Core Molding Technologies, Inc. (CMT) SEC Filings & Earnings Calls
EquiReason read 22 Core Molding Technologies, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-09-28 — Filing contains only an exhibit list with a COO Promotion Announcement. No substantive body text provided..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 204.7M
- P/E TTM
- 26.9
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 3 Nov, in 10 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
4 Aug 20268-K · 2.02Production revenue $61M (-1% y/y); Tooling Project revenue $2M; Gross margin 20.3; Guidance: Net sales flat to +5% growth; gross margin 17-19%earningsopen
Figures in the filing · each found in the filing text
| Production revenue · Q2-2026 | $61M | -1% y/y |
| Tooling Project revenue · Q2-2026 | $2M | |
| Gross margin · Q2-2026 | 20.3% | |
| Net income · Q2-2026 | $2M | |
| Adjusted EBITDA · Q2-2026 | $8M | |
| New business awards · H1-2026 | $26M |
Guidance
Net sales flat to +5% growth; gross margin 17-19%
Guidance reaffirmed with gross margin above prior range; truck recovery expected in H2; strong new business pipeline supports growth.
Risks flagged
Truck market softness persists, but is being offset by diversification.
“production sales in our medium- and heavy-duty truck markets remained soft” · word for word
Non-recurring costs from Mexico expansion and severance impacted SG&A.
“Second quarter 2026 SG&A expenses included $1.8 million of non-recurring costs associated with the Mexico expansion and severance costs” · word for word
4 Aug 202610-QCore Molding Technologies reported Q2 2026 results with total revenue down 20.8% YoY and net income down 56% YoY, driven by a sharp decline in tooling project revenue and lower sales to major truck customers.earningsopen
Figures in the filing · each found in the filing text
| Total net revenue · Q2-2026 | $63M | -21% y/y |
| Net income · Q2-2026 | $2M | -56% y/y |
| Gross margin · Q2-2026 | $13M | -11% y/y |
| Operating cash flow · H1-2026 | $7M | -26% y/y |
| Free cash flow · H1-2026 | $-5M |
Risks flagged
Customer concentration risk
“The Company had three major customers during the six months ended June 30, 2026, BRP, Inc., International Motors, LLC, and PACCAR, Inc. The loss of a significant portion of revenue to these customers could have a material adverse effect on the Company.” · word for word
Revenue volatility from tooling projects
“Net tooling project revenue $1,839k vs $17,606k (Q2 2026 vs Q2 2025)”
Liquidity risk from high capex
“Cash and cash equivalents at end of period $12,134k vs $38,058k (June 30, 2026 vs Dec 31, 2025)” · word for word
4 Jun 20268-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
Leadership transition risk; CEO retirement may signal strategic shift or succession uncertainty.
“Director resignation tied to CEO retirement; no successor details provided.”
19 May 20268-K · 5.02Monthly advisory fee $50,000.00open
Figures in the filing · each found in the filing text
| Monthly advisory fee | $50000.00 |
7 May 20268-K · 2.02Total net sales $59M (-5% y/y); Gross margin 20.4; Net income $600,000.00 (-73% y/y); Guidance: 2026 sales flat to up 5% YoYearningsopen
Figures in the filing · each found in the filing text
| Total net sales · Q1-2026 | $59M | -5% y/y |
| Gross margin · Q1-2026 | 20.4% | |
| Net income · Q1-2026 | $600000.00 | -73% y/y |
| Adjusted EBITDA · Q1-2026 | $7M | +1% y/y |
| New business wins · Q1-2026 | $17M |
Guidance
2026 sales flat to up 5% YoY
Reaffirmed full-year guidance with expectations of truck cycle recovery in H2. Margin expansion and new wins positive.
Risks flagged
Truck down cycle expected to persist through H1 2026, pressuring sales.
“the heavy- and medium-duty truck market remains in a down cycle, and we expect this to persist through the first half of 2026” · word for word
Mexico expansion costs and succession plan costs increased SG&A.
