Earnings ·
Core Molding Technologies reported second quarter fiscal 2026 results with total net revenues of $62.7 million, a…
CMTCore Molding Technologies Inc
Core Molding Technologies reported second quarter fiscal 2026 results with total net revenues of $62.7 million, a decline from $79.2 million in the prior year period. Production revenue fell 1.2% to $60.9 million due to softness in medium- and heavy-duty truck markets, though excluding that vertical, production sales grew 20.8%. Net income was $1.8 million ($0.21 diluted EPS), down from $4.1 million ($0.47 diluted EPS) a year ago, driven by higher SG&A expenses including $1.8 million in non-recurring Mexico expansion and severance costs. The company secured $25.7 million in new business wins during the first half of 2026. Financially, Core Molding repaid its remaining term loan balance and amended credit facilities to provide a $100 million aggregate facility maturing in July 2031. For full-year 2026, management expects total net sales growth of flat to approximately 5% and gross margins between 17% and 19%. Core Molding Technologies operates as an engineered materials company specializing in molded structural products for truck, powersports, building products, and industrial markets.