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CVGI has been in the news 321% more than usual

Sep 05, 2024, 6:32 PM
-4.23%
What does CVGI do
Commercial Vehicle Group, headquartered in New Albany, Ohio, manufactures cab-related products and employs 7,700 people. It operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.
CVGI has been in the news recently: Constellation Brands anticipates a goodwill impairment of $1.5 to $2.5 billion in its wine and spirits segment due to weak demand and a projected 4-6% decrease in net sales for fiscal 2025. Despite this, the company has raised its earnings per share outlook for fiscal 2025 to between $13.60 and $13.80.
📡️ Industrials
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