Commercial Vehicle Group (CVGI) surpasses Q4 sales estimates, plans for growth in 2025

From StockStory Media: 2025-03-10 17:10:01

Commercial Vehicle Group (CVGI) reported Q4 CY2024 revenue of $163.3 million, surpassing analyst estimates by 3.1%. The company expects full-year revenue to be around $690 million, in line with expectations. CVGI’s non-GAAP loss per share was $0.15, below consensus estimates. Despite a 26.8% decline in sales, CVGI showed improvement initiatives in 2024 that are expected to drive growth in 2025. The company opened a new facility in Morocco and continues operations in Mexico. CVGI offers components for vehicles and warehouses, with a historical sales decline of 2.4% annually. Analysts project a 14.6% revenue decline in the next 12 months for CVGI.



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