Quarterly ResultMay 5, 2026, 04:52 PM
Commercial Vehicle Group Q1 Net Income $0.9M; EPS $0.03
AI Summary
Commercial Vehicle Group, Inc. reported a net income of $0.9 million, or $0.03 per diluted share, for the first quarter of 2026, a significant improvement from a net loss of $4.3 million, or $(0.09) per diluted share, in the prior year. Revenues slightly increased to $171.5 million. The quarter's results were notably impacted by a $14.0 million gain on the sale of assets, alongside $5.0 million in warrant expense and $2.0 million loss on debt extinguishment. Net cash flow from operating activities turned negative.
Key Highlights
- Net income was $902 thousand in Q1 2026, up from a net loss of $4,312 thousand in Q1 2025.
- Diluted EPS was $0.03 in Q1 2026, compared to $(0.09) in Q1 2025.
- Revenues increased to $171.5 million in Q1 2026 from $169.8 million in Q1 2025.
- Operating income surged to $14.7 million in Q1 2026 from $1.4 million in Q1 2025.
- A gain on sale of assets of $14.0 million significantly contributed to Q1 2026 results.
- The company incurred $5.0 million in warrant expense and $2.0 million loss on debt extinguishment in Q1 2026.
- Net cash used in operating activities was $1.6 million in Q1 2026, compared to $15.2 million provided in Q1 2025.
- Term Loan facility balance decreased to $79.7 million as of March 31, 2026.
Price Impact
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