Brief: Core Molding Technologies Posts Q3 Loss Per Share Of $0.78

Core Molding Technologies

18/11/2019 13:28

Nov 18 (Reuters) - Core Molding Technologies Inc  CMT.A :
    * CORE MOLDING TECHNOLOGIES REPORTS THIRD QUARTER 2019
RESULTS
    * Q3 LOSS PER SHARE $0.78
    * Q3 SALES $74.7 MILLION VERSUS $64.7 MILLION
    * CORE MOLDING TECHNOLOGIES - EXPECTS Q4 SALES LEVELS TO
SOFTEN
DUE TO DECREASED DEMAND FROM TRUCK CUSTOMERS
    * CORE MOLDING TECHNOLOGIES -  NEW PROGRAM WITH NEW
AUTOMOTIVE
CUSTOMER ANTICIPATED TO LAUNCH IN Q1 2021
    * CORE MOLDING TECHNOLOGIES- AS A RESULT OF Q3 2019 NET
LOSS, CO
WAS UNABLE TO MEET ITS LOAN COVENANTS
    * CORE MOLDING TECHNOLOGIES - ANTICIPATES IT WILL EXECUTE 
FORBEARANCE AGREEMENT, AMENDMENT TO CREDIT AGREEMENT WITHIN
PERIOD ACCEPTABLE TO LENDERS
    * ANTICIPATES IT MAY OBTAIN OTHER FINANCING WITHIN A TIME
PERIOD
ACCEPTABLE TO EXISTING LENDERS

Source text for Eikon:  ID:nPnbfs6bTa 
Further company coverage:  CMT.A 

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