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Core Molding Technologies Inc   (CMT)
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Price: $16.3000 $-0.37 -2.220%
Day's High: $16.51 Week Perf: -1.87 %
Day's Low: $ 16.10 30 Day Perf: -17.55 %
Volume (M): 28 52 Wk High: $ 30.09
Volume (M$): $ 456 52 Wk Avg: $21.00
Open: $16.40 52 Wk Low: $16.00



 Market Capitalization (Millions $) 142
 Shares Outstanding (Millions) 9
 Employees 1,247
 Revenues (TTM) (Millions $) 335
 Net Income (TTM) (Millions $) 18
 Cash Flow (TTM) (Millions $) 22
 Capital Exp. (TTM) (Millions $) 9

Core Molding Technologies Inc

Core Molding Technologies and its subsidiaries operate in the plastics market in a family of products known as “reinforced plastics.” Reinforced plastics are combinations of resins and reinforcing fibers (typically glass or carbon) that are molded to shape. Core Molding Technologies is a manufacturer of sheet molding compound ("SMC") and molder of fiberglass reinforced plastics. The Company specializes in large-format moldings and offers a wide range of fiberglass processes, including compression molding of SMC, glass mat thermoplastics ("GMT"), bulk molding compounds ("BMC") and D-LFT; spray-up, hand-lay-up, and resin transfer molding ("RTM"). Additionally, the Company offers reaction injection molding ("RIM"), utilizing dicyclopentadiene technology.

Reinforced plastics compete largely against metals and have the strength to function well during prolonged use. Management believes that reinforced plastic components offer many advantages over metals, including:

•heat resistance;
•corrosion resistance;
•lighter weight;
•lower cost;
•greater flexibility in product design;
•part consolidation for multiple piece assemblies;
•lower initial tooling costs for lower volume applications;
•high strength-to-weight ratio; and
•dent-resistance in comparison to steel or aluminum.

The largest markets for reinforced plastics are transportation (automotive and truck), agriculture, construction, marine, and industrial applications. The Company currently operates five production facilities in Columbus, Ohio; Batavia, Ohio; Gaffney, South Carolina; Winona, Minnesota; and Matamoros, Mexico, which produce reinforced plastic products. Our manufacturing facilities utilize various production processes; however, end products are similar and are not unique to a facility or customer base.

Operating decision makers (officers of the Company) are headquartered in Columbus, Ohio and oversee all manufacturing operations for all products as well as oversee customer relationships with all customers. The Company supplies reinforced plastic products to truck manufacturers, automotive suppliers, and manufacturers of marine and other commercial products. In general, product growth and diversification are achieved in several different ways: (1) resourcing of existing reinforced plastic product from another supplier by an original equipment manufacturer (“OEM”); (2) obtaining new reinforced plastic products through a selection process in which an OEM solicits bids; (3) successful marketing of reinforced plastic products for previously non-reinforced plastic applications; (4) successful marketing of reinforced plastic products to OEMs outside of our traditional markets; (5) development of new materials, technology and processes to meet current or prospective customer requirements; and (6) acquiring an existing business. The Companys efforts continue to be directed towards all six areas.

 



   Company Address: 800 Manor Park Drive Columbus 43228 OH
   Company Phone Number: 870-5000   Stock Exchange / Ticker: NYSEAMER CMT
   


Customers Net Income fell by CMT's Customers Net Profit Margin fell to

-17.47 %

6.26 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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AVNT   -2.63%    
NX   -4.93%    
PAYM   -4.93%    
PRLB   -4.27%    
UFPT        0.45% 
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Core Molding Technologies Inc

Core Molding Technologies Inc. Reports Significant Decline in EPS for Q1 2024

Core Molding Technologies Inc. (NYSE American: CMT), a leading engineered materials company specializing in molded structural products, recently announced its financial and operating results for the three months ending March 31, 2024. With the company reporting a decrease in EPS and revenue, as well as a decline in net profits, investors may be concerned about its future performance.
For the financial time-frame ending March 31, 2024, Core Molding Technologies Inc. experienced a significant drop in EPS of -34.85%, falling from $0.66 per share to $0.43 per share compared to the previous year. However, the company did see a substantial increase in EPS from the preceding reporting season, with an 84.49% surge from $0.23 per share.

Core Molding Technologies Inc

Core Molding Technologies Inc Takes Strategic Measures to Drive Shareholder Value

Core Molding Technologies Inc, a leading engineered materials company, has recently announced the approval of a stock repurchase program as it seeks to enhance shareholder value and strengthen its financial position. The company, which primarily focuses on molded structural products in various industries, including building, industrial, truck, and powersports, is confident in its growth prospects and committed to delivering long-term value to shareholders.
The stock repurchase program, approved by Core's Board of Directors, allows the company to repurchase up to $7.5 million of its issued and outstanding common stock, with each share valued at $1.00. This move reflects the company's confidence in its financial strength and future prospects.

Shares

Core Molding Technologies' $7.5 Million Stock Repurchase Program: A Strategic Move to Enhance Shareholder Value

Published Mon, Mar 11 2024 12:00 PM UTC



Core Molding Technologies, Inc. (Core), a prominent engineered materials company in the United States, Canada, and Mexico, has recently announced the approval of a stock repurchase program. With a focus on molded structural products primarily in building, industrial, truck, and powersports industries, Core Molding Technologies aims to enhance shareholder value and ...

Core Molding Technologies Inc

Core Molding Technologies Inc Shines with Impressive EPS Surge Despite Sales Challenges

Core Molding Technologies Inc, a leading manufacturer of engineered plastics, has reported impressive financial results for the third quarter of 2023, despite facing some challenges. The company's earnings per share (EPS) more than doubled by an astonishing 206.25% to $0.49 per share, compared to the same period last year.
However, Core Molding Technologies Inc did experience a decline in revenue of -15.086% to $86.28 million, year on year. This decrease may be concerning for investors, as it indicates a potential slowdown in demand for the company's products. From the previous quarter, profit also took a significant hit with a plummet of -46.15% from $0.91 per share. Revenue deteriorated by -11.566% from $97.56 million during the same period.

Core Molding Technologies Inc

Core Molding Technologies Inc Achieves Phenomenal 250% Profit Increase Amidst Declining Revenue in Q2 2023



Core Molding Technologies Inc, a leading provider of customizable molding solutions, recently released its financial results for the interval ending June 30, 2023. Despite a decline in revenue, the company managed to enhance its earnings per share and net profit per share significantly. This article aims to delve into the financial figures and contextualize them in terms of the company's overall performance.
Financial Results:
In the financial interval ending June 30, 2023, Core Molding Technologies Inc witnessed a remarkable 250% increase in net profit per share, reaching $0.91 per share. This growth is particularly noteworthy as it occurred while revenue declined by -1.188% year on year, amounting to $97.56 million. Comparatively, in the preceding quarter, profitability rose from $0.66 per share, while revenue decreased by -1.955% to $99.51 million.






 

Core Molding Technologies Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Core Molding Technologies Inc does not provide revenue guidance.

Earnings Outlook
Core Molding Technologies Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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