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Core Molding Technologies, Inc. - CMT STOCK NEWS

Welcome to our dedicated news page for Core Molding Technologies (Ticker: CMT), a resource for investors and traders seeking the latest updates and insights on Core Molding Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Core Molding Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Core Molding Technologies's position in the market.

Rhea-AI Summary

Core Molding Technologies, Inc. (NYSE American: CMT) announced the release of its second annual Sustainability Report focusing on its ESG approach and strategies. The report highlights achievements in 2023 and progress on energy consumption, greenhouse gas emissions, and landfill waste reduction goals. The Company aims to reduce these by 30% by the end of fiscal 2030. Core's President emphasized the commitment to environmental stewardship, diversity, and corporate governance for long-term shareholder value. The Sustainability Leader highlighted improvements in GHG emissions, electricity usage, and waste management KPIs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
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none
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Rhea-AI Summary
Core Molding Technologies, Inc. (NYSE American: CMT) announces the timing of its first quarter fiscal year 2024 results, scheduled for release on May 7, 2024. The Company will host a conference call on the same day at 10:00am Eastern time, accessible via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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-
Rhea-AI Summary
Core Molding Technologies, Inc. (CMT) was presented with the 2024 BRP Gold Supplier Award for its excellence in quality, manufacturing, and logistics related to BRP's Sea-Doo boat and personal watercraft models. The award recognizes Core Molding's ability to provide excellent customer service and technical support, meeting criteria such as on-time deliveries, quality, zero line stoppages, zero retrofits, and zero warranty concerns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.11%
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none
Rhea-AI Summary
Core Molding Technologies, Inc. (CMT) appoints Eric L. Palomaki as Chief Operating Officer to drive operational excellence and accelerate growth. Palomaki's extensive experience and proven track record position him well for success in his new role, enhancing the company's strategic initiatives and operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
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none
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Rhea-AI Summary
Core Molding Technologies, Inc. (CMT) executives to participate in the 36th Annual Roth Conference. The company specializes in molded structural products for various industries across North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.21%
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conferences
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Rhea-AI Summary
Core Molding Technologies, Inc. reported financial results for fiscal year 2023, showing a decline in net and product sales but significant improvement in gross margin, operating income, net income, and adjusted EBITDA. The company focused on profitability improvements, operational performance, and efficiency enhancements, leading to increased cash flows and a healthier business model. Despite lower sales due to market dynamics, Core Molding achieved meaningful profitability goals and a record free cash flow for the year.
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Rhea-AI Sentiment
End-of-Day
-0.72%
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Rhea-AI Summary
Core Molding Technologies, Inc. (CMT) announces a $7.5 million stock repurchase program to enhance shareholder value and support company growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
buyback
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Rhea-AI Summary
Core Molding Technologies, Inc. (CMT) will release its Q4 and fiscal year 2023 results on March 12, 2024, followed by a conference call. The company specializes in molded structural products for various industries in North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.9%
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Rhea-AI Summary
Core Molding Technologies, Inc. (NYSE American: CMT) will present at the Southwest IDEAS Investor Conference on November 16, 2023. The company, specializing in molded structural products, will have management available for 1x1 meetings. The presentation will be webcast and accessible through the conference host’s website and the company's investor relations section.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
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none
Rhea-AI Summary
Core Molding Technologies, Inc. reports third quarter 2023 financial results, highlighting a 12.4% decrease in product sales but a 51% increase in net income. Adjusted EBITDA increased by 300 basis points, and the company expects a 15-20% decline in sales for the fourth quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-31.1%
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Core Molding Technologies, Inc.

NYSE:CMT

CMT Rankings

CMT Stock Data

164.87M
6.94M
13.89%
60.59%
4.19%
Other Chemical and Fertilizer Mineral Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
COLUMBUS

About CMT

core molding technologies, inc. is a manufacturer of sheet molding compound (smc) and molder of fiberglass reinforced plastics. core specializes in large-format moldings and offers a wide range of fiberglass processes, including compression molding of smc, glass mat thermoplastics (gmt) and bulk molding compounds (bmc); spray-up, lay-up, resin transfer (rtm) and vacuum resin transfer molding (v-rtm). additionally, the company offers liquid molding of dicyclopentadiene (dcpd). core serves a wide variety of markets, including the medium and heavy-duty truck, marine, automotive, and other commercial products. headquartered in columbus, ohio, core maintains plants in columbus and batavia, ohio; gaffney, south carolina and matamoros, mexico. for further information, visit the company's website at www.coremt.com.