CVGI · Commercial Vehicle Group, Inc.

NEW ALBANY, Ohio, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group, Inc. (NASDAQ: CVGI), a diversified industrial products and services company, today announced that its Board of Directors has appointed Angie O'Leary as Executive Vice President and Chief Financial Officer, effective August 6, 2026. Ms. O'Leary has served as Interim Chief Financial Officer since March 2026 and previously held the positions of Senior Vice President, Corporate Controller and Chief Accounting Officer. She brings extensive financial leadership experience and deep knowledge of CVG's global operations, financial organization, and strategic priorities. "Since stepping into the interim CFO role, Angie has demonstrated exceptional leadership, financial expertise and a strong commitment to our business," said James Ray, President and Chief Executive Officer of CVG. "Her performance over the past several months has reinforced our confidence in her ability to lead our finance organization and help drive CVG's long-term success. We are pleased to appoint Angie as our permanent Chief Financial Officer.” Ms. O'Leary joined CVG in 2020 and has served in several key finance leadership positions. Throughout her tenure, she has played an important role in strengthening the company's financial processes, supporting strategic initiatives and helping position CVG for sustainable growth. "I am honored by the Board's confidence and excited to continue serving as CVG's Chief Financial Officer," said Ms. O'Leary. "CVG has a talented global team, strong customer relationships and significant opportunities ahead. I look forward to partnering with James, our leadership team, and colleagues around the world as we continue executing our strategy and creating value for our stakeholders.” As Chief Financial Officer, Ms. O'Leary will continue to oversee the company's global finance organization, including financial planning and analysis, accounting, treasury, tax, investor relations and financial reporting. About CVG Commercial Vehicle Group, Inc. and its subsidiaries, is a global provider of systems, assemblies and components to global commercial vehicle markets and electric vehicle markets. We deliver real solutions to complex design, engineering, and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . Investor Relations Contact: Media Contact: Ross Collins or Nathan Skown Patrick Woolford Alpha IR Group Director, Communications [email protected] [email protected] Source: Commercial Vehicle Group, Inc.

Second quarter revenues of $195 million, EPS of $(0.25), Adjusted EBITDA of $5.4 million Strong revenue growth across all three business segments Raises full-year 2026 guidance NEW ALBANY, Ohio, Aug. 03, 2026 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its second quarter ended June 30, 2026. Second Quarter 2026 Highlights (Results from Continuing Operations; compared with prior year, where comparisons are noted) Revenues of $195.2 million, up 13.5%, primarily driven by increased demand across all three segments. Gross margin expansion of 140 basis points versus Q2 2025 and 120 basis points sequentially versus Q1 2026 primarily from increased revenues and operational efficiency improvements. Operating income of $1.6 million, up $0.8 million, compared to $0.8 million. Adjusted operating income of $2.6 million, compared to $1.9 million. Net loss from continuing operations of $8.7 million, or $(0.25) per diluted share and adjusted net loss of $4.6 million, or $(0.13) per diluted share, compared to net loss from continuing operations of $4.1 million, or $(0.12) per diluted share and adjusted net loss of $2.9 million, or $(0.09) per diluted share. Net loss includes a $3.4 million pre-tax warrant liability revaluation expense. Adjusted EBITDA of $5.4 million, compared to $5.2 million, with an adjusted EBITDA margin of 2.8%, down from 3.0%. Net proceeds of approximately $11.6 million from the at-the-market equity issuance program used to pay down term loan. James Ray, President and Chief Executive Officer, said, “We are encouraged by the strong revenue growth and gross margin expansion we delivered in the second quarter. All three segments generated year-over-year revenue growth, driven by the continued ramp of new business and increased customer demand. North American Class 8 truck production began to improve late in the quarter. We continued to deliver sequential gross margin expansion, reflecting the improvements from our operational efficiency and footprint rationalization initiatives and position CVG to benefit from increased demand.” Mr. Ray continued, “Our Trim Systems & Components segment returned to year-over-year growth despite a lower Class 8 build rate compared with the prior-year quarter, driven in part by new business ramping in our wiper systems business. Global Seating continued to benefit from customer demand growth in international markets. Global Electrical Systems benefited from the ramp of new business, including the Zoox robotaxi program and a more diversified end market mix driving consistent growth. As we look to the second half of 2026, we remain focused on disciplined execution, continued margin improvement, and free cash generation. We expect CVG to be positioned to capitalize on improving market conditions." Angie O’Leary, Interim Chief Financial Officer, added, “During the second quarter, we continued to strengthen our balance sheet and execute our capital allocation priorities. Building on the progress from earlier this year, we further reduced outstanding debt with proceeds from our recently executed at-the-market equity offering program, which we expect to contribute to lower cash interest expense going forward. We also continue to make targeted investments in working capital to support key program launches and the growth opportunities across our businesses. SG&A expense increased from the prior year driven by higher incentive compensation and advisory service fees. We remain focused on driving profitable growth, generating free cash flow, and advancing toward our long-term net leverage objective of approximately two times. Based on our first-half revenue performance, and the momentum we see across all three segments, we are raising our revenue and Adjusted EBITDA guidance ranges for the year.” Second Quarter Financial Results from Continuing Operations (amounts in millions except per share data and percentages) Se

