Core Molding Technologies

Core Molding Technologies reported Q2 production sales down 1.2% year over year as a 23% decline in truck-related sales offset double-digit growth in building products and gains in powersports. Gross margin rose to 20.3% and adjusted EBITDA margin held at 12.2% while operating income and net income declined to $2.3 million and $1.8 million, respectively. Management reiterated full-year sales guidance of flat to about 5% growth, expects truck sales to recover in H2, and highlighted nearly $26 million of new business wins in H1 with Mexico capacity investments to support further growth. The company ended the quarter with $12.1 million cash, no debt, increased credit capacity to $100 million, and remains on track for $50 million in annual new awards. » More on finance.yahoo.com

Shareholders of Core Molding Technologies voted in favor of all four proposals presented at the annual meeting; all seven nominated directors were elected and Crowe LLP was ratified as auditor. For the first quarter of 2026 the company reported EPS of $0.37, beating the estimate of $0.30, while revenue of $58.6 million missed the expected $64.18 million. » More on de.investing.com

Core Molding reported Q1 2026 earnings per share of $0.37 (expectation $0.30), while revenue of $58.6 million missed the $64.18 million forecast. Gross margin rose to 20.4%, marking the best quarter in over a decade; the Powersports segment grew 45.7%. The stock rose 5.99% in premarket trading. Management reaffirmed full-year gross margin guidance of 17–19% and expects tooling revenue in Q4, but warned of continued truck weakness and rising SG&A costs. » More on de.investing.com