Form 8-K
8-K — Commercial Vehicle Group, Inc.
Accession: 0001628280-26-051951
Filed: 2026-08-03
Period: 2026-08-03
CIK: 0001290900
SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — cvgi-20260803.htm (Primary)
EX-99.1 (cvgq22026earningsrelease.htm)
GRAPHIC (newsrelease-newversionx116.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: cvgi-20260803.htm · Sequence: 1
cvgi-20260803
0001290900FALSE00012909002025-11-102025-11-10
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 3, 2026
Commercial Vehicle Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware 001-34365 41-1990662
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
7800 Walton Parkway, New Albany, Ohio
43054
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: 614-289-5360
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share CVGI The NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02. Results of Operations and Financial Condition.
On August 3, 2026, Commercial Vehicle Group, Inc. (the “Company”) issued the press release attached hereto as Exhibit 99.1 announcing earnings for the second quarter ended June 30, 2026.
The information, including exhibit 99.1 hereto, the registrant furnished in this report is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing.
Item 7.01. Regulation FD Disclosure.
The information set forth under Item 2.02 is incorporated into this Item 7.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibit
Exhibit No. Description
99.1
Second quarter ended June 30, 2026 earnings press release dated August 3, 2026.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COMMERCIAL VEHICLE GROUP, INC.
August 3, 2026 By:
/s/ Angela M. O'Leary
Name: Angela M. O'Leary
Title: Interim Chief Financial Officer
(Principal Financial Officer)
EX-99.1
EX-99.1
Filename: cvgq22026earningsrelease.htm · Sequence: 2
Document
Exhibit 99.1
CVG REPORTS SECOND QUARTER 2026 RESULTS
Second quarter revenues of $195 million, EPS of $(0.25), Adjusted EBITDA of $5.4 million
Strong revenue growth across all three business segments
Raises full-year 2026 guidance
NEW ALBANY, OHIO (August 3, 2026) - CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its second quarter ended June 30, 2026.
Second Quarter 2026 Highlights (Results from Continuing Operations; compared with prior year, where comparisons are noted)
•Revenues of $195.2 million, up 13.5%, primarily driven by increased demand across all three segments.
•Gross margin expansion of 140 basis points versus Q2 2025 and 120 basis points sequentially versus Q1 2026 primarily from increased revenues and operational efficiency improvements.
•Operating income of $1.6 million, up $0.8 million, compared to $0.8 million. Adjusted operating income of $2.6 million, compared to $1.9 million.
•Net loss from continuing operations of $8.7 million, or $(0.25) per diluted share and adjusted net loss of $4.6 million, or $(0.13) per diluted share, compared to net loss from continuing operations of $4.1 million, or $(0.12) per diluted share and adjusted net loss of $2.9 million, or $(0.09) per diluted share. Net loss includes a $3.4 million pre-tax warrant liability revaluation expense.
•Adjusted EBITDA of $5.4 million, compared to $5.2 million, with an adjusted EBITDA margin of 2.8%, down from 3.0%.
•Net proceeds of approximately $11.6 million from the at-the-market equity issuance program used to pay down term loan.
James Ray, President and Chief Executive Officer, said, “We are encouraged by the strong revenue growth and gross margin expansion we delivered in the second quarter. All three segments generated year-over-year revenue growth, driven by the continued ramp of new business and increased customer demand. North American Class 8 truck production began to improve late in the quarter. We continued to deliver sequential gross margin expansion, reflecting the improvements from our operational efficiency and footprint rationalization initiatives and position CVG to benefit from increased demand.”
Mr. Ray continued, “Our Trim Systems & Components segment returned to year-over-year growth despite a lower Class 8 build rate compared with the prior-year quarter, driven in part by new business ramping in our wiper systems business. Global Seating continued to benefit from customer demand growth in international markets. Global Electrical Systems benefited from the ramp of new
1
business, including the Zoox robotaxi program and a more diversified end market mix driving consistent growth. As we look to the second half of 2026, we remain focused on disciplined execution, continued margin improvement, and free cash generation. We expect CVG to be positioned to capitalize on improving market conditions."
