Core Molding Technologies
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +0.34%.
Did CMT Beat Earnings? Q4 2025 Results
Core Molding Technologies delivered a standout fourth quarter for fiscal 2025, posting adjusted earnings of $0.47 per diluted share against a consensus estimate of just $0.23, a beat of more than 104%, while revenue of $74.68 million topped expectations by 12.40% and climbed 19.5% year-over-year. The primary engine behind the quarter was a sharp surge in tooling revenue, which jumped to $19.30 million from $2.45 million in Q4 2024, more than offsetting a 7.8% decline in product sales tied to ongoing softness in medium and heavy-duty truck demand. GAAP net income swung to $3.08 million compared to a near-breakeven loss a year ago, while adjusted EBITDA reached $7.60 million, representing 10.2% of net sales. Looking ahead, management guided 2026 total sales flat to up approximately 5%, with new SMC compound wins entering production by late Q3 2026 and a truck cycle recovery anticipated in the second half; the company also announced a $7.50 million stock repurchase program and outlined a clear path to revenue exceeding $300 million in 2027, anchored by a new Volvo truck roof contract set to begin production in Q1 2027.
- Elevated tooling revenue drove 19.5% Q4 total sales growth
- Truck sector weakness drove full-year product sales decline of 20.2%
- Disciplined SG&A management reduced Q4 SG&A to 10.4% of net sales from 14.4%
- Gross margins maintained within 17%-19% target range despite lower volumes
“Fiscal 2025 was intensely focused on our Invest For Growth Must Win Battle – and we delivered as stated. We won $63 million in business, the majority of which was new business for Core, and over 65% of these new wins are outside our largest end markets, Truck and Powersports. We also launched proprietary sheet molding compound (SMC) into Building Products, generating close to $10 million in revenue in a large, growing addressable market. While continuing to invest for growth in 2025, we maintained disciplined operational management. We systematically improved execution through optimizing our footprint, while implementing strategies to stabilize margins, generate operating cash flow, and prepare for growth.”
Core Molding Technologies CEO, on the earnings call
Forward Guidance & Outlook
Management anticipates total sales for 2026 to be flat to up approximately 5% compared to 2025, driven by SMC compound wins entering production by end of Q3 2026 and an expected truck cycle recovery in H2 2026 with momentum continuing through 2027. The company sees a clear path to over $300 million in revenue in 2027. Capital expenditures in 2026 are expected to be approximately $25-30 million, including $18-20 million for the Mexico expansion (Matamoros facility expansion and new Monterrey plant). The pipeline is expected to deliver $150 million in incremental revenue over the next several years.
CMT YoY Financials
CMT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.