Commercial vehicle group inc sees q1 net sales $185 to $190 million

Commercial vehicle group announces preliminary financial results for first quarter 2020 and provides a covid-19 business update.commercial vehicle group inc sees q1 net sales $185 to $190 million.commercial vehicle group inc - stopped making specific projections for year.commercial vehicle group inc sees q1 adjusted ebitda $10 to $13 million.commercial vehicle group inc - achieving approximately 30% reduction in salaries, benefits, travel, discretionary expenses.commercial vehicle group inc - significantly reduced capital expenditures to maintenance levels.commercial vehicle group inc - reduced procurement of new materials to be in line with temporary lower levels of production.commercial vehicle group inc - expect post-covid vehicle production in mature markets to come back slowly & have adjusted cost structures accordingly.
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