Core Molding reports Q3 adjusted EPS 24c vs 36c last year

Reports Q3 revenue $58.4M vs $72.992M last year. David Duvall, the Company’s President and Chief Executive Officer, and Eric Palomaki, Chief Operating Officer, commented, “While topline challenges persist, we are enthusiastic about Core Molding’s (CMT) Invest for Growth achievements, highlighted by $47 million in new incremental business scheduled to launch over the next two years. These programs reflect a balanced mix of market share gains, wallet-share expansion with existing customers, and new business wins – including key opportunities in SMC and topcoat applications. Our $25 million strategic investments in organic growth are advancing as we expand Core’s Matamoros plant and establish a new greenfield facility in Monterrey, Mexico. These initiatives enhance our ability to serve a major truck customer with superior quality and service, while leveraging DCPD molding and paint capabilities to drive long-term growth.”