CVGI Maintains Strong Profit Profile, Besting Our 2Q:21 EPS Estimate
Commercial Vehicle Group (NASDAQ: CVGI) was featured in a company-sponsored research earnings preview note published by Sidoti & Company, LLC. The report reads, “CVGI’s 2Q:21 results were ahead of expectations. Revenue in 2Q:21 doubled to $257.9 million… The higher volume and better sales widened the operating margin to 6.5% from a loss a year ago…Our increased profit outlook takes our target to $18 (from $16).”
To access the full research report, visit https://ibn.fm/Bm5VT
CVGI will be presenting at the Sidoti August Virtual Microcap Conference on Wednesday, August 18 at 10:45am EDT. As the official media partner, InvestorBrandNetwork will provide additional visibility of the upcoming presentation with its syndication platform. To register for the conference, visit https://ibn.fm/SidotiAugust2021Registration.
About Commercial Vehicle Group, Inc.
CVG is a global provider of components and assemblies into two primary end markets – the global vehicle market and the U.S. technology integrator markets. The company provides components and assemblies to global vehicle companies to build original equipment and provides aftermarket products for fleet owners. The company also provides mechanical assemblies to warehouse automation integrators and to U.S. military technology integrators. Please visit www.cvgrp.com.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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