Core Molding Technologies, Inc. filings document a Delaware engineered materials company whose common stock trades on NYSE American under CMT, along with related preferred stock purchase rights.
The company's SEC disclosures include Form 8-K reports for quarterly and annual operating results, investor presentation materials, stock repurchase authorization, and amendments to its credit agreement. Definitive proxy statements cover board elections, executive compensation, equity awards, shareholder voting matters, and governance for a manufacturer of molded structural products serving building products, utilities, transportation, truck, industrial, and powersports markets.
Core Molding Technologies (CMT) promoted Michael J. Gayford to chief operating officer, effective immediately on September 28, 2026. Gayford will assume operational responsibility for the company’s North American operations, and Arnold Alanis, executive vice president of operations in Mexico, will report to him.
Gayford joined the company in 2023 and has more than 25 years of manufacturing, engineering and operational leadership experience, including more than 17 years in composite manufacturing. He was promoted to executive vice president of operations in 2025, overseeing multi-site manufacturing operations in the United States and Canada, as well as advanced manufacturing engineering and research and development. The amendment corrects the EDGAR item designation to Item 5.02 and makes no other changes to the original report.
Core Molding Technologies (CMT) outlined its growth strategy, commercial wins and operating targets in a September 2026 investor presentation. It reported $89 million in incremental annual revenue won over 18 months and $142 million in annual awards over the past 30 months, including $115 million in incremental awards.
For 2026, the company expects full-year sales at the midpoint of flat to up 5% versus 2025 and gross margin of 16% to 17%. It said approximately $5 million to $7 million of Q4 product sales may shift to the first half of 2027, while a change to percentage-of-completion accounting shifts approximately 75% of tooling revenue recognition from Q4 to Q3 2026. A U.S. plant relocation is expected to produce $1 million in annual savings beginning in 2027, with approximately $2 million in SG&A costs, primarily in Q3.
Core Molding Technologies (CMT) promoted Michael J. Gayford to Chief Operating Officer, effective immediately. He will assume operational responsibility for the company’s North American operations and continue overseeing program management, research and development initiatives, and strategic programs. Arnold Alanis, Executive Vice President of Operations in Mexico, will report to Gayford. Gayford joined the company in March 2023 as Vice President of Operations and was promoted to Executive Vice President of Operations in 2025, overseeing multi-site manufacturing operations across the United States and Canada. He has more than 25 years of manufacturing, engineering, and operational leadership experience, including more than 17 years in composite manufacturing.
CORE MOLDING TECHNOLOGIES INC director Ralph O. Hellmold reported a sale of 4,268 shares of common stock on 2026-08-07. The transaction was executed as a sale in the open market or a private transaction at a footnote-qualified weighted average price of $25.82 per share, across multiple trades between $25.61 and $26.05. Following this sale, Hellmold’s directly held position is reported as 33,501 shares of common stock.
Core Molding Technologies, Inc. reported softer results for the quarter ended June 30, 2026. Net revenue declined to $62,729,000 from $79,239,000 a year earlier as tooling project revenue fell sharply, while product revenue was roughly flat. Net income decreased to $1,783,000 ($0.21 per diluted share) from $4,052,000.
Despite lower volume, gross margin improved to about 20.3% of revenue, helped by mix and operating efficiencies, including a one-time capacity benefit. SG&A rose to $10,433,000, driven by severance and Mexico expansion costs; excluding these items, underlying SG&A was slightly below the prior year.
For the first half of 2026, operating cash flow was $7,070,000, while capital expenditures of $12,082,000 supported a major Mexico expansion, where 2026 spending is expected to reach approximately $18,000,000 to $20,000,000. The company fully repaid its $19,843,000 term loan, ended the quarter with $12,134,000 of cash and no debt, and subsequently secured new $100,000,000 revolving and delayed-draw term credit facilities maturing in 2031. Management expects 2026 revenue to rise approximately 0 to 5 percent versus 2025, with stronger performance in the second half and about $500,000 of one-time Mexico expansion costs in that period.
Core Molding Technologies reported softer fiscal 2026 second‑quarter results as net revenue fell on sharply lower tooling sales, while underlying production and margins held up. Production revenue was $60.9 million, down 1.2% year over year, but up 20.8% excluding the medium‑ and heavy‑duty truck market. Tooling project revenue dropped to $1.8 million. Gross margin improved to 20.3% of net revenue, helped by favorable mix, efficiencies and a one‑time customer capacity credit.
Net income declined to $1.8 million, or $0.21 per diluted share, from $4.1 million or $0.47, as SG&A rose to 16.6% of net revenue including $1.8 million of Mexico expansion and severance costs. For the first half, adjusted EBITDA was $15.0 million (12.3% margin), and free cash flow turned negative, driven by $12.1 million of capital expenditures, mostly for Mexico. The company repaid its 2022 term loan, ended June with $12.1 million of cash, and subsequently arranged new $100 million credit facilities maturing in 2031. Management cites $25.7 million of net new business awards and continues to expect 2026 net sales to be flat to up about 5%, with gross margin in the 17–19% range.
PALOMAKI ERIC reported acquisition or exercise transactions in this Form 4 filing.
CORE MOLDING TECHNOLOGIES INC reported that Chief Executive Officer Eric Palomaki received a grant of 20,000 shares of common stock on June 1, 2026. The award was a one-time promotion grant approved by the Compensation Committee and carried a grant price of $0.00 per share. Following this equity award, Palomaki directly holds 181,760 shares of the company’s common stock.
Core Molding Technologies, Inc. amended and extended its credit agreement, creating a $50 million delayed draw term loan and a $50 million revolving credit facility with maturities extended to 2031. The new covenant-light structure is designed to provide flexibility for growth investments and potential acquisitions.
For the three months ended March 31, 2026, the company reported net income of $605,000 and Adjusted EBITDA of $7.3 million, with Adjusted EBITDA margin of 12.5%. Free cash flow was a deficit of $13.0 million, reflecting negative operating cash flow and higher capital expenditures during the period.
CORE MOLDING TECHNOLOGIES INC executive Alex Joseph Panda, EVP, Treasurer, Secretary and CFO, bought 275 shares of common stock in an open-market purchase at $23.59 per share. Following this transaction, he directly owns 44,590 shares of the company’s common stock.