Commercial Vehicle Group, Inc. (CVGI) Form 10-Q — Nov 2, 2026
Commercial Vehicle Group (CVGI) reported Q3 2026 revenues of $208.1 million, up 36.5% year over year, driven by new business wins and increased customer demand across all three segments. The company swung to net income of $5.6 million ($0.14 diluted EPS) from a $7.1 million loss a year earlier, with gross margin expanding to 13.5% from 10.5% on volume leverage and efficiency gains. Leverage remains elevated: CVG prepaid $30.5 million of its SOFR+9.75% term loan during 2026 using sale-leaseback proceeds ($17.0 million of gains) and $11.6 million of ATM equity sales, leaving $13.0 million of ATM capacity and $83.3 million of credit availability.
Key figures
- Eps
- 0.14
- Revenue
- 208091000
- Guidance
- 2026 capital expenditures expected in the range of $13 million to $17 million
- Net Income
- 5571000
- Total Debt
- 94600000
- Revenue Yoy
- 36.5%
- Cash Position
- 39800000
- Shares Outstanding
- 40611325
- Atm remaining
- 13000000
- Term loan rate
- SOFR plus 9.75%
- Gross margin q3
- 13.5%
- Nine month revenue
- 574825000
- Gross margin q3 prior
- 10.5%
- Product recall obligation
- 6492000
- Total credit availability
- 83300000
- Warrant liability fair value
- 6827000
- Operating cash flow nine month
- 1685000
- Operating cash flow prior year
- 32355000
AI analysis
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