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Commercial Vehicle Group Inc. Reports Operating Results (10-Q)

August 06, 2012 | About:
10qk

10qk

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Commercial Vehicle Group Inc. (CVGI) filed Quarterly Report for the period ended 2012-06-30.

Commercial Vehicle Group, Inc. has a market cap of $234 million; its shares were traded at around $7.92 with a P/E ratio of 5.4 and P/S ratio of 0.3.

Highlight of Business Operations:

Gross Profit. Gross profit was approximately $37.5 million for the three months ended June 30, 2012 compared to $27.7 million in the three months ended June 30, 2011, an increase of approximately $9.8 million. This increase was primarily the result of the impact of the increased revenues discussed above offset by a loss of approximately $0.4 million related to the mark to market of our foreign exchange contracts. As a percentage of revenues, gross profit was 15.4% for the three months ended June 30, 2012 compared to 13.4% for the three months ended June 30, 2011.

Gross Profit. Gross profit was approximately $74.2 million for the six months ended June 30, 2012 compared to $52.4 million in the six months ended June 30, 2011, an increase of approximately $21.8 million. This increase was primarily the result of the impact of the increased revenues discussed above and a gain of approximately $0.5 million related to the mark to market of our foreign exchange contracts. As a percentage of revenues, gross profit was 15.5% for the six months ended June 30, 2012 compared to 13.5% for the six months ended June 30, 2011.

Read the The complete Report

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