Core Molding Q2 production revenue falls 1.2% on weak truck demand

Core Molding Technologies

04/08/2026 13:10

Overview
US engineered materials firm's fiscal Q2 production revenue fell 1.2% yr/yr on weak truck demand
Adjusted net income per share for Q2 declined from prior year
Company secured $26 mln in new business awards, expanding into energy storage and utilities

Outlook
Core Molding expects 2026 net sales to be flat to up approximately 5%
Company projects 2026 gross margin in the 17% to 19% range
Core Molding expects gradual recovery in truck market during second half of 2026

Result Drivers
TRUCK MARKET WEAKNESS - Co said lower production sales were due entirely to softness in the medium- and heavy-duty truck market
OTHER MARKETS OFFSET - Strong growth in powersports, building products, and industrial and utilities end markets offset truck weakness, per CEO Eric Palomaki
GROSS MARGIN IMPROVEMENT - Gross margin rose due to favorable product mix, operating efficiencies, and a one-time customer capacity credit

Company press release: ID:nGNX5JbxhP

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
Miss
$1.80 mln
$1.89 mln (1 Analyst)
Q2 Adjusted EBITDA
Beat
$7.60 mln
$6.98 mln (1 Analyst)
Q2 Operating Income
Beat
$2.30 mln
$2.22 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 $29.00, about 20.8% above its August 3 closing price of $24.00
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Aug 3 - Commercial Vehicle Group Q2 revenue beats estimates; 2026 outlook lifted
Aug 3 - Allison Transmission Q2 sales rise 92% on Allison Transmission unit growth
Aug 4 - DuPont raises annual profit forecasts after quarterly beat on price hikes, cost cuts

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)