CORE MOLDING TECHNOLOGIES INCCMT

CORE MOLDING TECHNOLOGIES INC Segments Disclosure

10-KFiled Mar 10, 20262 min read
Foreign Operations
The majority of the Company’s product is sold to U.S. based customers in U.S. dollars. The following table provides information related to sales by country, based on the ship to location of customers' production facilities, for the years ended December 31 (in thousands):
202520242023
United States$141,143 $187,973 $234,504 
Mexico109,167 97,896 105,818 
Canada16,703 11,145 11,980 
Other6,785 5,364 5,436 
Total$273,798 $302,378 $357,738 
The following table provides information related to the location of the Company's property, plant and equipment, net, as of December 31 (in thousands):
20252024
United States$38,743 $37,802 
Mexico41,134 35,363 
Canada7,063 7,642 
Total$86,940 $80,807 
Segment Reporting
Segment information is prepared on the same basis that our Chief Executive Officer ("CEO"), who serves as our Chief Operating Decision Maker ("CODM"), manages our business, evaluates financial results, and makes key operating decisions. We have one reportable operating segment: North America.
The North America reportable operating segment comprises all manufacturing operations located in the United States, Canada, and Mexico, which we have aggregated into a single operating segment in consideration of the aggregation criteria set forth in ASC 280. These operations share similar economic characteristics, production processes, and customer bases.

The North America reportable segment generates its revenue primarily from the manufacturing and sale of sheet molding compound and molded structural plastic products to customers in the heavy truck, automotive, power sports, and industrial markets. The accounting policies of the North America reportable segment are consistent with those described in Note 2, "Summary of Significant Accounting Policies."

Our CODM uses income from operations to evaluate performance and make key operating decisions, such as allocating resources and assessing growth opportunities within the North America segment. The CODM is not provided asset information by reportable segment, as asset information is reviewed on a consolidated basis.

The following tables present selected financial information with respect to our single reporting segment (in thousands):

202520242023
North America Segment:
Product sales$232,205 $291,092 $347,375 
Tooling sales41,593 11,286 10,363 
North America Segment Total Revenue273,798 302,378 357,738 
Less:
Variable Cost of Goods Sold
199,002 219,221 263,526 
Fixed Cost of Goods Sold27,214 29,897 29,692 
Selling, General and Administration33,364 36,565 37,983 
North America Segment Operating Income14,218 16,695 26,537 
Less:
Net periodic post retirement benefit(460)(593)(220)
Net interest (income) expense1 (193)1,011 
Income taxes3,482 4,182 5,422 
North America Net Income$11,195 $13,299 $20,324 
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Historical Timeline

Fiscal YearFiled
2025Mar 10, 2026Showing above
2024Mar 11, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

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