“Excluding succession plan costs of $0.9 million and Mexico expansion related expense of $2.1 million” · word for word
7 May 202610-QNet Sales $59M (-5% y/y); Net Income $605,000.00 (-72% y/y); Operating Cash Flow $-9Mopen
Figures in the filing · each found in the filing text
| Net Sales · Q1-2026 | $59M | -5% y/y |
| Net Income · Q1-2026 | $605000.00 | -72% y/y |
| Operating Cash Flow · Q1-2026 | $-9M | |
| BRP Sales · BRP · Q1-2026 | $14M | +101% y/y |
| PACCAR Sales · PACCAR · Q1-2026 | $7M | -17% y/y |
| International Sales · International · Q1-2026 | $9M | -13% y/y |
Risks flagged
Customer concentration risk
“The Company had three major customers during the three months ended March 31, 2026, BRP, Inc., International Motors, LLC, and PACCAR, Inc. The loss of a significant portion of sales to these customers could have a material adverse effect on the Company.” · word for word
Operating cash flow negative
“Net cash provided by operating activities (9,229) 6,099” · word for word
Declining sales to key customers
“PACCAR product sales $7,495 $8,933; International product sales $9,424 $10,888”
6 Apr 2026DEF 14AProxy statement discloses planned CEO retirement and succession, with Eric Palomaki to become CEO on June 1, 2026open
Figures in the filing · each found in the filing text
| Net sales · FY2025 | $274M | -10% y/y |
| Net income · FY2025 | $11M | -16% y/y |
| Earnings per share · FY2025 | $1.29 | -15% y/y |
| EBIT · FY2025 | $14M | -15% y/y |
| Cash flows from operations · FY2025 | $19M | -46% y/y |
| Return on capital employed · FY2025 | 8.0% | |
| Liquidity · 2025-12-31 | $88M | |
| Debt to trailing 12 months adjusted EBITDA · 2025-12-31 | $0.64 | |
| Incremental business wins (annual run rate) · FY2025 | $63M | |
| Total Shareholder Return · 2018-2025 | 224.0% |
Risks flagged
Customer demand concentration in cyclical truck market
“Despite a greater-than-anticipated slowdown in customer demand during 2025, driven primarily by declining medium- and heavy-duty truck production” · word for word
CEO transition execution risk
“As previously announced, Dave Duvall President and CEO, is going to retire at the end of May this year. ... As previously announced Eric Palomaki, currently COO, will assume the role of CEO on June 1, 2026.” · word for word
Underperformance against incentive targets
“The Company underachieved its targeted adjusted EBIT before STIP by $6.8 million or 31% and its Operating Cash Flows target by $6.8 million, or 26%. As a result, the Company's STIP payout was 0% of targeted amounts.” · word for word
11 Mar 20268-K · 8.01Core Molding Technologies increased its stock repurchase program by $6.5M, bringing total authority to $7.5M.open
Figures in the filing · each found in the filing text
| Stock repurchase program increase · Q1-2026 | $7M | |
| Total repurchase authority · Q1-2026 | $8M |
10 Mar 202610-KNet sales $274M (-10% y/y); Net income $11M (-16% y/y); Gross margin 17.4; Guidance: FY2026 revenue +0-5% vs FY2025open
Figures in the filing · each found in the filing text
| Net sales · FY2025 | $274M | -10% y/y |
| Net income · FY2025 | $11M | -16% y/y |
| Gross margin · FY2025 | 17.4% | |
| Product sales - Medium and heavy-duty truck · Medium and heavy-duty truck · FY2025 | $101M | -38% y/y |
| Product sales - Power sports · Power sports · FY2025 | $63M | -7% y/y |
| Product sales - Building products · Building products · FY2025 | $23M | +32% y/y |
| Product sales - Industrial and utilities · Industrial and utilities · FY2025 | $23M | +20% y/y |
| Operating cash flow · FY2025 | $19M | |
| Free cash flow · FY2025 | $2M |
Guidance
FY2026 revenue +0-5% vs FY2025
2026 revenue guided +0-5%, with H2 > H1. Capex $25-30M, including Mexico expansion. One-time costs of $3.5M in H1 2026.
Risks flagged
Truck market concentration
“The Company's largest market, North American truck, which is highly cyclical, accounted for 44%, 56%, and 52% of the Company’s product revenue for the years ended December 31, 2025, 2024, and 2023, respectively.” · word for word
Volvo program transition risk
“transitioning the Company's business with Volvo from existing programs that the Company currently supplies to new programs that the Company does not support” · word for word
Mexico expansion execution risk
“the Company expects to incur incremental one-time costs of approximately $2,500,000 in connection with the Mexico Expansion Project” · word for word
10 Mar 20268-K · 2.02Net Sales $274M (-10% y/y); Product Sales $232M (-20% y/y); Gross Margin 17.4; Guidance: FY2026 total sales flat to up ~5%earningsopen
Figures in the filing · each found in the filing text
| Net Sales · FY2025 | $274M | -10% y/y |
| Product Sales · FY2025 | $232M | -20% y/y |
| Gross Margin · FY2025 | 17.4% | |
| Adjusted EBITDA · FY2025 | $31M | -9% y/y |
| Net Income · FY2025 | $11M | -16% y/y |
| Operating Cash Flow · FY2025 | $19M | |
| Capital Expenditures · FY2025 | $17M | |
| Business Wins · FY2025 | $63M | |
| Total Liquidity · FY2025 | $88M | |
| Term Debt · FY2025 | $20M |
Guidance
FY2026 total sales flat to up ~5%
FY2026 guidance: flat to +5% sales growth; capex increase for Mexico expansion; positive tone on long-term growth.
