0001026655false00010266552024-05-072024-05-0700010266552023-05-092023-05-09
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2024
Core Molding Technologies, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware | 001-12505 | 31-1481870 | |
| (State or other jurisdiction incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |
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| 800 Manor Park Drive, Columbus, Ohio | | 43228-0183 | |
| (Address of principal executive office) | | (Zip Code) | |
Registrant’s telephone number, including area code: (614) 870-5000
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, par value $0.01 | CMT | NYSE American LLC |
Preferred Stock purchase rights, par value $0.01 | N/A | NYSE American LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
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Item 2.02 | Results of Operations and Financial Condition. |
On May 7, 2024, the Company announced financial results for the first quarter ended March 31, 2024. A copy of the press release announcing this event is included in this Form 8-K as Exhibit 99.1.
Item 9.01 Finance Statements and Exhibits.
(d) Exhibits
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Exhibit Number | | Description |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | CORE MOLDING TECHNOLOGIES, INC. |
| | |
Date: May 7, 2024 | | By: | | /s/ John P. Zimmer |
| | Name: | | John P. Zimmer |
| | Title: | | Executive Vice President, Treasurer, Secretary and Chief Financial Officer |
FOR IMMEDIATE RELEASE
Core Molding Technologies Reports Fiscal 2024 First Quarter Results
COLUMBUS, OH, May 7, 2024 – Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today reports financial and operating results for the three months ended March 31, 2024.
First Quarter 2024 Highlights
•Total net sales of $78.1 million decreased 21.5% compared to the prior year first quarter. Sequentially, first quarter net sales improved by 5.9%, up from $73.8 million in the 2023 fourth quarter.
•Gross margin of $13.3 million, or 17.0% of net sales, decreased from 17.8% of net sales compared to the prior year first quarter. Sequentially, gross margin improved 220 basis points from 14.8% in the 2023 fourth quarter.
•Selling, general, and administrative expenses of $8.6 million, or 11.0% of net sales, compared to $9.7 million, or 9.7% for the prior year first quarter.
•Operating income of $4.7 million, or 6.1% of net sales, compared to operating income of $8.1 million, or 8.1% of net sales for the prior year first quarter.
•Net income of $3.8 million, or $0.43 per diluted share, compared to net income of $5.9 million, or $0.66 per diluted share for the prior year first quarter.
•Adjusted EBITDA1 of $8.7 million, or 11.2% of net sales, compared to $12.2 million, or 12.3% for the prior year first quarter. Sequentially, Adjusted EBITDA as a percent of net sales improved to 11.2% compared to 8.9% in the 2023 fourth quarter.
1Adjusted EBITDA is a non-GAAP financial measure as defined and reconciled below.
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| Three months ended | | |
| March 31, | | December 31, | | | | |
| 2024 | | 2023 | | % Change | | 2023 | | % Change | | | | |
Net sales | $ | 78,145 | | | $ | 99,507 | | | (21.5) | % | | $ | 73,778 | | | 5.9 | % | | | | |
| | | | | | | | | | | | | |
Gross margin | 13,305 | | | 17,743 | | | (25.0) | % | | 10,937 | | | 21.7 | % | | | | |
Operating income | 4,732 | | | 8,075 | | | (41.4) | % | | 2,517 | | | 88.0 | % | | | | |
Net income | 3,759 | | | 5,852 | | | (35.8) | % | | 2,182 | | | 72.3 | % | | | | |
Adjusted EBITDA1 | 8,743 | | | 12,196 | | | (28.3) | % | | 6,532 | | | 33.8 | % | | | | |
| | | | | | | | | | | | | |
Gross margin as a percent of sales | 17.0 | % | | 17.8 | % | | | | 14.8 | % | | | | | | |
Operating income as a percent of sales | 6.1 | % | | 8.1 | % | | | | 3.4 | % | | | | | | |
Net income as a percent of sales | 4.8 | % | | 5.9 | % | | | | 3.0 | % | | | | | | |
Adjusted EBITDA as a percent of sales1 | 11.2 | % | | 12.3 | % | | | | 8.9 | % | | | | | | |
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Net income per common share | | | | | | | | | | | | | |
Basic | $ | 0.43 | | | $ | 0.69 | | | (37.7) | % | | $ | 0.25 | | | 72.0 | % | | | | |
Diluted | $ | 0.43 | | | $ | 0.66 | | | (34.8) | % | | $ | 0.25 | | | 72.0 | % | | | | |
