Core Molding Tech | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 58.44 M

Revenue: As of FY2025 Q3, the actual value is USD 58.44 M, missing the estimate of USD 70.36 M.

EPS: As of FY2025 Q3, the actual value is USD 0.22, missing the estimate of USD 0.4.

EBIT: As of FY2025 Q3, the actual value is USD 2.607 M.

Segment Revenue

• North America Segment Total Revenue: $58,435,000 for the three months ended September 30, 2025, compared to $72,992,000 for the same period in 2024. For the nine months ended September 30, 2025, total revenue was $199,121,000, compared to $239,880,000 in 2024.

Operational Metrics

• Gross Margin: 17.4% for the three months ended September 30, 2025, compared to 16.9% for the same period in 2024. For the nine months ended September 30, 2025, gross margin was 18.2%, compared to 18.1% in 2024.
• Operating Income: $2,573,000 for the three months ended September 30, 2025, compared to $3,605,000 for the same period in 2024. For the nine months ended September 30, 2025, operating income was $10,626,000, compared to $15,825,000 in 2024.
• Net Income: $1,877,000 for the three months ended September 30, 2025, compared to $3,160,000 for the same period in 2024. For the nine months ended September 30, 2025, net income was $8,112,000, compared to $13,338,000 in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $14,166,000 for the nine months ended September 30, 2025, compared to $30,162,000 for the same period in 2024.
• Net Cash Used in Investing Activities: - $9,305,000 for the nine months ended September 30, 2025, compared to - $7,045,000 in 2024.
• Net Cash Used in Financing Activities: - $4,267,000 for the nine months ended September 30, 2025, compared to - $4,873,000 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company expects revenues for 2025 to decrease by approximately 10 to 12 percent compared to 2024, with a change in mix between product revenues and tooling revenues as new programs launch during 2025. The company anticipates raw material pricing in 2025 to remain flat or experience a slight increase relative to 2024.
• Non-Core Business: The company plans to invest approximately $25,000,000 over the next 18 months in the Mexico expansion, with $8,000,000 to $10,000,000 anticipated to be spent by the end of fiscal 2025.