NEW ALBANY, Ohio, July 21, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, August 4, 2026, at 8:30 a.m. ET, to discuss second quarter 2026 financial results. CVG will issue a press release and presentation prior to the conference call. Toll-free participants dial (833) 461-5787 using conference code 592968497. International participants dial (585) 542-9983 using conference code 592968497. This call is being webcast and can be accessed through the “Investors” section of CVG’s website at ir.cvgrp.com where it will be archived for one year. About CVG Commercial Vehicle Group, Inc. and its subsidiaries, is a global provider of systems, assemblies and components to global commercial vehicle markets and electric vehicle markets. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . Investor Relations Contact: Ross Collins or Nathan Skown Alpha IR Group [email protected] Source: Commercial Vehicle Group, Inc.

NEW ALBANY, Ohio, June 23, 2026 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, announced that it is expected to join the U.S. small-cap Russell 2000® Index and the broad-market Russell 3000® Index as part of the 2026 reconstitution of the Russell U.S. Indexes. The reconstituted indexes will take effect after the U.S. equity markets close on Friday, June 26, 2026. “We are pleased to be added as a member of the Russell 2000® Index, one of the most widely tracked benchmarks for U.S. small-cap companies,” commented Angie O’Leary, Interim Chief Financial Officer. “As we continue to execute our strategy and optimize operations, we are excited to connect with a wider network of investors.” Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2025, about $12.2 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website . About CVG CVG is a global provider of systems, assemblies and components to global commercial vehicle markets and electric vehicle markets. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by LSEG. For more information, visit FTSE Russell . Forward-Looking Statements This press release contains forward-looking

First quarter sales of $171 million, EPS of $0.03, Adjusted EBITDA of $4.8 million Returns to revenue growth at the consolidated level Accelerates leverage reduction through sale-leaseback transaction Reaffirms full-year guidance NEW ALBANY, Ohio, May 05, 2026 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its first quarter ended March 31, 2026. First Quarter 2026 Highlights (Results from Continuing Operations; compared with prior year, where comparisons are noted) Revenues of $171.5 million, up 1.0%, primarily driven by 14% growth in our Global Electrical Systems segment. Operating income of $14.7 million, which included $14.0 million gain on sale of assets, was up $13.3 million, compared to $1.4 million. Adjusted operating income of $2.0 million, relatively flat compared to $2.1 million. Net income from continuing operations of $0.9 million, or $0.03 per diluted share and adjusted net loss of $3.4 million, or $(0.10) per diluted share, compared to net loss from continuing operations of $3.1 million, or $(0.09) per diluted share and adjusted net loss of $2.6 million, or $(0.08) per diluted share. Adjusted EBITDA of $4.8 million, down 17.2%, with an adjusted EBITDA margin of 2.8%, down from 3.4%. Gross margin expansion of 180 basis points versus Q4 2025 and 100 basis points versus Q1 2025 due to increased revenues and operational efficiency improvements. Completed sale-leaseback of Vonore, Tennessee manufacturing facility, facilitating debt reduction of $12.8 million since the end of 2025. James Ray, President and Chief Executive Officer, said, “During the quarter, we executed in-line with our operational priorities while navigating a demand environment that, while still below historical levels, is showing signs of stabilization in key end markets. We were encouraged by our ability to deliver sequential margin improvement resulting from operational efficiency and footprint rationalization efforts we have implemented across the organization.” Mr. Ray continued, “Importantly, we are beginning to see early indications of improved customer activity in select markets, with our Global Seating segment returning to top line growth, and our Global Electrical Systems segment continuing to benefit from new business ramps and a more diversified end market mix driving consistent growth. As evidence of the ramp success, we are officially in production on the Zoox robotaxi program. With Class 8 truck production projected to increase in 2026, our focus remains on disciplined execution, cost management, and positioning CVG to capitalize on improving demand trends as they materialize.” Angie O’Leary, Interim Chief Financial Officer, added, “Our results this quarter reflect the benefits of sustained cost discipline and working capital execution. We further strengthened our balance sheet through the sale-leaseback transaction of our Vonore facility, with the proceeds used to pay down debt. As end market conditions show early signs of improvement, we remain focused on improving margins, driving free cash flow, and increasing financial flexibility to support the expected future growth of the business.” First Quarter Financial Results from Continuing Operations (amoun

