Commercial Vehicle Group Announces Second Quarter 2020 Results
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Commercial Vehicle Group (CVGI) Tops Q2 EPS by 17c, Revenues Beat
August 10, 2020 6:05 AM EDTCommercial Vehicle Group (NASDAQ: CVGI) reported Q2 EPS of ($0.24), $0.17 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $126.9 million versus the consensus estimate of $124.73 million.
"We navigated through an incredibly difficult quarter which was exacerbated by the COVID-19 pandemic that led to a rapid contraction in our end markets and the temporary shutdowns of our customers' operations. However, we moved quickly to align the business to the new realities we are facing, and as a result of our actions, we generated positive adjusted EBITDA and free cash flow during the... More
