Welcome to our dedicated page for Core Molding news (Ticker: CMT), a resource for investors and traders seeking the latest updates and insights on Core Molding stock.
Core Molding Technologies, Inc. (NYSE American: CMT) is an engineered materials company that focuses on thermoplastic and thermoset molded structural products for customers across North America. The news and press releases associated with CMT highlight its activity in markets such as medium and heavy-duty trucks, powersports, building products, industrial and utilities, marine, automotive, agriculture, construction, and other commercial products.
News about Core Molding Technologies frequently covers quarterly and annual financial results, where the company reports net sales, gross margin, operating income, net income, and non-GAAP measures such as Adjusted EBITDA and Adjusted Net Income. These updates often include commentary from management on demand trends in truck and powersports markets, the mix between product and tooling sales, and the impact of economic conditions in the United States, Mexico, and Canada.
Another recurring theme in CMT news is its "Invest for Growth" strategy, including announcements of new business wins, program launches across building products, transportation (including EV-related transportation), aerospace, and powersports, and capital investments in facilities such as plant expansions and new greenfield projects in Mexico. Press releases have described investments to support major truck customers and to add DCPD molding and paint capabilities closer to key customer locations.
Investors following CMT news will also see leadership and governance updates, including the planned retirement of the current President and Chief Executive Officer and the scheduled transition of the Chief Operating Officer into the CEO role as part of a long-term succession plan. In addition, the company regularly announces participation in investor conferences, where its management team presents and hosts one-on-one meetings with investors and analysts.
For those tracking CMT, the news flow provides insight into operational performance, capital allocation priorities such as share repurchases and capital expenditures, strategic initiatives in new markets, and the company’s view of demand conditions across its North American end markets.
Core Molding Technologies (NYSE American: CMT), a leading engineered materials company, has scheduled its first quarter fiscal 2025 earnings release for Thursday, May 8, 2025, before market open.
The company, which specializes in molded structural products across building products, utilities, transportation and powersports industries in North America, will host a conference call on the same day at 10:00am Eastern.
- Investors can join by phone: 1-888-506-0062
- Replay available through May 22nd: 1-877-481-4010 (Conference ID: 52363#)
- Webcast access: Available via Core Molding's Investor Relations website
Participants are advised to join at least 10 minutes before the call to register and download any necessary software. A replay will be available shortly after the call through both phone and webcast options.
Core Molding Technologies (NYSE American: CMT) reported its fiscal year 2024 results, showing a revenue decline but maintained margin stability. Net sales decreased 15.5% to $302.4 million from $357.7 million in the prior year, primarily due to lower demand across all significant markets.
Key financial metrics include:
- Gross margin of 17.6% ($53.3 million)
- Operating income of $16.7 million (5.5% of net sales)
- Net income of $13.3 million ($1.51 per diluted share)
- Record operational cash flow of $35.2 million
- Total liquidity of $91.8 million at year-end
The company secured $45 million in new revenue wins for 2024 and maintains a sales opportunity pipeline of $275 million. For 2025, Core Molding expects flat sales due to the phase-out of approximately $30 million Volvo programs, offset by higher tooling revenues and new program revenues.
Core Molding Technologies (NYSE American: CMT), a leading engineered materials company, has announced its participation in the upcoming 37th Annual Roth Conference. The event is scheduled for March 16-18, 2025, and will take place at the Laguna Cliffs Marriott in Dana Point, CA.
The company, which specializes in molded structural products across building products, industrial and utilities, medium and heavy-duty truck, and powersports industries throughout the United States, Canada, and Mexico, will have its management team available for one-on-one investor meetings during the conference. Interested investors can arrange meetings by contacting oneonone@roth.com.
Core Molding Technologies (NYSE American: CMT), a leading engineered materials company specializing in molded structural products, has announced it will release its fourth quarter and fiscal year 2024 financial results on Tuesday, March 11, 2025, before market opens.
The company will host a conference call and webcast on the same day at 10:00am Eastern. Investors can access the call by dialing 1-844-881-0134 or through the company's investor relations website. A replay will be available until March 18th via phone (1-877-344-7529, conference ID: 2691885#) and through the company's website.
Core Molding Technologies (NYSE American: CMT), a leading engineered materials company, announced its participation in the 16th Annual Southwest IDEAS Conference in Dallas on November 21, 2024. President and CEO David Duvall and EVP/CFO John Zimmer will represent the company, delivering a presentation from 4:10-4:45 PM CT and hosting one-on-one investor meetings throughout the day.
The presentation will be available via live webcast through Core Molding's investor relations website, with a replay option available afterward. The company specializes in molded structural products for building products, industrial and utilities, medium and heavy-duty truck, and powersports industries across North America.
Core Molding Technologies (NYSE American: CMT) announces the planned transition of CFO John Zimmer, who will depart on May 31, 2025. Alex J. Panda, a 10-year company veteran, will assume the CFO role effective June 1, 2025. Zimmer will continue serving in an advisory capacity to ensure a smooth transition and evaluate potential acquisitions. Panda, who joined in 2014, has held various leadership positions within Accounting and Finance, including VP and Corporate Controller. He played a key role in the company's 2019-2020 turnaround, helped complete two acquisitions, and oversaw international tax strategy implementation.
Core Molding Technologies reported Q3 2024 financial results with net sales of $73.0 million, down 15.8% year-over-year. Net income was $3.2 million ($0.36 per diluted share), compared to $4.4 million ($0.49 per diluted share) in Q3 2023. Gross margin was 16.9% versus 17.6% in the prior year quarter. The company implemented a labor reduction expected to generate $2.6 million in annual cost savings. For the first nine months of 2024, total net sales were $239.9 million, down 15.5% year-over-year, with net income of $13.3 million ($1.51 per diluted share). The company maintains strong liquidity of $92.3 million and expects full-year 2024 revenues to decline approximately 17%.
Core Molding Technologies has appointed Alex Bantz as Chief Commercial Officer, effective immediately. This newly created position aims to accelerate revenue growth initiatives and advance the company's Invest for Growth strategy. Bantz brings over 25 years of sales and operational experience, most recently serving as Vice President of Sales and Marketing at Milsco Manufacturing from 2018 to 2024. His previous roles include positions at Veyance Technologies, Goodyear Tire and Rubber Company, and Hendrickson. Bantz holds a BS in Mechanical Engineering from Ohio State University.
Core Molding Technologies (NYSE American: CMT), a leading engineered materials company specializing in molded structural products, has announced the timing for its third quarter fiscal year 2024 results. The company will release its financial results on Tuesday, November 5, 2024, before the market opens. Following the release, Core Molding will host a conference call at 10:00am Eastern on the same day.
Investors can participate in the call by phone or webcast. To join by phone, dial 1-844-881-0134 at least 10 minutes before the call starts. A replay will be available until November 12th by dialing 1-877-344-7529 and using the conference ID: 5291745#. For the webcast, connect via the Events and Presentations page on Core Molding's Investor Relations website.
Core Molding Technologies (NYSE American: CMT), a leading engineered materials company, will participate in the 15th Annual Midwest IDEAS Conference on August 28, 2024 in Chicago. David Duvall, President and CEO, and John Zimmer, EVP and CFO, will represent the company.
Key points:
- Core Molding will host one-on-one investor meetings throughout the day
- Their presentation is scheduled for 10:45-11:20 AM CT
- The presentation will be webcast live and accessible through the company's investor relations website
- A replay will be available after the presentation
Investors interested in scheduling a one-on-one meeting can contact the Three Part Advisors conference team at (817) 769-2373 or lwesley@IDEASconferences.com.
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