CVGI's Q3 Sales Drop, Stock Plummets
Update: 2025-11-11
Description
Commercial Vehicle Groups third-quarter earnings fell short of expectations, leading to a drop in stock price. Sales of $152.5 million, a 11.2% decrease from last year, missed analysts estimates by 3.1%. Adjusted loss per share was 14 cents, 16.7% worse than expected. Lower demand in construction, agriculture, and heavy-duty trucks markets contributed to the results. CVGI lowered its full-year revenue guidance to $645 million, down 1.6% from analysts estimates, and operating margin decreased to -0.7%.
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