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Stock impact report

Commercial Vehicle Group Announces Preliminary Financial Results For First Quarter 2020 And Provides A COVID-19 Business Update

Commercial Vehicle Group, Inc. (CVGI) 
Last commercial vehicle group, inc. earnings: 3/16 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.cvgrp.com
Company Research Source: PR Newswire
NEW ALBANY, Ohio, April 28, 2020 /PRNewswire/ -- Commercial Vehicle Group, Inc. (the "company" or "CVG") (NASDAQ: CVGI) announced today preliminary financial results for the quarter ended March 31, 2020 and provided additional comments on the company's performance during the COVID-19 pandemic.  Harold Bevis, Chief Executive Officer and President, stated, "The impact of the COVID-19 pandemic on CVG's end markets, our operations and financial affairs has been swift and significant and has temporarily impacted over half of the company's business. Other parts of the company were not impacted – the company's aftermarket, ecommerce material handling, and military businesses. We have continued to invest and grow this important part of our company." Mr. Bevis continued, "The company was swift to deal with the temporary halting of certain parts of the business beginning in late March and aligned our cost structure accordingly in line with demand curtailment. The suddenness wiped out our profit Show less Read more
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