Core Molding Technologies Inc

Core Molding Technologies Inc(CMT)のニュースとイベント

$21.113

-0.046 (-0.22%)終値時点

CMT のニュース

CMT のイベント

9/28 08:30

Core Molding Technologies Promotes Michael Gayford to COO

Core Molding Technologies announced the promotion of Michael Gayford to Chief Operating Officer, COO, effective immediately. In his expanded role, Gayford will assume operational responsibility for the Company's North American operations, and Arnold Alanis, Executive Vice President of Operations in Mexico, will report to him.

3/12 16:40

Core Molding Authorizes Stock Repurchase Program Up to $7.5M

Core Molding announced that its board authorized a stock repurchase program of up to $7.5M of the company's issued and outstanding common stock, par value $1.00 per share.

3/10 08:10

Core Revenues Decline 9.5% in FY2025, 2026 Sales Expected Flat to Up 5%

Alex Panda, CFO, commented, "As expected, fiscal 2025 revenues declined 9.5%, primarily due to weakness in the Truck sector, which represents 44% of Core's product sales. Gross margins of 17.4%, within our previously communicated range, reflected stability despite lower volumes and operating leverage pressure. By maintaining margins within our long-term 17% to 19% target range and managing SG&A tightly, we generated strong operating cash flows of over $19 million for the year. Looking ahead, we anticipate total sales for 2026 to be flat to up approximately 5%, when compared to 2025. This is primarily driven by our SMC compound wins, which will start production by the end of third quarter of 2026 and our expectation that the Truck cycle will begin to recover in the second half of 2026 with momentum continuing through 2027."

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