It's been a rough road for Commercial Vehicle Group (CVGI) in recent years, but even as commercial vehicle production wobbled in late 2011, this parts and components company has been making solid strides. Not only has CVGI made real progress with its margin structure and balance sheet, but the company has taken meaningful strides to expand its emerging markets business and attach itself to strong names like Cummins (CMI) and Deere (DE).
Surprising Strength In Q4
At $226 million in revenue, CVGI exceeded analyst expectations. While "analyst expectations" is all of two analysts in this case, 43% year-on-year and 4% sequential growth is a solid result all the same - particularly given underlying unit volume in commercial trucks and off-road vehicles.
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Commercial Vehicle Closer To Cruising Speed
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