Core Molding Technologies (CMT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 56.52%. A quarter ago, it was expected that this maker of fiber reinforced plastics would post earnings of $0.42 per share when it actually produced earnings of $0.73, delivering a surprise of 73.81%.Over ...

Financial Performance - Total net sales for Q3 2024 were $73.0 million, a decrease of 15.8% compared to Q3 2023[2] - Gross margin for Q3 2024 was $12.3 million, or 16.9% of net sales, down from 17.6% in Q3 2023[2] - Operating income for Q3 2024 was $3.6 million, or 4.9% of net sales, compared to $5.9 million, or 6.8% of net sales in Q3 2023[2] - Net income for Q3 2024 was $3.2 million, or $0.36 per diluted share, down from $4.4 million, or $0.49 per diluted share in Q3 2023[2] - Adjusted EBITDA for Q3 2024 was $7.5 million, or 10.3% of net sales, compared to $9.8 million, or 11.3% in Q3 2023[2] - Net product revenue for Q3 2024 was $71,258,000, a decrease of 12% from $80,896,000 in Q3 2023[15] - The company reported a net income of $3,160,000 for Q3 2024, a decline of 27% compared to $4,354,000 in Q3 2023[22] Liquidity and Capital Structure - Total available liquidity at the end of Q3 2024 was $92.3 million, including $42.3 million in cash[9] - Cash and cash equivalents rose significantly to $42,348,000 from $24,104,000, marking an increase of 76%[16] - Total liabilities decreased to $72,811,000 as of September 30, 2024, from $74,424,000 at the end of 2023, a reduction of 2%[17] - The debt-to-trailing twelve months Adjusted EBITDA ratio is 0.64, indicating a manageable level of debt relative to earnings[23] - Structured debt amounts to $21,978,000, while total equity is $147,840,000[24] Cash Flow - Cash flows from operating activities provided $30,162,000 in Q3 2024, an increase from $26,149,000 in Q3 2023[18] - Free cash flow for the nine months ended September 30, 2024, was $23,117,000, compared to $19,346,000 for the same period in 2023[26] - Cash flow provided by operations for 2024 was $30,162,000, up from $26,149,000 in 2023[26] Capital Expenditures - Capital expenditures for the first nine months of 2024 were $7.0 million, with an anticipated total of $11 to $13 million for the full year[8] - Purchase of property, plant, and equipment for 2024 was $7,045,000, compared to $6,803,000 in 2023[26] Future Outlook - The company expects full year 2024 revenues to decline approximately 17% due to a challenging demand environment[6] - The company has a growing sales opportunity pipeline of over $275 million, with a quote-to-cash cycle of 12 to 18 months[6] - The company plans to continue focusing on market expansion and new product development to drive future growth[19] - Future outlook includes continued investment in new technologies and market expansion strategies[24] - The company aims to maintain a strong return on capital employed through strategic financial management[25] Operational Efficiency - The company is focusing on improving operational efficiency to enhance cash flow generation[24] - Return on capital employed for the trailing twelve months is 10.8%, increasing to 14.4% when excluding cash[25] - Total capital employed, excluding cash, is $127,470,000[25]

The Western Union Company (WU) is set to report its third-quarter 2024 results on Oct. 23, after the closing bell. The Zacks Consensus Estimate for third-quarter earnings is currently pegged at 44 cents per share, implying growth of 2.3% from the year-ago reported number. The estimate remained stable over the past month. Image Source: Zacks Investment Research Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for third-quarter revenues is currently pegged ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from ____________ to Commission File Number 001-12505 CORE MOLDING TECHNOLOGIES, INC. _______________________________________________________________ (Exact ...

Core Molding Technologies, Inc. (NYSE:CMT) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Sandy Martin - IR, Three Part Advisers Dave Duvall - President and CEO John Zimmer - EVP and CFO Conference Call Participants Chip Moore - Roth MKM Operator Good morning, everyone. Welcome to the Core Molding Technologies Second Quarter Fiscal 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being re ...

Core Molding Technologies (CMT) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 73.81%. A quarter ago, it was expected that this maker of fiber reinforced plastics would post earnings of $0.26 per share when it actually produced earnings of $0.43, delivering a surprise of 65.38%. Ove ...

FOR IMMEDIATE RELEASE Core Molding Technologies Reports Fiscal 2024 Second Quarter Results COLUMBUS, OH, August 6, 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 th ...

By Phone: About Core Molding Technologies, Inc. Investor Relations Contact: Three Part Advisors, LLC Sandy Martin or Steven Hooser 214-616-2207 COLUMBUS, Ohio, July 17, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE:CMT) ("Core Molding", "Core" or the "Company"), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America, today announces that it will release its ...

COLUMBUS, Ohio, July 17, 2024 (GLOBE NEWSWIRE) -- 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, utilities, transportation and powersports industries across North America, today announces that it will release its second quarter fiscal year 2024 results on Tuesday, August 6, 2024, before the market opens. In conjunction with the release, the Com ...

One company to watch right now is Core Molding Technologies (CMT) . CMT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sal ...