Core Molding Technologies Reports Full Year and Fourth Quarter 2025 Results

Rhea-AI Summary

Core Molding Technologies (NYSE: CMT) reported fourth-quarter 2025 net sales of $74.7M, up 19.5%, and full-year 2025 net sales of $273.8M, down 9.5% year-over-year. The company won $63M of new business in 2025, generated operating cash flow > $19M, and ended the year with $88.1M total liquidity. Management expects 2026 sales to be flat to +5% and outlines Mexico expansion capex of $18M–$20M toward capacity growth.

Positive

• Q4 net sales +19.5% to $74.7M
• Full-year business wins of $63M supporting multi-year growth
• Operating cash flow > $19M for fiscal 2025
• Year-end liquidity of $88.1M including $38.1M cash
• Debt to trailing twelve months Adjusted EBITDA 0.64x

Negative

• Fiscal 2025 net sales down 9.5% to $273.8M
• Product sales declined 20.2% to $232.2M
• Free cash flow only $1.9M for the year
• Gross margin modestly compressed to 17.4%

Market Reaction – CMT

+12.88% $20.38 2.1x vol

15m delay 3 alerts

+12.88% Since News

$20.38 Last Price

$19.14 $20.98 Day Range

+$20M Valuation Impact

$174M Market Cap

2.1x Rel. Volume

Following this news, CMT has gained 12.88%, reflecting a significant positive market reaction. Our momentum scanner has triggered 3 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $20.38. This price movement has added approximately $20M to the company's valuation. Trading volume is elevated at 2.1x the average, suggesting notable buying interest.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Q4 2025 net sales: $74.7M Q4 2025 product sales: $55.4M FY 2025 net sales: $273.8M +5 more

8 metrics

Q4 2025 net sales $74.7M Up 19.5% YoY versus $62.5M; driven by elevated tooling revenue

Q4 2025 product sales $55.4M Down 7.8% year-over-year despite higher total net sales

FY 2025 net sales $273.8M Down 9.5% from $302.4M in the prior year

FY 2025 gross margin $47.6M (17.4%) Margin within long-term 17–19% target despite lower volumes

FY 2025 net income $11.2M ($1.29 diluted EPS) Down from $13.3M ($1.51) in the prior year

Operating cash flow 2025 $19.2M Strong operating cash generation while investing for growth

Year-end 2025 liquidity $88.1M $38.1M cash plus $25M undrawn revolver and $25M undrawn capex facility

2025 capital expenditures $17.3M $10.8M for capacity/automation and $6.5M for Mexico expansion

Market Reality Check

Price: $18.05 Vol: Volume 47,159 is 2.14x th...

high vol

$18.05 Last Close

Volume Volume 47,159 is 2.14x the 20-day average of 22,059, indicating elevated trading interest ahead of/around the earnings release. high

Technical Shares at $18.05 trade below the $18.62 200-day MA and sit 19.03% under the 52-week high of $22.29, despite Q4 growth and reaffirmed margin stability.

Peers on Argus

CMT fell 4.04% while peers were mixed: AMTX up 8.12%, FSI up 4.73%, TSE down 7.6...

CMT fell 4.04% while peers were mixed: AMTX up 8.12%, FSI up 4.73%, TSE down 7.63%, FF and MNTK near flat. With no peers in the momentum scanner, the move appears stock-specific rather than sector-driven.

Previous Earnings Reports

5 past events · Latest: Jul 17 (Neutral)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jul 17	Earnings timing	Neutral	-0.2%	Announced scheduled release and call for Q2 2025 financial results.
May 08	Quarterly earnings	Negative	-3.3%	Q1 2025 showed 21.4% sales decline and lower net income despite margin gains.
Apr 28	Earnings timing	Neutral	-1.2%	Set date and access details for Q1 2025 earnings release and call.
Mar 11	Annual results	Neutral	-0.4%	Reported FY 2024 revenue decline but stable margins and strong cash flow.
Feb 12	Earnings timing	Neutral	+3.1%	Announced timing for Q4 and FY 2024 results and related conference call.

Pattern Detected

Earnings-related announcements have historically led to modest, often negative single-day moves (average about -0.4%), suggesting the stock tends to react conservatively around results and timing updates.

