Commercial Vehicle Group, New Albany, Ohio, reported revenues of $197 million for the first quarter ended March 31, 2008, compared to revenues of $198.8 million for the first quarter of 2007.


Operating income for the first quarter was $11.5 million, including a $6.1 million gain on the sale of the company's Seattle facility, compared to $10.6 million for the same period last year. Net income for the first quarter of 2008 was $0.5 million, or $0.02 per diluted share, compared to $3.0 million, or $0.14 per diluted share, in the prior-year quarter.

"Our first quarter 2008 operating results were better than our expectations due to a slightly higher truck build rate as well as strength in our construction, military and specialty markets," said Mervin Dunn, president and CEO. "While we remain cautious about the rebound of the North American Class 8 market this year, our focus on the development of other key markets is proving positive for us and will remain an integral part of our strategy as we continue forward."

Commercial Vehicle Group provides aluminum and steel cabs, electrical harnesses, power distribution systems, interior trim products and other items to truck builders.