NEW ALBANY, Ohio, April 22, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Wednesday, May 6, 2026, at 8:30 a.m. ET, to discuss first quarter 2026 financial results. CVG will issue a press release and presentation prior to the conference call. Toll-free participants dial (833) 461-5787 using conference code 496990489. International participants dial (585) 542-9983 using conference code 496990489. This call is being webcast and can be accessed through the “Investors” section of CVG’s website at ir.cvgrp.com where it will be archived for one year. About CVG Commercial Vehicle Group, Inc. and its subsidiaries, is a global provider of systems, assemblies and components to global commercial vehicle markets and electric vehicle markets. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . Investor Relations Contact: Ross Collins or Nathan Skown Alpha IR Group [email protected] Source: Commercial Vehicle Group, Inc.

NEW ALBANY, Ohio, April 02, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that it has completed a sale-leaseback transaction for its manufacturing facility in Vonore, Tennessee, which generated $16 million in proceeds. The Company used the net proceeds from the transaction to prepay a portion of its existing term loan facility, thereby reducing the Company's leverage profile. Under the terms of the agreement, CVG will lease back the Vonore property for a 20-year term, with an initial annual base rent of approximately $1.4 million for the first year. “This transaction builds on our recent momentum, providing additional cash flow to deleverage,” said James Ray, President and Chief Executive Officer of CVG. “We continue to deliver on our previously stated objectives, with CVG’s near-term focus being on cash generation and lowering our debt levels. Following this transaction, we believe we are even better positioned to drive future growth and shareholder value at CVG.” CVG anticipates no disruption to operational activities at the Vonore plant. In conjunction with this announcement, CVG has reaffirmed its previously issued full-year 2026 outlook provided in its fourth-quarter 2025 earnings materials, released on March 10, 2026. Company Contact Michelle Hards Vice President, Investor Relations and Corporate Financial Planning and Analysis [email protected] Investor Relations Contact Ross Collins or Nathan Skown Alpha IR Group [email protected] About CVG CVG is a global provider of systems, assemblies and components to the global commercial vehicle market and the electric vehicle market. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. For this purpose, any statements contained herein that are not statements of historical fact, including without limitation, certain statements herein regarding industry outlook, the Company’s expectations for future periods with respect to its plans to improve financial results, the future of the Company’s end markets changes in the Class 8 and Class 5-7 North America truck build rates, performance of the global construction and agricultural equipment business, the Company’s prospects in the wire harness and electric vehicle markets, the Company’s initiatives to address customer needs, organic growth, the Company’s strategic plans and plans to focus on certain segments, competition faced by the Company, volatility in and disruption to the global economic environment, including global supply chain constraints, inflation and labor shortages, tariffs and counter-measures, financial covenant compliance, anticipated effects of acquisitions or divestitures, production of new products, plans for capital expenditures and our results of operations or financial position and liquidity, may be deemed to be forward-looking statements. Without limiting the foregoing