David Duvall, the Company's President and Chief Executive Officer, said, "Our business is in a significantly better position today than we were just two years ago. Through our "Must Win Battles," we have significantly improved our operational efficiency and finalized the implementation of our market-based pricing. Our diversification across multiple industries has reduced our exposure to specific industry cycles and we provide customers with sole sourced products that are foundational to their long-term growth plans. During this current demand slow down we are focused on continuous improvements to reduce overall cost and invest for growth. Our opportunity pipeline is over $200 million and remains strong as the products and processes we provide are the desired solution for many applications. Core provides key components and solutions to blue chip customers in major industries whose products will be in demand for many years.
“We are well positioned to now focus on growing the business. We are, and will continue to, invest in our sales development structure and technical capabilities. Our technical, engineered solutions allow us to work on new environmentally friendly and sustainable products, which positions Core Molding well for infrastructure project opportunities driven by the Buy America, Build America (BABA) Act. There is a growing need for recyclable durable lightweight solutions in all industries we serve."
John Zimmer, the Company’s EVP and Chief Financial Officer, commented, “Last quarter, we signaled double-digit sales declines for 2024 compared to 2023, and we expect the first half of 2024 declines to be higher than second half 2024 declines. First quarter aligned with our expectations due to tougher comparisons from channel de-stocking and demand shifts in end markets. We anticipate second quarter 2024 demand levels to be similar to first quarter 2024 demand levels. We still anticipate a full year sales decrease of 10% to 15%, consistent with previous guidance.
“Despite product mix shifts and operational de-leverage in the first quarter, I want to highlight that we held our gross margins to 17.0%, which improved over the fourth quarter of 2023. As we anticipated future sales demand decreases at the end of 2023, the Company expeditiously executed our cost reduction plans in order to maintain gross margin within our targeted range.
"The Company is well positioned operationally to continue to adjust for changing demand levels. Our financial position is strong, and at March 31st 2024, we had approximately $77 million of available liquidity to make investments in both organic and inorganic opportunities. We also generated Free Cash Flow1 this quarter of over $3 million, higher than the year-ago period. "
1Free Cash Flow is a non-GAAP financial measure as defined and reconciled below.
2024 Capital Expenditures
The Company’s capital expenditures for first quarter 2024 were $1.9 million. The Company anticipates spending approximately $13 million, during 2024 on property, plant and equipment purchases for all of the Company's operations.
Financial Position at March 31, 2024
The Company’s total liquidity at the end of the first fiscal quarter 2024 was $76.6 million, with $26.6 million in cash, $25.0 million of undrawn capacity under the Company’s revolving credit facility and $25.0 million of undrawn capacity under the Company's capex credit facility. The Company’s term debt was $22.7 million at March 31, 2024. The term debt-to-trailing twelve months Adjusted EBITDA1 was less than one times Adjusted EBITDA1 at the end of the fiscal first quarter. The Company had a return on capital employed1 of 14.0% for the trailing twelve months.
1 Adjusted EBITDA and return on capital employed are non-GAAP financial measures as defined and reconciled below.
Conference Call
The Company will conduct a conference call today at 10:00 a.m. Eastern Time to discuss financial and operating results for the quarter ended March 31, 2024. To access the call live by phone, dial (844) 881-0134 and ask for the Core Molding Technologies call at least 10 minutes prior to the start time. A telephonic replay will be available through May 14, 2024, by calling (877) 344-7529 and using passcode ID: 6650623#. A webcast of the call will also be available live and for later replay on the Company’s Investor Relations website at www.coremt.com/investor-relations/events-presentations/.
