Commercial Vehicle Group Inc. - Conference Presentation Calls

Commercial Vehicle Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has reported revenues of $110.8 million compared to revenues of $192.9 million for the third quarter of 2008. Net loss for the quarter was $15.9 million or $0.73 per diluted share compared to $2.6 million or $0.12 per diluted share, in the prior-year quarter. Revenues for the quarter compared to the prior-year period decreased by approximately $82.1 million, or 42.5%, due primarily to the global economic decline impacting the Company's North American, European and Asian end markets. For the quarter, the company also reported operating loss of $7.8 million and loss before provision for income taxes of $16.3 million compared to operating income of $0.5 million and loss before provision for income taxes of $3.1 million reported last year. The third quarter results include approximately $1.2 million of non-cash expense for the mark to market of the company's forward foreign exchange contracts and $3.4 million in one-time financing, legal and other fees and expenses related to the company's debt exchange completed in August 2009. For the nine months, the company also reported operating loss of $48.4 million, loss before provision for income taxes of $56.7 million and net loss of $57.8 million or $2.66 per diluted share on revenue of $322.8 million compared to operating income of $18.3 million, income before provision for income taxes of $1.1 million and net income of $1 million or $0.04 per diluted share on revenue of $599.1 million for the same period last year.

Commercial Vehicle Group Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).