Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET

Company Participants

Chris Bohnert - CFO

Harold Bevis - President and CEO

Conference Call Participants

John Franzreb - Sidoti

Chris Howe - Barrington Research

Barry Haimes - Sage Asset Management

Operator

Good morning, ladies and gentlemen, and welcome to the Commercial Vehicle Group, Inc. Second Quarter 2022 Earnings Call Conference Call. [Operator Instructions] This call is being recorded on Friday, August 1, 2022.

I would now like to turn the conference over to Mr. Christopher Bohnert. Please go ahead.

Chris Bohnert

Thank you, operator, and welcome to our conference call. Joining me on the call today is Harold Bevis, President and CEO of CVG. This morning, we will provide a brief company update as well as commentary regarding our second quarter 2022 results, after which we will open the call for questions. As a reminder, this conference call is being webcast and a supplemental earnings presentation is available on our website. Both may contain forward-looking statements, including, but not limited to, expectations for future periods regarding market trends, cost-saving initiatives, new product initiatives, among others.

Actual results may differ from anticipated results because of certain risks and uncertainties. These risks and uncertainties may include, but are not limited to, economic conditions in the markets in which CVG operates, fluctuations in production volumes of vehicles for which CVG is a supplier, financial covenant compliance and liquidity, risks associated with conducting business in foreign countries and currencies and other risks as detailed in our SEC filings.

I'll now turn the call over to Harold to provide a company update. Harold?

Harold Bevis

Thank you, Chris, and good morning, everyone.

I will be referring to our earnings presentation on our website. If you could locate that for a minute. And on today's call, I'll provide an overview of our second quarter 2022 results and the strides that our team has made positioning CVG as a leading electrical system supplier across the globe. We expect this transformation to drive improved growth and profitability while reducing our cyclicality, which we believe will greatly enhance shareholder value.

Importantly, our accomplishments through the second quarter have removed many of the headwinds that have been impacting our financial performance, thus clearing a path for improved results in the second half of this year. And then following my remarks, Chris will then discuss our financial results in a little more detail, and we will conclude by opening the call and answering any questions that you may have.