--- title: "Core Molding Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 58.58 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285549567.md" datetime: "2026-05-07T12:17:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285549567.md) - [en](https://longbridge.com/en/news/285549567.md) - [zh-HK](https://longbridge.com/zh-HK/news/285549567.md) --- # Core Molding Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 58.58 M Revenue: As of FY2026 Q1, the actual value is USD 58.58 M, missing the estimate of USD 59.43 M. EPS: As of FY2026 Q1, the actual value is USD 0.07, missing the estimate of USD 0.22. EBIT: As of FY2026 Q1, the actual value is USD 850 K. #### Total Net Sales Total net sales for the three months ended March 31, 2026, were $58.6 million, representing a 4.7% decrease year-over-year, primarily due to expected truck demand, largely offset by increases in Power sports demand . #### Segment Revenue - **Medium and heavy-duty truck**: $19,535 thousand for the three months ended March 31, 2026, compared to $29,560 thousand for the same period in 2025 . - **Power sports**: $20,697 thousand for the three months ended March 31, 2026, compared to $14,206 thousand for the same period in 2025 . - **Building products**: $5,174 thousand for the three months ended March 31, 2026, compared to $6,379 thousand for the same period in 2025 . - **Industrial and utilities**: $5,324 thousand for the three months ended March 31, 2026, compared to $5,370 thousand for the same period in 2025 . - **All other**: $6,730 thousand for the three months ended March 31, 2026, compared to $5,497 thousand for the same period in 2025 . - **Net product revenue**: $57,460 thousand for the three months ended March 31, 2026, compared to $61,012 thousand for the same period in 2025 . - **Tooling revenue**: $1,123 thousand for the three months ended March 31, 2026, compared to $435 thousand for the same period in 2025 . #### Gross Margin Gross margin was $12.0 million, or 20.4% of net sales, for the three months ended March 31, 2026, an increase from 19.2% in the prior year quarter, representing a 120 basis point improvement . Sequentially, gross margin improved 520 basis points from 15.2% in the prior year fourth quarter . #### Selling, General, and Administrative Expenses Selling, general, and administrative expenses were $11.2 million, or 19.1% of net sales, for the three months ended March 31, 2026, compared to $8.9 million, or 14.6%, for the prior year first quarter . Excluding $0.9 million in succession plan costs and $2.1 million in Mexico expansion related expenses, these expenses totaled $8.2 million, or 14.0% of net sales . #### Operating Income Operating income was $0.8 million, or 1.3% of net sales, for the three months ended March 31, 2026, compared to $2.8 million, or 4.6% of net sales, for the prior year first quarter . #### Net Income Net income was $0.6 million, or $0.07 per diluted share, for the three months ended March 31, 2026, compared to $2.2 million, or $0.25 per diluted share, for the prior year first quarter . #### Adjusted Net Income Adjusted net income was $3.2 million, or $0.37 per diluted share, for the three months ended March 31, 2026, compared to $2,185 thousand, or $0.29 per diluted share, for the prior year first quarter . #### Adjusted EBITDA Adjusted EBITDA was $7.3 million, or 12.5% of net sales, for the three months ended March 31, 2026, compared to $7.2 million, or 11.7%, for the prior year first quarter . Sequentially, Adjusted EBITDA as a percent of net sales improved to 12.5% compared to 10.2% in the prior year fourth quarter . #### Capital Expenditures Capital expenditures totaled $3.8 million in the first quarter of 2026, including $3.2 million related to the Company’s Mexico expansion project . #### Financial Position (as of March 31, 2026) - **Total liquidity**: $73.5 million . - **Cash and cash equivalents**: $23.5 million . - **Undrawn capacity under revolving credit facility**: $25.0 million . - **Undrawn capacity under capex credit facility**: $25.0 million . - **Term debt**: $19.3 million . - **Term debt-to-trailing twelve months Adjusted EBITDA**: 0.62 . #### Return on Capital Employed Trailing twelve-month Return on Capital Employed was 6.8%, or 7.9% excluding cash . #### Cash Flow - **Net cash used in operating activities**: - $9,229 thousand for the three months ended March 31, 2026, compared to $6,099 thousand provided by operations for the same period in 2025 . - **Free cash flow**: - $13,013 thousand for the three months ended March 31, 2026, compared to $4,327 thousand for the same period in 2025 . #### Share Repurchases During the first quarter of 2026, Core Molding Technologies, Inc. (Core 铸模科技) repurchased 24,545 shares at an average price of $18.62, totaling $457,000 . The Board authorized an increase of 6,500,000 shares as part of the Company’s repurchase program on March 11, 2026 . #### Outlook / Guidance Core Molding Technologies, Inc. (Core 铸模科技) expects full-year 2026 sales to be flat to up approximately 5% year-over-year and anticipates a full-year gross margin in the range of 17% to 19% . The truck cycle is expected to begin recovering in the second half of 2026, with momentum continuing through 2027 . The company projects full-year 2026 capital spending to be approximately $25 million to $30 million, including $18 million to $20 million allocated to the Mexico expansion . ### Related Stocks - [CMT.US](https://longbridge.com/en/quote/CMT.US.md) ## Related News & Research - [Core Molding Technologies (NYSEAMERICAN:CMT) EVP Michael James Gayford Purchases 500 Shares](https://longbridge.com/en/news/279958367.md) - [Apollo Clarifies Legal Status of Recent 8-K Disclosure](https://longbridge.com/en/news/286564452.md) - [FS KKR Capital to post investor presentations on website after market close](https://longbridge.com/en/news/286815114.md) - [Capital City Bank Group posts Q1 2026 investor presentation on website](https://longbridge.com/en/news/286599786.md) - [Auburn National Bancorporation declares $0.27 quarterly dividend payable June 25](https://longbridge.com/en/news/286281680.md)