CORE MOLDING TECHNOLOGIES (CMT) Company Report

CEO Dave Duvall will retire in May 2026, with COO Eric Palomaki slated to take over as CEO after an extensive two-year succession development program.
The company reported a strong balance sheet with $43 million in cash and a $23 million net cash position, prioritizing organic growth.
Core Molding Technologies secured $45 million in new wins in 2024 and $47 million year-to-date through Q3 2025, including a $150 million contract with Volvo launching in Q1 2027.
An estimated $10-$12 million CapEx is planned for 2025, with an additional $25 million for Mexico expansion to support new program wins.
Over the next three to five years, the company targets sales greater than $500 million, operating income greater than 8%, and return on capital employed greater than 14%.

Nov 19, 2025, 5:15 PM

Transcript

Core Molding Technologies Announces CEO Succession and Long-Term Growth Strategy

CMT

CEO Change

Guidance Update

New Projects/Investments

Core Molding Technologies' CEO, David Duvall, will retire in May 2026, with COO Eric Palomaki slated to take over after completing a two-year succession development program.
The company has achieved 17-19% gross margins over the last two years, a level historically only seen during truck market peaks, and maintains a strong balance sheet with $43 million in cash and $23 million in net cash.
Despite being in a truck trough in 2025, Core Molding Technologies has visibility to $300 million in sales by 2027 and is prioritizing organic growth with $47 million in new sales wins and $25 million in growth CapEx for Mexico facility expansion. Long-term financial targets for the next three to five years include greater than $500 million in sales, greater than 8% operating income, and greater than 14% return on capital employed.

Nov 19, 2025, 5:15 PM

Transcript

Core Molding Technologies Discusses CEO Succession, Strategic Growth, and Financial Targets

CMT

CEO Change

New Projects/Investments

Guidance Update

Core Molding Technologies announced that CEO David Duvall will retire in May 2026, with COO Eric Palomaki slated to succeed him.
The company has secured $92 million in new sales wins through Q3 2025, with $72 million being incremental, and anticipates sustainable new wins of $50 million per year.
CMT is investing $25 million in growth CapEx to expand its Mexico operations, primarily to support a new $150 million Volvo contract launching in Q1 2027.
The company reported a strong balance sheet with $43 million in cash and $23 million in net cash, and has achieved 17%-19% gross margins over the last two years.
Long-term financial targets for the next three to five years include achieving greater than $500 million in sales, an operating income exceeding 8%, and a return on capital employed greater than 14%.

Nov 19, 2025, 5:15 PM

Transcript

Core Molding Technologies, Inc. Provides Investor Presentation with Q3 2025 TTM Financials and Growth Outlook

CMT

New Projects/Investments

Share Buyback

Demand Weakening

Core Molding Technologies, Inc. reported $262 million in Total Sales and $28.8 million in Adjusted EBITDA for the trailing twelve months ended September 2025, achieving a gross margin of 17.6%.
As of September 2025, the company held a cash balance of $42.4 million and has an authorized $7.5 million share repurchase program, with approximately $5.7 million repurchased in 2024-2025.
The company secured a $150 million contract for Volvo roofs, with production scheduled to commence in Q1 2027, and is investing $25 million in facility expansions in Matamoros and Monterrey to support future growth.
Despite an economic slowdown reducing customer demand in 2025 and a challenging Class 8 truck market, Core Molding Technologies aims for long-term financial targets of over $500 million in revenues and 14%-16% Return on Capital Employed within three to five years.

Nov 17, 2025, 10:11 PM

8-K

Core Molding Technologies Reports Q3 2025 Results and Updates Full-Year Guidance

CMT

Earnings

Guidance Update

New Projects/Investments

Core Molding Technologies reported net sales of $58.4 million for Q3 2025, a 19.9% decrease compared to the prior year, resulting in net income of $1.9 million or $0.22 per diluted share.
The company updated its 2025 full-year sales guidance, expecting a 10% to 12% year-over-year decline.
Strategic initiatives are advancing with $47 million in new incremental business scheduled to launch over the next two years, supported by $25 million in investments for plant expansion and a new facility in Mexico.
As of September 30, 2025, the company reported total liquidity of $92.4 million, including $42.4 million in cash, and its term debt-to-trailing twelve months Adjusted EBITDA was less than one times.

Nov 4, 2025, 1:38 PM

8-K

Core Molding Technologies, Inc. Files Q2 2025 8-K with Investor Presentation

CMT

Earnings

New Projects/Investments

Share Buyback

Core Molding Technologies, Inc. filed an 8-K on August 25, 2025, to furnish its investor presentation for the Midwest IDEAS Conference.
For the 12 months ended June 30, 2025, the company reported $30.2 million in Adjusted EBITDA and held a cash balance of $43.2 million as of June 2025, with zero net debt.
The company is investing $25 million over the next 18 months for growth, including expanding its Matamoros facility to support a $150 million contract for Volvo roofs.
Core Molding Technologies has a $7.5 million share repurchase program in place, having repurchased approximately 324,000 shares at $16.03 per share in 2024-2025.
Long-term financial goals (3-5 years) include achieving revenues >$500 million, operating income of 8%-10%, and Return on Capital Employed of 14%-16%.

Aug 25, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for CORE MOLDING TECHNOLOGIES.

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