Recent Company History

Over the past year, earnings-tagged news for CMT has highlighted declining revenues but resilient margins and liquidity. FY 2024 net sales fell to $302.4M with 17.6% gross margin, followed by Q1 2025 net sales of $61.4M (-21.4% YoY) and improved 19.2% gross margin. Timing announcements for quarterly and annual results recur with small price moves. Today’s FY 2025 report extends this theme of pressured sales but stable profitability and cash generation.

Historical Comparison

-0.4% avg move · In the past year, CMT’s earnings-related headlines averaged about a -0.4% one-day move. Today’s -4.0...

earnings

-0.4%

Average Historical Move earnings

In the past year, CMT’s earnings-related headlines averaged about a -0.4% one-day move. Today’s -4.04% move ahead of/around FY 2025 results is notably larger than typical earnings reactions.

Earnings releases show revenue trending down from $357.7M in 2023 to $302.4M in 2024 and $273.8M in 2025, while gross margins hold in the mid‑teens and liquidity metrics such as total funds and cash balances remain strong.

Market Pulse Summary

The stock is surging +12.9% following this news. A strong positive reaction aligns with Core Molding...

Analysis

The stock is surging +12.9% following this news. A strong positive reaction aligns with Core Molding’s demonstration of resilient profitability despite softer FY 2025 revenues. Q4 net sales grew 19.5% while gross margin held at 15.2%, and full-year margin reached 17.4%. Historically, earnings headlines have produced only modest moves, so an outsized gain could reflect renewed confidence in growth projects and liquidity of $88.1M, but reactions can normalize once enthusiasm fades.

Key Terms

adjusted ebitda, free cash flow, return on capital employed, non-gaap financial measures, +1 more

5 terms

adjusted ebitda financial

"Adjusted EBITDA¹ of $7.6 million, or 10.2% of net sales..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

free cash flow financial

"Free Cash Flow, Adjusted Net Income, Return on Capital Employed..."

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

return on capital employed financial

"The Company generated a Return on Capital Employed¹ of 8.0%..."

Return on capital employed (ROCE) is a percentage that shows how much operating profit a company generates from the money invested in its business — including equity and long‑term debt. Investors use it to judge whether a company uses its resources efficiently, similar to measuring how much output a factory gets from its equipment; a higher ROCE suggests management is getting more profit from each dollar of capital, which can indicate better long‑term value.

non-gaap financial measures financial

"are non-GAAP financial measures as defined and reconciled below."

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

diluted share financial

"Net income of $3.1 million, or $0.36 per diluted share..."

Diluted share count is the total number of company shares that would exist if all potential claims that can become stock—such as employee stock options, warrants and convertible bonds—were exercised or converted. Investors use diluted shares to see a more conservative view of ownership and per-share metrics (like earnings per share), because it’s like slicing a cake into more pieces: the same profit spread over more slices makes each slice smaller.

AI-generated analysis. Not financial advice.

Fourth Quarter Total Sales Up 19.5% Driven by Elevated Tooling Revenue; Full Year Business Wins of $63 Million Support Multi-Year Revenue Expansion

COLUMBUS, Ohio, March 10, 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 building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today reported financial and operating results for the fiscal periods ended December 31, 2025.

David Duvall, the Company’s President and Chief Executive Officer, said, “Fiscal 2025 was intensely focused on our Invest For Growth Must Win Battle – and we delivered as stated. We won $63 million in business, the majority of which was new business for Core, and over 65% of these new wins are outside our largest end markets, Truck and Powersports. We also launched proprietary sheet molding compound (SMC) into Building Products, generating close to $10 million in revenue in a large, growing addressable market. While continuing to invest for growth in 2025, we maintained disciplined operational management. We systematically improved execution through optimizing our footprint, while implementing strategies to stabilize margins, generate operating cash flow, and prepare for growth.”

“In fiscal 2026, our focus is on execution: expanding the Matamoros facility and bringing the planned Monterrey plant online—on time and on budget. These projects are supported by current business, with a pipeline expected to deliver $150 million in incremental revenue over the next several years. With improving end-market visibility in the current year, we see a clear path to over $300 million in revenue in 2027.”

