CVG

CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference

Retrieved on: 
Monday, March 11, 2024

NEW ALBANY, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual Conference on March 14, 2024, at 9:15 a.m.

Key Points: 
  • NEW ALBANY, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that James Ray, President and Chief Executive Officer, and Andy Cheung, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small-Cap Virtual Conference on March 14, 2024, at 9:15 a.m.
  • ET.
  • A link to the webcast and associated presentation materials can be accessed through the investor section of the Company’s website at cvgrp.com .
  • Management will also meet virtually with investors registered for the conference.

CVG Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 4, 2024

NEW ALBANY, Ohio, March 04, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Fourth quarter sales of $223 million, record annual sales of $995 million
    NEW ALBANY, Ohio, March 04, 2024 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2023.
  • Operating income of $5.0 million, up $9.0 million; adjusted operating income of $6.6 million, down $1.8 million.
  • Operating income of $48.1 million, up $27.9 million, and adjusted operating income of $51.1 million, up $14.5 million.
  • Full-year 2023 debt paydown was $10.9 million, and net debt declined to $103.7 million; leverage ratio declined to 1.5x from 2.2x.

Clairvest Announces New Normal Course Issuer Bid

Retrieved on: 
Monday, March 4, 2024

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today announced that the Toronto Stock Exchange has accepted a notice filed by Clairvest of its intention to make a new normal course issuer bid (“NCIB”).

Key Points: 
  • TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today announced that the Toronto Stock Exchange has accepted a notice filed by Clairvest of its intention to make a new normal course issuer bid (“NCIB”).
  • The average daily trading volume for the six months ending February 29, 2024 was 344 common shares.
  • In total 3,669,832 common shares at a cost of approximately $50 million have been purchased under previous normal course issuer bids.
  • Outside of these black-out periods, common shares will be purchasable by Clairvest at its discretion under its NCIB, once effective.

CVG Announces Fourth Quarter and Full Year 2023 Earnings Call

Retrieved on: 
Friday, February 23, 2024

ET, to discuss fourth quarter and full year 2023 financial results.

Key Points: 
  • ET, to discuss fourth quarter and full year 2023 financial results.
  • CVG will issue a press release and presentation prior to the conference call.
  • Toll-free participants dial (888) 259-6580 using conference code 88986985. International participants dial (416) 764-8624 using conference code 88986985.
  • To access the replay, toll-free callers can dial (877) 674-7070 using access code 986985.

Finalists Named in IDC Government Insights' Seventh Annual Smart Cities North America Awards

Retrieved on: 
Monday, February 26, 2024

IDC Government Insights named finalists this week in the seventh annual Smart Cities North America Awards (SCNAA).

Key Points: 
  • IDC Government Insights named finalists this week in the seventh annual Smart Cities North America Awards (SCNAA).
  • The awards were designed to recognize the progress North American municipalities have made in executing Smart Cities projects, as well as provide a forum for sharing best practices to help accelerate Smart City development in the region.
  • As the next step in the nomination process, IDC invites the public to vote on the named finalists at https://www.surveymonkey.com/r/SCNAA24 .
  • Winners will be announced March 27th and honored at Smart Cities Connect being held May 7-10 in Raleigh, NC.

Clairvest Reports Fiscal 2024 Third Quarter Results

Retrieved on: 
Tuesday, February 13, 2024

TORONTO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fiscal 2024 third quarter and nine months ended December 31, 2023.

Key Points: 
  • TORONTO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) today reported results for the fiscal 2024 third quarter and nine months ended December 31, 2023.
  • For the quarter ended December 31, 2023, Clairvest recorded a net loss of $5.0 million, or $0.34 per share, which was primarily driven by a net decrease in the valuation of Clairvest’s private equity investment portfolio.
  • For the nine months ended December 31, 2023, Clairvest recorded a net loss of $29.5 million, or $1.97 per share.
  • Clairvest liquidity remains very strong and we are excited to be investing capital at this time,” said Ken Rotman, CEO & Managing Director of Clairvest.