Risks flagged
Truck sector weakness impacting product sales.
“Truck sector, which represents 44% of Core’s product sales, experienced weakness.” · word for word
Execution risk on Mexico expansion projects.
“Expanding Matamoros facility and bringing planned Monterrey plant online—on time and on budget.”
17 Feb 20268-K · 1.01Amendment to credit agreement redefines sustaining capex cap ($10M) and modifies fixed charge coverage ratio; no new borrowing or refinancing.open
Risks flagged
Covenant compliance risk: amendment tightens definitions; sustaining capex cap and lease limit may constrain operations.
“Sustaining capital expenditures capped at $10M; operating lease payments limited to $5M per fiscal year.”
17 Nov 20258-K · 7.01Total Sales $262M; Adjusted EBITDA $29M; Gross Margin 17.6open
Figures in the filing · each found in the filing text
| Total Sales · TTM Sep 2025 | $262M | |
| Adjusted EBITDA · TTM Sep 2025 | $29M | |
| Gross Margin · TTM Sep 2025 | 17.6% | |
| Employees · 2025-11-01 | 1,570 |
Risks flagged
No new risk signals; filing is a routine investor presentation.
4 Nov 202510-QCore Molding Technologies reported a significant decline in Q3 2025 revenue and net income, driven by sharp drops in sales to heavy-duty truck OEMs.earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q3-2025 | $58M | -20% y/y |
| Net income · Q3-2025 | $2M | -41% y/y |
| Gross margin · Q3-2025 | $10M | -18% y/y |
| Operating cash flow · 9M-2025 | $14M | -53% y/y |
| Free cash flow · 9M-2025 | $5M | -79% y/y |
| Cash and cash equivalents · 2025-09-30 | $42M |
Risks flagged
Customer concentration risk
“The Company had five major customers during the nine months ended September 30, 2025... The loss of a significant portion of sales to these customers could have a material adverse effect on the Company.” · word for word
Heavy-duty truck demand cyclicality
“Volvo sales decreased from $10,262k to $1,164k; PACCAR from $8,748k to $5,611k; International from $17,724k to $8,973k Q3 2024 to Q3 2025.”
Tooling revenue volatility
“Tooling sales increased from $1,734k to $4,257k Q3 2024 to Q3 2025, but are project-based and non-recurring.”
4 Nov 20258-K · 2.02Net sales $58M (-20% y/y); Gross margin 17.4; Net income $2M (-41% y/y); Guidance: Full-year sales down 10% to 12% YoYearningsopen
Figures in the filing · each found in the filing text
| Net sales · Q3-2025 | $58M | -20% y/y |
| Gross margin · Q3-2025 | 17.4% | |
| Net income · Q3-2025 | $2M | -41% y/y |
| Adjusted EBITDA · Q3-2025 | $6M | -15% y/y |
| Capital expenditures · 9M-2025 | $9M | |
| Liquidity · Q3-2025 | $92M | |
| Diluted EPS · Q3-2025 | $0.22 | -39% y/y |
| Adjusted net income · Q3-2025 | $2M | |
| Return on Capital Employed · TTM | 6.5% | |
| Shares repurchased · 9M-2025 | 151,584 |
Guidance
Full-year sales down 10% to 12% YoY
Full-year sales guidance cut to down 10-12% YoY due to truck demand weakness, but margins stable and backlog strong with $47M new business wins.
Risks flagged
Persistent demand weakness in truck segment and Volvo transition continue to pressure sales.
“Similar to the first half of 2025, the majority of the third quarter’s sales declines resulted from the known Volvo Transition and persistently lower demand in truck.” · word for word
Core Molding Technologies, Inc. — questions
- What did Core Molding Technologies, Inc. file recently?
- 22 SEC filings in the last 12 months. Latest: 8-K on 2026-09-28 — Filing contains only an exhibit list with a COO Promotion Announcement. No substantive body text provided.
Every figure on this page comes from Core Molding Technologies, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.