NEW ALBANY, Ohio, April 01, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that Andy Cheung, Chief Financial Officer, will be resigning from his position effective April 15, 2026 to accept a position as Chief Financial Officer of a mid-cap publicly traded company. Angie O’Leary, currently Corporate Controller and Chief Accounting Officer, has been promoted to Interim Chief Financial Officer and will continue to also serve as the Corporate Controller and Chief Accounting Officer. Ms. O’Leary has served as the Company’s Senior Vice President, Corporate Controller and Chief Accounting Officer since December 2020. Prior to joining the Company, Ms. O’Leary held several leadership roles at Vertiv Holdings Co. from May 2017 to December 2020, including Interim Corporate Controller. Earlier in her career, Ms. O’Leary held several roles at Deloitte & Touche LLP beginning in January 2004, culminating in the role of Senior Manager – Audit, from August 2010 to May 2017. In 2003, Ms. O’Leary obtained a Bachelor of Science degree in Business Administration and a Master of Accounting from The Ohio State University. Ms. O’Leary has been a Certified Public Accountant (active status) since 2005. “On behalf of CVG and its board of directors, we thank Andy for his contributions and leadership at the Company throughout his tenure, during which he oversaw significant restructuring and refinancing efforts to position CVG well for the future,” said James Ray, Chief Executive Officer. “We are excited to promote Angie as our Interim Chief Financial Officer. Her extensive knowledge of the Company will be invaluable as we leverage her expertise while sustaining continuity and momentum.” At this time, CVG does not intend to initiate a search process to identify a permanent CFO replacement. In conjunction with this announcement, CVG has reaffirmed its previously issued full-year 2026 outlook provided in its fourth-quarter 2025 earnings materials, released on March 10, 2026. Company Contact Michelle Hards Vice President, Investor Relations and Corporate Financial Planning and Analysis [email protected] Investor Relations Contact Ross Collins or Nathan Skown Alpha IR Group [email protected] About CVG CVG is a global provider of systems, assemblies and components to the global commercial vehicle market and the electric vehicle market. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. For this purpose, any statements contained herein that are not statements of historical fact, including without limitation, certain statements herein regarding industry outlook, the Company’s expectations for future periods with respect to its plans to improve financial results, the future of the Company’s end markets changes in the Class 8 and Class 5-7 North America truck build rates, performance of the glob

Fourth quarter sales of $155 million, EPS of ($0.19), Adjusted EBITDA of $2.3 million CVG named Zoox Robotaxi low voltage wire harness strategic supplier Provides outlook and guidance for full year 2026 NEW ALBANY, Ohio, March 10, 2026 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Highlights (Compared with prior-year period, where comparisons are noted) Revenue of $154.8 million, down 5.2% due primarily to softer North American demand. Operating loss of $1.8 million, and adjusted operating loss of $0.9 million, improved compared to operating loss of $5.3 million and adjusted operating loss of $4.3 million. The decrease in operating loss was driven primarily by improved gross margin performance and lower SG&A expenses. Net loss from continuing operations of $6.4 million, or $(0.19) per diluted share, compared to net loss of $35.0 million, or $(1.04) per diluted share. Net loss in the prior-year period included a non-cash tax valuation allowance of $28.8 million. Adjusted net loss from continuing operations of $6.0 million, or $(0.18) per diluted share, compared to adjusted net loss of $5.1 million, or $(0.15) per diluted share. Adjusted EBITDA of $2.3 million, up 155.6%, with an adjusted EBITDA margin of 1.5%, up from 0.6%. Free cash flow of $8.8 million, up $7.9 million, due to better working capital management. Full Year 2025 Highlights (Compared with prior-year period, where comparisons are noted) Revenue of $649.0 million, down 10.3%, driven by softer North American Class 8 production volumes. Operating loss of $0.7 million, improved by $0.1 million, and adjusted operating income of $4.8 million, down $1.7 million. The change in adjusted operating income was due to lower sales volumes, partially offset by lower SG&A expenses. Free cash flow of $34.0 million, up $21.5 million, due to better working capital management and reduced capital expenditures. Total debt decreased $29.1 million compared to year-ended 2024. The Global Electrical Systems segment returned to growth driven by the contribution of new business ramps, with margin expansion supported by the continued shift of production capacity to new, lower-cost facilities in Morocco and Mexico. James Ray, President and Chief Executive Officer, said, “We are encouraged by the resilience and consistency seen in our fourth quarter results. The actions we took to drive operational efficiencies and right-size our footprint continued to pay off, highlighted by the year-over-year gross margin improvement of 190 basis points seen last quarter. Our focus on our cost structure also drove a full year decline of $4.8 million in SG&A expenses in 2025. We expect to see continued operating leverage into 2026 as we ramp new business wins and our end markets stabilize and start to recover." Mr. Ray continued, “After returning to growth in the third quarter, we saw further acceleration in our Global Electrical Sy

