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Commercial Vehicle Group, Inc. (CVGI)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Electrical Systems  180.4169.0141.1178.4512.8434.4  
    Global Seating      397.5329.5  
    Seats       314.7  
    Trim       150.2  
    Other  801.1802.6576.6722.8    
Total revenues  981.6971.6717.7901.2897.7755.2662.1825.3
            Revenue growth   [+]1.0%35.4%-20.4%0.4%18.9%14.1%-19.8%-1.7%
Cost of goods sold  895.0852.6643.6796.1772.8664.4575.4714.5
Gross profit  86.5119.074.1105.1124.990.986.7110.8
            Gross margin  8.8%12.2%10.3%11.7%13.9%12.0%13.1%13.4%
Selling, general and administrative  66.469.468.264.560.759.560.571.5
Other operating expenses        1.31.3
EBITDA   [+]38.368.124.356.278.245.241.455.7
            EBITDA margin  3.9%7.0%3.4%6.2%8.7%6.0%6.2%6.8%
Depreciation and amortization  18.218.518.515.514.013.915.116.4
EBITA  20.149.65.840.664.231.326.239.4
            EBITA margin  2.1%5.1%0.8%4.5%7.2%4.1%4.0%4.8%
Amortization of intangibles      1.31.31.31.3
EBIT   [+]20.149.65.840.662.930.024.938.0
            EBIT margin  2.1%5.1%0.8%4.5%7.0%4.0%3.8%4.6%
Non-recurring items   [+]  29.0     
Interest expense  9.811.220.616.914.719.119.321.4
Other income (expense), net   [+]-11.4-6.3-0.7-2.21.31.91.20.2
Pre-tax income  -1.132.1-44.521.649.612.86.816.8
Income taxes  20.98.4-7.55.88.115.10.09.8
            Tax rate   26.1%16.7%26.8%16.3%117.7%0.7%58.0%
Minority interest         0.0
Net income  -22.023.7-37.015.841.5-2.36.87.1
            Net margin  -2.2%2.4%-5.2%1.8%4.6%-0.3%1.0%0.9%
   
Basic EPS   [+]($0.68)$0.75($1.20)$0.52$1.37($0.08)$0.23$0.24
Diluted EPS   [+]($0.68)$0.72($1.20)$0.51$1.36($0.08)$0.23$0.24
   
Shares outstanding (basic)   [+]32.331.530.930.630.329.929.529.2
Shares outstanding (diluted)   [+]32.332.830.930.830.629.929.929.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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