Core Molding Technologies

Core Molding Technologies, Inc. engages in manufacturing of sheet molding compound and molding of fiberglass reinforced plastics. It focuses on producing large-format moldings and offers a range of fiberglass processes, spray-up, hand-lay-up, and resin transfer molding. The company was founded in 1996 and is headquartered in Columbus, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Core Molding Technologies reports record-breaking 2022 performance and growth strategies

Core Molding Technologies delivered impressive financial results in 2022, marked by record revenue and profitability. The company's strategic focus on operational excellence, sustainability, and growth through acquisitions has positioned it for continued success.
While challenges such as market dynamics and competition exist, Core Molding Technologies' strong financial foundation and innovation-driven approach provide resilience. Opportunities in expanding partnerships, market segments, and technology investments offer avenues for sustained growth.
By optimizing operational performance, increasing capacity, and aligning executive compensation with financial performance, Core Molding Technologies is poised to navigate challenges and capitalize on opportunities in the evolving market landscape.

Core Molding Technologies (CMT) reports robust Q1 performance and eyes growth through sustainability and operational excellence

Core Molding Technologies (CMT) demonstrated strong financial performance and operational efficiency in Q1 2023, with notable revenue growth and improved gross margins.
While facing challenges in enhancing profitability further and navigating market uncertainties, CMT's focus on sustainability and operational excellence positions them well for future growth.
By seizing opportunities in capacity expansion, technical solution sales, and sustainability initiatives, CMT can drive continued success and market differentiation in the industry.

Core Molding Technologies achieves record Q2 margins amid growth initiatives

Core Molding Technologies (CMT) delivered a robust performance in Q2 2023, marked by record gross margins and strong sales growth. While facing challenges related to anticipated lower sales and margins in the second half, the company remains optimistic about its operational efficiency and growth prospects. By emphasizing sustainability and strategic initiatives, CMT aims to drive long-term value creation and capitalize on opportunities for expansion.

Core Molding Technologies achieves record EBITDA amidst revenue challenges

Core Molding Technologies demonstrated resilience with operational improvements, record-high EBITDA, and strategic contract wins, positioning the company for future growth.
While facing challenges such as revenue softening and industry headwinds, the company's focus on sustainability, acquisitions, and strategic initiatives offers avenues for overcoming obstacles.
Opportunities lie in new contract signings, acquisitions for market diversification, and sustainable practices, presenting avenues for long-term growth and business success.
Overall, Core Molding Technologies' Q3 performance reflects a mix of strengths, challenges, and opportunities, underscoring the company's strategic direction and potential for sustained success.

Core Molding Technologies achieves record earnings amidst sales challenges

Despite facing revenue declines and sales outlook challenges, Core Molding Technologies delivered strong financial performance in 2023. The company remains focused on margin enhancement, strategic growth initiatives, and capital management to navigate market uncertainties.

Core Molding Technologies reports Q1 2024 results, focuses on growth and profitability

Core Molding Technologies navigated challenges with lower sales by focusing on operational improvements and profitability initiatives. The company remains committed to growth, sustainability, and enhancing customer relationships through strategic investments.

Core Molding Technologies reports Q2 results, eyes acquisitions for growth

Core Molding Technologies reported mixed Q2 2024 results with sales decline YoY but sequential improvement. The company's strategic transformation plan yielded quality awards and operational enhancements.
While facing challenges from soft end customer demand impacting margins, CMT maintains a strong financial position with healthy cash reserves. Pursuing acquisitions and focusing on sales transformation present growth opportunities.
Navigating market conditions and optimizing cost management will be crucial for Core Molding Technologies to mitigate margin pressures and drive sustainable growth in the future.

Core Molding Technologies reports Q3 results, anticipates sales decline in 2024

Core Molding Technologies (CMT) reported Q3 2024 financials, highlighting sales, EBITDA, and net income figures. The company's strong cash position and capital allocation strategy provide a solid foundation for future growth. While facing challenges such as declining sales and margin pressures, CMT remains focused on growth strategies and cost efficiencies to drive performance.

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EBITDA

Net income

Earnings per share

Total assets

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Cash & equivalents

Receivables

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Net PPE

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Stockholders equity

Minority interest

Total liabilities & equity

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Net debt

Book value per share

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Cash from investing

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Purchase/sale of investments

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Net change in cash

Free cash flow

In 2018, the company embarked on an operational turnaround, which led to significant revenue growth and margin improvement. Its long-term goals include reaching annual revenues of $500 million and improving the operating income margin to 10%.

Core Molding Technologies: Turnaround Going Unnoticed Due To COVID-19 And Inflation

Core Molding Technologies, Inc. (NYSE:CMT ) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Steven Hooser - Three Part Advisors, LLC Dave Duvall - President and Chief Executive Officer John Zimmer - Executive Vice President and Chief Financial Officer Conference Call Participants Chip Moore - EF Hutton Mike Hughes - SGF Capital JP Geygan - Global Value Investment Corporation Operator Good morning, everyone and welcome to the Core Molding Technologies Third Quarter Fiscal 2022 Financial Results Conference Call. [Operator Instructions] Please note that this event is being recorded today.

Core Molding Technologies, Inc. (CMT) Q3 2022 Earnings Call Transcript

Record Quarterly Sales of $101.6 million, up 25% Record Quarterly Sales of $101.6 million, up 25%

Core Molding Technologies Reports Fiscal 2022 Third Quarter Results

Core Molding Technologies, Inc. (NYSE:CMT ) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Sandy Martin - IR David Duvall - President and CEO John Zimmer - EVP and CFO Conference Call Participants Chip Moore - EF Hutton Jeffrey Geygan - Global Value Investment Corporation Justyn Putnam - Talanta Investment Group Operator Good morning, everyone. Welcome to the Core Molding Technologies Second Quarter Fiscal 2022 Financial Results Conference Call.

