Commercial Vehicle Group (CVGI) Misses Q4 EPS by 5c

Commercial Vehicle Group (NASDAQ: CVGI) reported Q4 EPS of ($0.05), $0.05 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $184.7 million versus the consensus estimate of $184.3 million.

Adjusted EPS in the same period last year was $0.16

2016 End Market Outlook

The 2015 North American Class 8 truck production was 323,000 units compared to 297,000 units in 2014. Class 5-7 truck production for 2015 was 235,000 units compared to 226,000 units in 2014. Management estimates that 2016 North American Class 8 truck production will be in the range of 230,000 – 250,000 units, North American Class 5-7 will be relatively stable, and that there is a bias toward continuing softness in global construction and agriculture markets in 2016.

For earnings history and earnings-related data on Commercial Vehicle Group (CVGI) click here.

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