OverviewSuggest Edit

Commercial Vehicle Group (CVG) is a company providing warehouse automation, robotic, and electric vehicle assemblies. It also offers electrical wire harnesses, seating systems, mechanical assemblies, structures, plastic products, and other solutions to the e-commerce, transportation, warehousing, construction equipment, industrial, and recreational vehicle markets.

TypePublic
Founded2000
HQNew Albany, OH, US
Websitecvgrp.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2020)7,200(-2%)
Job Openings13
Revenue (FY, 2020)$717.7 M(-20%)
Share Price (Sept 2021)$9.6(+5%)
Cybersecurity ratingBMore

Key People/Management at Commercial Vehicle Group

Harold Bevis

Harold Bevis

President, Chief Executive Officer, Director
Laura Macias

Laura Macias

Chief Human Resources and Public Relations Officer
Don Fishel

Don Fishel

Senior Vice President & Managing Director, Trim, Wipers and Structures
Aneezal Mohamed

Aneezal Mohamed

General Counsel, Compliance Officer and Secretary
Richard Tajer

Richard Tajer

Senior Vice President & Managing Director Global Wire Harness Group
Doug Bowen

Doug Bowen

Senior Vice President & Managing Director of Global Seating
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Commercial Vehicle Group Office Locations

Commercial Vehicle Group has offices in New Albany, Chillicothe, Concord, Dalton and in 19 other locations
New Albany, OH, US (HQ)
7800 Walton Pkwy
Chillicothe, OH, US
75 Chamber Dr
Concord, NC, US
2845 Armentrout Dr
Dalton, GA, US
1030 Vista Dr
Douglas, AZ, US
4721 N Eugene Ave
Dublin, VA, US
320 Newbern Rd
Show all (24)

Commercial Vehicle Group Financials and Metrics

Commercial Vehicle Group Revenue

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View revenue for all periods
Commercial Vehicle Group's revenue was reported to be $717.7 m in FY, 2020 which is a 20.4% decrease from the previous period.
USD

Revenue (Q1, 2021)

245.1m

Gross profit (Q1, 2021)

31.1m

Gross profit margin (Q1, 2021), %

12.7%

Net income (Q1, 2021)

8.5m

EBIT (Q1, 2021)

15.4m

Market capitalization (16-Sept-2021)

303.1m

Closing stock price (16-Sept-2021)

9.6

Cash (31-Mar-2021)

38.1m

EV

419.4m
Commercial Vehicle Group's current market capitalization is $303.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

755.2m897.7m901.2m717.7m

Revenue growth, %

19%0%(20%)

Cost of goods sold

662.7m768.9m796.1m643.6m

Gross profit

92.6m128.9m105.1m74.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

215.7m233.4m225.0m243.2m243.2m225.4m187.1m126.9m245.1m

Cost of goods sold

184.6m197.5m192.5m208.6m209.4m194.2m166.8m120.4m214.0m

Gross profit

31.1m35.9m32.5m34.6m33.8m31.2m20.3m6.5m31.1m

Gross profit Margin, %

14%15%14%14%14%14%11%5%13%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

52.2m70.9m39.5m50.5m

Accounts Receivable

108.6m134.6m115.1m151.1m

Inventories

99.0m92.4m82.9m91.2m

Current Assets

274.6m314.7m256.0m310.5m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(1.7m)44.5m15.8m(37.0m)

Depreciation and Amortization

15.3m15.4m15.5m18.5m

Inventories

(25.1m)4.8m9.5m(6.8m)

Accounts Payable

23.3m1.5m(24.3m)48.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

9.9m23.0m35.6m11.1m18.3m26.8m(24.6m)(37.1m)8.5m

Depreciation and Amortization

3.8m7.7m11.8m3.7m7.1m11.0m4.6m9.2m4.6m

Inventories

5.3m7.0m4.5m(4.7m)(462.0k)1.2m(3.3m)11.2m(18.3m)

