Overview

* CVG Q3 revenue of $152.5 mln, missed analyst expectations

* The provider of components to commercial vehicle and EV markets posted adjusted EPS of $(0.14); missed analyst expectations

* Adjusted EBITDA of $4.6 mln beat analyst expectations

Outlook

* CVG lowers 2025 net sales outlook to $640-$650 mln from $650-$670 mln

* Company revises 2025 adjusted EBITDA guidance to $17-$19 mln from $21-$25 mln

* CVG expects over $30 mln in free cash flow for full fiscal year

Result Drivers

* DEMAND SOFTENING - Revenue decline attributed to reduced demand in North American markets, impacting Global Seating and Trim Systems & Components segments

* GLOBAL ELECTRICAL GROWTH - Global Electrical Systems segment returned to year-over-year revenue growth due to new business wins outside Construction and Agriculture markets

* MARGIN IMPROVEMENTS - Improved gross margin performance and lower SG&A expenses contributed to increased adjusted operating income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $152.50 $158.80

Revenue mln mln (2

Analysts

)

Q3 Miss -$0.14 -$0.12

Adjusted (2

EPS Analysts

)

Q3 Net -$7.08

Income mln

Q3 Beat $4.60 $4.54

Adjusted mln mln (2

EBITDA Analysts

)

Q3 12.10%

Adjusted

Gross

Margin

Q3 -$1.10

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

* Wall Street's median 12-month price target for Commercial Vehicle Group Inc ( CVGI ) is $4.00, about 66.5% above its November 7 closing price of $1.34

* The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 36 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)