Core Molding Technologies, Inc. (CMT) CEO David Duvall on Q2 2022 Results - Earnings Call Transcript

Record Quarterly Sales of $98.7 million, up 23% Record Quarterly Sales of $98.7 million, up 23%

Core Molding Technologies Reports Fiscal 2022 Second Quarter Results

COLUMBUS, Ohio , June 2, 2022 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) ("Core Molding", "Core" or the "Company"), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today announced David Duvall, President and CEO, and John Zimmer, EVP and CFO, will participate in the virtual East Coast IDEAS Investor Conference on June 23, 2022. Core Molding Technologies' presentation is scheduled to be available at 6:00 am ET on June 22 nd and will be accessible through the conference site.

Core Molding Technologies to Present Virtually and Host 1x1 Investor Meetings at the 12th Annual East Coast IDEAS Investor Conference on June 22nd & 23rd

Core Molding Technologies, Inc. (NYSE:CMT ) Q1 2022 Results Conference Call May 10, 2022 10:00 AM ET Company Participants Sandy Martin - IR Dave Duvall - President and CEO John Zimmer - EVP and CFO Conference Call Participants JP Geygan - Global Value Investment Corp. Justyn Putnam - Talanta Investment Group Chip Moore - EF Hutton Operator Good morning, and welcome to the Core Molding Technologies First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Core Molding Technologies, Inc. (CMT) CEO Dave Duvall on Q1 2022 Results - Earnings Call Transcript

Strong Demand Results in First Quarter Sales of $90.6 million and  Adjusted EBITDA Margin of 10.5% COLUMBUS, Ohio , May 10, 2022 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American:  CMT) ("Core Molding", "Core" or the "Company"), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today reports financial and operating results for the fiscal quarter ended March 31, 2022. First Quarter 2022 Highlights Net sales of $90.6 million, up 24% from $72.8 million in the prior year; and product sales of $89.9 million, up 30% from the prior year.

Core Molding Technologies Reports Fiscal 2022 First Quarter Results

COLUMBUS, Ohio , May 3, 2022 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) ("Core Molding", "Core" or the "Company"), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America and Mexico, today announces that it will release its fiscal 2022 first quarter results on Tuesday, May 10, 2022, before the market opens.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the internet the same day at 10:00am Eastern.

Core Molding Technologies Announces Timing of Fiscal 2022 First Quarter Results

Core Molding Technologies, Inc. (CMT) CEO Dave Duvall on Q4 2021 Results - Earnings Call Transcript

COLUMBUS, Ohio, March 8, 2022 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) ("Core Molding", "Core" or the "Company"), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America and Mexico, today reports financial and operating results for the fiscal quarter and year ended December 31, 2021. David Duvall, the Company's President and Chief Executive Officer, said, "Fiscal 2021 was a good year for the Company as we delivered record annual sales of $307 million, an increase of 38% from 2020.

Core Molding Technologies Reports Fiscal 2021 Fourth Quarter and Year-End Results

COLUMBUS, Ohio, Feb. 28, 2022 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American:  CMT) ("Core Molding", "Core" or the "Company"), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America and Mexico, today announces that it will release its fiscal 2021 fourth quarter and full year financial results on Tuesday, March 8, 2022, before the market opens.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the internet the same day at 10:00am Eastern.

Core Molding Technologies Announces Timing of Fiscal 2021 Fourth Quarter and Year-End Results

COLUMBUS, Ohio, Nov. 5, 2021 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) ("Core Molding", "Core" or the "Company") today announced results for the third quarter ended September 30, 2021. The Company had a net loss of $3.3 million, or ($0.41) per share, for the third quarter of 2021 on net sales of $81.0 million compared to net income of $3.3 million, or $0.39 per share, on net sales of $59.9 million for the same period in 2020.

Core Molding Technologies Reports Q3 2021 Results

COLUMBUS, Ohio, Aug. 6, 2021 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) ("Core Molding", "Core" or the "Company") today announced results for the second quarter ended June 30, 2021. The Company earned net income of $4.1 million, or $0.48 per share, for the second quarter 2021 on net sales of $80.5 million.

Core Molding Technologies Reports Q2 2021 Results

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According to the CEO Buys Screen, a Premium All-in-One Screener template, four stocks that had at least three insider buys including the CEO during the past month are REV Group Inc. ( REVG , Financial), Vincerx Pharma Inc. ( VINC , Financial), Core Molding Technologies Inc. ( CMT , Financial) and Processa Pharmaceuticals Inc. ( PCSA , Financial).

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COLUMBUS, Ohio, May 7, 2021 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) ("Core Molding", "Core" or the "Company") today announced results for the first quarter ended March 31, 2021. The Company recorded net income of $3.5 million, or $0.41 per share, for the first quarter 2021 on net sales of $72.8 million.

Core Molding Technologies Reports Strong Q1 2021 Results

COLUMBUS, Ohio, March 31, 2021 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) today announced that its board of directors voted to accelerate the expiration of the company's stockholder rights plan to March 31, 2021 to further enhance the company's corporate governance profile. The stockholder rights plan was originally scheduled to expire on April 20, 2021.

Core Molding Technologies Accelerates The Expiration Of Stockholder Rights Plan

COLUMBUS, Ohio, March 11, 2021 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) ("Core Molding", "Core" or the "Company") today announced results for the full year and fourth quarter ended December 31, 2020. The Company recorded net income of $8.2 million for the full year 2020 compared to a net loss of $15.2 million for the same period in 2019.

News for Core Molding Technologies Stock (CMT)