Core Molding Technologies Reports Fiscal 2026 Second Quarter Results
Rhea-AI Summary
Core Molding Technologies (NYSE American: CMT) reported fiscal 2Q 2026 net revenue of $62.7 million, down from $79.2 million, as production revenue slipped 1.2% to $60.9 million and tooling project revenue dropped to $1.8 million from $17.6 million. Gross margin was $12.7 million, or 20.3% of net revenues (19.4% excluding a one-time customer capacity credit). SG&A rose to $10.4 million, including $1.8 million of non-recurring Mexico expansion and severance costs, resulting in operating income of $2.3 million and net income of $1.8 million, or $0.21 per diluted share. Adjusted EBITDA was $7.6 million (12.2% margin). For 1H 2026, net revenue was $121.3 million, with adjusted net income of $6.5 million and adjusted EBITDA of $15.0 million. The company won $25.7 million of net new business in 1H, plans $25–$30 million of 2026 capex (majority for Mexico expansion), repaid its 2022 term loan, and secured a new $100 million credit facility maturing in 2031.
Positive
- 1H 2026 new business awards $25.7 million, 100% net new volume
- Production revenue ex-truck +20.8% YoY in 2Q 2026
- 2Q 2026 gross margin 20.3% of net revenues (19.4% excluding one-time credit)
- Adjusted EBITDA $7.6 million in 2Q 2026, 12.2% margin
- Debt reduction 2022 term loan fully repaid by June 30, 2026
- New credit facilities $100 million total, maturing July 2031, at favorable rates
Negative
- Total net revenue down to $62.7 million from $79.2 million in 2Q 2025
- Tooling project revenue fell to $1.8 million from $17.6 million in 2Q 2025
- Operating income declined to $2.3 million from $5.2 million in 2Q 2025
- Net income decreased to $1.8 million from $4.1 million in 2Q 2025
- Truck market product revenue down to $24.2 million from $31.2 million in 2Q 2025
- 2026 capex projected at $25–$30 million, pressuring near-term cash flow
News Explained
The July facilities add borrowing capacity, while June 30 statements show $12,134 thousand cash, no long-term debt, and $457,000 spent on repurchases.
Core Molding Technologies reported fiscal 2026 second-quarter results for the period ended
The facilities comprise a
Cash and equivalents were
The next balance sheet can establish whether the July facilities have been drawn, while the capital-expenditures line can show progress toward the stated
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 14 | Results timing notice | Neutral | +4.6% | Announced August 4 results release and conference call timing |
| Jul 07 | Credit facility extension | Positive | -0.8% | Extended credit facilities and added financial flexibility through 2031 |
| May 14 | Investor conference participation | Neutral | -3.2% | Scheduled investor meetings and presentation at IDEAS conference |
| May 07 | First-quarter earnings | Negative | +1.8% | Reported lower sales and net income alongside new business wins |
| Apr 21 | Results timing notice | Neutral | -2.6% | Announced May 7 first-quarter results release and conference call |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Across the five recent events, four moves diverged from the event framing and one aligned, with no consistent direction by announcement type.
Key Terms
adjusted ebitda financial
non-gaap financial
delayed-draw term loan facility financial
return on capital employed financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
First-Half New Business Wins of
COLUMBUS, Ohio, Aug. 04, 2026 (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 medium- and heavy-duty truck, powersports, building products, and industrial and utilities industries across the United States, Canada and Mexico today reports financial and operating results for the fiscal periods ended June 30, 2026.
Eric Palomaki, the Company’s President and Chief Executive Officer, said, “Our second quarter results reflect the resilience of our diversified portfolio and the continued execution of our Invest for Growth strategy. As expected, production sales in our medium- and heavy-duty truck markets remained soft; however, strong momentum across our powersports, building products, and industrial and utilities end markets mostly offset that weakness. While tooling revenue remains all project-driven with larger customer acceptances anticipated in the fourth quarter, our commercial execution continues to gain traction. We are pleased with the nearly
“In parallel with these initiatives, our 2026 Must Win Battle is transforming our operating footprint and strengthening our competitive position in Mexico. This year, we will quadruple our manufacturing footprint in Monterrey, adding two 4500-ton presses in Matamoros, and advancing a culture of operational excellence that continues to deliver measurable results. I am especially proud of our Mexico team, whose execution enabled the successful completion of a major plant relocation and consolidation in less than nine months all while maintaining excellent on time shipping and quality metrics. These investments reflect our disciplined approach to capital allocation and our commitment to organic growth. By expanding capacity, we are building a scalable platform that supports secured and future programs, accelerates profitable growth, and enhances long-term shareholder value."
