Commercial Vehicle Group Inc
For the period ended Jun 30, 2024. Filed Aug 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 5, 2024
CVGI$3.15-3.7%Stored close · as of Nov 6, 2026
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Condensed Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Unaudited)(In thousands, except per share amounts) | ||||
| Revenues | $229,906 | $262,194 | $461,974 | $524,903 |
| Cost of revenues | 208,927 | 223,793 | 414,330 | 451,293 |
| Gross profit | 20,979 | 38,401 | 47,644 | 73,610 |
| Selling, general and administrative expenses | 20,219 | 22,457 | 40,312 | 43,022 |
| Operating income | 760 | 15,944 | 7,332 | 30,588 |
| Other expense | 207 | 307 | 419 | 105 |
| Interest expense | 2,488 | 2,804 | 4,739 | 5,694 |
| Income (loss) before provision for income taxes | (1,935) | 12,833 | 2,174 | 24,789 |
| Provision (benefit) for income taxes | (334) | 2,693 | 836 | 5,949 |
| Net income (loss) | $(1,601) | $10,140 | $1,338 | $18,840 |
| Earnings (loss) per Common Share: | ||||
| Basic | $(0.05) | $0.31 | $0.04 | $0.57 |
| Diluted | $(0.05) | $0.30 | $0.04 | $0.57 |
| Weighted average shares outstanding: | ||||
| Basic | 33,393 | 33,051 | 33,359 | 32,960 |
| Diluted | 33,393 | 33,429 | 33,834 | 33,312 |
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