CORE MOLDING TECHNOLOGIES INC CMT
DESCRIPTION OF BUSINESS OF CORE MOLDING TECHNOLOGIES, INC.
Core Molding Technologies, Inc. (the "Company") and its subsidiaries operate in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. The Company produces and sells molded products for varied markets, including medium and heavy-duty trucks, power sports, building products and other industrial markets. Core Molding Technologies has its headquarters in Columbus, Ohio, and operates six production facilities in the United States, Canada and Mexico.
In general, the Company achieves product growth and diversification in several different ways, including: (1) resourcing of existing structural products from another supplier by an original equipment manufacturer ("OEM"); (2) obtaining new structural products through a selection process in which an OEM solicits bids; (3) successful marketing of structural products for previously non-structural applications; (4) successful marketing of structural products to OEMs outside of our traditional markets; (5) developing of new materials, technology and processes to meet current or prospective customer requirements; (6) converting alternative materials to engineered materials; (7) expanding its business through the direct sale of engineered materials, including Sheet Molding Compound ("SMC"); and (8) acquiring an existing business. The Company's efforts continue to be directed towards all seven of those identified areas.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $273.8M | $302.4M | $357.7M | $377.4M | $307.5M | $222.4M | $284.3M | $269.5M | $161.7M | $174.9M |
| Cost of revenue | $226.2M | $249.1M | $293.2M | $325.0M | $266.1M | $187.9M | $262.8M | $242.3M | $137.0M | $147.0M |
| Gross profit | $47.6M | $53.3M | $64.5M | $52.4M | $41.3M | $34.5M | $21.5M | $27.1M | $24.6M | $27.9M |
| R&D | $1.4M | $1.9M | $1.7M | $1.6M | $1.3M | $1.2M | $1.2M | $1.0M | $848.0K | $965.0K |
| SG&A | $33.4M | $36.6M | $38.0M | $34.4M | $30.3M | $24.1M | $28.9M | $27.8M | $16.7M | $16.4M |
| Total operating expenses | — | — | — | — | $30.3M | $24.1M | $33.0M | $30.2M | — | — |
| Operating income | $14.2M | $16.7M | $26.5M | $18.0M | $11.1M | $10.4M | -$11.5M | -$3.1M | $7.9M | $11.5M |
| Interest expense | $1.0K | $193.0K | $1.0M | $2.0M | $2.3M | $5.9M | $4.1M | $2.4M | $245.0K | $298.0K |
| Pre-tax income | $14.7M | $17.5M | $25.7M | $14.6M | $8.9M | $4.5M | -$15.6M | -$5.4M | $7.7M | $11.2M |
| Income tax | $3.5M | $4.2M | $5.4M | $2.4M | $4.2M | $3.6M | $355.0K | $664.0K | $2.3M | $3.8M |
| Net income | $11.2M | $13.3M | $20.3M | $12.2M | $4.7M | $8.2M | -$15.2M | -$4.8M | $5.5M | $7.4M |
| EPS, basic | 1.31 | 1.53 | 2.37 | 1.44 | 0.55 | 0.98 | -1.94 | -0.62 | 0.71 | 0.97 |
| EPS, diluted | 1.29 | 1.51 | 2.31 | 1.44 | 0.55 | 0.98 | -1.94 | -0.62 | 0.70 | 0.97 |
| Shares, diluted (wtd. avg.) | 8.7M | 8.8M | 8.8M | 8.4M | 8.1M | 7.9M | 7.8M | 7.8M | 7.7M | 7.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $38.1M | $41.8M | $24.1M | $4.2M | $6.1M | $4.1M | $1.9M | $1.9M | $26.8M | $28.3M |
