Commercial Vehicle Group ( (CVGI) ) just unveiled an update.
CVG reported its financial results for the fourth quarter and full year 2024, highlighting a strategic shift in its operations by divesting non-core segments like Industrial Automation. The company faced a decline in revenue and profitability due to global demand softening and operational inefficiencies, but it anticipates future growth from new business wins and operational improvements.
More about Commercial Vehicle Group
Commercial Vehicle Group (CVG) is a diversified industrial products and services company, focusing on segments such as Vehicle Solutions, Electrical Systems, and Aftermarket & Accessories.
YTD Price Performance: -12.12%
Average Trading Volume: 347,641
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $70.03M
Learn more about CVGI stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com