Angie O’Leary, Interim Chief Financial Officer, added, “During the second quarter, we continued to strengthen our balance sheet and execute our capital allocation priorities. Building on the progress from earlier this year, we further reduced outstanding debt with proceeds from our recently executed at-the-market equity offering program, which we expect to contribute to lower cash interest expense going forward. We also continue to make targeted investments in working capital to support key program launches and the growth opportunities across our businesses. SG&A expense increased from the prior year driven by higher incentive compensation and advisory service fees. We remain focused on driving profitable growth, generating free cash flow, and advancing toward our long-term net leverage objective of approximately two times. Based on our first-half revenue performance, and the momentum we see across all three segments, we are raising our revenue and Adjusted EBITDA guidance ranges for the year.”
Second Quarter Financial Results from Continuing Operations
(amounts in millions except per share data and percentages)
Second Quarter
2026 2025 $ Change % Change
Revenues
$ 195.2 $ 172.0 $ 23.2 13.5%
Gross profit $ 24.7 $ 19.5 $ 5.2 26.7%
Gross margin 12.7 % 11.3 %
Adjusted gross profit 1
$ 25.2 $ 20.6 $ 4.6 22.3%
Adjusted gross margin 1
12.9 % 12.0 %
Operating income $ 1.6 $ 0.8 $ 0.8 100.0%
Operating margin 0.8 % 0.5 %
Adjusted operating income 1
$ 2.6 $ 1.9 $ 0.7 36.8%
Adjusted operating margin 1
1.3 % 1.1 %
Net income (loss) from continuing operations $ (8.7) $ (4.1) $ (4.6)
NM2
Adjusted net income (loss) from continuing operations 1
$ (4.6) $ (2.9) $ (1.7) 58.6%
Earnings (loss) per share, diluted
$ (0.25) $ (0.12) $ (0.13)
NM2
Adjusted earnings (loss) per share, diluted 1
$ (0.13) $ (0.09) $ (0.04) 44.4%
Adjusted EBITDA 1
$ 5.4 $ 5.2 $ 0.2 3.8%
Adjusted EBITDA margin 1
2.8 % 3.0 %
1 See Appendix A for GAAP to Non-GAAP reconciliation
2 Not meaningful
Consolidated Results from Continuing Operations
Second Quarter 2026 Results
•Second quarter 2026 revenues were $195.2 million, compared to $172.0 million in the prior year period, an increase of 13.5%. The overall increase in revenues was primarily due to increased customer demand in international markets and the ramp of previously awarded new business wins across all three of our segments.
•Operating income in the second quarter 2026 was $1.6 million, up $0.8 million compared to the prior year period. Second quarter 2026 adjusted operating income was $2.6 million, compared to adjusted operating income of $1.9 million in the prior year period. The increase in
2
adjusted operating income was primarily attributable to higher sales and improved gross margin performance, partially offset by higher SG&A expense that was driven by higher incentive compensation and advisory service fees.
•Interest associated with debt and other expenses was $2.9 million and $2.3 million for the second quarter 2026 and 2025, respectively, with the increase for the second quarter 2026 due to higher interest rates.
•Net loss from continuing operations was $8.7 million, or $(0.25) per diluted share, for the second quarter 2026 compared to net loss of $4.1 million, or $(0.12) per diluted share, in the prior year period. Net loss includes a $3.4 million pre-tax warrant liability revaluation expense. Second quarter 2026 adjusted net loss from continuing operations was $4.6 million, or $(0.13) per diluted share, compared to adjusted net loss of $2.9 million, or $(0.09) per diluted share.
On June 30, 2026, the Company had $24.8 million of outstanding borrowings on its U.S. revolving credit facility and $2.9 million outstanding borrowings on its China credit facility, $36.0 million of cash and $91.2 million of availability from the credit facilities (subject to customary borrowing base and other conditions), resulting in total liquidity of $127.2 million.
Second Quarter 2026 Segment Results
Global Seating Segment
•Revenues were $80.0 million compared to $74.5 million for the prior year period, an increase of 7.5%, due primarily to increased customer demand in international markets.