Accounts Payable

(2.1m)2.8m6.7m9.5m6.6m3.3m12.3m(7.1m)22.9m
USDFY, 2017

Revenue/Employee

91.5k

Debt/Equity

2.2 x

Debt/Assets

0.4 x

Financial Leverage

5.1 x
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Commercial Vehicle Group Operating Metrics

FY, 2017FY, 2018FY, 2019

Production Volume (Class 5-7 trucks, North America)

249 k272 k281 k

Production Volume (Class 8 Trucks, North America)

256 k324 k342 k
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Commercial Vehicle Group Acquisitions / Subsidiaries

Company NameDateDeal Size
First Source ElectronicsSeptember 18, 2019$45 m
Cabarrus Plastics, Inc.
C.I.E.B. Kahovec, spol. s r.o.
Comercial Vehicle Group México, S. de R.L. de C.V.
Commercial Vehicle Group (Thailand) Company Limited
CVG Alabama, LLC
CVG AR LLC
CVG CS LLC
CVG CVS Holdings, LLC
CVG European Holdings, LLC
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Commercial Vehicle Group Revenue Breakdown

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Commercial Vehicle Group revenue breakdown by business segment: 61.8% from Electrical Systems and 38.2% from Global Seating

Commercial Vehicle Group revenue breakdown by geographic segment: 74.8% from United States, 20.6% from All Other Countries and 4.6% from Other

Commercial Vehicle Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Commercial Vehicle Group Online and Social Media Presence

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Commercial Vehicle Group News and Updates

CVG Announces New Business Leader of Aftermarket, NPI and Ecommerce

CVG (NASDAQ: CVGI) announced today that Peter Ingemi has joined CVG as Vice President of Aftermarket, NPI and Ecommerce, reporting to Harold Bevis, President and Chief Executive Officer.

CVG Announces New Chief Human Resources Officer

CVG (NASDAQ: CVGI) announced today that Kristin Mathers will join CVG on September 1 as the new Chief Human Resources Officer.

MFG virtual event

Attending Women in Manufacturing's Moms in MFG virtual event tomorrow? CVG's Kaitlin Carlisle speaks on Moms Healthy Return to Work this Thurs, Aug 12 at 12:30PM ET.

Membership with National Minority Supplier Development Council (NMSDCHQ)

We're pleased to announce our membership with National Minority Supplier Development Council (NMSDCHQ)! We're proud to be part of an organization dedicated towards advancing business opportunities for certified minority business enterprises.

CVG Announces Participation in Three Upcoming Virtual Conferences

CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, are scheduled to virtually participate at the following conferences: Sidoti Virtual Investor Conference to be held August 18-19, 2021. Management is schedule…

CVG Reports Second Quarter 2021 Results

CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its second quarter ended June 30, 2021.
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Commercial Vehicle Group Frequently Asked Questions

  • When was Commercial Vehicle Group founded?

    Commercial Vehicle Group was founded in 2000.

  • Who are Commercial Vehicle Group key executives?

    Commercial Vehicle Group's key executives are Harold Bevis, Laura Macias and Don Fishel.

  • How many employees does Commercial Vehicle Group have?

    Commercial Vehicle Group has 7,200 employees.

  • What is Commercial Vehicle Group revenue?

    Latest Commercial Vehicle Group annual revenue is $717.7 m.

  • What is Commercial Vehicle Group revenue per employee?

    Latest Commercial Vehicle Group revenue per employee is $99.7 k.

  • Who are Commercial Vehicle Group competitors?

    Competitors of Commercial Vehicle Group include FANUC America, JR Automation and Omron Adept Technology.

  • Where is Commercial Vehicle Group headquarters?

    Commercial Vehicle Group headquarters is located at 7800 Walton Pkwy, New Albany.

  • Where are Commercial Vehicle Group offices?

    Commercial Vehicle Group has offices in New Albany, Chillicothe, Concord, Dalton and in 19 other locations.

  • How many offices does Commercial Vehicle Group have?

    Commercial Vehicle Group has 24 offices.