Trade Commercial Vehicle Group Inc - CVGI CFD

Commercial Vehicle Company profile

About Commercial Vehicle Group, Inc.

Commercial Vehicle Group, Inc. is a provider of components and assemblies into two primary end markets, which includes the global vehicle market and the United States technology integrator markets. The Company operates through two segments: Electrical Systems and Global Seating. The Electrical Systems segment designs, manufactures and sells electrical systems, electrical wire harnesses, electro-mechanical assemblies for warehouses, electro-mechanical cable assemblies for the construction, agricultural, industrial, automotive, truck, mining, rail and military industries in North America, Europe, and Asia-Pacific. The Global Seating segment designs, manufactures and sells Commercial vehicle seats for the global commercial vehicle markets including heavy duty trucks, medium duty trucks, last mile trucks, construction equipment, material handling equipment and agriculture equipment in North America, Europe, and Asia-Pacific.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Commercial Vehicle Group, Inc. revenues increased 35% to $971.6M. Net income before extraordinary items totaled $23.9M vs. loss of $37M. Revenues reflect Vehicle Solutions segment increase of 36% to $498.9M, Warehouse Automation segment increase of 85% to $187.9M, Electrical Systems segment increase of 20% to $169M, North America segment increase of 38% to $738.9M.

Equity composition

Common Stock $.01 Par, 3/11, 30M auth., 28,780,198 issd., less 285,208 shs. in Treas. @ $1.1M. Insiders and strategic owns 13.49%. IPO 8/6/04, 9,250,000 (3.125M by the Company)shares @ $13 per share by Credit Suisse First Boston LLC.