Commercial Vehicle Group has been selected as a key wire harness supplier for Zoox, the Amazon-owned autonomous ride-hailing company. Under the program, CVG will design and supply custom low-voltage wiring harness systems engineered for Zoox’s one-of-a-kind, bidirectional robotaxi. The harness solutions are designed to support critical vehicle functions and meet the performance and reliability requirements of autonomous transport systems. Zoox has designed a purpose-built, fully autonomous robotaxi, with no steering wheel, pedals, or driver’s seat. Instead, it is purpose-built for the rider experience with four inward-facing seats, touchscreens for all passengers, and floor to ceiling windows perfect for enjoying the journey. Zoox recently launched its robotaxi ride-hailing service in Las Vegas, an early rider program in San Francisco, and has ongoing testing across additional U.S. cities. Zoox’s selection of CVG as a key electrical systems partner supporting its next-generation autonomous mobility platform and reflects continued progress in CVG’s diversification into electric and autonomous vehicle markets. “We are proud to be selected by Zoox to support their groundbreaking autonomous vehicle platform,” said Peter Lugo, President, Global Electrical Systems at CVG. “This is a true engineering partnership, and we’re excited to contribute our technical expertise to help bring their forward-thinking vision to life. Our proven proficiency in electrical systems and our commitment to innovation make us a strong partner for Zoox as they scale their robotaxi fleet.” James Ray, President and CEO of CVG, said: “This marks a significant milestone in CVG’s diversification strategy as the company continues to expand its role in emerging vehicle technologies by delivering engineered electrical solutions for complex, high-reliability applications.”

NEW ALBANY, Ohio, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Wednesday, March 11, 2026, at 8:30 a.m. ET, to discuss fourth quarter and full year 2025 financial results. CVG will issue a press release and presentation prior to the conference call. Toll-free participants dial (800) 549-8228 using conference code 51917. International participants dial (289) 819-1520 using conference code 51917. This call is being webcast and can be accessed through the “Investors” section of CVG’s website at ir.cvgrp.com where it will be archived for one year. A telephonic replay of the conference call will be available until March 25, 2026. To access the replay, toll-free callers can dial (+1) 888 660 6264 using access code 51917 #, and toll callers in North America and other locations can dial (+1) 289 819 1325. About CVG At CVG, we deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . Investor Relations Contact: Ross Collins or Nathan Skown Alpha IR Group [email protected] Source: Commercial Vehicle Group, Inc.

NEW ALBANY, Ohio, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company" or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that its Board of Directors (“Board”) appointed Ari Levy of Lakeview Investment Group (“Lakeview”) as an independent director. Lakeview owns approximately 8.9% of the outstanding shares of the Company. In connection with Mr. Levy’s appointment, the Board was expanded to 7 members. Mr. Levy will serve on the Board’s Nominating, Governance and Sustainability, and Audit Committees. Mr. Levy is the founder, President, and Chief Investment Officer of Lakeview Investment Group, a Chicago based Investment Manager focused on the public markets. Mr. Levy was the President of Levy Acquisition Corp, a NASDAQ listed acquisition vehicle, and subsequently served on the Board of the resulting public company, Del Taco, until it was acquired by Jack in the Box in early 2022. Ari holds a B.A. in International Relations from Stanford University. “We are excited to welcome Ari to the Board,” said William Johnson, Chair of the Board of Directors. “His background and experience as a founder, operator, and investor will be valuable assets as we look to drive long-term value creation.” “I am thrilled to join the CVG Board of Directors,” Ari Levy said. “I look forward to working alongside my fellow board members to help guide the Company into the future and maximize value for all stakeholders.” Mr. Levy will stand for re-election at the Company’s 2026 Annual Meeting of Stockholders. In connection with the appointment of Mr. Levy to the Board, the Company and Lakeview entered into a support agreement that contains customary standstill provisions. Company Contact Andy Cheung Chief Financial Officer CVG [email protected] Investor Relations Contact Ross Collins or Nathan Skown Alpha IR Group [email protected] About CVG CVG is a global provider of systems, assemblies and components to the global commercial vehicle market and the electric vehicle market. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . Source: Commercial Vehicle Group, Inc.