Alex Panda, the Company’s EVP and Chief Financial Officer, commented, “As expected, fiscal 2025 revenues declined 9.5%, primarily due to weakness in the Truck sector, which represents 44% of Core’s product sales. Gross margins of 17.4%, within our previously communicated range, reflected stability despite lower volumes and operating leverage pressure. By maintaining margins within our long-term 17% to 19% target range and managing SG&A tightly, we generated strong operating cash flows of over $19 million for the year.”

“Looking ahead, we anticipate total sales for 2026 to be flat to up approximately 5%, when compared to 2025. This is primarily driven by our SMC compound wins, which will start production by the end of third quarter of 2026 and our expectation that the Truck cycle will begin to recover in the second half of 2026 with momentum continuing through 2027.”

Fourth Quarter 2025 Highlights

• Net sales of $74.7 million, increased 19.5% from $62.5 million in the prior year; and product sales of $55.4 million, down 7.8% from the prior year.
• Gross margin of $11.3 million, or 15.2% of net sales, compared to $9.9 million or 15.8% of net sales, in the prior year.
• Selling, general, and administrative expenses of $7.7 million, or 10.4% of net sales, compared to $9.0 million or 14.4% of net sales, in the prior year same period.
• Operating income of $3.6 million, or 4.8% of net sales, versus $0.9 million, or 1.4% of net sales, in the prior year.
• Net income of $3.1 million, or $0.36 per diluted share, compared to net loss of $39.0 thousand, or $0.00 per diluted share, a year ago. Adjusted net income of $4.0 million, or $0.47 per diluted share, compared to net income of $0.8 million, or $0.10 per diluted share, in the prior year.
• Adjusted EBITDA¹ of $7.6 million, or 10.2% of net sales, compared to $5.7 million, or 9.2% of net sales in the prior year.
  
  ^{¹ Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, Return on Capital Employed Excluding Cash, and Debt to Trailing Twelve Months Adjusted EBITDA are non-GAAP financial measures as defined and reconciled below.}

Fiscal Year 2025 Highlights

• Net sales of $273.8 million, down 9.5% from $302.4 million in the prior year; and product sales of $232.2 million, down 20.2% from the prior year.
• Gross margin of $47.6 million, or 17.4% of net sales, compared to $53.3 million or 17.6% of net sales, in the prior year.
• Selling, general, and administrative expenses of $33.4 million, or 12.2% of net sales, compared to $36.6 million, or 12.1% of net sales, in the prior year same period. The 2025 selling, general, and administrative expense, excluding one-time footprint optimization cost of $1.9 million, was $31.5 million, or 11.5% of net sales.
• Operating income of $14.2 million, or 5.2% of net sales, versus operating income of $16.7 million, or 5.5% of net sales, in the prior year.
• Net income of $11.2 million, or $1.29 per diluted share, compared to net income of $13.3 million, or $1.51 per diluted share, a year ago. Adjusted net income of $13.2 million, or $1.52 per diluted share, compared to adjusted net income of $14.3 million, or $1.63 per diluted share, in the prior year.
• Adjusted EBITDA¹ of $30.7 million, or 11.2% of net sales, compared to $33.8 million, or 11.2% of net sales, in the prior year.
• Total liquidity at year-end was $88.1 million, net cash provided by operating activities was $19.2 million, free Cash Flow¹ was $1.9 million for the year, and the Debt to Trailing Twelve Months Adjusted EBITDA¹ was less than 1 times or 0.64 times.
  
  

2025 Capital Expenditures

The Company’s capital expenditures for 2025 were $17.3 million. $10.8 million related to purchases of property, plant and equipment for additional capacity, automation, new programs and equipment improvements at the Company’s production facilities and $6.5 million related to the Mexico expansion project. The Company anticipates spending approximately $25 million to $30 million during 2026 on property, plant and equipment purchases for all of the Company's operations, including the Mexico expansion. Included in the Company's anticipated spending in 2026 is approximately $18 million to $20 million for the Mexico expansion project. The Company generated a Return on Capital Employed¹ of 8.0% for the trailing twelve months and 10.2% excluding cash.

