Core Insights - Core Molding Technologies, Inc. reported new business wins of $47 million in the first half of 2025, with a focus on its "Invest For Growth" strategy, which aims to enhance long-term growth through strategic investments and partnerships [2][3] - The company announced an organic investment of $25 million to expand its Matamoros plant and establish a new facility in Monterrey, Mexico, which is expected to support new business opportunities, including a significant program with Volvo [3][5] Financial Performance - For the second quarter of 2025, total net sales were $79.2 million, a decrease of 10.7% compared to the same period in the previous year [6] - Gross margin for the second quarter was $14.3 million, or 18.1% of net sales, down from 20.0% in the prior year, primarily due to unfavorable fixed cost leverage and lower operational efficiencies [6][13] - The company reported a net income of $4.1 million, or $0.47 per diluted share, compared to $6.4 million, or $0.73 per diluted share in the prior year [13] Operational Highlights - The company generated $9.6 million in cash from operations and $5.2 million in free cash flow, maintaining a strong balance sheet with total liquidity of $93.2 million as of June 30, 2025 [5][10] - Capital expenditures for the first six months of 2025 were $4.4 million, with expectations to spend approximately $10 to $12 million throughout the year [9] Market Outlook - The company anticipates a year-over-year sales comparison improvement in the second half of 2025, projecting a manageable decline of 4% to 6% [4] - The sales mix is expected to be impacted by higher tooling sales, which may pressure gross margins compared to product sales [4] Strategic Initiatives - The "Invest For Growth" strategy is a key focus for the company, with organic growth prioritized in capital allocation, including the recent Volvo Mexico program [3][5] - The company aims to generate approximately $150 million in revenues over the next seven to ten years from long-term programs initiated with new customers [3]

Group 1 - Core Molding Technologies, Inc. will release its second quarter fiscal 2025 results on August 5, 2025, before market opens [1] - A conference call will be held on the same day at 10:00 am Eastern, available via phone and webcast [1] - The company specializes in molded structural products across various industries including building products, utilities, transportation, and powersports in North America [2] Group 2 - Core Molding operates in one segment as a molder of thermoplastic and thermoset structural products [2] - The company offers a variety of manufacturing processes such as compression molding, resin transfer molding, and structural foam injection molding [2] - Demand for Core Molding's products is influenced by economic conditions in the United States, Mexico, and Canada [2]

Core Molding Technologies (CMT) FY Conference Summary Company Overview - **Company Name**: Core Molding Technologies (CMT) - **Ticker**: CMT - **Location**: Ohio - **Founded**: 1980, originally a reverse merger with Navistar - **Current Market Focus**: Diversification beyond truck industry, with significant market shares in personal watercraft and truck sectors Key Points and Arguments Turnaround Strategy - CMT underwent a significant turnaround focused on operational efficiency and customer service improvements over the past four years [3][5][7] - The company emphasized the importance of having the right people in place and investing in equipment and systems to support growth [4][6][8] Market Position and Diversification - CMT has approximately 86% market share in the personal watercraft industry and 32% in the truck market [11] - The company aims to reduce its reliance on the truck market, which has decreased from 92% to 50% of its business over the past nine years [10] - CMT is exploring growth opportunities in golf carts, construction, agriculture, and industrial utilities [13][15][20] Financial Performance - CMT reported an adjusted EBITDA of about 10% over the last two years, with free cash flows averaging $17 million annually [69][70] - The company has a cash balance of $45 million and a debt balance of $21 million, indicating a strong financial position to pursue growth opportunities [69] Growth Initiatives - CMT is investing in its sales organization, including hiring new account managers and business development managers to enhance customer engagement and expand market reach [23][24][31] - The company has won $30 million in new business in the current year, with expectations of additional revenue from long-term contracts [31][33] Product Development and Innovation - CMT is focusing on developing new products, including structural foam for medical applications and SMC (sheet molding compound) for various industries [46][70] - The company is also exploring the use of carbon fiber in its products, aiming to provide unique solutions that meet customer demands [49][53] Acquisition Strategy - CMT is looking for acquisition opportunities that provide access to new sales channels and expand its operational footprint [27][58] - The company is targeting acquisition multiples between six and seven times earnings [57] Customer Relationships - CMT emphasizes the importance of understanding customer needs and enhancing communication to drive sales and product development [22][26] - The company has established long-term relationships with major clients, including Navistar, Volvo, and Yamaha [18] Additional Important Insights - CMT's focus on operational improvements has allowed it to stabilize its business and prepare for future growth [8][21] - The company is committed to maintaining a strong balance sheet while returning capital to shareholders through stock buybacks [68][74] - CMT's strategy includes a disciplined approach to capital allocation, targeting a return on capital employed of 14% to 16% [67][70] This summary encapsulates the key points discussed during the conference, highlighting CMT's strategic focus on growth, diversification, and operational efficiency while maintaining a strong financial position.

