Core Molding Technologies Q1 sales fall 4.7% on truck market downturn

Core Molding Technologies

07/05/2026 13:18

Overview

US engineered materials maker's Q1 sales fell 4.7% yr/yr, driven by truck market downturn

Adjusted EPS and EBITDA for Q1 rose yr/yr, while net income and operating income declined

Outlook

Company expects 2026 sales to be flat to up about 5% year-over-year

Core Molding expects full-year gross margin in the range of 17% to 19%

Company projects 2026 capital expenditures of $25 mln to $30 mln, including $18 mln to $20 mln for Mexico expansion

Result Drivers

TRUCK MARKET DOWNTURN - Sales declined mainly due to ongoing weakness in the medium and heavy-duty truck market, which management expects to persist through the first half of 2026

POWESPORTS DEMAND - Strong demand in the Powersports end market and new product categories helped offset lower truck sales

GROSS MARGIN EXPANSION - Gross margin improved to 20.4%, attributed to operating discipline, cost control, footprint optimization, and favorable program mix

Company press release: ID:nGNXbzB1Ny

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$58.60 mln
$59.43 mln (1 Analyst)
Q1 Adjusted EPS
Beat
$0.37
$0.22 (1 Analyst)
Q1 Net Income
Miss
$600,000
$1.91 mln (1 Analyst)
Q1 Adjusted EBITDA
Beat
$7.30 mln
$7.02 mln (1 Analyst)
Q1 Operating Income
Miss
$800,000
$2.26 mln (1 Analyst)
Q1 Capex
$3.80 mln


Analyst Coverage

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

Wall Street's median 12-month price target for Core Molding Technologies Inc is $29.00, about 18.2% above its May 6 closing price of $24.53

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

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.)