Overview

* Core Molding ( CMT ) Q3 sales down 19.9% yr/yr, missing analyst expectations

* Net income and adjusted EBITDA for Q3 missed analyst expectations

* Company projects 2025 full-year sales to decline 10% to 12% yr/yr

Outlook

* Core Molding ( CMT ) expects 2025 full-year sales to decline 10% to 12% year over year

* Company plans $25 mln investment over 18 months, focusing on Mexico expansion

* Core Molding ( CMT ) aims to accelerate 2026 new program launches

Result Drivers

* VOLVO TRANSITION - Co attributes majority of Q3 sales decline to the Volvo Transition and lower truck demand

* OPERATIONAL EFFICIENCIES - Co maintained gross margins through higher operational efficiencies and favorable product mix

* GROWTH INVESTMENTS - Co investing $25 mln in plant expansions in Mexico to support future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $58.40 $70.40

mln mln (1

Analyst)

Q3 Net Miss $1.90 $3.46

Income mln mln (1

Analyst)

Q3 Miss $6.40 $9.05

Adjusted mln mln (1

EBITDA Analyst)

Q3 Miss $2.60 $4.29

Operatin mln mln (1

g Income Analyst)

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

* Wall Street's median 12-month price target for Core Molding Technologies Inc ( CMT ) is $22.00, about 16.6% above its November 3 closing price of $18.34

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)