Core Molding Stock Price, News & Analysis

Core Molding Technologies reported record sales of $101.6 million for Q3 2022, a 25.4% increase from $81.0 million last year. Product sales rose 36.5% to $92.3 million. The company achieved a gross margin of $13.3 million (13.1% of sales) and an operating income of $4.6 million, recovering from a loss the previous year. Net income was $1.3 million, or $0.16 per diluted share. Core anticipates continued strength, tempered by potential macroeconomic challenges in 2023.

Core Molding Technologies (CMT) will announce its fiscal 2022 third quarter results on November 8, 2022, before market opening. The announcement will be followed by a conference call at 10:00 AM Eastern, which can be accessed via phone or webcast. Core Molding specializes in engineered materials for various sectors, including building products and transportation. The company operates primarily in North America and focuses on molded structural products, with economic conditions in the U.S., Mexico, and Canada influencing demand.

Core Molding Technologies (CMT) will present at the Midwest IDEAS Investor Conference on August 24, 2022, at 2:15 pm CT, in Chicago. Management will also hold 1x1 meetings with attendees. The event will be available through a webcast on both the conference host's website and Core's investor relations page. The company specializes in engineered materials, focusing on molded structural products across various industries, including transportation and building products, primarily in North America.

Core Molding Technologies (CMT) reported a record net sales of $98.7 million for Q2 2022, up 22.7% from the previous year. Product sales increased 17.9% to $93.3 million. However, gross margin decreased to 13.2% of net sales from 17.1%, impacted by product mix, inflation, and production inefficiencies. Net income fell to $2.2 million or $0.26 per share, down from $4.1 million or $0.48 a year ago. The company has extended its supply agreement with Volvo through 2027, enhancing financial stability.

Core Molding Technologies, Inc. (NYSE American: CMT) will participate in the virtual East Coast IDEAS Investor Conference on June 23, 2022. The presentation will be available starting at 6:00 am ET on June 22. This event showcases companies to investment professionals, emphasizing independent venues.

The IDEAS Conferences are held annually in Boston, Chicago, and Dallas and are designed to connect quality companies with investors. To learn more, visit the conference site or Core's investor relations page.

Core Molding Technologies (CMT) reports Q1 2022 net sales of $90.6 million, a 24% increase year-over-year, driven by strong product demand. Adjusted EBITDA was 10.5% of net sales with net income rising to $3.9 million or $0.46 per diluted share. The company recovered $9.5 million from raw material costs, although gross margin slightly declined to 16.0%. Capital expenditures increased to $20 million to boost production capacity. Despite inflationary pressures, CMT remains optimistic about future revenue growth and ongoing demand.

Core Molding Technologies (CMT) will announce its fiscal 2022 first quarter results on May 10, 2022, before market opening. A live conference call is scheduled at 10:00 AM Eastern on the same day, accessible via phone or webcast. The company specializes in molded structural products used in the building, utilities, transportation, and powersports sectors across North America and Mexico.

Core Molding Technologies (CMT) reported a strong fiscal year 2021 with record annual sales of $307 million, a 38% increase from the previous year. Fourth-quarter sales rose 21% year-over-year to $73.2 million, marking a return to profitability. The company achieved $75 million in net new wins across various sectors, contributing to a robust opportunity pipeline exceeding $160 million. However, gross margins declined due to rising raw materials costs, leading to operating income of $11.1 million and net income of $4.7 million for the year.

Core Molding Technologies, Inc. (NYSE American: CMT) is set to release its fiscal 2021 fourth quarter and full year financial results on March 8, 2022, before the market opens. Alongside this announcement, a live conference call is scheduled for 10:00 AM Eastern the same day. The company specializes in engineered materials, particularly molded structural products, and serves various industries across North America and Mexico, including transportation and building products.