•Operating income was $3.0 million, compared to $2.7 million in the prior year period, an increase of $0.3 million, driven by higher sales and improved gross margin performance. Second quarter 2026 adjusted operating income was $4.0 million compared to $3.1 million in the prior year period.
Global Electrical Systems Segment
•Revenues were $62.0 million compared to $53.6 million in the prior year period, an increase of 15.8%, primarily as a result of ramping new business wins.
•Operating income was $1.7 million compared to operating income of $0.7 million in the prior year period. The increase in operating income was primarily attributable to higher revenues.
Trim Systems and Components Segment
•Revenues were $53.2 million compared to $43.9 million in the prior year period, an increase of 21.1%, primarily due to higher sales volume as a result of increased customer demand in North America, including improved product mix.
•Operating income was $2.2 million compared to operating income of $0.1 million in the prior year period. The increase in operating income was primarily attributable to higher demand and improved operational efficiencies.
3
Outlook
CVG updated the Company's outlook for the full year 2026, based on current market conditions:
Metric Prior 2026 Outlook ($ millions) Updated 2026 Outlook ($ millions)
Revenues $660 - $700 $725 - $755
Adjusted EBITDA $24 - $30 $26 - $31
Free Cash Flow Positive Positive
This outlook reflects, among others, current industry forecasts for North America Class 8 truck builds. According to ACT Research, 2026 North American Class 8 truck production levels are expected to be at 274,111 units, up 9% versus the 2025 actual Class 8 truck builds of 251,251 units.
The outlook for the Construction end market reflects mid-single digit growth in 2026.
GAAP to Non-GAAP Reconciliation
A reconciliation of GAAP to non-GAAP financial measures referenced in this release is included as Appendix A to this release.
Conference Call
A conference call to discuss this press release is scheduled for Tuesday, August 4, 2026, at 8:30 a.m. ET. Management intends to reference the Q2 2026 Earnings Call Presentation during the conference call. To participate, dial (833) 461-5787 using conference code 592968497. International participants dial (585) 542-9983 using conference code 592968497.
This call is being webcast and can be accessed through the “Investors” section of CVG’s website at ir.cvgrp.com, where it will be archived and available for replay for one year.
Company Contact
Michelle Hards
Vice-President, Investor Relations / Corporate Financial Planning & Analysis
CVG
IR@cvgrp.com
Investor Relations Contact
Ross Collins or Nathan Skown
Alpha IR Group
CVGI@alpha-ir.com
About CVG
CVG is a global provider of systems, assemblies and components to global commercial vehicle markets and electric vehicle markets. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “will”,
4
“should”, “could”, “would”, “project”, “continue”, “likely”, and similar expressions. In particular, this press release may contain forward-looking statements about the Company’s expectations for future periods with respect to its plans to improve financial results, the future of the Company’s end markets, including, but not limited to, global commercial vehicle markets and electric vehicle markets, changes in the North America Class 8 and Class 5-7 truck build rates, performance of the global construction and agricultural equipment businesses, the Company’s prospects in the global commercial vehicle markets and electric vehicle markets, the Company’s initiatives to address customer needs, organic growth, the Company’s strategic plans and plans to focus on certain segments, competition faced by the Company, volatility in and disruption to the global economic environment including global supply chain constraints, inflation and labor shortages, tariffs and counter-measures, financial covenant compliance, anticipated effects of acquisitions or divestitures, production of new products, plans for capital expenditures, and the Company’s financial position or other financial information. These statements are based on certain assumptions that the Company has made in light of its experience as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including those included in the Company’s filings with the SEC. There can be no assurance that statements made in this press release relating to future events will be achieved. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.
Other Information
Throughout this document, certain numbers in the tables or elsewhere may not sum due to rounding. Rounding may have also impacted the presentation of certain year-on-year percentage changes.
