Filing Flows › Commercial Vehicle Group (CVGI) › Q1 2025
Commercial Vehicle Group (CVGI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Commercial Vehicle Group (CVGI) reported revenue of $170M for the first quarter 2025 (Q1 2025), -13% from a year earlier and +4% from the quarter before. Operating margin was 0.8%, net loss $4.3M (2.5% of revenue).
Commercial Vehicle Group, Q1 2025: revenue $170M (-13% year over year), operating margin 0.8%, net loss $4.3M, operating cash flow $15.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $170M | +4% | -13% |
| Operating profit | $1.4M | — | — |
| Net earnings | −$4.3M | — | — |
| Operating cash flow | $15.2M | — | — |
| Free cash flow | $11.4M | — | — |
What changed
Revenue was $169.8M in Q1 2025, down 13% year over year and up 4% from the previous quarter. Seats was the largest line at 43% of revenue. Electrical wire harnesses, panels and assemblies lost $8.1M year over year (down 14%), 33% of the total change.
Gross margin was 10.5%, down 1.4 points from a year earlier. Operating profit was $1.4M, a 0.8% margin (down 1.5 points year over year). Operating expenses fell 12% while revenue fell 13%. The quarter ended with a net loss of $4.3M, narrower than the previous quarter's $38.7M loss. Net interest and other expense of $3.6M was the main reason.
Operating cash flow was $15.2M. Non-cash charges added back $3.6M of depreciation and amortization and $770K of share-based compensation. Working capital and other items added $15.1M. After purchases of property, plant and equipment ($3.8M), free cash flow as the company reports it was $11.4M.
Questions
What was Commercial Vehicle Group's revenue in the first quarter 2025?
Commercial Vehicle Group (CVGI) reported revenue of $170M for the first quarter 2025 (Q1 2025), -13% from a year earlier and +4% from the quarter before.
Was Commercial Vehicle Group profitable in the first quarter 2025?
Operating profit was $1.4M (0.8% of revenue) and net loss $4.3M.