Financial Position at December 31, 2025

The Company’s total liquidity at the end of 2025 was $88.1 million, with $38.1 million in cash, $25.0 million of undrawn capacity under the Company’s revolving credit facility and $25.0 million of undrawn capacity under the Company's capex credit facility. The Company’s term debt was $19.7 million at December 31, 2025. The Debt to Trailing Twelve Months Adjusted EBITDA¹ was less than one times Adjusted EBITDA¹ at the end of the fiscal year.

^{¹ Debt to Trailing Twelve Months Adjusted EBITDA, Adjusted EBITDA, Adjusted Net Income, and return on capital employed are metrics and non-GAAP financial measures as defined and reconciled below.}

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 fiscal year ended December 31, 2025. To access the call live by phone, dial 1-888-506-0062, and ask for Core Moldings access code 818122 at least 10 minutes before the start time. A telephonic replay will be available through March 24, 2026, by calling 877-481-4010 using replay passcode 53447. The live webcast of the call will also be available for replay later 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 material,; 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
214-616-2207

- Financial Statements Follow –

Core Molding Technologies, Inc. Consolidated Statements of Operations (in thousands, except share and per share data)
		Three Months Ended December 31,								Year Ended December 31,
			2025				2024				2025				2024
Net sales:
Products		$	55,382			$	60,047			$	232,205			$	291,092
Tooling			19,295				2,451				41,593				11,286
Total net sales			74,677				62,498				273,798				302,378
Total cost of sales			63,337				52,613				226,216				249,118
Gross margin			11,340				9,885				47,582				53,260
Selling, general and administrative expense			7,748				9,016				33,364				36,565
Operating income			3,592				869				14,218				16,695
Other (income) and expense
Interest (income) expense			(17	)			(94	)			1				(193	)
Net periodic post-retirement benefit			(116	)			(180	)			(460	)			(593	)
Total other (income) and expense			(133	)			(274	)			(459	)			(786	)
Income before income taxes			3,725				1,143				14,677				17,481
Income tax (benefit) expense			642				1,182				3,482				4,182
Net (loss) income		$	3,083			$	(39	)		$	11,195			$	13,299
Net income per common share:
Basic		$	0.36			$	—			$	1.31			$	1.53
Diluted		$	0.36			$	—			$	1.29			$	1.51

Core Molding Technologies, Inc. Product Sales by Market (unaudited, in thousands)
		Three Months Ended December 31,						Year Ended December 31,
			2025			2024			2025			2024
Medium and heavy-duty truck		$	21,029		$	34,241		$	101,305		$	163,915
Power sports			17,518			12,220			63,480			68,445
Building products			5,610			2,689			22,522			17,011
Industrial and Utilities			5,519			6,347			22,614			18,829
All Other			5,706			4,550			22,284			22,892
Net Product Revenue		$	55,382		$	60,047		$	232,205		$	291,092

Core Molding Technologies, Inc. Consolidated Balance Sheets (in thousands)
		Year Ended December 31,
			2025				2024
Assets:
Current assets:
Cash and cash equivalents		$	38,058			$	41,803
Accounts receivable, net			30,831				30,118
Inventories, net			19,715				18,346
Prepaid expenses and other current assets			14,724				12,621
Total current assets			103,328				102,888
Right of use asset			14,494				2,112
Property, plant and equipment, net			86,940				80,807
Goodwill			17,376				17,376
Intangibles, net			3,479				4,430
Other non-current assets			2,515				1,937
Total Assets		$	228,132			$	209,550
Liabilities and Stockholders' Equity:
Liabilities:
Current liabilities:
Current portion of long-term debt		$	2,075			$	1,814
Accounts payable			14,924				17,115
Contract liabilities			5,018				2,286
Compensation and related benefits			4,988				7,585
Accrued other liabilities			7,168				7,911
Total current liabilities			34,173				36,711
Other non-current liabilities			1,935				1,623
Lease liabilities			13,113				997
Long-term debt			17,639				19,706
Post retirement benefits liability			3,101				3,152
Total Liabilities			69,961				62,189
Stockholders' Equity:
Common stock			85				86
Paid in capital			47,503				45,760
Accumulated other comprehensive income, net of income taxes			3,938				2,292
Treasury stock			(39,918	)			(36,145	)
Retained earnings			146,563				135,368
Total Stockholders' Equity			158,171				147,361
Total Liabilities and Stockholders' Equity		$	228,132			$	209,550

