D.A. Davidson conference on Sept 21-22, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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none
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.22%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
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none
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Rhea-AI Summary
CVG (NASDAQ: CVGI) will hold its quarterly conference call on August 2, 2023, at 10:00 a.m. ET to discuss second quarter 2023 financial results. The call will be webcasted and can be accessed through the 'Investors' section of CVG's website. A telephonic replay of the conference call will be available until August 16, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.83%
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none
Commercial Vehicle Group, Inc.

Nasdaq:CVGI

CVGI Rankings

CVGI Stock Data

198.91M
22.62M
6.81%
78.87%
1.07%
Heavy Duty Truck Manufacturing
Manufacturing
Link
United States of America
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.