Earnings Releases·Nov 3, 2026, 9:39 AM ET

Core Molding Technologies — Q3 2026 Earnings Summary

Total net revenues reached $90.2 million, a 54.4% year-over-year increase driven by a surge in Tooling Project revenue to $25.4 million from $4.3 million, though gross margin contracted to 14.8% from 17.4% due to tooling mix and Monterrey commissioning charges.
Net income declined to $1.5 million ($0.17 per share) from $1.9 million ($0.22 per share) in the prior year, while Adjusted net income rose to $2.9 million ($0.33 per share) and Adjusted EBITDA remained flat at $6.4 million.
Full-year 2026 guidance projects net sales flat to up 5% and gross margins between 16% and 17%, with capital spending expected at $28–$30 million including $20 million for Mexico expansion.
Strategic progress includes two 4,500-ton presses in Matamoros on track for year-end, a $50 million credit facility refinancing, and a pipeline of six major projects potentially yielding $50 million in new business awards.
Free cash flow for the first nine months was negative $16.3 million due to $12.2 million in Mexico expansion capital expenditures, while cash balances decreased to $5.4 million from $38.1 million at year-end 2025.