Commercial Vehicle Group: Fourth Quarter Earnings Overview
Commercial Vehicle Group Reports Fourth Quarter Loss
Commercial Vehicle Group Inc., headquartered in New Albany, Ohio, announced on Tuesday that it recorded a net loss of $6.6 million for the fourth quarter.
The company reported a loss of $0.20 per share for the quarter. After adjusting for special items, the loss was $0.18 per share.
These results were below analysts’ expectations, as a consensus of three analysts polled by Zacks Investment Research had anticipated a loss of $0.15 per share.
Despite the loss, the company’s revenue for the quarter reached $154.8 million, exceeding the $147.1 million forecasted by analysts surveyed by Zacks.
For the full year, Commercial Vehicle Group posted a total loss of $22.8 million, or $0.68 per share, with annual revenue totaling $649 million.
Looking ahead, the company projects its revenue for the coming year to fall between $660 million and $700 million.
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