Commercial Vehicle Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 04, 2022 at 04:50 pm EDT
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Commercial Vehicle Group, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 244.37 million compared to USD 245.12 million a year ago. Net income was USD 3.98 million compared to USD 8.49 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.26 a year ago.
Commercial Vehicle Group, Inc. is a global provider of systems, assemblies and components to the global commercial vehicle market, the electric vehicle market, and the industrial automation markets. The Company delivers solutions to complex design, engineering, and manufacturing problems. The Company's segments include Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation. The Vehicle Solutions segment designs, manufactures and sells commercial vehicle seats and plastic and trim components. The Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies and design and engineering for these applications. The Aftermarket & Accessories segment designs, manufactures, and sells seats and components, commercial vehicle accessories, and office seats. The Industrial Automation segment designs, manufactures and sells warehouse automation subsystems.