Commercial Vehicle Group 2025 Q3 Earnings Sharp Revenue Drop and Net Loss Amid Market Challenges

Commercial Vehicle Group (CVGI) reported Q3 2025 earnings on Nov 10, 2025, with results falling short of expectations. , missing analyst estimates. The company revised full-year guidance downward, reflecting softer demand in key markets and operational challenges.

Revenue

The $152.49 million revenue decline was driven by weaker performance in Global Seating and Trim Systems segments, which faced reduced demand in North America. The Global Electrical Systems segment, however, returned to year-over-year growth, supported by new business wins outside core markets. Trim Systems and Components struggled due to declining Class 8 truck production but implemented cost-saving measures.

Earnings/Net Income

CVGI swung to a $0.21 loss per share in Q3 2025 from a $0.28 profit a year ago, marking a 175% negative change. The company reported a net loss of $7.08 million, a 174.4% deterioration from 2024’s $9.51 million net income. The earnings shortfall underscored persistent operational pressures and margin compression.

Price Action

. The post-earnings price action highlighted investor skepticism amid deteriorating fundamentals.

Post-Earnings Price Action Review

The strategy of buying CVGI shares following revenue announcements and holding for 30 days underperformed significantly over the past three years, . This historical pattern suggests the strategy is not profitable, as it lags behind broader market benchmarks.

CEO Commentary

CEO emphasized resilience amid softening demand in Construction, Agriculture, and Class 8 truck markets. Operational efficiencies, including reduced SG&A expenses and manufacturing right-sizing, drove margin expansion. Ray highlighted progress in Electrical Systems and cost discipline in Trim Systems, while reiterating commitment to long-term recovery.

Guidance

CVGI revised 2025 full-year net sales to $640–$650 million (down from $650–$670 million) and Adjusted EBITDA to $17–$19 million (vs. . The company aims to stabilize margins, reduce debt, and leverage new customer programs across segments.

Additional News

1. Index Delisting: CVGI was removed from the S&P Global BMI Index on Sep 21, 2025, reflecting its declining market position.

2. Investor Engagement: Lakeview Opportunity Fund LLC announced intentions to communicate with CVGI on Sep 15, 2025, signaling potential activist interest.

3. Analyst Adjustments: revised CVGI’s price target to $15 from $17 on Nov 5, 2025, citing uncertain supply chain dynamics but maintained an “Outperform” rating.