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Noticias de CVGI
Eventos de CVGI
Commercial Vehicle Group Appoints David Ruppel as New CEO
Commercial Vehicle Group (CVGI) also announced that its board of directors has appointed David Ruppel as the company's next president and CEO and a member of the board, in each case effective November 9. Ruppel will succeed James Ray, who will step down as president and CEO and as a member of the board on November 9 and will remain with CVG as a senior advisor through his retirement on January 5, 2027. Ruppel currently serves as senior VP and general manager, transportation and Logistics at Littelfuse (LFUS).
CVG Reports Q3 Revenue of $208.1M
Reports Q3 revenue $208.1M, consensus $190.93M. James Ray, President and Chief Executive Officer, said, "The third quarter demonstrated the earnings potential of a leaner, more efficient, and more focused CVG. Strong volume growth across all three segments, together with productivity gains, drove meaningful revenue growth and improvement in gross margin, adjusted operating income, and adjusted EBITDA. We see further opportunities to improve performance, particularly through driving plant efficiencies and recovering higher commodity and freight costs."
Company Narrows FY26 EBITDA Outlook to $26M-$29M
Consensus $732.84M. Narrows FY26 adjusted EBITDA view to $26M-$29M from $26M-$31M. The company said, "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 272,442 units, up 8% versus the 2025 actual Class 8 truck builds of 251,251 units. The outlook for the Construction end market reflects high-single digit growth in 2026."
Commercial Vehicle Group Appoints Angie O'Leary as CFO
Commercial Vehicle Group announced that its board of directors has appointed Angie O'Leary as executive VP and CFO, effective August 6. O'Leary has served as interim CFO since March and previously held the positions of senior VP, corporate controller and chief accounting officer.
CVG Reports Q2 Revenue of $195.24M, Beating Expectations
Reports Q2 revenue $195.24M, consensus $171.61M. 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."
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