###
5
COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months and Six Months Ended June 30, 2026 and 2025
(Unaudited)
(Amounts in thousands, except per share amounts)
Three Months Ended Six Months Ended
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025
Revenues $ 195,238 $ 171,956 $ 366,733 $ 341,751
Cost of revenues 170,510 152,427 322,190 304,429
Gross profit 24,728 19,529 44,543 37,322
Selling, general and administrative expenses 23,171 18,732 42,230 35,117
Gain on sale of assets — — (13,957) —
Operating income (loss) 1,557 797 16,270 2,205
Other (income) expense 893 427 1,782 355
Warrant expense 3,443 — 8,420 —
Loss on extinguishment of debt 1,029 460 2,987 460
Interest expense 2,947 2,291 7,041 4,794
Income (loss) before provision for income taxes (6,755) (2,381) (3,960) (3,404)
Provision for income taxes 1,987 1,725 3,880 3,841
Net income (loss) from continuing operations $ (8,742) $ (4,106) (7,840) (7,245)
Net income (loss) from discontinued operations (1,500) (655) (1,500) (1,828)
Net income (loss) (10,242) (4,761) (9,340) (9,073)
Basic earnings (loss) per share
Income (loss) from continuing operations $ (0.25) $ (0.12) $ (0.23) $ (0.21)
Income (loss) from discontinued operations $ (0.04) $ (0.02) $ (0.04) $ (0.05)
Diluted earnings (loss) per share
Income (loss) from continuing operations $ (0.25) $ (0.12) $ (0.23) $ (0.21)
Income (loss) from discontinued operations $ (0.04) $ (0.02) $ (0.04) $ (0.05)
Weighted average shares outstanding:
Basic 34,769 33,799 34,481 33,747
Diluted 34,769 33,799 34,481 33,747
6
COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands, except per share amounts)
ASSETS June 30, 2026 December 31, 2025
Current assets:
Cash $ 35,952 $ 33,282
Accounts receivable, net 115,429 86,262
Inventories 129,914 118,557
Other current assets 33,234 25,226
Total current assets 314,529 263,327
Property, plant and equipment, net 62,601 66,638
Intangible assets, net 3,064 3,350
Deferred income taxes, net 11,279 11,349
Other assets, net 63,055 47,050
Total assets $ 454,528 $ 391,714
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 100,469 $ 74,180
Accrued liabilities and other 53,311 31,800
Current portion of long-term debt and short-term debt 4,844 2,371
Total current liabilities 158,624 108,351
Long-term debt 86,938 104,004
Pension and other post-retirement benefits 6,721 6,902
Other long-term liabilities 66,128 39,100
Total liabilities $ 318,411 $ 258,357
Stockholders’ equity:
Preferred stock $ — $ —
Common stock 377 342
Treasury stock, at cost (17,308) (16,706)
Additional paid-in capital 287,253 272,903
Retained deficit (106,172) (96,832)
Accumulated other comprehensive loss (28,033) (26,350)
Total stockholders’ equity 136,117 133,357
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 454,528 $ 391,714
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COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES
BUSINESS SEGMENT FINANCIAL INFORMATION
(Unaudited)
(Amounts in thousands)
Three Months Ended June 30,
Global Seating Global Electrical Systems Trim Systems and Components Corporate/Other Total
2026 2025 2026 2025 2026 2025 2026 2025 2026 2025
Revenues $ 80,014 $ 74,457 $ 62,032 $ 53,585 $ 53,192 $ 43,914 $ — $ — $ 195,238 $ 171,956
Gross profit (loss) 11,133 9,930 6,900 5,911 6,695 3,688 — — 24,728 19,529
Selling, general & administrative expenses 8,155 7,219 5,212 5,204 4,472 3,583 5,332 2,726 23,171 18,732
Gain on sale of assets — — — — — — — — — —
Operating income (loss) $ 2,978 $ 2,711 $ 1,688 $ 707 $ 2,223 $ 105 $ (5,332) $ (2,726) $ 1,557 $ 797
Six Months Ended June 30,
Global Seating Global Electrical Systems Trim Systems and Components Corporate/Other Total
2026 2025 2026 2025 2026 2025 2026 2025 2026 2025
