Tue, May 6, 9:17 PM (12 days ago)
**Commercial Vehicle Group, Inc. (CVGI) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $169.8 million, down 12.8% YoY due to softening customer demand across all segments. - **Gross Profit:** $17.8 million, down 23.2% YoY, primarily due to lower sales volumes. - **Operating Income:** $1.4 million, down from $4.5 million in Q1 2024. - **Net Loss:** $4.3 million, compared to a net income of $2.9 million in Q1 2024. - **Earnings per Share (EPS):** Basic and diluted EPS from continuing operations were $(0.09), compared to $0.05 in Q1 2024. **Profit Margins:** - **Gross Margin:** 10.5% in Q1 2025, down from 11.9% in Q1 2024. - **Operating Margin:** 0.8% in Q1 2025, down from 2.3% in Q1 2024. **Cash Flow:** - **Operating Cash Flow:** $15.2 million, a significant improvement from $(2.4) million in Q1 2024. - **Investing Cash Flow:** $(3.8) million, mainly due to capital expenditures. - **Financing Cash Flow:** $(18.1) million, primarily due to partial repayment of the revolving credit facility. **Segment Performance:** - **Global Seating:** Revenues down 9.1%, operating income down 2.9%. - **Global Electrical Systems:** Revenues down 14.1%, operating loss of $0.3 million. - **Trim Systems and Components:** Revenues down 16.6%, operating income down 63.5%. **Uncertainties and Future Operations:** - **Geopolitical Dynamics:** Ongoing geopolitical uncertainties and potential tariffs pose risks. - **Cost Reduction:** The company is implementing cost reduction measures, including workforce reductions and footprint optimization. - **Liquidity:** The company believes it has adequate liquidity for the next twelve months, with $102.5 million in borrowing availability and $20.2 million in cash. **Trends:** - **Revenue Decline:** The company experienced a decline in revenues across all segments due to softening customer demand. - **Cost Management:** The company is focusing on cost management and restructuring to improve profitability. - **Segment Realignment:** The company completed a strategic reorganization into three segments to better align with customers and end markets. **Future Outlook:** - **Capital Expenditures:** The company expects capital expenditures to be in the range of $10 million to $15 million in 2025. - **Debt Repayment:** The company is required to make quarterly amortization payments on its term loan facility and comply with financial covenants. - **Market Risks:** The company is exposed to market risks, including foreign exchange rates, interest rates, and commodity prices.