Core Molding Technologies (CMT) Q3 2026 Earnings
Adjusted figure excludes $1,393 thousand (net of tax), or $0.16 per diluted share, of Mexico expansion and footprint optimization costs; GAAP diluted EPS was $0.17.
How Did CMT Stock React to Q3 2026 Earnings?
Did CMT Beat Earnings? Q3 2026 Results
Yes. Core Molding Technologies reported Q3 2026 earnings of $0.33 a share on Nov 3, 2026, beating the $0.06 consensus estimate by 450.0%. Revenue was $90.2M against a $86.2M estimate.
Core Molding Technologies delivered a sharp earnings beat in its fiscal third quarter of 2026, posting adjusted diluted EPS of $0.33 against a consensus estimate of just $0.06, a 450.00% positive surprise, while revenue of $90.24 million topped the $86.18 million estimate and surged 54.4% year over year. The headline driver was a dramatic jump in tooling project revenue, which climbed to $25.41 million from $4.26 million a year earlier as customers ramped new production programs, while production revenue rose 19.7% to $64.83 million on stronger medium and heavy-duty truck demand. That tooling mix, combined with Monterrey commissioning charges and higher raw material costs, compressed gross margin to 14.8% from 17.4%, and GAAP diluted EPS slipped to $0.17 from $0.22, with the adjusted figure excluding $1.39 million of after-tax Mexico expansion costs. Management reaffirmed full-year guidance for net sales flat to up approximately 5% and gross margins of 16% to 17%, with the Matamoros presses on track for year-end startup and a pipeline pointing toward roughly $50 million in new business awards.
- Production revenue up 19.7% YoY on higher medium and heavy-duty truck demand and new program launches
- Tooling project revenue of $25.4 million vs $4.3 million in the prior-year quarter
- Continued strength in building products and industrial and utilities end markets
- Gross margin pressured by tooling revenue mix, Monterrey commissioning charges and higher raw material costs
- Higher margin pressure partly offset by favorable fixed operating leverage, operating efficiencies and favorable product mix
- SG&A included $1.8 million of non-recurring Mexico expansion and footprint optimization costs
“Our third quarter results reflect continued progress against our strategic initiatives that will shape our next phase of growth. While the quarter absorbed several one-time start-up costs associated with our Mexico expansion, footprint optimization, and higher external input costs, we achieved key operational milestones that position us for improved performance.”
Core Molding Technologies CEO, on the earnings call
What Is Core Molding Technologies's Outlook?
Consistent with its September Investor Day outlook, the company expects full-year 2026 net sales to be flat to up approximately 5%, with gross margins in the 16% to 17% range. Full-year 2026 capital spending is expected at approximately $28 to $30 million, including approximately $20 million for the Mexico expansion. The Matamoros 4,500-ton presses are on track to come online by year-end. Management sees a path to approximately $50 million in new business awards through six late-stage pipeline projects.
CMT YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $90.2M | $58.4M | +54.4% |
| Gross Profit | $13.4M | $10.1M | +33.1% |
| Operating Income | $1.6M | $2.5M | −35.2% |
| Net Income | $1.5M | $1.9M | −19.4% |
CMT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.