About Core Molding Technologies, Inc.
Core Molding Technologies is a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America. The Company operates in one operating segment as a molder of thermoplastic and thermoset structural products. The Company’s operating segment consists of one reporting unit, Core Molding Technologies. The Company offers customers a wide range of manufacturing processes to fit various program volume and investment requirements. These processes include compression molding of sheet molding compound (“SMC”), resin transfer molding (“RTM”), liquid molding of dicyclopentadiene (“DCPD”), spray-up and hand-lay-up, direct long-fiber thermoplastics (“DLFT”) and structural foam and structural web injection molding (“SIM”). Core Molding Technologies serves a wide variety of markets, including the medium and heavy-duty truck, marine, automotive, agriculture, construction, and other commercial products. The demand for Core Molding Technologies’ products is affected by economic conditions in the United States, Mexico, and Canada. Core Molding Technologies’ operations may change proportionately more than revenues from operations.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that are subject to risks and uncertainties. These statements often include words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “will”, “should”, “could”, “would”, “project”, “continue”, “likely”, and similar expressions. In particular, this press release may contain forward-looking statements about the Company’s expectations for future periods with respect to its plans to improve financial results, the future of the Company’s end markets. Factors that could cause actual results to differ from those reflected in forward-looking statements relating to our operations and business include: dependence on certain major customers, and potential loss of any major customer due to completion of existing production programs or otherwise; general macroeconomic, social, regulatory and political conditions, including uncertainties surrounding volatility in financial markets; changes in the plastics, transportation, marine and commercial product industries (including changes in demand for production), efforts of the Company to expand its customer base and develop new products to diversify markets, materials and processes and increase operational enhancements; the Company’s initiatives to quote and execute manufacturing processes for new business, acquire raw materials, address inflationary pressures, regulatory matters and labor relations; the Company’s financial position or other financial information; and other risks and uncertainties described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and our subsequent quarterly reports, all of which are available on the SEC and Company website. These statements are based on certain assumptions that the Company has made in light of its experience as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including those included in the Company’s filings with the SEC. There can be no assurance that statements made in this press release relating to future events will be achieved. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.
Company Contact:
Core Molding Technologies, Inc.
John Zimmer
Executive Vice President & Chief Financial Officer
614-870-5604
Investor Relations Contact:
Three Part Advisors, LLC
Sandy Martin or Steven Hooser
214-616-2207
- Financial Statements Follow –
Core Molding Technologies, Inc.
Consolidated Statements of Operations
(unaudited, in thousands, except share and per share data)
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| Three months ended March 31, | | |
| 2024 | | 2023 | | | | |
| | | | | | | |
Net sales: | | | | | | | |
Products | $ | 75,831 | | | $ | 98,337 | | | | | |
Tooling | 2,314 | | | 1,170 | | | | | |
Total net sales | 78,145 | | | 99,507 | | | | | |
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Total cost of sales | 64,840 | | | 81,764 | | | | | |
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Gross margin | 13,305 | | | 17,743 | | | | | |
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Selling, general and administrative expense | 8,573 | | | 9,668 | | | | | |
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Operating income | 4,732 | | | 8,075 | | | | | |
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Other income and expense | | | | | | | |
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Net interest expense | 82 | | | 356 | | | | | |
Net periodic post-retirement benefit | (138) | | | (52) | | | | | |
Total other (income) and expense | (56) | | | 304 | | | | | |
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Income before income taxes | 4,788 | | | 7,771 | | | | | |
| | | | | | | |
Income tax expense | 1,029 | | | 1,919 | | | | | |
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Net income | $ | 3,759 | | | $ | 5,852 | | | | | |
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Net income per common share: | | | | | | | |
Basic | $ | 0.43 | | | $ | 0.69 | | | | | |
Diluted | $ | 0.43 | | | $ | 0.66 | | | | | |
Core Molding Technologies, Inc.
