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Core Molding Technologies (CMT) investor relations material
Core Molding Technologies Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 saw $17M in new business wins, strong execution on growth strategy, and best gross margin in over a decade, despite a 4.7% sales decline due to truck market weakness, partially offset by robust Powersports and new product category growth.
Leadership transition underway, with COO role split and Erik Palomaki becoming CEO; succession plan costs impacted results.
Mexico expansion progressing ahead of schedule, with major investments and facility consolidation expected by end of Q2.
Business development pipeline exceeds $220M, targeting $50M in new program awards for 2026 and a long-term revenue goal of $500M.
Powersports market delivered 46% year-over-year revenue growth, marking the third consecutive quarter of growth.
Financial highlights
Q1 revenues were $58.6M, down 4.7% year-over-year, mainly due to truck cycle dynamics; product sales were $57.5M, tooling sales $1.1M.
Gross margin reached 20.4% ($12M), up from 19.2% year-over-year and 15.2% sequentially.
Operating income was $764K (1.3% margin), down from $2.8M, reflecting higher SG&A from Mexico expansion and succession costs.
Net income was $605K ($0.07 per diluted share), down from $2.2M ($0.25 per share); adjusted net income was $3.2M ($0.37 per share).
Adjusted EBITDA was $7.3M (12.5% of sales), up from $7.2M (11.7%) year-over-year.
Operating cash flow was negative $9.2M, with capital expenditures of $3.8M and negative free cash flow of $13M, in line with investment plans.
Outlook and guidance
Full-year 2026 sales expected to be flat to up 5%, with tooling revenue weighted to Q4 and truck market recovery anticipated in H2.
Gross margin guidance reaffirmed at 17%-19% for the year.
Capital expenditures for 2026 projected at $25M-$30M, with $18M-$20M for Mexico growth.
Anticipates $3M in one-time Mexico expansion costs and $2M in succession plan costs, mainly in H1 2026.
Expecting $50M in new program awards in 2026 and long-term revenue target of $500M.
- Transformation and innovation drive growth, robust financials, and market leadership.CMT
16th Annual Midwest Ideas Conference7 May 2026 - Q4 revenue up 19.5%, FY2025 down 9.5%; new business and Mexico expansion drive 2026 outlook.CMT
Q4 202530 Apr 2026 - Proxy details director elections, compensation, equity plan, auditor ratification, and ESG focus.CMT
Proxy filing6 Apr 2026 - Profitability and margin stability offset lower 2024 sales; new wins support future growth.CMT
Q4 20243 Feb 2026 - Major facility expansion and strong new business wins position the company for sustained growth.CMT
17th Annual Southwest IDEAS Conference3 Feb 2026 - Turnaround success drives growth, margin expansion, and $30M in new business wins.CMT
The 15th Annual East Coast IDEAS Conference3 Feb 2026 - Q2 sales fell 9.2% year-over-year, but $42M in new business and strong liquidity support growth.CMT
Q2 20242 Feb 2026 - Transformation and innovation drive growth, with acquisitions targeted to reach $500M revenue.CMT
15th Annual Midwest IDEAS Investor Conference23 Jan 2026 - Q3 sales and earnings fell, but margin stability and new wins support future growth.CMT
Q3 202416 Jan 2026
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