| Receivables | $30.8M | $30.1M | $41.7M | $44.3M | $35.3M | $27.6M | $32.4M | $45.5M | $19.8M | $19.6M |
| Inventory | $19.7M | $18.3M | $22.1M | $23.9M | $25.1M | $18.4M | $21.7M | $25.8M | $13.5M | $10.9M |
| Total current assets | $103.3M | $102.9M | $102.9M | $80.7M | $75.1M | $56.5M | $61.2M | $80.3M | $65.0M | $59.9M |
| Property, plant and equipment | $86.9M | $80.8M | $81.2M | $83.3M | $75.9M | $74.1M | $79.2M | $80.7M | $68.6M | $70.6M |
| Goodwill | $17.4M | $17.4M | $17.4M | $17.4M | $17.4M | $17.4M | $17.4M | $21.5M | $2.4M | $2.4M |
| Other intangibles | $3.5M | $4.4M | $6.0M | $7.6M | $9.6M | $11.5M | $13.5M | $15.4M | $513.0K | $563.0K |
| Total assets | $228.1M | $209.6M | $213.4M | $198.6M | $186.7M | $165.5M | $179.3M | $201.2M | $138.6M | $133.5M |
| Accounts payable | $14.9M | $17.1M | $24.0M | $29.6M | $22.7M | $17.0M | $19.9M | $25.4M | $13.8M | $8.5M |
| Short-term debt | $2.1M | $1.8M | $1.5M | $1.2M | $3.9M | $2.5M | $49.5M | $3.2M | $3.0M | $3.0M |
| Total current liabilities | $34.2M | $36.7M | $46.2M | $50.8M | $53.1M | $36.0M | $83.8M | $40.2M | $24.6M | $21.3M |
| Long-term debt | $17.6M | $19.7M | $21.5M | $23.0M | $21.3M | $25.2M | $0 | $55.2M | $3.8M | $6.8M |
| Total liabilities | $70.0M | $62.2M | $74.4M | $82.5M | $86.6M | $71.6M | $94.9M | $102.3M | $36.7M | $36.7M |
| Retained earnings | $146.6M | $135.4M | $122.1M | $101.7M | $89.5M | $84.9M | $76.7M | $91.9M | $96.4M | $91.9M |
| Total equity | $158.2M | $147.4M | $139.0M | $116.1M | $100.1M | $93.9M | $84.4M | $98.9M | $103.0M | $96.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.2M | $35.2M | $34.8M | $19.0M | $12.5M | $28.2M | $16.7M | -$6.5M | $6.9M | $26.1M |
| Depreciation and amortisation | $12.3M | $13.4M | $12.9M | $11.9M | $11.6M | $11.7M | $10.4M | $9.4M | $6.2M | $6.3M |
| Stock-based compensation | $1.8M | $2.5M | $2.9M | $2.3M | $1.9M | $1.4M | $1.6M | $1.7M | $1.3M | $1.0M |
| Capital expenditure | $17.3M | $11.5M | $9.1M | $16.6M | $11.6M | $3.7M | $7.5M | $5.8M | $4.3M | $2.9M |
| Investing cash flow | -$17.3M | -$11.5M | -$9.1M | -$16.6M | -$11.4M | -$3.7M | -$7.5M | -$68.8M | -$4.3M | -$2.9M |
| Financing cash flow | -$5.7M | -$5.9M | -$5.8M | -$4.4M | $884.0K | -$22.2M | -$9.3M | $50.4M | -$4.2M | -$3.9M |
| Dividends paid | — | — | — | — | — | $0 | $0 | $792.0K | $786.0K | $0 |
| Buybacks | $3.2M | $2.9M | $0 | $0 | $96.0K | $20.0K | $98.0K | $250.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001026655-26-000019.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $174.9M | $161.7M | $269.5M | $284.3M | $222.4M | $307.5M | $377.4M | $357.7M | $302.4M | $273.8M |
| Gross profit | $27.9M | $24.6M | $27.1M | $21.5M | $34.5M | $41.3M | $52.4M | $64.5M | $53.3M | $47.6M |
| Net income | $7.4M | $5.5M | -$4.8M | -$15.2M | $8.2M | $4.7M | $12.2M | $20.3M | $13.3M | $11.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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