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Jun 30, 2020
CVG Q2 2020 Earnings Report
Announced second quarter 2020 results, navigated a difficult quarter impacted by COVID-19, and implemented cost reduction actions.
Key Takeaways
Commercial Vehicle Group reported Q2 2020 results with revenues of $126.9 million, a net loss of $12.5 million, and an EPS of $(0.40). The company navigated a challenging quarter impacted by the COVID-19 pandemic and market declines but maintained liquidity of over $100 million and saw signs of recovery in core markets.
Revenues totaled $126.9 million.
Operating Loss of $10.5 million.
Adjusted EBITDA totaled $1.2 million.
$106.6 million total liquidity; $63.4 million cash and $43.2 million revolver availability.
Revenue by Segment
Forward Guidance
The company anticipates revenues to increase 25% to 35% for the three months ending September 30, 2020, as compared to the three months ended June 30, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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