Product Sales by Market
(unaudited, in thousands)
| | | | | | | | | | | |
| Three months ended March 31, |
| 2024 | | 2023 |
Medium and heavy-duty truck | $ | 41,509 | | | $ | 49,516 | |
Power sports | 18,859 | | | 22,036 | |
Building products | 6,545 | | | 11,787 | |
Industrial and utilities | 3,346 | | | 6,430 | |
All other | 5,572 | | | 8,568 | |
Net product revenue | $ | 75,831 | | | $ | 98,337 | |
Core Molding Technologies, Inc.
Consolidated Balance Sheets
(in thousands)
| | | | | | | | | | | |
| As of | | |
| March 31, | | As of |
| 2024 | | December 31, |
| (unaudited) | | 2023 |
Assets: | | | |
Current assets: | | | |
Cash and cash equivalents | $ | 26,618 | | | $ | 24,104 | |
Accounts receivable, net | 40,082 | | | 41,711 | |
Inventories, net | 23,861 | | | 22,063 | |
Prepaid expenses and other current assets | 12,676 | | | 15,001 | |
Total current assets | 103,237 | | | 102,879 | |
| | | |
Right of use asset | 3,302 | | | 3,802 | |
Property, plant and equipment, net | 80,398 | | | 81,185 | |
Goodwill | 17,376 | | | 17,376 | |
Intangibles, net | 5,617 | | | 6,017 | |
Other non-current assets | 2,337 | | | 2,118 | |
Total Assets | $ | 212,267 | | | $ | 213,377 | |
| | | |
Liabilities and Stockholders' Equity: | | | |
Liabilities: | | | |
Current liabilities: | | | |
Current portion of long-term debt | $ | 1,624 | | | $ | 1,468 | |
| | | |
Accounts payable | 24,260 | | | 23,958 | |
Contract liabilities | 4,222 | | | 5,204 | |
Compensation and related benefits | 6,711 | | | 10,498 | |
Accrued other liabilities | 5,406 | | | 5,058 | |
Total current liabilities | 42,223 | | | 46,186 | |
| | | |
Other non-current liabilities | 3,316 | | | 3,759 | |
Long-term debt | 21,061 | | | 21,519 | |
Post retirement benefits liability | 2,852 | | | 2,960 | |
Total Liabilities | 69,452 | | | 74,424 | |
| | | |
Stockholders' Equity: | | | |
Common stock | 87 | | | 86 | |
Paid in capital | 44,004 | | | 43,265 | |
Accumulated other comprehensive income, net of income taxes | 5,007 | | | 5,301 | |
Treasury stock | (32,111) | | | (31,768) | |
Retained earnings | 125,828 | | | 122,069 | |
Total Stockholders' Equity | 142,815 | | | 138,953 | |
Total Liabilities and Stockholders' Equity | $ | 212,267 | | | $ | 213,377 | |
Core Molding Technologies, Inc.
