Headquartered in Columbus, OH·Fiscal year ends December·NYSE MKT: CMT·coremt.com
About Core Molding Technologies
Core Molding Technologies is an engineered materials company that makes molded structural products. Its principal end markets are medium and heavy-duty truck, powersports, building products, and industrial and utilities across the United States, Canada and Mexico, and it also serves marine, automotive, agriculture, construction and other commercial markets. It operates as a single reporting segment, a molder of thermoplastic and thermoset structural products.
The company offers a range of manufacturing processes to fit different program volumes and investment levels:
- **Thermoset processes:** compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up.
- **Thermoplastic processes:** direct long-fiber thermoplastics (DLFT) and structural foam and structural web injection molding.
Revenue comes from two sources: production parts, and tooling projects completed ahead of customer production cycles.
The company is expanding manufacturing capacity in Mexico, where Monterrey is now operational and two 4,500-ton presses in Matamoros are due by year-end 2026. It is also optimizing its plant footprint and has established a hood and battery systems center of excellence in Gaffney, South Carolina. It is pursuing growth markets such as battery energy storage systems tied to electrification and grid infrastructure. Updated
Tooling project revenue of $25.4 million, up from $4.3 million a year ago, powered a quarter that beat expectations on both lines. Management reaffirmed full-year sales growth of flat to up 5% and says the two Matamoros presses come online by year-end. Capacity has been the constraint here, not order flow.
Small caps are finally getting their moment. The iShares Russell 2000 ETF (NYSEARCA:IWM) is up 12.11% year to date and 31.51% over the past year, a sharp rotation away from the mega-cap…