Core Molding Technologies Inc
AMEX:CMT
Core Molding Technologies Inc
Core Molding Technologies, Inc. engages in manufacturing of sheet molding compound and molding of fiberglass reinforced plastics. The company is headquartered in Columbus, Ohio and currently employs 1,584 full-time employees. The firm specializes in molded structural products, principally in building products, utilities, transportation and powersports industries across North America and Mexico. The firm operates in one operating segment as a molder of thermoplastic and thermoset structural products. The firm produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, marine, construction, and other commercial markets. The company offers customers a range of manufacturing processes to fit various program volume and investment requirements, which includes Sheet Molding Compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam and structural Web injection molding (SIM). The company operates seven production facilities in three countries, including United States, Canada, and Mexico.
Core Molding Technologies, Inc. engages in manufacturing of sheet molding compound and molding of fiberglass reinforced plastics. The company is headquartered in Columbus, Ohio and currently employs 1,584 full-time employees. The firm specializes in molded structural products, principally in building products, utilities, transportation and powersports industries across North America and Mexico. The firm operates in one operating segment as a molder of thermoplastic and thermoset structural products. The firm produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, marine, construction, and other commercial markets. The company offers customers a range of manufacturing processes to fit various program volume and investment requirements, which includes Sheet Molding Compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam and structural Web injection molding (SIM). The company operates seven production facilities in three countries, including United States, Canada, and Mexico.
Revenue: Q4 revenue was $74.7 million, up 27.8% sequentially and 19.5% year‑over‑year, driven by >$19 million of tooling revenue and strength in powersports, building products and industrial end markets.
Margins & Profitability: Adjusted EBITDA margin for Q4 was 10.2% (adjusted EBITDA $7.6 million); full‑year gross margin was 17.4% (within the 17%–19% target) and Q4 gross margin was 15.2% ($11.3 million).
Cash & Balance Sheet: Operating cash flow for fiscal 2025 was $19.2 million, free cash flow was $1.9 million after $17.3 million of capex; total liquidity was $88.1 million (cash $38.1 million + $50 million revolver availability) and term debt was $19.7 million with debt/EBITDA <1x.
Growth wins & SMC: Invest For Growth produced $63 million of new business wins in 2025 (65% in new markets); SMC channel generated $12 million in Q4 and $21 million for the full year, with ~1/3 launched and the remainder expected in production by end of Q3 2026.
Guidance & Outlook: 2026 sales expected flat to up ~5%; 2026 gross margin expected 17%–19%; sustaining capex $7–10 million, total 2026 capex (including Mexico expansion) $25–30 million; one‑time SG&A ~ $3.5 million ($2.5M Mexico non‑capex, $1M succession).
Leadership transition & Investor day: CEO Dave Duvall will retire end of May with Eric Palomaki succeeding; Duvall will remain as executive advisor through 2027. Investor day planned for September 29–30 (Matamoros facility tour).