Consolidated Statements of Cash Flows
(unaudited, in thousands)
| | | | | | | | | | | |
| Three months ended March 31, |
| 2024 | | 2023 |
Cash flows from operating activities: | | | |
Net income | $ | 3,759 | | | $ | 5,852 | |
Adjustments to reconcile net income to net cash used in operating activities: | | | |
Depreciation and amortization | 3,292 | | | 3,410 | |
Loss on disposal of property, plant and equipment | — | | | 80 | |
| | | |
Share-based compensation | 739 | | | 731 | |
| | | |
Losses (gain) on foreign currency | (214) | | | 81 | |
Change in operating assets and liabilities: | | | |
Accounts receivable | 1,629 | | | (8,240) | |
Inventories | (1,798) | | | (1,139) | |
Prepaid and other assets | 1,908 | | | (450) | |
Accounts payable | 280 | | | 4,209 | |
Accrued and other liabilities | (4,254) | | | 324 | |
Post retirement benefits liability | (269) | | | (211) | |
Net cash provided by operating activities | 5,072 | | | 4,647 | |
Cash flows from investing activities: | | | |
Purchase of property, plant and equipment | (1,893) | | | (2,127) | |
Net cash used in investing activities | (1,893) | | | (2,127) | |
Cash flows from financing activities: | | | |
Gross borrowings on revolving loans | — | | | (35,369) | |
Gross repayment on revolving loans | — | | | 33,505 | |
Payments for taxes related to net share settlement of equity awards | (343) | | | (23) | |
Payment on principal on term loans | (322) | | | (324) | |
Net cash used in financing activities | (665) | | | (2,211) | |
Net change in cash and cash equivalents | 2,514 | | | 309 | |
Cash and cash equivalents at beginning of period | 24,104 | | | 4,183 | |
Cash and cash equivalents at end of period | $ | 26,618 | | | $ | 4,492 | |
Cash paid for: | | | |
Interest | $ | 291 | | | $ | 345 | |
Income taxes | $ | 326 | | | $ | 1,931 | |
Non cash investing activities: | | | |
Fixed asset purchases in accounts payable | $ | 489 | | | $ | 262 | |
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Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Core Molding management uses non-GAAP measures in its analysis of the Company's performance. Investors are encouraged to review the reconciliation of non-GAAP financial measures to the comparable GAAP results available in the accompanying tables.
Reconciliation of Non-GAAP Financial Measures
Adjusted EBITDA represents net income before, as applicable from time to time, (i) interest expense, net, (ii) provision (benefit) for income taxes, (iii) depreciation and amortization of long-lived assets, (iv) share based compensation expense, (v) plant closure costs, and (vi) nonrecurring legal settlement costs and associated legal expenses unrelated to the Company's core operations. Debt-to-trailing twelve months adjusted EBITDA represents total outstanding debt divided by trailing twelve months Adjusted EBITDA. Free Cash Flow represents net cash (used in) provided by operating activities less purchase of property, plant and equipment. Trailing twelve months return on capital employed represents the trailing twelve months earnings before (i) interest expense, net and (ii) provision (benefit) for income taxes divided by (i) stockholders' equity and (ii) current and long-term debt.
We present Adjusted EBITDA, Adjusted EBITDA as a percent of net sales, debt-to-trailing twelve months adjusted EBITDA, Free Cash Flow and trailing twelve months Return on Capital Employed because management uses these measures as key performance indicators, and we believe that securities analysts, investors and others use these measures to evaluate companies in our industry. These measures have limitations as analytical tools and should not be considered in isolation or as an alternative to performance measure derived in accordance with GAAP as an indicator of our operating performance. Our calculation of these measures may not be comparable to similarly named measures reported by other companies. The following tables present reconciliations of net income to Adjusted EBITDA, and Cash Flow from Operating Activities to Free Cash Flow, the most directly comparable GAAP measures, and Debt to trailing twelve months adjusted EBITDA and trailing twelve months Return on Capital Employed, for the periods presented:
Core Molding Technologies, Inc.
Net Income to Adjusted EBITDA Reconciliation
(unaudited, in thousands)
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| Three months ended | | |
| March 31, | | December 31, | | | | |
| 2024 | | 2023 | | 2023 | | | | |
Net income | $ | 3,759 | | | $ | 5,852 | | | $ | 2,182 | | | | | |
Provision for income taxes | 1,029 | | | 1,919 | | | 223 | | | | | |
Total other expenses(1) | (56) | | | 304 | | | 112 | | | | | |
Depreciation and amortization | 3,272 | | | 3,390 | | | 3,315 | | | | | |
Share-based compensation | 739 | | | 731 | | | 700 | | | | | |
Adjusted EBITDA | $ | 8,743 | | | $ | 12,196 | | | $ | 6,532 | | | | | |
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Adjusted EBITDA as a percent of net sales | 11.2 | % | | 12.3 | % | | 8.9 | % | | | | |
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(1)Includes net interest expense and non-cash periodic post-retirement benefit cost. |
Core Molding Technologies, Inc.
