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Core Molding Technologies Inc (CMT)
NYSE MKT:CMT
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.12Last Year’s EPS
$0.25Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 2.99%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While Core Molding Technologies has achieved noteworthy cost reductions, new leadership appointments, and strong free cash flow, the company is facing significant sales declines, particularly due to the Volvo transition and broader macroeconomic pressures. The pipeline of new business opportunities offers potential growth, but challenges remain in the short term.Company Guidance
In the third quarter of 2024, Core Molding Technologies reported sales of $73 million, generating an adjusted EBITDA of $7.5 million, which is 10.3% of sales. The company achieved a net income of $3.2 million, equating to $0.36 per diluted share. Despite facing a 15.8% decline in total net sales compared to the previous year, CMT maintained gross margins within their long-term target range at 16.9% of sales. Their year-to-date free cash flow reached over $23 million, supported by strong cash flows and working capital efficiencies. The company's debt to trailing 12-month EBITDA ratio remained less than 1x, reflecting financial stability. For the full fiscal year 2024, CMT revised its sales outlook to a 17% decrease from 2023, anticipating gross margins between 17% to 19%. The company continues to focus on strategic investments, including $11 to $13 million in capital expenditures, and has purchased approximately 112,000 shares under its share buyback plan.New Chief Commercial Officer Appointment
Alex Bantz joined as the new Chief Commercial Officer to accelerate Core's revenue growth, bringing over 25 years of industrial sales and marketing experience.
Strong Free Cash Flow Generation
Year-to-date free cash flow exceeded $23 million, indicating strong cash generation capabilities.
Operational Cost Reductions
Completed a fixed cost and SG&A reduction expected to save approximately $2.6 million annually.
New Business Wins
Secured over $45 million in new business with a pipeline of over $270 million in active opportunities.
Technical Advancements in Manufacturing
Technical advancements and infrastructure investments have reduced costs by over $1 million annually.
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CMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $15.73 | $15.36 | -2.35% |
| Aug 06, 2024 | $17.00 | $17.42 | +2.47% |
| May 07, 2024 | $19.31 | $18.08 | -6.37% |
| Mar 12, 2024 | $19.37 | $19.23 | -0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Core Molding Technologies Inc (CMT) report earnings?
Core Molding Technologies Inc (CMT) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Core Molding Technologies Inc (CMT) earnings time?
Core Molding Technologies Inc (CMT) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMT EPS forecast?
CMT EPS forecast for the fiscal quarter 2024 (Q4) is $0.12.
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