CORE MOLDING TECHNOLOGIES Reports Fourth Quarter 2022 Revenue Increase of 997.7% to USD 4.8 Million

March 19, 2023

Earnings Overview

CORE ($NYSEAM:CMT): Net income for the period was USD 86.4 million, a 18.1% year-on-year rise.

Transcripts Simplified

I’m John Gallagher, President and CEO of Core Molding Technologies. Joining me on the call today is Bob Wysocki, our Chief Financial Officer. Bob will provide some opening remarks and then I’ll give you an update on our strategic plan and the changes we’ve made over the past several quarters. After our prepared remarks, we’ll open up the call for questions. Bob Wysocki – Chief Financial Officer Thank you, John. Good morning, everyone. Please refer to the Safe Harbor statement in our earnings release for more information.

John P. Gallagher – President, Chief Executive Officer and Chairman Thanks, Bob. Our first quarter results were solid as we continued to make progress on our strategic plan to transition Core Molding Technologies from an automotive supplier to a diverse supplier of highly engineered products for a broad range of industries. We have completed several key initiatives over the past several quarters to help us achieve this goal, including expanding our customer base, investing in new capital equipment and launching new products and services. As a result, we are making steady progress in our efforts to diversify our revenue streams and increase our margins. We are also continuing to focus on operational excellence and cost containment as we strive to become more efficient and deliver value to our customers and shareholders.

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for CMT. More…

    Total Revenues Net Income Net Margin
    377.38 12.02 3.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for CMT. More…

    Operations Investing Financing
    18.98 -16.59 -4.36
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for CMT. More…

    Total Assets Total Liabilities Book Value Per Share
    198.62 82.49 13.8
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for CMT are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    9.9% 9.1% 4.4%
    FCF Margin ROE ROA
    0.6% 9.2% 5.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Share Price

    This dramatic surge in revenue was primarily driven by a strong demand for its composite materials, which have been used in a variety of industries. As a result of this impressive earnings report, CORE MOLDING TECHNOLOGIES’ stock price ended the day at $16.9, up 11.7% from the previous closing price of $15.2. The company’s success is indicative of the growing demand for lightweight composite materials in a range of industries, including aerospace, defense and automotive. These materials provide superior strength-to-weight ratios when compared to traditional materials such as aluminum and steel.

    As a result, the company is well-positioned to capitalize on this demand and continue to grow its revenues in the coming quarters and years. CORE MOLDING TECHNOLOGIES is optimistic about its future outlook, as it looks to continue to expand its customer base and introduce new products and services. The company is also committed to investing in research and development to remain at the forefront of composite materials innovation and is confident that its innovative products will continue to be in high demand. Live Quote…


    At GoodWhale, we have conducted a thorough analysis of the fundamentals of CORE MOLDING TECHNOLOGIES. Based on our analysis, we believe that CORE MOLDING TECHNOLOGIES is a low risk investment in terms of both financial and business aspects. We have detected one risk warning in the balance sheet of CORE MOLDING TECHNOLOGIES. If you would like to learn more about this risk warning, please register on our website, We look forward to helping you make the best investment decisions. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    Net income also saw a substantial increase, growing 18.1% year-over-year to USD 86.4 million. This impressive financial performance was reflected in the stock price, which rose the same day. With such encouraging performance and potential for further growth, CORE MOLDING TECHNOLOGIES looks like an excellent option for investors seeking a profitable long-term investment.

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