WASHINGTON, June 10, 2025 /PRNewswire/ -- Vanda Pharmaceuticals Inc. (Vanda) (Nasdaq: VNDA) today announced the first dose in the first-in-human clinical trial to evaluate the safety and tolerability of VCA-894A, an antisense oligonucleotide (ASO) therapeutic, for a patient with a rare variant in the IGHMBP2 gene causing Charcot-Marie-Tooth disease Type 2S (CMT2S). VCA-894A is being developed for a patient who was first diagnosed at the age of 5 with a rare subtype of CMT disease known as CMT2S.1 CMT2S is a ...

Company Overview - Core Molding Technologies, Inc. is a leading engineered materials company specializing in molded structural products primarily for building products, utilities, transportation, and powersports industries across North America [3] - The company operates in one segment as a molder of thermoplastic and thermoset structural products, offering a variety of manufacturing processes including compression molding, resin transfer molding, and structural foam injection molding [3] - Core Molding serves diverse markets such as medium and heavy-duty trucks, marine, automotive, agriculture, and construction [3] Upcoming Events - Core Molding will participate in the 15th Annual East Coast IDEAS Investor Conference on June 11, 2025, at The Westin Time Square in New York City [1] - The company will host one-on-one investor meetings and has a presentation scheduled from 2:45-3:20 PM ET on the same day [2] - Key executives attending the conference include CEO Dave Duvall, CFO Alex Panda, and COO Eric Palomaki [2]

Core Company Overview - Core Molding Technologies, Inc. is a leading engineered materials company specializing in molded structural products across various industries including building products, industrial utilities, medium and heavy-duty trucks, and powersports in North America [3] - The company operates in one segment as a molder of thermoplastic and thermoset structural products, offering a wide range of manufacturing processes to meet different program volume and investment requirements [3] Sustainability Commitment - The company released its third annual Sustainability Report, emphasizing its commitment to responsible business practices, community engagement, and environmental stewardship [1] - Core Molding aims to reduce energy use, greenhouse gas emissions, and landfill waste by 30% by the end of fiscal 2030 as part of its 30 X 30 strategy [2] - The company has implemented a monthly operations review of critical sustainability data to enhance collaboration and track progress towards its sustainability goals [2]

[Part I — Financial Information](index=3&type=section&id=Part%20I%20%E2%80%94%20Financial%20Information) [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) For Q1 2025, Core Molding Technologies reported a significant decrease in net sales and net income, with net sales falling to **$61.4 million** from **$78.1 million** and net income dropping to **$2.2 million** from **$3.8 million**, while cash flow from operations improved to **$6.1 million** [Consolidated Statements of Operations](index=3&type=section&id=Consolidated%20Statements%20of%20Operations) In Q1 2025, the company experienced a **21.4%** year-over-year decline in net sales, leading to a **40.0%** drop in operating income and a **41.9%** decrease in net income Q1 2025 vs Q1 2024 Statement of Operations (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Net sales | $61,447 | $78,145 | -21.4% | | Gross margin | $11,783 | $13,305 | -11.4% | | Operating income | $2,839 | $4,732 | -40.0% | | Net income | $2,183 | $3,759 | -41.9% | | Basic EPS | $0.25 | $0.43 | -41.9% | | Diluted EPS | $0.25 | $0.43 | -41.9% | [Consolidated Statements of Comprehensive Income](index=4&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income for Q1 2025 was **$3.1 million**, a decrease from **$3.5 million** in Q1 2024, primarily due to lower net income partially offset by an unrealized gain on foreign currency hedging derivatives Q1 2025 vs Q1 2024 Comprehensive Income (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income | $2,183 | $3,759 | | Unrealized hedge gain (loss) - Foreign currency | $1,443 | $(487) | | Unrealized hedge gain (loss) - Interest rate swaps | $(192) | $272 | | **Comprehensive Income** | **$3,061** | **$3,465** | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets increased to **$223.6 million** from **$209.6 million** at year-end 2024, driven by higher cash and accounts receivable, while total liabilities also rose to **$73.7 million** Balance Sheet Summary (in thousands) | Metric | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $44,474 | $41,803 | | Total current assets | $115,611 | $102,888 | | **Total Assets** | **$223,591** | **$209,550** | | Accounts payable | $28,289 | $17,115 | | Total current liabilities | $46,287 | $36,711 | | **Total Liabilities** | **$73,718** | **$62,189** | | **Total Stockholders' Equity** | **$149,873** | **$147,361** | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For Q1 2025, net cash provided by operating activities increased to **$6.1 million** from **$5.1 million** in Q1 2024, mainly due to favorable changes in accounts payable, while cash used in financing activities increased to **$1.7 million** due to treasury stock repurchases Q1 2025 vs Q1 2024 Cash Flows (in thousands) | Cash Flow Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $6,099 | $5,072 | | Net cash used in investing activities | $(1,772) | $(1,893) | | Net cash used in financing activities | $(1,656) | $(665) | | **Net change in cash and cash equivalents** | **$2,671** | **$2,514** | | **Cash and cash equivalents at end of period** | **$44,474** | **$26,618** | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail the company's accounting policies, revenue streams, and financial instruments, highlighting a significant year-over-year sales decline from all major customers, particularly Volvo, and the initiation of a **$7.5 million** stock repurchase program - The company operates as a single operating segment, North America, molding thermoplastic and thermoset structural products for markets including trucks, power sports, and building products[22](index=22&type=chunk)[95](index=95&type=chunk) Sales to Major Customers (in thousands) | Customer | Q1 2025 Sales | Q1 2024 Sales | Change (%) | | :--- | :--- | :--- | :--- | | International | $10,888 | $14,590 | -25.4% | | PACCAR | $9,074 | $10,195 | -11.0% | | BRP | $6,711 | $7,671 | -12.5% | | Yamaha | $6,071 | $8,582 | -29.3% | | Volvo | $4,094 | $12,720 | -67.8% | - On March 11, 2024, the Board approved a stock repurchase program of up to **$7.5 million**, under which **63,377 shares** were repurchased for **$0.9 million** during Q1 2025[83](index=83&type=chunk)[151](index=151&type=chunk) - The company utilizes a **$75 million** credit agreement with Huntington Bank, comprising a **$25 million** term loan, a **$25 million** CapEx loan, and a **$25 million** revolving loan, with the revolving and CapEx loans undrawn as of March 31, 2025[53](index=53&type=chunk)[64](index=64&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the **21.4%** Q1 sales decline to lower demand in power sports and heavy-duty truck markets, notably the transition of business with Volvo, while gross margin improved to **19.2%** from **17.0%** due to favorable pricing and efficiencies, and liquidity remains strong with **$44.5 million** in cash [Business Outlook](index=28&type=section&id=Business%20Outlook) The company projects a revenue decrease of **10% to 15%** for the first half of 2025 compared to the same period in 2024, attributed to industry projections, customer forecasts, and program ramp-downs, with an expected shift in revenue mix towards more tooling sales - The company expects revenues for the first half of 2025 to decrease by approximately **10% to 15%** compared to 2024[106](index=106&type=chunk) - A change in revenue mix is expected in 2025, with an increase in tooling revenues compared to 2024 as new programs launch[106](index=106&type=chunk) - Raw material pricing in 2025 is expected to remain flat or experience a slight increase relative to 2024, with tariffs not anticipated to have a material impact under current conditions[107](index=107&type=chunk) [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Net sales for Q1 2025 decreased by **21.4%** to **$61.4 million** from **$78.1 million** in Q1 2024, driven by a **$14.8 million** drop in product sales, primarily from the