Quarterly ResultAug 3, 2026, 04:38 PM
CVG Q2 Revenue $195.2M, Raises Full-Year Guidance
AI Summary
Commercial Vehicle Group (CVG) reported strong second quarter 2026 financial results, with revenues increasing 13.5% to $195.2 million, driven by increased demand across all three business segments. Adjusted EBITDA rose 3.8% to $5.4 million, and gross margin expanded by 140 basis points. Despite a net loss of $(0.25) per diluted share, which included a significant warrant liability revaluation expense, the company raised its full-year 2026 revenue guidance to $725-$755 million and Adjusted EBITDA guidance to $26-$31 million, reflecting continued operational improvements and market momentum.
Key Highlights
- Q2 2026 revenues increased 13.5% year-over-year to $195.2 million.
- Adjusted EBITDA for Q2 2026 was $5.4 million, up 3.8% from prior year.
- Diluted EPS for Q2 2026 was $(0.25), including a $3.4 million warrant revaluation expense.
- Full-year 2026 revenue guidance raised to $725-$755 million from $660-$700 million.
- Full-year 2026 Adjusted EBITDA guidance raised to $26-$31 million from $24-$30 million.
- Global Seating segment revenue grew 7.5% to $80.0 million.
- Net proceeds of $11.6 million from equity issuance used to pay down term loan.
Price Impact
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