CVG Q2 revenue down 11.2%

Commercial Vehicle

04/08/2025 21:34

Overview

CVG Q2 2025 revenue down 11.2% yr/yr, beats analyst expectations, per LSEG data

Adjusted EPS for Q2 misses analyst expectations, reflecting net loss from operations

Co raises full yr free cash flow outlook to at least $30 mln

Outlook

CVG revises 2025 net sales outlook to $650-670 mln

Company lowers 2025 adjusted EBITDA guidance to $21-25 mln

CVG raises 2025 free cash flow outlook to over $30 mln

Construction and Agriculture markets projected to decline 5-15% in 2025

Result Drivers

SOFTENING DEMAND - Revenue down 11.2% due to softening in global demand, per CEO James Ray

OPERATIONAL EFFICIENCY - Gross margin improved by 80 basis points due to operational efficiency improvements

NEW BUSINESS WINS - Global Electrical Systems segment performance improved due to new business wins outside Construction and Agriculture markets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$172 mln
$156.30 mln (2 Analysts)
Q2 Adjusted EPS
Miss
-$0.09
-$0.07 (2 Analysts)
Q2 Net Income
-$4.76 mln
Q2 Adjusted EBITDA
Beat
$5.20 mln
$4.88 mln (2 Analysts)
Q2 Adjusted Gross Margin
12.0%
Q2 Operating Income
$800,000


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

Wall Street's median 12-month price target for Commercial Vehicle Group Inc is $4.00, about 58% above its August 1 closing price of $1.68

The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX6223VM

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)