Alex Panda, the Company’s EVP and Chief Financial Officer, said, “For the second quarter, total product or production sales declined
“Our balance sheet remains strong. During the quarter, we repaid the remaining balance on our 2022 Term Loan, and in July 2026, we successfully amended and extended our credit facilities, further strengthening our financial position. The amended credit agreement provides a
Second Quarter 2026 Highlights
- Total net revenues comprised Production revenues of
$60.9 million and Tooling Project revenue of$1.8 million .- Production revenues declined
1.2% due entirely to the Truck vertical, and excluding Truck, Production revenues were up20.8% year-over-year. - Tooling Project revenue of
$1.8 million compared to$17.6 million year-over-year is project-based revenue that is necessary ahead of a customer production cycle.
- Production revenues declined
- Gross margin of
$12.7 million , or20.3% of net revenues, compared to18.1% of net sales in the prior year second quarter. The improvement was primarily the result of a favorable product mix and operating efficiencies, as well as a one-time margin benefit from a customer capacity credit. Excluding the 2026 one-time credit, gross margin was19.4% . - Selling, general, and administrative expenses of
$10.4 million , or16.6% of net revenues, compared to$9.1 million , or11.5% of net revenues in the prior year second quarter.- Second quarter 2026 SG&A expenses included
$1.8 million of non-recurring costs associated with the Mexico expansion and severance costs.
- Second quarter 2026 SG&A expenses included
- Operating income of
$2.3 million , or3.7% of net revenues, which includes non-recurring costs above, compared to operating income of$5.2 million , or6.6% of net revenues for the prior year second quarter. - Net income of
$1.8 million , or$0.21 per diluted share, compared to net income of$4.1 million , or$0.47 per diluted share for the prior year second quarter. Adjusted net income1 of$3.3 million , or$0.39 per diluted share. - Adjusted EBITDA1 of
$7.6 million , or12.2% of net revenues, compared to$9.5 million , or12.0% for the prior year second quarter.
Six-Month 2026 Highlights
- Total net revenues comprised Production revenue of
$118.4 million and Tooling Project revenue of$3.0 million .- Production revenues declined
3.5% due entirely to the Truck vertical, and excluding Truck, Production revenues were up20.7% year-over-year. - Tooling Project revenue of
$3.0 million compared to$18.0 million year-over-year is project-based revenue that is necessary ahead of a customer production cycle.
- Production revenues declined
- Gross margin of
$24.7 million , or20.4% of net revenues, compared to18.5% of net revenues in the prior year six-month period. - Selling, general, and administrative expenses of
$21.6 million , or17.8% of net revenues, compared to$18.0 million , or12.8% of net revenues.- 2026 six month period SG&A expenses included
$4.8 million of non-recurring costs associated with the Mexico expansion and severance costs.
- 2026 six month period SG&A expenses included
- Operating income of
$3.1 million , or2.5% of net revenues, which includes non-recurring costs above, compared to operating income of$8.1 million , or5.7% of net revenues for the prior year six-month period. - Net income of
$2.4 million , or$0.27 per diluted share, compared to net income of$6.2 million , or$0.72 per diluted share for the prior year six-month period. Adjusted net income1 of$6.5 million , or$0.74 per diluted share. - Adjusted EBITDA1 of
$15.0 million , or12.3% of net revenue, compared to$16.7 million , or11.9% for the prior year six-month period. - 24,545 shares repurchased under the share repurchase authorization at an average price of
$18.62 , totaling$457,000 .
1Adjusted Net Income and Adjusted EBITDA are non-GAAP financial measures as defined and reconciled
2026 Capital Expenditures
The Company’s capital expenditures for the first six months of 2026 were
Financial Position at June 30, 2026
The Company’s cash at June 30, 2026, was
Subsequent to the quarter, on July 2, 2026, the Company entered into the third amendment of its 2022 Credit Agreement. This amendment refinanced the Company's existing term loan and credit facilities. The Company has secured credit facilities in an aggregate principal amount of
Conference Call
The Company will conduct a conference call today at 10:00 a.m. Eastern Time to discuss financial and operating results for the periods ended June 30, 2026. To access the call live by phone, dial (844) 881-0134 and ask for the Core Molding Technologies call at least 10 minutes prior to the start time. A telephonic replay will be available through August 11, 2026, by calling (855) 669-9658 and using passcode ID: 6843258#. A webcast of the call will also be available live and for later replay on the Company’s Investor Relations website at www.coremt.com/investor-relations/events-presentations/.