Computation of Debt to Trailing Twelve Months Adjusted EBITDA
(unaudited, in thousands)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Q2 2023 | | Q3 2023 | | Q4 2023 | | Q1 2024 | | Trailing Twelve Months |
Net income | $ | 7,936 | | | $ | 4,354 | | | $ | 2,182 | | | $ | 3,759 | | | $ | 18,231 | |
Provision for income taxes | 1,893 | | | 1,386 | | | 223 | | | 1,029 | | | 4,531 | |
Total other expenses(1) | 241 | | | 135 | | | 112 | | | (56) | | | 432 | |
Depreciation and amortization | 2,918 | | | 3,208 | | | 3,315 | | | 3,272 | | | 12,713 | |
Share-based compensation | 756 | | | 736 | | | 700 | | | 739 | | | 2,931 | |
Adjusted EBITDA | $ | 13,744 | | | $ | 9,819 | | | $ | 6,532 | | | $ | 8,743 | | | $ | 38,838 | |
| | | | | | | | | |
Total Outstanding Term Debt as of March 31, 2024 | | $ | 22,685 | |
| | | | | | | | | |
Debt to Trailing Twelve Months Adjusted EBITDA | | 0.58 | |
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(1)Includes net interest expense and non-cash periodic post-retirement benefit cost. |
Core Molding Technologies, Inc.
Computation of Trailing Twelve Months Return on Capital Employed
(unaudited, in thousands)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Q2 2023 | | Q3 2023 | | Q4 2023 | | Q1 2024 | | Trailing Twelve Months |
Operating Income | $ | 10,070 | | | $ | 5,875 | | | $ | 2,517 | | | $ | 4,732 | | | $ | 23,194 | |
| | | | | | | | | |
Equity | | $ | 142,815 | |
Structured Debt | | 22,685 | |
Total Capital Employed | | $ | 165,500 | |
| | | | | | | | | |
Return on Capital Employed | | 14.0 | % |
Core Molding Technologies, Inc.
Free Cash Flow
Three Months Ended March 31, 2024 and 2023
(unaudited, in thousands)
| | | | | | | | | | | |
| 2024 | | 2023 |
Cash flow provided by operations | $ | 5,072 | | | $ | 4,647 | |
Purchase of property, plant and equipment | (1,893) | | | (2,127) | |
Free cash flow | $ | 3,179 | | | $ | 2,520 | |
v3.24.1.u1
Cover Page
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May 07, 2024 |
May 09, 2023 |
Cover [Abstract] |
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Document Type |
8-K
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Document Period End Date |
May 07, 2024
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Entity Registrant Name |
Core Molding Technologies, Inc.
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Entity Incorporation, State or Country Code |
DE
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Entity File Number |
001-12505
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Entity Tax Identification Number |
31-1481870
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Entity Address, Address Line One |
800 Manor Park Drive
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Entity Address, City or Town |
Columbus
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Entity Address, State or Province |
OH
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Entity Address, Postal Zip Code |
43228-0183
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City Area Code |
614
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Local Phone Number |
870-5000
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Written Communications |
false
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Soliciting Material |
false
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Pre-commencement Tender Offer |
false
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Pre-commencement Issuer Tender Offer |
false
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Title of 12(b) Security |
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Common Stock, par value $0.01
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Trading Symbol |
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CMT
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Security Exchange Name |
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NYSEAMER
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Entity Emerging Growth Company |
false
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Document Information [Line Items] |
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Document Period End Date |
May 07, 2024
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Entity Registrant Name |
Core Molding Technologies, Inc.
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Entity Central Index Key |
0001026655
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Amendment Flag |
false
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