Quarterly ResultMay 5, 2026, 04:38 PM
CVG Q1 Sales $171.5M, EPS $0.03; Adjusted EBITDA $4.8M
AI Summary
Commercial Vehicle Group (CVG) announced its first quarter 2026 financial results, with revenues increasing 1.0% to $171.5 million and diluted EPS turning positive at $0.03, compared to a loss in the prior year. Adjusted EBITDA, however, decreased 17.2% to $4.8 million. The company strengthened its balance sheet by reducing debt by $12.8 million through a sale-leaseback transaction and reaffirmed its full-year 2026 guidance for net sales and Adjusted EBITDA, citing signs of stabilization in key end markets.
Key Highlights
- Q1 2026 Revenues were $171.5 million, up 1.0% year-over-year.
- Diluted EPS from continuing operations was $0.03, compared to $(0.09) loss in Q1 2025.
- Adjusted EBITDA was $4.8 million, down 17.2% year-over-year.
- Debt reduced by $12.8 million since year-end 2025 via sale-leaseback transaction.
- Global Electrical Systems segment revenue increased 13.9% to $57.4 million.
- Global Seating segment revenue grew 1.5% to $74.5 million.
- Reaffirmed full-year 2026 Net Sales outlook of $660 - $700 million.
- Reaffirmed full-year 2026 Adjusted EBITDA outlook of $24 - $30 million.