Fast Food for a Quick Layover: Upgraded Points Releases Ranking of the Best U.S. Airports for Fast Food Chains

Retrieved on: 
Tuesday, February 6, 2024

AUSTIN, Texas, Feb. 6, 2024 /PRNewswire/ -- Upgraded Points announced its newest study with a comprehensive ranking of major airports based on airport fast food options, providing valuable insights into where travelers can find a swift meal before takeoff or between flights.

Key Points: 
  • "Quick-service restaurants are a travel essential, offering a sense of familiarity no matter where you go," said Keri Stooksbury, editor-in-chief at Upgraded Points.
  • "Whether it's a McDonald's Big Mac or a Chick-fil-A sandwich, these foods are easy to grab in a pinch."
  • Upgraded Points analyzed the fast food landscape across the 60 busiest airports in the U.S., as defined by total passenger volume.
  • Ontario International Airport (ONT): At ONT, fast food stands up to its name with just 7,800 passengers per chain – 69% below the average.

Commercial Vehicle Group Completes Sale of FinishTEK Business to Rowmark LLC

Retrieved on: 
Thursday, February 1, 2024

NEW ALBANY, Ohio, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (CVG) (NASDAQ: CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today announced that it has sold its FinishTEK business to Rowmark LLC, effective January 31, 2024.

Key Points: 
  • NEW ALBANY, Ohio, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (CVG) (NASDAQ: CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today announced that it has sold its FinishTEK business to Rowmark LLC, effective January 31, 2024.
  • Based in Dalton, Ga., FinishTEK, is a hydrographic and paint decorator with 95,000 square feet of specialized manufacturing and warehouse space and 30 employees.
  • FinishTEK was part of CVG’s Vehicle Solutions segment serving Tier 1 suppliers and OEM manufacturers in a wide variety of industries, including powersports, heavy-duty truck, appliance, automotive, turf, construction, and agriculture.
  • Rowmark, based in Findlay, Ohio, is a leading manufacturer of engravable sheet plastic for the awards, engraving and signage markets.

Sun Country Airlines announces new nonstop service from Minneapolis to Cleveland

Retrieved on: 
Wednesday, January 24, 2024

MINNEAPOLIS, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Sun Country Airlines ( NASDAQ: SNCY ) will launch new nonstop service to Cleveland Hopkins International Airport (CLE) from Minneapolis-St. Paul International Airport (MSP) beginning in May.

Key Points: 
  • MINNEAPOLIS, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Sun Country Airlines ( NASDAQ: SNCY ) will launch new nonstop service to Cleveland Hopkins International Airport (CLE) from Minneapolis-St. Paul International Airport (MSP) beginning in May.
  • “As the leading leisure airline in Minneapolis-St. Paul, we’re excited to add Cleveland to our expanding network,” said Grant Whitney, Sun Country Airlines Chief Revenue Officer.
  • “We have been wanting to serve Cleveland for some time, and our schedule for Cleveland will operate when our customers want to travel.
  • Paul.”
    Cleveland joins 98 other airports that Sun Country will serve non-stop from MSP in 2024.

DHL-CVG TEAMSTERS RATIFY CONTRACT BY 98%

Retrieved on: 
Thursday, January 11, 2024

WASHINGTON, Jan. 11, 2024 /PRNewswire/ -- Following a 12-day unfair labor practice strike that saw picket lines extended nationwide, 1,100 DHL ramp and tug workers of Teamsters Local 100 at Cincinnati/Northern Kentucky International Airport (CVG) have ratified their first contract with the logistics giant by a 98 percent margin.

Key Points: 
  • But the executives didn't win — workers did, and now they've got a powerful Teamsters contract to prove it," said Teamsters General President Sean M. O'Brien.
  • Throughout this fight, Teamsters at DHL-CVG stood strong and remained determined to secure an outstanding contract they can call their own."
  • "This collective bargaining agreement shows once again that when Teamsters fight, Teamsters win," said Teamsters General Secretary-Treasurer Fred Zuckerman.
  • "The new contract at CVG and the resolve of Teamsters across the country exemplify the power of collective action.