--- title: "Core Molding Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 62.73 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294828014.md" datetime: "2026-08-04T12:56:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294828014.md) - [en](https://longbridge.com/en/news/294828014.md) - [zh-HK](https://longbridge.com/zh-HK/news/294828014.md) generator: "portal-rs" --- # Core Molding Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 62.73 M Revenue: As of FY2026 Q2, the actual value is USD 62.73 M, beating the estimate of USD 60.05 M. EPS: As of FY2026 Q2, the actual value is USD 0.21, meeting the estimate of USD 0.21. EBIT: As of FY2026 Q2, the actual value is USD 2.355 M. #### Second Quarter 2026 Financial Highlights - **Total Net Revenues**: Core Molding Technologies, Inc. reported total net revenues comprising Production revenues of $60.9 million and Tooling Project revenue of $1.8 million. Production revenues declined 1.2% year-over-year (YoY) due to the Truck vertical, but increased 20.8% YoY excluding the Truck vertical. Tooling Project revenue of $1.8 million compared to $17.6 million in the prior year second quarter. - **Gross Margin**: Gross margin was $12.7 million, or 20.3% of net revenues, compared to 18.1% of net sales in the prior year second quarter. Excluding a one-time customer capacity credit, gross margin was 19.4%. - **Selling, General, and Administrative (SG&A) Expenses**: SG&A expenses were $10.4 million, or 16.6% of net revenues, compared to $9.1 million, or 11.5% of net revenues in the prior year second quarter, including $1.8 million of non-recurring costs for Mexico expansion and severance. - **Operating Income**: Operating income was $2.3 million, or 3.7% of net revenues, compared to $5.2 million, or 6.6% of net revenues for the prior year second quarter. - **Net Income**: Net income was $1.8 million, compared to $4.1 million for the prior year second quarter. - **Adjusted Net Income**: Adjusted net income was $3.3 million. - **Adjusted EBITDA**: Adjusted EBITDA was $7.6 million, or 12.2% of net revenues, compared to $9.5 million, or 12.0% for the prior year second quarter. #### Six-Month 2026 Financial Highlights - **Total Net Revenues**: Total net revenues for the six-month period comprised Production revenue of $118.4 million and Tooling Project revenue of $3.0 million. Production revenues declined 3.5% YoY due to the Truck vertical, but increased 20.7% YoY excluding the Truck vertical. Tooling Project revenue of $3.0 million compared to $18.0 million YoY in the prior year six-month period. - **Gross Margin**: Gross margin was $24.7 million, or 20.4% of net revenues, compared to 18.5% of net revenues in the prior year six-month period. - **Selling, General, and Administrative (SG&A) Expenses**: SG&A expenses were $21.6 million, or 17.8% of net revenues, compared to $18.0 million, or 12.8% of net revenues, including $4.8 million of non-recurring costs for Mexico expansion and severance. - **Operating Income**: Operating income was $3.1 million, or 2.5% of net revenues, compared to $8.1 million, or 5.7% of net revenues for the prior year six-month period. - **Net Income**: Net income was $2.4 million, compared to $6.2 million for the prior year six-month period. - **Adjusted Net Income**: Adjusted net income was $6.5 million. - **Adjusted EBITDA**: Adjusted EBITDA was $15.0 million, or 12.3% of net revenue, compared to $16.7 million, or 11.9% for the prior year six-month period. - **Share Repurchases**: Core Molding Technologies, Inc. repurchased 24,545 shares for $457,000. #### Product Revenue by Market (Three Months Ended June 30) - **Medium and heavy-duty truck**: $24,172 thousand (2026) vs. $31,246 thousand (2025). - **Power sports**: $15,245 thousand (2026) vs. $14,208 thousand (2025). - **Building products**: $6,316 thousand (2026) vs. $4,671 thousand (2025). - **Industrial and utilities**: $6,207 thousand (2026) vs. $5,874 thousand (2025). - **All other**: $8,950 thousand (2026) vs. $5,634 thousand (2025). - **Net product revenue**: $60,890 thousand (2026) vs. $61,633 thousand (2025). #### Product Revenue by Market (Six Months Ended June 30) - **Medium and heavy-duty truck**: $43,707 thousand (2026) vs. $60,806 thousand (2025). - **Power sports**: $35,942 thousand (2026) vs. $28,414 thousand (2025). - **Building products**: $11,490 thousand (2026) vs. $11,050 thousand (2025). - **Industrial and utilities**: $11,531 thousand (2026) vs. $11,244 thousand (2025). - **All other**: $15,680 thousand (2026) vs. $11,131 thousand (2025). - **Net product revenue**: $118,350 thousand (2026) vs. $122,645 thousand (2025). #### Cash Flow (Six Months Ended June 30) - **Net cash provided by operating activities**: $7,070 thousand (2026) vs. $9,594 thousand (2025). - **Purchase of property, plant and equipment**: - $12,082 thousand (2026) vs. - $4,387 thousand (2025). - **Free cash flow**: - $5,012 thousand (2026) vs. $5,207 thousand (2025). #### Capital Expenditures - Capital expenditures for the first six months of 2026 were $12.1 million, including $9.6 million related to the Mexico expansion project. - For the full year 2026, Core Molding Technologies, Inc. expects capital spending of approximately $25 million to $30 million, with $18 million to $20 million allocated to the Mexico expansion. - Return on Capital Employed was 5.7% for the trailing twelve months, and 6.2% excluding cash. #### Financial Position - Cash and cash equivalents at June 30, 2026, were $12.1 million. - The outstanding balance of the 2022 Term Loan was repaid in full by June 30, 2026. - In July 2026, Core Molding Technologies, Inc. amended and extended its credit facilities, securing $100 million in aggregate, consisting of a $50 million revolving credit facility and a $50 million delayed-draw term loan facility, both maturing in July 2031. #### Outlook / Guidance Core Molding Technologies, Inc. anticipates total net sales for 2026 to be in the flat-to-approximately 5% growth range, encompassing both production and tooling project revenue. The company projects a gradual recovery in the truck market during the second half of the year. Gross margin is expected to remain in the 17% to 19% range, depending on the end market product mix and the division between production and tooling project revenues. ### 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) - [This dime could sell for more than $1 million: How to tell if yours is worth the same](https://longbridge.com/en/news/297433489.md) - [Will Honda’s New Value Focus Amid Inflation Reset Honda Motor’s (TSE:7267) Core Investment Narrative?](https://longbridge.com/en/news/297402587.md) - [Does Carter's (CRI) Dividend And DoorDash Tie-Up Reveal A Shift In Its Core Strategy?](https://longbridge.com/en/news/297212860.md) - [Salesforce Surges 14% on Strong Earnings, Will Anthropic IPO Help CRM Push to Record High?](https://longbridge.com/en/news/297141267.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**