Quarterly ResultMay 5, 2026, 04:46 PM
CVG Q1 Sales $171.5M, EPS $0.03; Reaffirms Full-Year Guidance
AI Summary
Commercial Vehicle Group (CVG) reported first-quarter 2026 revenues of $171.5 million, a 1.0% increase year-over-year, with diluted EPS of $0.03. The company returned to revenue growth and achieved gross margin expansion due to operational efficiency. A sale-leaseback transaction facilitated a $12.8 million debt reduction. CVG reaffirmed its full-year 2026 guidance for net sales, adjusted EBITDA, and positive free cash flow, citing signs of stabilization in key end markets.
Key Highlights
- Q1 2026 revenues increased 1.0% to $171.5 million.
- Diluted EPS from continuing operations was $0.03, compared to $(0.09) in Q1 2025.
- Adjusted EBITDA for Q1 was $4.8 million, down 17.2% year-over-year.
- Gross margin expanded by 100 basis points versus Q1 2025.
- Completed a sale-leaseback transaction, reducing debt by $12.8 million since year-end 2025.
- Global Electrical Systems segment revenue grew 13.9% to $57.4 million.
- Reaffirmed full-year 2026 net sales guidance of $660-$700 million.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of $24-$30 million.
Price Impact
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