Core Molding Technologies outlines path to $325M annual revenue by 2027 while advancing SMC and Mexico expansion

Core Molding Technologies (CMT) aims for $325 million in annual revenue by 2027, driven by growth in power sports and new business wins totaling $46.7 million this year. CEO David Duvall highlighted a strong sales pipeline exceeding $250 million and ongoing expansion in Mexico. Q3 net sales were $58.4 million, down 19.9% year-over-year, with a maintained gross margin of 17.4%. Management projects a recovery in the truck market and increased tooling sales to boost Q4 performance. CMT's liquidity stands at $92.4 million with a debt-to-EBITDA ratio below 1x.