About Core Molding Technologies, Inc.
Core Molding Technologies is a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America. The Company operates in one operating segment as a molder of thermoplastic and thermoset structural products. The Company’s operating segment consists of one reporting unit, Core Molding Technologies. The Company offers customers a wide range of manufacturing processes to fit various program volume and investment requirements. These thermoset processes include compression molding of sheet molding compound (“SMC”), resin transfer molding (“RTM”), liquid molding of dicyclopentadiene (“DCPD”), spray-up and hand-lay-up. The thermoplastic processes include direct long-fiber thermoplastics (“DLFT”) and structural foam and structural web injection molding. Core Molding Technologies serves a wide variety of markets, including the medium and heavy-duty truck, marine, automotive, agriculture, construction, and other commercial products. The demand for Core Molding Technologies’ products is affected by economic conditions in the United States, Mexico, and Canada. Core Molding Technologies’ operations may change proportionately more than revenues from operations.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that are subject to risks and uncertainties. These statements often include words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “will”, “should”, “could”, “would”, “project”, “continue”, “likely”, and similar expressions. In particular, this press release may contain forward-looking statements about the Company’s expectations for future periods with respect to its plans to improve financial results, the future of the Company’s end markets. Factors that could cause actual results to differ from those reflected in forward-looking statements relating to our operations and business include: dependence on certain major customers, and potential loss of any major customer due to completion of existing production programs or otherwise; business conditions in the plastics, transportation, power sports, utilities and commercial product industries (including changes in demand for production); the availability and price increases of raw materials; general macroeconomic, social, regulatory and political conditions, including uncertainties surrounding volatility in financial markets; the imposition of new or increased tariffs and the resulting consequences; safety and security conditions in Mexico; costs and other resources related to Core Molding Technologies’ efforts to expand its customer base and grow its business, and provide on-time delivery to customers; the Company’s decision to pursue new products and initiatives to quote and execute manufacturing processes for new business, acquire raw materials, address inflationary pressures, regulatory matters and labor relations; the ability to successfully identify, evaluate and manage potential acquisitions and to benefit from and properly integrate any completed acquisitions; the Company’s financial position or other financial information; inadequate insurance coverage to protect against potential hazards; equipment and machinery failure; product liability and warranty claims; cybersecurity incidents or other similar disruptions; and other risks and uncertainties described in the Company’s filings with the SEC. These statements are based on certain assumptions that the Company has made in light of its experience as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including those included in the Company’s filings with the SEC. There can be no assurance that statements made in this press release relating to future events will be achieved. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.
Company Contact:
Core Molding Technologies, Inc.
