Commercial Vehicle Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 01, 2023 at 10:00 pm
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Commercial Vehicle Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 262.19 million compared to USD 250.85 million a year ago. Net income was USD 10.14 million compared to USD 2.49 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.08 a year ago.
For the six months, sales was USD 524.9 million compared to USD 495.22 million a year ago. Net income was USD 18.84 million compared to USD 6.47 million a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.2 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. 
