Core Molding ( (CMT) ) has released its Q3 earnings. Here is a breakdown of the information Core Molding presented to its investors.
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Core Molding Technologies is a leading engineered materials company specializing in molded structural products, serving industries such as building products, industrial utilities, and transportation across North America.
In its fiscal 2025 third quarter earnings report, Core Molding Technologies announced a decline in sales but highlighted strategic investments and operational improvements. The company is focusing on growth initiatives, including expanding its facilities in Mexico.
The company’s third-quarter net sales decreased by 19.9% to $58.4 million, with a gross margin of 17.4%. Despite the sales decline, Core Molding maintained solid margins and a strong balance sheet. The company reported a net income of $1.9 million, or $0.22 per diluted share, and an adjusted EBITDA of $6.4 million.
Core Molding’s strategic investments include a $25 million plan to expand its Matamoros plant and establish a new facility in Monterrey, Mexico. These investments aim to enhance service quality and leverage new molding capabilities for long-term growth.
Looking ahead, Core Molding Technologies is well-positioned to capitalize on organic growth opportunities, despite expecting a 10% to 12% decline in full-year sales for 2025. The company’s management remains optimistic about accelerating new program launches in 2026.