Third quarter sales of $152 million, EPS of $(0.20), Adjusted EBITDA of $4.6 million Returns to growth in Global Electrical Solutions segment Updates full year 2025 guidance NEW ALBANY, Ohio, Nov. 10, 2025 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its third quarter ended September 30, 2025. Third Quarter 2025 Highlights (Results from Continuing Operations; compared with prior year, where comparisons are noted) Revenues of $152.5 million, down 11.2%, primarily due to softening in North American demand. Operating loss of $1.1 million, flat compared to operating loss of $1.1 million. Adjusted operating income of $1.6 million, compared to adjusted operating loss of $0.4 million. The increase in adjusted operating income was primarily attributable to improved gross margin performance and lower SG&A expenses. Net loss from continuing operations of $6.8 million, or $(0.20) per diluted share and adjusted net loss of $4.6 million, or $(0.14) per diluted share, compared to net loss from continuing operations of $0.9 million, or $(0.03) per diluted share and adjusted net loss of $0.4 million, or $(0.01) per diluted share. Adjusted EBITDA of $4.6 million, up 7.0%, with an adjusted EBITDA margin of 3.0%, up from 2.5%. James Ray, President and Chief Executive Officer, said, “In the face of ongoing lower demand in our key Construction, Agriculture, and Class 8 truck end markets, we were pleased with the resilience seen in our third quarter results. We continued to benefit from our operational efficiency improvement and right sizing our manufacturing footprint and enterprise structural cost, evidenced by the continued sequential expansion in our adjusted gross margin in the quarter, despite the lower demand environment. Furthermore, as part of our efforts to preserve margins and position CVG for an eventual end market recovery, we remain focused on reducing SG&A expenses, and we have made demonstrable progress with customers as it relates to mitigating tariff impacts. I want to sincerely thank every member of the CVG team for their commitment, resilience, and focus on execution.” Mr. Ray continued, “We are encouraged by the continued improvement in Global Electrical Systems segment performance, which returned to year-over-year revenue growth in third quarter, driven by new business wins outside of the Construction and Agriculture end markets, which continue to see lower demand. This segment also saw continued margin expansion year-over-year. In addition, our Global Seating segment expanded margins, as we see the benefits of our operational efficiency improvements, even in a softer demand environment. Our North American-focused Trim Systems and Components segment continues to see weakness as Class 8 production declines year-over year. However, we are taking proactive actions to improve profitability in the face of lower production levels. As an organization, we remain laser-focused on the levers we can control to improve financial performance, drive operational efficiency, and while continuing to launch previously won new customer programs across all segments to best position CVG for the future.” Andy Cheung, Chief Financial Officer, added, “We are encouraged by our margin performance in the quarter, particularly against a difficult demand backdrop. We continue to optimize our operations to account for individual end market outlooks, p

NEW ALBANY, Ohio, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI) will hold its quarterly conference call on Tuesday, November 11, 2025, at 8:30 a.m. ET, to discuss third quarter 2025 financial results. CVG will issue a press release and presentation prior to the conference call. Toll-free participants dial (800) 549-8228 using conference code 19689. International participants dial (289) 819-1520 using conference code 19689. This call is being webcast and can be accessed through the “Investors” section of CVG’s website at ir.cvgrp.com where it will be archived for one year. A telephonic replay of the conference call will be available until November 25, 2025. To access the replay, toll-free callers can dial (+1) 888 660 6264 using access code 19689 #, and toll callers in North America and other locations can dial (+1) 289 819 1325. About CVG At CVG, we deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com . Investor Relations Contact: Ross Collins or Nathan Skown Alpha IR Group [email protected] Source: Commercial Vehicle Group, Inc.