XML 53 R42.htm IDEA: XBRL DOCUMENT v3.25.3
Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following table provides a reconciliation of the individual discontinued operations to the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Income (loss) from discontinued operations, net of tax
Cab structures business$(85)$18,814 $(1,620)$22,327 
Industrial Automation segment(175)(8,417)(468)(10,739)
Total income (loss) from discontinued operations, net of tax$(260)$10,397 $(2,088)$11,588 
The following tables present reconciliations of the captions within CVG's Condensed Consolidated Statements of Operations attributable to each discontinued operation for the three and nine months ended September 30, 2025 and 2024.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Income (loss) from discontinued operations attributable to Cab structures business:
Revenues$— $24,795 $(657)$89,187 
Cost of revenues— 33,627 878 93,367 
Gross profit— (8,832)(1,535)(4,180)
Selling, general and administrative expenses— — — — 
Operating income (loss)— (8,832)(1,535)(4,180)
Other (income) expense85 — 85 — 
Income (loss) before provision for income taxes(85)(8,832)(1,620)(4,180)
Provision (benefit) for income taxes of discontinued operations— (425)— 714 
Earnings (loss) from discontinued operations - before gain on sale of discontinued operations(85)(8,407)(1,620)(4,894)
Gain on disposition of discontinued operations, net of income taxes— 27,221 — 27,221 
Net income (loss) from discontinued operations, net of income taxes$(85)$18,814 $(1,620)$22,327 
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Income (loss) from discontinued operations attributable to Industrial Automation segment:
Revenues$— $5,350 $(150)$14,641 
Cost of revenues— 5,185 — 15,107 
Gross profit— 165 (150)(466)
Selling, general and administrative expenses— 747 — 3,009 
Operating income (loss)— (582)(150)(3,475)
Other (income) expense175 — 318 — 
Interest expense— 64 — 201 
Income (loss) before provision for income taxes(175)(646)(468)(3,676)
Provision (benefit) for income taxes of discontinued operations— (38)— (746)
Earnings (loss) from discontinued operations - before gain on sale of discontinued operations(175)(608)(468)(2,930)
Loss on disposition of discontinued operations, net of income taxes— (7,809)— (7,809)
Net income (loss) from discontinued operations, net of income taxes$(175)$(8,417)$(468)$(10,739)
Total net income (loss) from discontinued operations, net of income taxes$(260)$10,397 $(2,088)$11,588 


The following tables present reconciliations of the captions within CVG's Condensed Consolidated Statements of Cash Flows attributable to discontinued operations for the nine months ended September 30, 2025 and 2024.

Nine Months Ended September 30,
20252024
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash provided by operating activities$306 $(4,567)
Net cash used in investing activities— (838)
Total cash provided by discontinued operations$306 $(5,405)