<span item_type="fundamental" item_id="1893e8fd61f1cacef6989e2cf365ca23" counter_id="ST/US/CMT" env="prod"></span><span item_type="announcement" item_id="645718738411130753" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 58.58 M, missing the estimate of USD 59.43 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.07, missing the estimate of USD 0.22.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 850 K.</p><p></p><h4>Total Net Sales</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Segment Revenue</h4><ul><li><strong>Medium and heavy-duty truck</strong>: $19,535 thousand for the three months ended March 31, 2026, compared to $29,560 thousand for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Power sports</strong>: $20,697 thousand for the three months ended March 31, 2026, compared to $14,206 thousand for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Building products</strong>: $5,174 thousand for the three months ended March 31, 2026, compared to $6,379 thousand for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Industrial and utilities</strong>: $5,324 thousand for the three months ended March 31, 2026, compared to $5,370 thousand for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>All other</strong>: $6,730 thousand for the three months ended March 31, 2026, compared to $5,497 thousand for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Net product revenue</strong>: $57,460 thousand for the three months ended March 31, 2026, compared to $61,012 thousand for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Tooling revenue</strong>: $1,123 thousand for the three months ended March 31, 2026, compared to $435 thousand for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li></ul><h4>Gross Margin</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>. Sequentially, gross margin improved 520 basis points from 15.2% in the prior year fourth quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Selling, General, and Administrative Expenses</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Operating Income</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Net Income</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Adjusted Net Income</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Adjusted EBITDA</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>. Sequentially, Adjusted EBITDA as a percent of net sales improved to 12.5% compared to 10.2% in the prior year fourth quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Capital Expenditures</h4><p>Capital expenditures totaled $3.8 million in the first quarter of 2026, including $3.2 million related to the Company’s Mexico expansion project <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Financial Position (as of March 31, 2026)</h4><ul><li><strong>Total liquidity</strong>: $73.5 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Cash and cash equivalents</strong>: $23.5 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Undrawn capacity under revolving credit facility</strong>: $25.0 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Undrawn capacity under capex credit facility</strong>: $25.0 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Term debt</strong>: $19.3 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Term debt-to-trailing twelve months Adjusted EBITDA</strong>: 0.62 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li></ul><h4>Return on Capital Employed</h4><p>Trailing twelve-month Return on Capital Employed was 6.8%, or 7.9% excluding cash <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Cash Flow</h4><ul><li><strong>Net cash used in operating activities</strong>: - $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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li><li><strong>Free cash flow</strong>: - $13,013 thousand for the three months ended March 31, 2026, compared to $4,327 thousand for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</li></ul><h4>Share Repurchases</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>. The Board authorized an increase of 6,500,000 shares as part of the Company’s repurchase program on March 11, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p><h4>Outlook / Guidance</h4><p>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% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>. The truck cycle is expected to begin recovering in the second half of 2026, with momentum continuing through 2027 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1026655/000102665526000027/a8-k991pressreleaseq12026.htm"></span>.</p>

Core Molding Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 58.58 M