Commercial Vehicle Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 04, 2024 at 05:30 pm EST
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Commercial Vehicle Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 223.09 million compared to USD 234.92 million a year ago. Net income was USD 23.28 million compared to net loss of USD 31.99 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to basic loss per share from continuing operations of USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to diluted loss per share from continuing operations of USD 0.98 a year ago.
For the full year, sales was USD 994.68 million compared to USD 981.55 million a year ago. Net income was USD 49.41 million compared to net loss of USD 21.97 million a year ago. Basic earnings per share from continuing operations was USD 1.5 compared to basic loss per share from continuing operations of USD 0.68 a year ago. Diluted earnings per share from continuing operations was USD 1.47 compared to diluted loss per share from continuing operations of USD 0.68 a year ago.
Commercial Vehicle Group, Inc. is a global provider of systems, assemblies and components to the global commercial vehicle market, the electric vehicle market, and the industrial automation markets. The Company delivers solutions to complex design, engineering, and manufacturing problems. The Company's segments include Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation. The Vehicle Solutions segment designs, manufactures and sells commercial vehicle seats and plastic and trim components. The Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies and design and engineering for these applications. The Aftermarket & Accessories segment designs, manufactures, and sells seats and components, commercial vehicle accessories, and office seats. The Industrial Automation segment designs, manufactures and sells warehouse automation subsystems.
COMMERCIAL VEHICLE GROUP, INC. 
