Commercial Vehicle Group Named a Top 100 Hot Growth Company by BusinessWeek
NEW ALBANY, Ohio, June 7 -- Commercial Vehicle Group, Inc. , announced today that they have been selected from among thousands of public companies as a Top 100 Hot Growth Stock by BusinessWeek magazine. Selection criterion was based on sales growth, earnings growth, and return on invested capital over a three-year period.
"We constantly evaluate our performance to ensure that we're making the best choices for our shareholders, customers, and employees. Achieving a top 100 ranking is a testament to our dedication to fiscal responsibility and our strategic focus," said Chad Utrup, chief financial officer for CVG.
About Commercial Vehicle Group, Inc.
Commercial Vehicle Group is a leading supplier of interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets. CVG products include suspension seat systems, interior trim systems such as instrument and door panels, cab structures and assemblies, headliners, cabinetry and floor systems, mirrors, wiper systems, wire harnesses, controls and switches specifically designed for applications in commercial vehicle cabs. CVG is headquartered in New Albany, OH with operations and divisions throughout North America, Europe and Asia.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. These statements are based on certain assumptions that the company has made in light of its experience in the industry as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including but not limited to: (i) CVG's ability to develop or successfully introduce new products; (ii) risks associated with conducting business in foreign countries and currencies; (iii) general economic or business conditions affecting the markets in which CVG serves; (iv) increased competition in the heavy-duty truck market; (v) CVG's failure to complete or successfully integrate additional strategic acquisitions; and (vi) various other risks as outlined in CVG's SEC filings. There can be no assurance that statements made in this press release relating to future events will be achieved. CVG undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the FOR IMMEDIATE RELEASE occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to CVG or persons acting on behalf of CVG are expressly qualified in their entirety by such cautionary statements.