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CVG Reports Fourth Quarter And Full Year 2020 Results Record 4th Quarter Sales in the Electrical Systems Segment driven by Warehouse Automation Estimated $100+ million of Net Annualized New Business Awards Secured During 2020, Driven by Warehouse Automation and Electric Vehicles News provided by Share this article Share this article NEW ALBANY, Ohio, March 9, 2021 /PRNewswire/ CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Highlights Revenue of $216.0 million, up 14.0% due primarily to growth in warehouse automation. Operating Income of $5.0 million, up $9.3 million primarily due to higher volume and improved cost structure driven by cost reduction actions taken throughout 2020. 

United statesChris bohnertHarold bevisVehicle group incChief executive officerChief financial officerElectrical systemsGlobal seatingAmerican classCall presentationTwelve months ended decemberMonths ended decemberReported taxSegment reconciliationVehicle groupCommercial vehicle group