Alex Panda
Executive Vice President & Chief Financial Officer
apanda@coremt.com
Investor Relations Contact:
Three Part Advisors, LLC
Sandy Martin or Steven Hooser
smartin@threepa.com, shooser@threepa.com
214-616-2207
| Core Molding Technologies, Inc. Consolidated Statements of Operations (unaudited, in thousands, except share and per share data) | |||||||||||||||
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net revenue: | |||||||||||||||
| Production | $ | 60,890 | $ | 61,633 | $ | 118,350 | $ | 122,645 | |||||||
| Tooling Project | 1,839 | 17,606 | 2,962 | 18,041 | |||||||||||
| Total net revenue | 62,729 | 79,239 | 121,312 | 140,686 | |||||||||||
| Total cost of revenue | 50,001 | 64,925 | 96,606 | 114,589 | |||||||||||
| Gross margin | 12,728 | 14,314 | 24,706 | 26,097 | |||||||||||
| Selling, general and administrative expense | 10,433 | 9,100 | 21,647 | 18,044 | |||||||||||
| Operating income | 2,295 | 5,214 | 3,059 | 8,053 | |||||||||||
| Other income and expense | |||||||||||||||
| Net interest (income) expense | 60 | (32 | ) | 146 | (16 | ) | |||||||||
| Net periodic post-retirement benefit | (117 | ) | (117 | ) | (234 | ) | (227 | ) | |||||||
| Total other (income) and expense | (57 | ) | (149 | ) | (88 | ) | (243 | ) | |||||||
| Income before income taxes | 2,352 | 5,363 | 3,147 | 8,296 | |||||||||||
| Income tax expense | 569 | 1,311 | 759 | 2,061 | |||||||||||
| Net income | $ | 1,783 | $ | 4,052 | $ | 2,388 | $ | 6,235 | |||||||
| Net income per common share: | |||||||||||||||
| Basic | $ | 0.21 | $ | 0.47 | $ | 0.28 | $ | 0.73 | |||||||
| Diluted | $ | 0.21 | $ | 0.47 | $ | 0.27 | $ | 0.72 | |||||||
| Core Molding Technologies, Inc. Product Revenue by Market (unaudited, in thousands) | |||||||||||
| Three months ended June 30, | Six months ended June 30, | ||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||
| Medium and heavy-duty truck | $ | 24,172 | $ | 31,246 | $ | 43,707 | $ | 60,806 | |||
| Power sports | 15,245 | 14,208 | 35,942 | 28,414 | |||||||
| Building products | 6,316 | 4,671 | 11,490 | 11,050 | |||||||
| Industrial and utilities | 6,207 | 5,874 | 11,531 | 11,244 | |||||||
| All other | 8,950 | 5,634 | 15,680 | 11,131 | |||||||
| Net product revenue | $ | 60,890 | $ | 61,633 | $ | 118,350 | $ | 122,645 | |||
| Core Molding Technologies, Inc. Consolidated Balance Sheets (in thousands) | |||||||
| As of | |||||||
| June 30, | As of | ||||||
| 2026 | December 31, | ||||||
| (unaudited) | 2025 | ||||||
| Assets: | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 12,134 | $ | 38,058 | |||
| Accounts receivable, net | 35,292 | 30,831 | |||||
| Inventories, net | 27,338 | 19,715 | |||||
| Prepaid expenses and other current assets | 21,540 | 14,724 | |||||
| Total current assets | 96,304 | 103,328 | |||||
| Right of use asset | 14,514 | 14,494 | |||||
| Property, plant and equipment, net | 93,526 | 86,940 | |||||
| Goodwill | 17,376 | 17,376 | |||||
| Intangibles, net | 3,021 | 3,479 | |||||
| Other non-current assets | 2,679 | 2,515 | |||||
| Total Assets | $ | 227,420 | $ | 228,132 | |||
| Liabilities and Stockholders' Equity: | |||||||
| Liabilities: | |||||||
| Current liabilities: | |||||||
| Current portion of long-term debt | $ | — | $ | 2,075 | |||
| Accounts payable | 23,808 | 14,924 | |||||
| Contract liabilities | 9,774 | 5,018 | |||||
| Compensation and related benefits | 7,215 | 4,988 | |||||
| Accrued other liabilities | 7,442 | 7,168 | |||||
| Total current liabilities | 48,239 | 34,173 | |||||
| Other non-current liabilities | 1,901 | 1,935 | |||||
| Lease liabilities | 13,027 | 13,113 | |||||
| Long-term debt | — | 17,639 | |||||
| Post retirement benefits liability | 3,176 | 3,101 | |||||
| Total Liabilities | 66,343 | 69,961 | |||||
| Stockholders' Equity: | |||||||
