Quarterly ResultAug 3, 2026, 05:19 PM
Commercial Vehicle Group Q2 Revenue Up 13.5% to $195.2M; Net Loss Widens to $10.2M
AI Summary
Commercial Vehicle Group reported a 13.5% increase in second-quarter revenue to $195.2 million, up from $172.0 million in the prior year. Despite this growth, the company's net loss widened to $10.2 million, or $(0.25) per share, compared to a net loss of $4.8 million, or $(0.12) per share, in Q2 2025. For the first six months of 2026, net loss also widened to $9.3 million. The company made significant mandatory debt prepayments totaling $25.7 million during the first half of 2026, partly from an at-the-market offering and an asset sale, while also incurring $3.4 million in warrant expense for the quarter.
Key Highlights
- Q2 2026 revenue increased 13.5% to $195.2 million from $172.0 million YoY.
- Q2 2026 net loss widened to $10.2 million, or $(0.25) per share.
- Six-month revenue increased to $366.7 million from $341.8 million YoY.
- Six-month net loss widened to $9.3 million, or $(0.23) per share.
- Mandatory debt prepayments totaled $25.7 million in H1 2026.
- Warrant expense of $3.4 million in Q2 2026 contributed to net loss.
- Global Seating Q2 revenue rose to $80.0 million from $74.5 million YoY.
- Global Electrical Systems Q2 revenue increased to $62.0 million from $53.6 million YoY.
Price Impact
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