CORE MOLDING TECHNOLOGIES INC

Listed Company

CMTCIK 0001026655NYSEAcceleratedSmaller ReportingPlastics Products, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$273.80M

Net Income

$11.20M

Total Assets

$228.13M

Equity

$158.17M

Shares Out

8.83M

Op. Cash Flow

$19.18M

Business

Core Molding Technologies Inc operates in the engineered materials market as a molder of thermoplastic and thermoset structural products. It produces and sells molded structural plastic components and sheet molding compound (SMC), employing processes such as compression molding, direct long fiber thermoplastic (D-LFT), resin transfer molding (RTM), injection molding, structural foam/web, RIM, hand lay-up and spray-up, and provides assembly, machining and painting services. The company reports one operating segment that integrates compounding, molding, finishing and product development capabilities. Its products are sold primarily to OEMs in medium and heavy‑duty trucks, power sports, building products and other industrial markets across North America through direct supply agreements and shipments to customer production sites.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	274	302	358	377	307
Total cost of sales	226	249	293	325	266
Gross margin	48	53	65	52	41
Selling, general and administrative expense	33	37	38	34	30
Operating income	14	17	27	18	11
Net periodic post-retirement benefit	−460,000	−593,000	−220,000	−124,000	−162,000
Net interest (income) expense	1,000	−193,000	1	2	2
Total other (income) and expense	−459,000	−786,000	791,000	3	2
Income before income taxes	15	17	26	15	9
Current	4	4	3	6	5
Deferred	−830,000	473,000	2	−3	−367,000
Total income taxes	3	4	5	2	4
Net income	11	13	20	12	5
Basic (in USD per share)	1.31	1.53	2.37	1.44	0.55
Diluted (in USD per share)	1.29	1.51	2.31	1.44	0.55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	38	42	24	4	6
Accounts receivable, net	31	30	42	44	35
Inventories, net	20	18	22	24	25
Foreign tax receivable	7	6	6	3	3
Prepaid expenses and other current assets	8	7	9	6	6
Total current assets	103	103	103	81	75
Right of use asset	14	2	4	5	6
Property, plant and equipment, net	87	81	81	83	76
Goodwill	17	17	17	17	17
Intangibles, net	3	4	6	8	10
Other non-current assets	3	2	2	5	3
Total Assets	228	210	213	199	187
Current portion of long-term debt	2	2	1	1	4
Accounts payable	15	17	24	30	23
Contract liabilities	5	2	5	1	6
Compensation and related benefits	5	8	10	9	8
Other	7	8	5	8	8
Total current liabilities	34	37	46	51	53
Other non-current liabilities	2	2	4	4	5
Long-term lease obligations	13	997,000	—	—	—
Long-term debt	18	20	22	23	21
Post retirement benefits liability	3	3	3	5	8
Total Liabilities	70	62	74	82	87
Commitments and Contingencies	—	—	—	—	—
Preferred stock $0.01 par value, authorized shares - 10,000,000; no shares outstanding at December 31, 2025 and December 31, 2024	0	0	0	0	0
Common stock $0.01 par value, authorized shares - 20,000,000; outstanding shares: 8,510,938 at December 31, 2025 and 8,614,395 at December 31, 2024	85,000	86,000	86,000	84,000	82,000
Paid-in capital	48	46	43	40	38
Accumulated other comprehensive income, net of income taxes	4	2	5	3	1
Treasury stock at cost, 4,479,805 shares at December 31, 2025 and 4,236,853 shares at December 31, 2024	−40	−36	−32	−29	−29
Retained earnings	147	135	122	102	90
Total Stockholders' Equity	158	147	139	116	100
Total Liabilities and Stockholders' Equity	228	210	213	199	187

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	12	13	13	12	12
Deferred income taxes	−830,000	473,000	2	−3	−475,000
Share-based compensation	2	2	3	2	2
Loss on disposal of assets	563,000	241,000	80,000	0	571,000
Loss (gain) on foreign currency	−547,000	1	−58,000	396,000	172,000
Accounts receivable	−713,000	12	3	−9	−9
Inventories	−1	4	2	1	−7
Prepaid and other assets	−1	2	−6	928,000	−565,000
Accounts payable	−2	−8	−5	6	5
Accrued and other liabilities	1	−4	4	−4	5
Post retirement benefits liability	−590,000	−1	−980,000	−713,000	−436,000
Net cash provided by operating activities	19	35	35	19	13
Purchase of property, plant and equipment	−17	−12	−9	−17	−12
Net cash used in investing activities	−17	−12	−9	−17	−11
Gross borrowings on revolving loans	0	0	37	165	50
Gross repayment on revolving loans	0	0	−39	−168	−46
Payment of principal of term loan	−2	−2	−1	−26	−3
Payment, Tax Withholding, Share-Based Payment Arrangement	−601,000	−1	−3	−482,000	—
Payments for taxes related to net share settlement of equity awards	−3	−3	0	0	−96,000
Net cash used in financing activities	−6	−6	−6	−4	884,000
Net change in cash and cash equivalents	−4	18	20	−2	2
Interest	1	1	1	2	2
Income taxes	4	2	5	7	5
Fixed asset purchases in accounts payable	1	367,000	298,000	868,000	329,000

Filings

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