| Common stock | 86 | 85 | |||||
| Paid in capital | 48,499 | 47,503 | |||||
| Accumulated other comprehensive income, net of income taxes | 4,528 | 3,938 | |||||
| Treasury stock | (40,987 | ) | (39,918 | ) | |||
| Retained earnings | 148,951 | 146,563 | |||||
| Total Stockholders' Equity | 161,077 | 158,171 | |||||
| Total Liabilities and Stockholders' Equity | $ | 227,420 | $ | 228,132 | |||
| Core Molding Technologies, Inc. Consolidated Statements of Cash Flows (unaudited, in thousands) | |||||||
| Six months ended June 30, | |||||||
| 2026 | 2025 | ||||||
| Cash flows from operating activities: | |||||||
| Net income | $ | 2,388 | $ | 6,235 | |||
| Adjustments to reconcile net income to net cash used in operating activities: | |||||||
| Depreciation and amortization | 6,231 | 6,391 | |||||
| Loss on disposal of property, plant and equipment | — | 4 | |||||
| Share-based compensation | 996 | 1,125 | |||||
| Losses (gain) on foreign currency | (489 | ) | (220 | ) | |||
| Change in operating assets and liabilities: | |||||||
| Accounts receivable | (4,461 | ) | (7,674 | ) | |||
| Inventories | (7,623 | ) | (1,010 | ) | |||
| Prepaid and other assets | (6,082 | ) | 485 | ||||
| Accounts payable | 9,246 | 5,857 | |||||
| Accrued and other liabilities | 7,081 | (1,372 | ) | ||||
| Post retirement benefits liability | (217 | ) | (227 | ) | |||
| Net cash provided by operating activities | 7,070 | 9,594 | |||||
| Cash flows from investing activities: | |||||||
| Purchase of property, plant and equipment | (12,082 | ) | (4,387 | ) | |||
| Net cash used in investing activities | (12,082 | ) | (4,387 | ) | |||
| Cash flows from financing activities: | |||||||
| Payments for taxes related to net share settlement of equity awards | (612 | ) | (600 | ) | |||
| Purchase of treasury stock | (457 | ) | (2,249 | ) | |||
| Payment of principal on term loans | (19,843 | ) | (949 | ) | |||
| Net cash used in financing activities | (20,912 | ) | (3,798 | ) | |||
| Net change in cash and cash equivalents | (25,924 | ) | 1,409 | ||||
| Cash and cash equivalents at beginning of period | 38,058 | 41,803 | |||||
| Cash and cash equivalents at end of period | $ | 12,134 | $ | 43,212 | |||
| Cash paid for: | |||||||
| Interest | $ | 475 | $ | 519 | |||
| Income taxes | $ | 3,142 | $ | 2,511 | |||
| Non cash investing activities: | |||||||
| Fixed asset purchases in accounts payable | $ | 1,260 | $ | 235 | |||
Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Core Molding management uses non-GAAP measures in its analysis of the Company's performance. Investors are encouraged to review the reconciliation of non-GAAP financial measures to the comparable GAAP results available in the accompanying tables.
Reconciliation of Non-GAAP Financial Measures
Adjusted EBITDA represents net income before, as applicable from time to time, (i) interest expense, net, (ii) provision (benefit) for income taxes, (iii) depreciation and amortization of long-lived assets, (iv) share based compensation expense, (v) restructuring and severance costs, and (vi) nonrecurring legal settlement costs and associated legal expenses unrelated to the Company's core operations. Debt-to-trailing twelve months adjusted EBITDA represents total outstanding debt divided by trailing twelve months Adjusted EBITDA. Free Cash Flow represents net cash (used in) provided by operating activities less purchase of property, plant and equipment. Trailing twelve months return on capital employed represents the trailing twelve months earnings before (i) interest expense, net and (ii) provision (benefit) for income taxes divided by (i) stockholders' equity and (ii) current and long-term debt. Adjusted Net Income represents net income before severance cost (net of tax).
