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Commercial Vehicle Group posts 4Q profit

NEW ALBANY, Ohio (AP) _ Commercial Vehicle Group Inc. (CVGI) on Thursday reported fourth-quarter net income of $355,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the New Albany, Ohio-based company said it had profit of 1 cent. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.

The supplier of products for heavy duty trucks posted revenue of $150 million in the period.

For the year, the company reported profit of $6.8 million, or 23 cents per share. Revenue was reported as $662.1 million.

Commercial Vehicle Group shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.09, a rise of 99 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVGI at https://www.zacks.com/ap/CVGI


Keywords: Commercial Vehicle Group, Earnings Report