Core Molding projects FY sales to decline 10% to 12%
Overview
Core Molding 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 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 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/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $58.40 mln | $70.40 mln (1 Analyst) |
Q3 Net Income | Miss | $1.90 mln | $3.46 mln (1 Analyst) |
Q3 Adjusted EBITDA | Miss | $6.40 mln | $9.05 mln (1 Analyst) |
Q3 Operating Income | Miss | $2.60 mln | $4.29 mln (1 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 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: ID:nGNX6Dkc6S
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