Commercial Vehicle Group, Inc. (NASDAQ: CVGI)

Commercial Vehicle Group Inc designs manufactures and sells systems assemblies and components for commercial vehicle and electric vehicle markets worldwide. The company operates manufacturing facilities in the United States Mexico China United Kingdom Czech Republic Ukraine Morocco Thailand India and Australia. Its products are primarily sold in North America Europe and the Asia Pacific region. Commercial Vehicle Group Inc focuses on delivering customized products to meet the specific requirements of its customers. The company believes its products are used by a majority of North American commercial truck manufacturers many construction and agriculture vehicle original equipment manufacturers parts and service dealers and distributors.

Revenue is generated through the sale of seating electrical harness and trim products to original equipment manufacturers and aftermarket customers. The company's revenue streams are organized into three reportable segments: Global Seating Global Electrical Systems and Trim Systems and Components. Sales to original equipment manufacturers include seats wire harnesses and plastic components for new commercial construction agricultural and power sports vehicles. Aftermarket revenue comes from replacement seats electrical systems and trim parts sold through original equipment service centers retail distributors and installers. The company's long term strategy emphasizes growth opportunities capital allocation and enhancing shareholder value through its segment based structure.

The company operates through the following segments: Global Seating Global Electrical Systems and Trim Systems and Components. The President and Chief Executive Officer serves as the chief operating decision maker reviewing financial performance for each segment and allocating resources accordingly.

• Global Seating designs manufactures and sells commercial vehicle seats for heavy duty trucks medium duty trucks last mile delivery trucks and vans construction and agriculture equipment in North America Europe and Asia Pacific and also supplies seats and components for repair and refurbishing through original equipment service centers and retail distributors across those regions and provides office seats primarily for commercial and home office furniture distribution channels in Europe and Asia Pacific under brand names such as KAB Seating National Seating Bostrom Seating and Stratos.

• Global Electrical Systems designs manufactures and sells cable and harness assemblies for high and low voltage applications control boxes dashboard assemblies and provides design and engineering for these systems serving construction agricultural industrial automotive mining rail marine power generation and military defense markets in North America Europe and Asia Pacific.

• Trim Systems and Components designs manufactures and sells plastic components for North America commercial vehicle medium duty truck and power sports markets and offers commercial vehicle accessories such as wipers mirrors and sensors sold as original equipment and repair parts under brand names including AdvancTEK Moto Mirror Sprague Devices and RoadWatch.

Commercial Vehicle Group Inc competes with independent suppliers and vertically integrated in house operations across its product lines on the basis of price breadth of product offering quality technical expertise development capability delivery and service. The company believes it is a leader in designing seats that combine convenience safety and comfort features supported by its research and development activities. Its global manufacturing footprint spanning ten countries enables localized production to meet just in time delivery requirements and reduce shipping costs. Flexible manufacturing cells and just in time production processes allow the company to adjust output quickly in response to customer demand while keeping inventory levels low. A diversified brand portfolio that includes CVG Sprague Devices Moto Mirror RoadWatch KAB Seating National Seating Bostrom Seating Stratos and AdvancTEK helps maintain customer recognition and supports aftermarket sales. These factors give Commercial Vehicle Group Inc a competitive advantage in the commercial vehicle and industrial component markets.

Commercial Vehicle Group Inc sells its products to original equipment manufacturers in the commercial truck construction agriculture and power sports sectors. It also serves aftermarket customers including original equipment service centers retail distributors and installers that provide replacement parts for vehicles and equipment. The company supplies office seat distributors in Europe and Asia Pacific with seating for commercial and home office furniture markets. Defense contractors and military agencies represent another customer group for its seating electrical and trim products used in tactical vehicles and communications equipment. Fleet owners owner operators governmental agencies and industrial end users are key purchasers of its commercial truck seats and accessories.