Revenues $ 154,519 $ 147,866 $ 119,478 $ 104,037 $ 92,736 $ 89,848 $ — $ — $ 366,733 $ 341,751
Gross profit (loss) 21,565 19,023 12,669 9,900 10,309 8,399 — — 44,543 37,322
Selling, general & administrative expenses 15,521 13,608 10,996 9,511 8,186 6,761 7,527 5,237 42,230 35,117
Gain on sale of assets (13,716) — — — — — (241) — (13,957) —
Operating income (loss) $ 19,760 $ 5,415 $ 1,673 $ 389 $ 2,123 $ 1,638 $ (7,286) $ (5,237) $ 16,270 $ 2,205
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COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES
Appendix A: Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited)
(Amounts in thousands, except per share amounts and percentages)
Three Months Ended Six Months Ended
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025
Gross profit $ 24,728 $ 19,529 $ 44,543 $ 37,322
Restructuring 507 1,111 1,937 1,641
Adjusted gross profit $ 25,235 $ 20,640 $ 46,480 $ 38,963
% of revenues 12.9 % 12.0 % 12.7 % 11.4 %
Three Months Ended Six Months Ended
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025
Operating income $ 1,557 $ 797 $ 16,270 $ 2,205
Restructuring 997 1,140 2,234 1,842
Gain on sale of fixed assets — — (13,957) —
Total operating income adjustments 997 1,140 (11,723) 1,842
Adjusted operating income $ 2,554 $ 1,937 $ 4,547 $ 4,047
% of revenues 1.3 % 1.1 % 1.2 % 1.2 %
Three Months Ended Six Months Ended
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025
Net income (loss) from continuing operations $ (8,742) $ (4,106) $ (7,840) $ (7,245)
Operating income adjustments 997 1,140 (11,723) 1,842
Loss on early extinguishment of debt 1,029 460 2,987 460
Warrant fair value adjustment 3,443 — 8,420 —
Adjusted provision for income taxes1
(1,367) (400) 79 (576)
Adjusted net income (loss) from continuing operations $ (4,640) $ (2,906) $ (8,077) $ (5,519)
Diluted EPS $ (0.25) $ (0.12) $ (0.23) $ (0.21)
Adjustments to diluted EPS $ 0.12 $ 0.03 $ — $ 0.05
Adjusted diluted EPS $ (0.13) $ (0.09) $ (0.23) $ (0.16)
1.Reported Tax Provision adjusted for tax effect of special charges at 25%.
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Three Months Ended Six Months Ended
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025
Net income (loss) from continuing operations $ (8,742) $ (4,106) $ (7,840) $ (7,245)
Interest expense 2,947 2,291 7,041 4,794
Provision for income taxes 1,987 1,725 3,880 3,841
Depreciation expense 3,637 3,514 7,215 6,952
Amortization expense 134 142 272 284
EBITDA $ (37) $ 3,566 $ 10,568 $ 8,626
% of revenues — % 2.1 % 2.9 % 2.5 %
EBITDA adjustments
Restructuring $ 997 $ 1,140 $ 2,234 $ 1,842
Gain on sale of fixed assets — — (13,957) —
Loss on extinguishment of debt 1,029 460 2,987 460
Warrant fair value adjustment 3,443 — 8,420 —
Adjusted EBITDA $ 5,432 $ 5,166 $ 10,252 $ 10,928
% of revenues 2.8 % 3.0 % 2.8 % 3.2 %
Three Months Ended June 30, 2026
Global Seating Global Electrical Systems Trim Systems and Components Corporate/Other Total
Operating income (loss) $ 2,978 $ 1,688 $ 2,223 $ (5,332) $ 1,557
Restructuring 997 — — — 997
Adjusted operating income (loss) $ 3,975 $ 1,688 $ 2,223 $ (5,332) $ 2,554
% of revenues 5.0 % 2.7 % 4.2 % 1.3 %
Six months ended June 30, 2026
Global Seating Global Electrical Systems Trim Systems and Components Corporate/Other Total
Operating income (loss) $ 19,760 $ 1,673 $ 2,123 $ (7,286) $ 16,270
Restructuring 1,562 509 163 — 2,234
Gain on sale of fixed assets (13,716) — — (241) (13,957)
Adjusted operating income (loss) $ 7,606 $ 2,182 $ 2,286 $ (7,527) $ 4,547
% of revenues 4.1 % 2.3 % 0.8 % 1.1 %
Three Months Ended June 30, 2025
Global Seating Global Electrical Systems Trim Systems and Components Corporate/Other Total
Operating income (loss) $ 2,711 $ 707 $ 105 $ (2,726) $ 797
Restructuring 358 539 243 — 1,140
