Commercial Vehicle Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 03, 2021 at 04:55 pm EDT
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Commercial Vehicle Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 257.941 million compared to USD 126.896 million a year ago. Operating income was USD 16.329 million compared to operating loss of USD 10.515 million a year ago. Net income was USD 5.095 million compared to net loss of USD 12.497 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to basic loss per share from continuing operations of USD 0.4 a year ago. For the half year, sales was USD 503.063 million compared to USD 314.001 million a year ago. Operating income was USD 31.732 million compared to operating loss of USD 37.038 million a year ago. Net income was USD 13.585 million compared to net loss of USD 37.091 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to basic loss per share from continuing operations of USD 1.2 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to diluted loss per share from continuing operations of USD 1.2 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.
COMMERCIAL VEHICLE GROUP, INC. 
