Commercial Vehicle Group reports Q2 adjusted EPS 43c, one estimate 34c
Reports Q2 revenue $233.4M, consensus $232.6M. Patrick Miller, President and CEO, stated, "We had a strong second quarter. The truck production level combined with a healthy global construction market and pricing adjustments drove our consolidated revenues for the quarter to the highest level seen since 2012, up about 20 percent compared to the same period last year. Positive economic conditions in North America fueled increased North American truck production and record heavy-duty truck order activity in the second quarter. Heavy-duty truck production was up 19.7 percent compared to second quarter of 2017, and heavy-duty truck orders more than doubled in June, as compared to the same month last year."