We present Adjusted EBITDA, Adjusted EBITDA as a percent of net revenue , Free Cash Flow and trailing twelve months Return on Capital Employed because management uses these measures as key performance indicators, and we believe that securities analysts, investors and others use these measures to evaluate companies in our industry. These measures have limitations as analytical tools and should not be considered in isolation or as an alternative to performance measure derived in accordance with GAAP as an indicator of our operating performance. Our calculation of these measures may not be comparable to similarly named measures reported by other companies. The following tables present reconciliations of net income to Adjusted EBITDA, and Cash Flow from Operating Activities to Free Cash Flow, the most directly comparable GAAP measures, and trailing twelve months Return on Capital Employed, for the periods presented:
| Core Molding Technologies, Inc. Net Income to Adjusted EBITDA Reconciliation (unaudited, in thousands) | |||||||||||||||
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net income | $ | 1,783 | $ | 4,052 | $ | 2,388 | $ | 6,235 | |||||||
| Provision for income taxes | 569 | 1,311 | 759 | 2,061 | |||||||||||
| Total other expenses(1) | (57 | ) | (149 | ) | (88 | ) | (243 | ) | |||||||
| Depreciation and amortization | 3,061 | 3,157 | 6,098 | 6,351 | |||||||||||
| Share-based compensation | 501 | 494 | 996 | 1,125 | |||||||||||
| Severance costs | 487 | 479 | 1,411 | 979 | |||||||||||
| Footprint optimization costs (restructuring) | 1,302 | 200 | 3,404 | 200 | |||||||||||
| Adjusted EBITDA | $ | 7,646 | $ | 9,544 | $ | 14,968 | $ | 16,708 | |||||||
| Adjusted EBITDA as a percent of net revenue | 12.2 | % | 12.0 | % | 12.3 | % | 11.9 | % | |||||||
| (1)Includes net interest expense and non-cash periodic post-retirement benefit cost. | |||||||||||||||
| Core Molding Technologies, Inc. Computation of Trailing Twelve Months Return on Capital Employed (unaudited, in thousands) | ||||||||||||||||
| Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Trailing Twelve Months | ||||||||||||
| Operating Income | $ | 2,573 | $ | 3,592 | $ | 764 | $ | 2,295 | $ | 9,224 | ||||||
| Equity | $ | 161,077 | ||||||||||||||
| Structured Debt | $ | — | ||||||||||||||
| Total Capital Employed | $ | 161,077 | ||||||||||||||
| Return on Capital Employed | 5.7 | % | ||||||||||||||
| Core Molding Technologies, Inc. Computation of Trailing Twelve Months Return on Capital Employed Excluding Cash (unaudited, in thousands) | |||||||||||||||
| Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Trailing Twelve Months | |||||||||||
| Operating Income | $ | 2,573 | $ | 3,592 | $ | 764 | $ | 2,295 | $ | 9,224 | |||||
| Equity | $ | 161,077 | |||||||||||||
| Structured Debt | $ | — | |||||||||||||
| Less Cash | $ | (12,134 | ) | ||||||||||||
| Total Capital Employed, Excluding Cash | $ | 148,943 | |||||||||||||
| Return on Capital Employed, Excluding Cash | 6.2 | % | |||||||||||||
| Core Molding Technologies, Inc. Free Cash Flow Six Months Ended June 30, 2026 and 2025 (unaudited, in thousands) | |||||||
| 2026 | 2025 | ||||||
| Cash flow provided by operations | $ | 7,070 | $ | 9,594 | |||
| Purchase of property, plant and equipment | (12,082 | ) | (4,387 | ) | |||
| Free cash flow | $ | (5,012 | ) | $ | 5,207 | ||
| Core Molding Technologies, Inc. Adjusted Net Income per Share (unaudited, in thousands) | |||||||||||
| Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||
| Net Income | $ | 1,783 | $ | 4,052 | $ | 2,388 | $ | 6,235 | |||
| Succession plan costs (net of tax) | $ | 479 | $ | 378 | $ | 1,404 | $ | 773 | |||
| Mexico expansion and footprint optimization costs (net of tax) | $ | 1,029 | $ | 158 | $ | 2,679 | $ | 158 | |||
| Adjusted net income | $ | 3,291 | $ | 4,588 | $ | 6,471 | $ | 7,166 | |||
| Weighted average common shares outstanding - basic | 8,581,000 | 8,570,000 | 8,598,000 | 8,593,000 | |||||||
| Weighted average common and potentially issuable common shares outstanding - diluted | 8,709,000 | 8,620,000 | 8,725,000 | 8,704,000 | |||||||
| Net income per share - basic | $ | 0.21 | $ | 0.47 | $ | 0.28 | $ | 0.73 | |||
| Severance costs (net of tax) | 0.06 | 0.04 | 0.16 | 0.09 | |||||||
| Mexico expansion and footprint optimization costs (net of tax) | $ | 0.12 | $ | 0.02 | $ | 0.31 | $ | 0.02 | |||
| Adjusted net income per share - basic | $ | 0.39 | $ | 0.53 | $ | 0.75 | $ | 0.84 | |||
| Net income per share - diluted | $ | 0.21 | $ | 0.47 | $ | 0.27 | $ | 0.72 | |||
| Severance costs (net of tax) | 0.06 | 0.04 | 0.16 | 0.09 | |||||||
| Footprint optimization costs (net of tax) | $ | 0.12 | $ | 0.02 | $ | 0.31 | $ | 0.02 | |||
| Adjusted net income per share - diluted | $ | 0.39 | $ | 0.53 | $ | 0.74 | $ | 0.83 | |||