Adjusted operating income (loss) $ 3,069 $ 1,246 $ 348 $ (2,726) $ 1,937
% of revenues 4.1 % 2.3 % 0.8 % 1.1 %
10
Six months ended June 30, 2025
Global Seating Global Electrical Systems Trim Systems and Components Corporate/Other Total
Operating income (loss) $ 5,415 $ 389 $ 1,638 $ (5,237) $ 2,205
Restructuring 358 1,069 288 127 $ 1,842
Adjusted operating income (loss) $ 5,773 $ 1,458 $ 1,926 $ (5,110) $ 4,047
% of revenues 3.9 % 1.4 % 2.1 % 1.2 %
The following tables present reconciliations of the captions within CVG's Condensed Consolidated Statements of Cash Flows to Free cash flow, attributable to continuing operations, discontinued operations, and total CVG for the three and six months ended June 30, 2026 and 2025.
Three Months Ended Six Months Ended
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025
CONTINUING OPERATIONS
Cash flows from operating activities $ 1,684 $ 18,720 $ 123 $ 33,735
Purchases of property, plant and equipment (3,082) (1,465) (5,735) (5,271)
Proceeds from disposal/sale of property, plant and equipment 30 — 15,922 —
Free cash flow from continuing operations $ (1,368) $ 17,255 $ 10,310 $ 28,464
DISCONTINUED OPERATIONS
Cash flows from operating activities $ — $ 149 $ — $ 306
Free cash flow from discontinued operations $ — $ 149 $ — $ 306
TOTAL COMPANY
Cash flows from operating activities $ 1,684 $ 18,869 $ 123 $ 34,041
Purchases of property, plant and equipment (3,082) (1,465) (5,735) (5,271)
Proceeds from disposal/sale of property, plant and equipment 30 — 15,922 —
Free cash flow $ (1,368) $ 17,404 $ 10,310 $ 28,770
Use of Non-GAAP Measures
This earnings release contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). In general, the non-GAAP measures exclude items that (i) management believes reflect the Company’s multi-year corporate activities; or (ii) relate to activities or actions that may have occurred over multiple or in prior periods without predictable trends. Management uses these non-GAAP financial measures internally to evaluate the Company’s performance, engage in financial and operational planning and to determine incentive compensation.
Management provides these non-GAAP financial measures to investors as supplemental metrics to assist readers in assessing the effects of items and events on the Company’s financial and operating results and in comparing the Company’s performance to that of its competitors and to comparable reporting periods. The non-GAAP financial measures used by the Company may be calculated
11
differently from, and therefore may not be comparable to, similarly titled measures used by other companies.
The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. The financial results calculated in accordance with GAAP and reconciliations to those financial statements set forth above should be carefully evaluated.
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v3.26.1
Cover
Nov. 10, 2025
Cover [Abstract]
Document Type
8-K
Entity Registrant Name
Commercial Vehicle Group, Inc.
Entity Incorporation, State or Country Code
DE
Entity File Number
001-34365
Entity Tax Identification Number
41-1990662
Entity Address, Address Line One
7800 Walton Parkway
Entity Address, City or Town
New Albany
Entity Address, State or Province
OH
Entity Address, Postal Zip Code
43054
City Area Code
614
Local Phone Number
289-5360
Title of 12(b) Security
Common Stock, par value $0.01 per share
Trading Symbol
CVGI
Security Exchange Name
NASDAQ
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Entity Emerging Growth Company
false
Entity Central Index Key
0001290900
Amendment Flag
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
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Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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