Core Molding Technologies, Inc. Consolidated Statements of Cash Flows (in thousands)
		Year Ended December 31,
			2025				2024
Cash flows from operating activities:
Net income		$	11,195			$	13,299
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			12,348				13,399
Deferred income tax			(830	)			473
Share-based compensation			1,788				2,495
Loss on the disposal of assets			563				241
Losses (Gain) on foreign currency			(547	)			1,180
Change in operating assets and liabilities:
Accounts receivable			(713	)			11,593
Inventories			(1,369	)			3,718
Prepaid and other assets			(1,243	)			1,673
Accounts payable			(2,447	)			(8,105	)
Accrued and other liabilities			1,030				(3,729	)
Post retirement benefits liability			(590	)			(1,086	)
Net cash provided by operating activities			19,185				35,151
Cash flows from investing activities:
Purchase of property, plant and equipment			(17,268	)			(11,525	)
Net cash used in investing activities			(17,268	)			(11,525	)
Cash flows from financing activities:
Payment on principal of term loans			(1,887	)			(1,548	)
Payments for taxes related to net share settlement of equity awards			(601	)			(1,440	)
Purchase of common shares			(3,174	)			(2,939	)
Net cash used in financing activities			(5,662	)			(5,927	)
Net change in cash and cash equivalents			(3,745	)			17,699
Cash and cash equivalents at beginning of year			41,803				24,104
Cash and cash equivalents at end of year		$	38,058			$	41,803
Cash paid for:
Interest		$	1,021			$	1,074
Income taxes		$	3,671			$	2,158
Non cash investing activities:
Fixed asset purchases in accounts payable		$	1,111			$	367

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) plant closure costs, and (vi) nonrecurring legal settlement costs and associated legal expenses unrelated to the Company's core operations. Free Cash Flow represents net cash (used in) provided by operating activities less purchase of property, plant and equipment and net working capital. Return on capital employed (ROCE) represents 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. ROCE excluding cash represents ROCE less ending cash balance. 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. We present Adjusted EBITDA, Free Cash Flow, Debt to Trailing Twelve Months Adjusted EBITDA and ROCE 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. 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, Cash Flow from Operating Activities to Free Cash Flow and Net Income per Share to Adjusted Net Income per Share, the most directly comparable GAAP measures, and ROCE, for the periods presented:

Core Molding Technologies, Inc. Net (Loss) Income to Adjusted EBITDA Reconciliation (unaudited, in thousands)
		Three months ended December 31,								Twelve Months Ended December 31,
			2025				2024				2025				2024
Net (loss) income		$	3,083			$	(39	)		$	11,195			$	13,299
Provision for income tax expense			642				1,182				3,482				4,182
Total other (income) and expenses(1)			(133	)			(273	)			(459	)			(786	)
Depreciation, amortization and other non-cash expenses			3,386				3,362				12,830				13,318
Share-based compensation			142				428				1,788				2,495
Severance Costs			476				1,066				1,455				1,294
Footprint optimization costs (restructuring)			—				—				420				—
Adjusted EBITDA		$	7,596			$	5,726			$	30,711			$	33,802
Adjusted EBITDA as a percent of net sales			10.2	%			9.2	%			11.2	%			11.2	%
(1)Includes net interest (income) expense, and non-cash periodic post-retirement benefit cost

Core Molding Technologies, Inc. Computation of Debt to Trailing Twelve Months Adjusted EBITDA (unaudited, in thousands)
		Trailing Twelve Month Adjusted EBITDA
Net income		$	11,195
Provision for income taxes			3,482
Total other expenses(1)			(459	)
Depreciation, amortization and other non-cash expenses			12,830
Share-based compensation			1,788
Severance Costs			1,455
Footprint optimization costs (restructuring)			420
Adjusted EBITDA		$	30,711
Total Outstanding Term Debt as of December 31, 2025		$	19,714
Term debt to Trailing Twelve Months Adjusted EBITDA			0.64
(1)Includes net interest (income) expense and non-cash periodic post-retirement benefit cost

