Commercial Vehicle Group: Q4 Earnings Snapshot
The New Albany, Ohio-based company said it had net income of 70 cents per share
By AP News
Published - Mar 04, 2024, 05:21 PM ET
Last Updated - Apr 04, 2024, 01:37 AM EDT
NEW ALBANY, Ohio (AP) — NEW ALBANY, Ohio (AP) — Commercial Vehicle Group Inc. (CVGI) on Monday reported fourth-quarter net income of $23.3 million.
The New Albany, Ohio-based company said it had net income of 70 cents per share. Earnings, adjusted for pretax gains, came to 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The supplier of products for heavy-duty trucks posted revenue of $223.1 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $225.2 million.
