Commercial Vehicle Group cuts FY25 revenue view to $650M-$670M from $660M-$690M

Consensus $660.29M. Cuts FY25 adjusted EBITDA view to $21M-$25M from $22M-$27M. The company said, “This outlook reflects, among others, current industry forecasts for North America Class 8 truck builds. According to ACT Research, 2025 North American Class 8 truck production levels are expected to be at 252,000 units. The 2024 actual Class 8 truck builds according to the ACT Research was 332,372 units. Construction and Agriculture end markets are projected to decline approximately 5-15% in 2025. However, we expect the contribution from new business wins outside of Construction and Agriculture end markets in Electrical Systems to soften this decline.”