Commercial Vehicle Group (CVGI) Misses Q4 EPS by 9c
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CVG Reports Fourth Quarter And Full Year 2020 Results
March 9, 2021 4:28 PM ESTNEW ALBANY, Ohio, March 9, 2021 /PRNewswire/ -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Highlights (Compared with prior-year period, where comparisons are noted)
Revenue of $216.0 million, up 14.0% due primarily to growth in warehouse automation. Operating Income of $5.0 million, up $9.3 million primarily due to higher volume and improved cost structure driven by cost reduction actions taken throughout 2020. Adjusted operating income of $8.3 million, up $9.6 million.... More