Commercial Vehicle Group Q3 revenue rises 36.5% on increased customer demand
CVGI•Commercial Vehicle Group’s Q3 revenue rose 36.5% year over year to $208.1 million, while adjusted EPS was $0.03. The company raised its 2026 revenue outlook to $755 million-$775 million and narrowed its adjusted EBITDA guidance to $26 million-$29 million.
1. Quarterly results
Commercial Vehicle Group reported Q3 revenue of $208.1 million, up 36.5% year over year, citing increased customer demand and new business ramps across all three segments. Adjusted EPS was $0.03, compared with a loss in the prior-year period; net income was $5.57 million. Adjusted EBITDA was $8.5 million and adjusted gross margin was 13.8%.
2. Updated outlook
The company raised its 2026 revenue outlook to $755 million-$775 million from $725 million-$755 million and narrowed its adjusted EBITDA guidance to $26 million-$29 million from $26 million-$31 million. It expects 2026 free cash flow to remain positive.
3. Segment drivers
Trim Systems & Components had the strongest growth, benefiting from higher North American Class 8 production and new program launches. Global Electrical Systems benefited from new program ramps and demand in construction markets. Gross margin improved with volume leverage and operational efficiency gains.
