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Commercial Vehicle Group Inc (CVGI.OQ)

CVGI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Commercial Vehicle Group reports Q1 earnings per share $0.02
Thursday, 4 May 2017 05:45pm EDT 

May 4 (Reuters) - Commercial Vehicle Group Inc :Commercial Vehicle Group announces first quarter 2017 results.Q1 earnings per share $0.02.Q1 revenue fell 3.8 percent to $173.4 million.Q1 adjusted earnings per share $0.08.Commercial Vehicle Group Inc says estimates that 2017 north american class 8 truck production will be in range of 215,000 - 235,000 units.Commercial Vehicle Group Inc says 2017 North American class 5-7 production is expected to be up slightly year-over-year.  Full Article

Commercial Vehicle Group entered into a $175 mln secured credit facility
Thursday, 13 Apr 2017 06:33am EDT 

Commercial Vehicle Group Inc : Commercial Vehicle Group Inc - on April 12, 2017, co entered into a $175 million secured credit facility - SEC filing . Commercial Vehicle Group Inc - term loan facility matures on April 12, 2023 . Commercial Vehicle Group Inc - company may increase amount outstanding under term loan facility by $20 million plus additional incremental term loans . Commercial Vehicle Group Inc - proceeds of term loans to be used fund redemption, of all of co's outstanding 7.875% senior secured notes due 2019 .Commercial Vehicle - amounts outstanding under term loan deal accrue interest at per annum rate equal to base rate plus 5.00% or LIBOR rate plus 6.00%.  Full Article

Commercial Vehicle Group announces the successful refinancing of its senior notes
Wednesday, 12 Apr 2017 04:10pm EDT 

Commercial Vehicle Group Inc : Commercial Vehicle Group announces the successful refinancing of its senior notes . Commercial Vehicle Group Inc-entered into third amended and restated loan and security agreement extending and upsizing its revolving credit facility .Commercial Vehicle Group Inc-agreement upsizing revolving credit facility to $65 million from $40 million, extends maturity date to April 2022 from April 2018.  Full Article

Commercial Vehicle Group announces intent to refinance 7.875% senior secured notes
Monday, 13 Mar 2017 09:06am EDT 

Commercial Vehicle Group Inc : Commercial Vehicle Group announces intent to refinance 7.875% senior secured notes . Commercial Vehicle Group Inc - company expects to close refinancing after redemption premium on 7.875% notes steps down to zero in April of this year . Commercial Vehicle Group Inc - its intention to refinance company's $235 million 7.875% notes due April 2019 with an institutional term loan . Commercial Vehicle Group Inc - also intend to upsize our abl facility to $65 million in conjunction with refinancing of notes . Commercial Vehicle Group Inc - revenues are estimated at $157.0 - $167.0 million for three months ending march 31, 2017 . Commercial Vehicle Group Inc - pro forma for expected refinancing, cash on balance sheet will approximate $65 million and debt will be $175 million . Commercial Vehicle Group Inc - operating income is estimated at $3.8 - $4.4 million for three months ending march 31, 2017 .Commercial Vehicle Group Inc - for three months ending March 31, 2017, adjusted EBITDA is estimated at $8.5 - $9.3 million.  Full Article

Commercial Vehicle Group Q4 earnings per share $0.01
Thursday, 9 Mar 2017 04:15pm EST 

Commercial Vehicle Group Inc : Commercial Vehicle Group announces fourth quarter and fiscal year 2016 results . Q4 earnings per share $0.01 . Q4 revenue fell 18.8 percent to $150 million . Q4 adjusted earnings per share $0.02 . Commercial vehicle group says management estimates that 2017 North American class 8 truck production will be in range of 200,000 to 220,000 units . Says management estimates that 2017 North American class 5-7 truck production will be stable . Says seeing strong order activity in North American truck aftermarket early in year . In 2017, "global agriculture markets may be flattening out but are still challenged" .Says construction markets co serves are looking positive in Europe, Asia, and North America in 2017.  Full Article

Commercial Vehicle reports Q2 adjusted earnings per share $0.10
Wednesday, 3 Aug 2016 04:05pm EDT 

Commercial Vehicle Group Inc : Commercial vehicle group announces second quarter 2016 results . Q2 revenue fell 18.1 percent to $178.3 million . Q2 earnings per share $0.09 . Q2 adjusted earnings per share $0.10 . Says FY North American class 5-7 production is expected to be stable year-over-year .Says estimates that 2016 north american class 8 truck production will be in range of 215,000 - 235,000 units.  Full Article

Commercial Vehicle Group provides updates on estimated pre-tax costs for previously announced facility closures
Thursday, 21 Jul 2016 03:31pm EDT 

Commercial Vehicle Group: Says will also close its administrative office in wixom, michigan, when lease expires in q3 of this year . Closure of monona facility is expected to be substantially completed by march 31, 2017 . When implemented by end 2017, cost reduction, restructuring plan seen lowering annualized operating costs by $8 million-$12 million . Affected facilities include plants located in Monona, Iowa; shadyside, Ohio; along with administrative offices in wixom, michigan . Commercial vehicle group announces facility closures in connection with restructuring plan . Plans to petition for assistance for eligible employees under department of labor trade adjustment assistance program . Says in connection with cost reduction and restructuring estimated pre tax costs of $12 to $19 million, is now lowered to $10 to $14 million .Shadyside facility has about 172 employees, closure of shadyside facility is expected to be substantially completed by june 30.  Full Article

Commercial Vehicle Group Inc announces manufacturing consolidation - Reuters News
Tuesday, 3 May 2016 03:39am EDT 

Commercial Vehicle Group Inc:To consolidate North American seat production into 2 north american facilities, cease seat production in piedmont facility.Will continue to maintain presence in Piedmont for aftermarket & service distribution channel after seat production transfer.Will be meeting with uaw union representing hourly employees to negotiate over its decision.About one hundred sixty employees will be impacted by this restructuring, which is expected to be completed in q3 of 2016.Anticipates restructuring charges of approximately $3 - 4 million.  Full Article

Commercial Vehicle Group Announces CEO Succession
Monday, 23 Nov 2015 08:20am EST 

Commercial Vehicle Group:Says that Patrick E. Miller was appointed President and CEO, following resignation of Richard P. Lavin, effective November 20, 2015.Miller will also replace Lavin on Board of Directors.  Full Article

More From Around the Web

BRIEF-Commercial Vehicle Group entered into a $175 mln secured credit facility

* Commercial Vehicle Group Inc - on April 12, 2017, co entered into a $175 million secured credit facility - SEC filing