Hidden Gems: 3 Value Stocks to Watch for Strong 2025 Returns Commercial Vehicle Group (NASDAQ:CVGI) reported higher second-quarter revenue across each of its three operating segments, while adjusted gross margin expanded as new business programs ramped and end-market demand…
proved. Revenue for the second quarter of 2026 rose to $195.2 million from $172.0 million a year earlier
Adjusted EBITDA increased to $5.4 million from $5.2 million, though adjusted EBITDA margin declined 20 basis points to 2.8% as higher SG&A expenses and foreign-exchange headwinds more than offset gross-margin improvement. “CVG is hitting its stride as our new business wins are ramping coincidentally with a recovery in our key end markets,” President and CEO James Ray said on the company’s earnings call. Gross Margin Improves as Volumes Rise Adjusted gross margin reached 12.9% during the quarter, improving 90 basis points from the prior-year period and 70 basis points sequentially from the first quarter. Ray said the improvement reflected operational-efficiency efforts and operating leverage from higher volumes.
The company said it continues to pursue additional margin expansion through higher facility utilization, price and mix management, and recovery of costs associated with tariffs, freight, fuel surcharges and materials. Ray also cited product mix, particularly in the Trim Systems and Components business, and the effect of new business launches. Despite the revenue growth and gross-margin gains, CVG recorded a net loss from continuing operations of $8.7 million, or $0.25 per diluted share, compared with a loss of $4.1 million, or $0.12 per share, in the prior-year quarter.