Core Molding Technologies, Inc. Computation of Return on Capital Employed Fiscal Year Ended December 31, 2025 and 2024 (unaudited, in thousands)
			2025				2024
Equity		$	158,171			$	147,361
Structure debt			19,714				21,520
Total structured investment		$	177,885			$	168,881
Operating income		$	14,218			$	16,695
Return on capital employed			8.0	%			9.9	%

Core Molding Technologies, Inc. Computation of Return on Capital Employed Excluding Cash Fiscal Year Ended December 31, 2025 and 2024 (unaudited, in thousands)
			2025				2024
Equity		$	158,171			$	147,361
Structure debt			19,714				21,520
Less Cash		$	(38,058	)		$	(41,803	)
Total structured investment, Excluding Cash			139,827				127,078
Operating income		$	14,218			$	16,695
Return on capital employed, Excluding Cash			10.2	%			13.1	%

Core Molding Technologies, Inc. Free Cash Flow Fiscal Year Ended December 31, 2025 and 2024 (unaudited, in thousands)
			2025				2024
Cash flow provided by operations		$	19,185			$	35,151
Purchase of property, plant and equipment			(17,268	)			(11,525	)
Free cash flow surplus		$	1,917			$	23,626

Core Molding Technologies, Inc. Adjusted Net (Loss) Income per Share (unaudited, in thousands)
		Three Months Ended December 31,								Twelve Months Ended December 31,
			2025				2024				2025				2024
Net (Loss) Income		$	3,083			$	(39	)		$	11,195			$	13,299
Severance Costs (net of tax)		$	376			$	842			$	1,149			$	1,022
Footprint optimization costs (net of tax)		$	—			$	—			$	332			$	—
Other onetime non-cash expense		$	563			$	—			$	563			$	—
Adjusted net income		$	4,022			$	803			$	13,239			$	14,321
Weighted average common shares outstanding – basic			8,529,000				8,644,000				8,569,000				8,693,000
Weighted average common and potentially issuable common shares outstanding – diluted			8,659,000				8,720,000				8,698,000				8,787,000
Net (loss) income per share – basic		$	0.36			$	—			$	1.31			$	1.53
Severance Costs (net of tax)			0.04				0.10				0.13				0.12
Footprint optimization costs (net of tax)		$	—			$	—			$	0.04			$	—
Other onetime non-cash expense		$	0.07			$	—			$	0.07			$	—
Adjusted net income per share – basic		$	0.47			$	0.10			$	1.55			$	1.65
Net (loss) income per share – diluted		$	0.36			$	—			$	1.29			$	1.51
Severance Costs (net of tax)			0.04				0.10				0.13				0.12
Footprint optimization costs (net of tax)		$	—			$	—			$	0.04			$	—
Other onetime non-cash expense		$	0.07			$	—			$	0.06			$	—
Adjusted net income per share – diluted		$	0.47			$	0.10			$	1.52			$	1.63

FAQ

What were Core Molding (CMT) fourth-quarter 2025 results?

Core Molding reported Q4 2025 net sales of $74.7M, a 19.5% increase year-over-year. According to the company, product sales were down while elevated tooling revenue drove overall quarter growth and operating income improved to $3.6M.

How did Core Molding (CMT) perform for full-year 2025 and what were key metrics?

Full-year 2025 net sales were $273.8M, down 9.5% year-over-year, with gross margin at 17.4%. According to the company, operating cash flow exceeded $19M, adjusted EBITDA was $30.7M, and year-end liquidity was $88.1M.

What growth outlook and guidance did Core Molding (CMT) provide for 2026?

Management expects 2026 total sales to be flat to up about 5%, driven by SMC wins and Truck market recovery in H2. According to the company, SMC production will start by end of Q3 2026, supporting multi-year revenue expansion.

What capital spending and expansion plans did Core Molding (CMT) disclose for 2026?

Core Molding plans approximately $25M–$30M in 2026 capex, including $18M–$20M for the Mexico expansion. According to the company, spending targets support Matamoros expansion and the planned Monterrey plant coming online on schedule.

How did Core Molding (CMT) balance leverage and liquidity at year-end 2025?

Year-end liquidity totaled $88.1M with $38.1M cash and $50M of undrawn credit capacity. According to the company, term debt was $19.7M, yielding a Debt to trailing twelve months Adjusted EBITDA below 1.0x.