Corrected: Core Molding Technologies Q3 net revenue jumps on tooling projects

Core Molding Technologies

03/11/2026 13:08

Corrects Q3 Sales figure in Key Details table to $90.20 mln from $64.80 mln

Overview
US molded structural products maker's Q3 production revenue rose nearly 20% yr/yr on truck demand
Total net revenues rose 54% yr/yr, boosted by higher tooling project revenue
Profitability affected by one-time Mexico expansion and higher input costs

Outlook
Company expects full-year net sales to be flat to up about 5%
Company sees full-year gross margins in the 16% to 17% range
Company expects 2026 capital spending of $28 mln to $30 mln

Result Drivers
TRUCK DEMAND & NEW PROGRAMS - Co said higher medium and heavy-duty truck demand, new program launches, and strength in building products and industrial and utilities markets lifted production revenue
ONE-TIME COSTS - Profitability was reduced by one-time commissioning costs in Monterrey, footprint optimization, and higher external input costs
TOOLING PROJECT REVENUE - Larger share of tooling project revenue in sales mix weighed on margins but supports future recurring revenue

Company press release: ID:nGNX8jVFtW

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$90.20 mln
$86.18 mln (1 Analyst)
Q3 Net Income
Beat
$1.50 mln
$500,000 (1 Analyst)
Q3 Adjusted EBITDA
Meet
$6.40 mln
$6.40 mln (1 Analyst)
Q3 Operating Income
Beat
$1.60 mln
$390,000 (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 $30.00, about 32.7% above its November 2 closing price of $22.60
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Nov 3 - Eaton Q3 sales, EPS beat estimates on strong demand
Nov 3 - Regal Rexnord Q3 sales beat estimates on data center demand
Nov 3 - AMETEK Q3 sales beat estimates, raises outlook

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.)