CVG Q4 revenue beats analyst expectations

Commercial Vehicle

10/03/2026 20:46

Overview

US vehicle systems supplier's Q4 revenue fell 5% yr/yr but beat analyst expectations

Adjusted EPS for Q4 missed analyst expectations

Company cites improved gross margin and lower SG&A for reduced operating loss

Outlook

CVG sees 2026 net sales between $660 mln and $700 mln

Company expects 2026 adjusted EBITDA of $24 mln to $30 mln

CVG expects positive free cash flow in 2026

Result Drivers

SOFT NORTH AMERICAN DEMAND - Co said Q4 revenue decline was due to weaker North American demand, especially in Global Seating and Trim Systems & Components segments

GROSS MARGIN IMPROVEMENT - Improved gross margin performance and lower SG&A expenses drove reduced operating loss

GLOBAL ELECTRICAL SYSTEMS GROWTH - Global Electrical Systems segment revenue rose 12.7% due to ramping new business wins, including Zoox autonomous vehicle platform

Company press release: ID:nGNX7ryCcM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$154.8 mln
$147.05 mln (3 Analysts)
Q4 Adjusted EPS
Miss
-$0.18
-$0.15 (3 Analysts)
Q4 Adjusted EBITDA
Miss
$2.3 mln
$2.59 mln (2 Analysts)
Q4 Adjusted Gross Margin
10.3%
Q4 Operating Income
-$1.8 mln


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 139.5% above its March 9 closing price of $1.67

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)