Commercial Vehicle Group (NASDAQ:CVGI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$171.8m (down 30% from 3Q 2023).

• Net loss: US$883.0k (down by 112% from US$7.29m profit in 3Q 2023).

• US$0.026 loss per share (down from US$0.22 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Commercial Vehicle Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 23%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 22% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 5 warning signs for Commercial Vehicle Group (of which 1 doesn't sit too well with us!) you should know about.

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