Core Molding projects FY sales to decline 10% to 12%

Core Molding Technologies

04/11/2025 13:10

Overview

Core Molding Q3 sales down 19.9% yr/yr, missing analyst expectations

Net income and adjusted EBITDA for Q3 missed analyst expectations

Company projects 2025 full-year sales to decline 10% to 12% yr/yr

Outlook

Core Molding expects 2025 full-year sales to decline 10% to 12% year over year

Company plans $25 mln investment over 18 months, focusing on Mexico expansion

Core Molding aims to accelerate 2026 new program launches

Result Drivers

VOLVO TRANSITION - Co attributes majority of Q3 sales decline to the Volvo Transition and lower truck demand

OPERATIONAL EFFICIENCIES - Co maintained gross margins through higher operational efficiencies and favorable product mix

GROWTH INVESTMENTS - Co investing $25 mln in plant expansions in Mexico to support future growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$58.40 mln
$70.40 mln (1 Analyst)
Q3 Net Income
Miss
$1.90 mln
$3.46 mln (1 Analyst)
Q3 Adjusted EBITDA
Miss
$6.40 mln
$9.05 mln (1 Analyst)
Q3 Operating Income
Miss
$2.60 mln
$4.29 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

Wall Street's median 12-month price target for Core Molding Technologies Inc is $22.00, about 16.6% above its November 3 closing price of $18.34

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX6Dkc6S

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)