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

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Earnings data Q2 2023

Earnings data Q3 2023

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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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COLUMBUS, Ohio, Nov. 14, 2024 (GLOBE NEWSWIRE) -- 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 that David Duvall, President and CEO, and John Zimmer, EVP and CFO, will participate in the 16th Annual Southwest IDEAS Conference in Dallas on November 21, 2024.

Core Molding Technologies to Present and Host 1x1 Meetings at the 16th Annual Southwest IDEAS Conference on November 21, 2024

Core Molding Technologies, Inc. (NYSE:CMT ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Sandy Martin – Three Part Advisors Dave Duvall – President and Chief Executive Officer John Zimmer – Chief Financial Officer Conference Call Participants Chip Moore – Roth MKM Bill Dezellem – Tieton Capital Operator Good morning, everyone. Welcome to the Core Molding Technologies Third Quarter Fiscal 2024 Financial Results Conference Call.

Core Molding Technologies, Inc. (CMT) Q3 2024 Earnings Call Transcript

Core Molding Technologies (CMT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.53 per share a year ago.

Core Molding Technologies (CMT) Surpasses Q3 Earnings and Revenue Estimates

COLUMBUS, Ohio, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”) announced today that Mr. Alex Bantz has been appointed to the position of Chief Commercial Officer, effective immediately.

Core Molding Technologies Appoints Alex Bantz as Chief Commercial Officer to Lead Strategic Expansion

Dublin, Sept. 30, 2024 (GLOBE NEWSWIRE) -- The "Thermo Compression Forming Market by Foam Type (Thermoplastic Foam, Needle-Punch Nonwovens, Light Weight Glass Mat Thermoplastic), End-Use Industry (Automotive, Aerospace, Construction, Medical, Electrical & Electronics) - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The Thermo Compression Forming Market size is projected to reach USD 13.37 billion by 2029 at a CAGR of 4.0% from USD 11 billion in 2024. North America is estimated to account for the largest share in terms of value of the thermo compression forming market in 2024.

Thermo Compression Forming Market Global Forecast to 2029, with Leading Player Profiles for Flextech, Janco, Formed Solutions, Core Molding Technologies and More

COLUMBUS, Ohio, Aug. 19, 2024 (GLOBE NEWSWIRE) -- 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 that David Duvall, President and CEO, and John Zimmer, EVP and CFO, will participate in the 15th Annual Midwest IDEAS Conference in Chicago on August 28, 2024.

Core Molding Technologies to Present and Host 1x1 Meetings at the 15th Annual Midwest IDEAS Conference on August 28, 2024

Core Molding Technologies, Inc. (NYSE:CMT ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Sandy Martin - IR, Three Part Advisers Dave Duvall - President and CEO John Zimmer - EVP and CFO Conference Call Participants Chip Moore - Roth MKM Operator Good morning, everyone. Welcome to the Core Molding Technologies Second Quarter Fiscal 2024 Financial Results Conference Call.

Core Molding Technologies, Inc. (CMT) Q2 2024 Earnings Call Transcript

Core Molding Technologies (CMT) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.91 per share a year ago.

Core Molding Technologies (CMT) Surpasses Q2 Earnings and Revenue Estimates

COLUMBUS, Ohio, July 17, 2024 (GLOBE NEWSWIRE) -- 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, today announces that it will release its second quarter fiscal year 2024 results on Tuesday, August 6, 2024, 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 Second Quarter Fiscal Year 2024 Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Core Molding Technologies (CMT) Right Now?

Is Core Molding Technologies (CMT) Stock Undervalued Right Now?

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Core Molding Technologies (CMT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Core Molding Technologies (CMT) Is Still a Bargain Stock

Is Core Molding Technologies (CMT) a Great Value Stock Right Now?

COLUMBUS, Ohio, May 08, 2024 (GLOBE NEWSWIRE) -- 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 that David Duvall, President and CEO, and John Zimmer, EVP and CFO, will participate in the EF Hutton Annual Global Conference at The Plaza Hotel in New York City on May 15, 2024.

Core Molding Technologies to Participate in the EF Hutton Annual Global Conference in NYC

COLUMBUS, Ohio, May 07, 2024 (GLOBE NEWSWIRE) -- 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 three months ended March 31, 2024.

Core Molding Technologies Reports Fiscal 2024 First Quarter Results

COLUMBUS, Ohio, April 16, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding,” “Core” or the “Company”) announced it was presented with BRP's Gold Supplier Award based on excellence in quality, manufacturing, and logistics related to its Sea-Doo boat and personal watercraft models. BRP awards the Gold Supplier Award to suppliers that have provided excellent customer service and technical support.

Core Molding Technologies Presented with a 2024 BRP Gold Supplier Award

Core Molding Technologies (CMT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Core Molding Technologies (CMT) Soars 7.5%: Is Further Upside Left in the Stock?

NEW YORK , March 27, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Core Molding Technologies, Inc. (NYSE American: CMT) on behalf of the company's shareholders. The investigation seeks to determine whether Core Molding Technologies's directors breached their fiduciary duties in connection with recent corporate actions.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Core Molding Technologies, Inc. (NYSE American: CMT)

COLUMBUS, Ohio, March 25, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding,” “Core” or the “Company”), announced today that Eric L. Palomaki has been promoted to Chief Operating Officer (“COO”).

Core Molding Technologies Promotes Eric L. Palomaki to Chief Operating Officer

COLUMBUS, Ohio, March 13, 2024 (GLOBE NEWSWIRE) -- 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 that David Duvall, President and CEO, and John Zimmer, EVP and CFO, will participate in the upcoming 36th Annual Roth Conference on March 18-19, 2024 in Laguna Niguel, CA. Investors interested in arranging a one-on-one meeting should contact your conference representative or the Company's investor relations contacts listed below.

Core Molding Technologies to Participate in the 36th Annual Roth Conference

Core Molding Technologies, Inc. (CMT) Q4 2023 Earnings Call Transcript

Significant Cash Flow and Improved Returns from Fiscal 2023 Strategic Initiatives Significant Cash Flow and Improved Returns from Fiscal 2023 Strategic Initiatives

Core Molding Technologies Reports Full Year and Fourth Quarter 2023 Results

COLUMBUS, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- 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 that its Board of Directors authorized a stock repurchase program of up to $7,500,000 of the Company's issued and outstanding common stock, par value $1.00 per share.

Core Molding Technologies Announces $7,500,000 Stock Repurchase Program

COLUMBUS, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- 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, today announces that it will release its fourth quarter and fiscal year 2023 results on Tuesday, March 12, 2024, 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 Fourth Quarter and Fiscal Year 2023 Results

Core Molding Technologies is a company with a leading position in providing products in the thermoplastic and thermoset categories. The company has long-term relationships with major blue-chip companies, giving it a competitive advantage. It has a reverse order for its addressable market and current sales contributor, indicating potential for growth.

News for Core Molding Technologies Stock (CMT)