Commercial Vehicle Group First Quarter Revenues and Operating Income Up
Vehicle Group, Inc. (Nasdaq: CVGI), a leading supplier of a full range of cab related products and systems for the global commercial vehicle market, has reported financial results for the first quarter ended March 31, 2014 in which revenues were $198.1 million compared to $177.8 million for the prior-year period, an increase of 11.4 percent.
These results, according to the company, were primarily driven by increased production volumes in the North American heavy-duty truck and global construction markets.
Operating income for the first quarter was $5.4 million compared to an operating loss of $0.3 million for the prior-year period. Net loss was $0.5 million for the first quarter, or $(0.02) per diluted share, compared to a net loss of $4.6 million, or $(0.16) per diluted share in the prior-year period.
Commercial Vehicle Group, Inc. is a Delaware (USA) corporation and a leading supplier of a full range of cab related products and systems for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the medium-and heavy-construction vehicle markets, the military, bus, agriculture, specialty transportation, mining, industrial equipment and off-road recreational (ATV/UTV) markets.
More at www.cvgrp.com.
Category: General Update
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