Commercial Vehicle Group (CVGI) Tops Q3 EPS by 4c
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Commercial Vehicle Group (NASDAQ: CVGI) reported Q3 EPS of $0.07, $0.04 better than the analyst estimate of $0.03. Revenue for the quarter came in at $153.6 million versus the consensus estimate of $169 million.
2016 End Market Outlook
Management estimates that the 2016 North American Class 8 truck production will be in the range of 215,000 - 225,000 units, down from a near historically high level of 323,000 units in 2015; North American Class 5-7 production is expected to be stable year-over-year. Management believes there is a bias toward continued softness in the global construction and agriculture equipment markets, more so in North America than the rest of the world.
For earnings history and earnings-related data on Commercial Vehicle Group (CVGI) click here.
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