medium/heavy-duty truck and power sports markets, while gross margin improved from **17.0%** to **19.2%** - The decrease in sales is primarily the result of lower demand in power sports and medium and heavy-duty truck markets, including transitioning business with Volvo[108](index=108&type=chunk) Product Sales by Market (in thousands) | Market | Q1 2025 | Q1 2024 | Change ($) | | :--- | :--- | :--- | :--- | | Medium and heavy-duty truck | $29,560 | $41,509 | $(11,949) | | Power sports | $14,206 | $18,859 | $(4,653) | | Building products | $6,379 | $6,545 | $(166) | | Industrial and utilities | $5,370 | $3,346 | $2,024 | | All other | $5,497 | $5,572 | $(75) | | **Net product revenue** | **$61,012** | **$75,831** | **$(14,819)** | - Gross margin improved to **19.2%** in Q1 2025 from **17.0%** in Q1 2024, favorably impacted by changes in selling price, raw material costs, product mix, and operational efficiencies, which offset lower fixed cost leverage[108](index=108&type=chunk) - SG&A expense was **$8.9 million**, including **$0.5 million** in severance, with the ex-severance amount of **$8.4 million** down from **$8.6 million** in the prior year[109](index=109&type=chunk) [Liquidity and Capital Resources](index=29&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity remains robust, with cash on hand of **$44.5 million** as of March 31, 2025, net cash from operations of **$6.1 million** for the quarter, and undrawn **$25 million** revolving and CapEx loan facilities, sufficient to meet planned capital expenditures of **$10 million to $12 million** for 2025 - As of March 31, 2025, the Company had **$44.5 million** cash on hand, a **$25 million** revolving loan facility, and a **$25 million** CapEx loan facility, both with no outstanding balance[118](index=118&type=chunk) - Cash provided by operating activities for Q1 2025 totaled **$6.1 million**[115](index=115&type=chunk) - The Company anticipates spending approximately **$10 million to $12 million** during 2025 on property, plant and equipment purchases[116](index=116&type=chunk) - The company was in compliance with all financial covenants associated with its Huntington Credit Agreement as of March 31, 2025[119](index=119&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to market risks from commodity price fluctuations, interest rate changes on its variable-rate debt, and foreign currency exchange rate volatility, using derivative instruments to mitigate these risks, with a hypothetical **10%** change in interest rates not expected to materially affect earnings - Primary market risks include changes in commodity prices (resins, fiberglass), fluctuations in interest rates on variable-rate debt, and foreign currency fluctuations (Mexican Peso, Canadian Dollar)[138](index=138&type=chunk)[139](index=139&type=chunk) - The company uses derivative financial instruments to hedge exposure to fluctuations in foreign exchange rates and interest rates[138](index=138&type=chunk) - A hypothetical **10%** change in short-term interest rates would not have a material effect on earnings before tax due to an interest rate hedge[140](index=140&type=chunk) [Controls and Procedures](index=31&type=section&id=Controls%20and%20Procedures) Based on an evaluation conducted by management, including the CEO and CFO, the company concluded that its disclosure controls and procedures were effective as of March 31, 2025, with no material changes in internal controls over financial reporting during the last fiscal quarter - Management, including the CEO and CFO, concluded that the Company's disclosure controls and procedures were effective as of March 31, 2025[142](index=142&type=chunk) - No changes in internal controls over financial reporting occurred in the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, internal controls[142](index=142&type=chunk) [Part II — Other Information](index=32&type=section&id=Part%20II%20%E2%80%94%20Other%20Information) [Legal Proceedings](index=32&type=section&id=Legal%20Proceedings) The company is not currently involved in any legal proceedings that management believes are likely to have a material adverse effect on its financial position or results of operations - The Company is presently not involved in any legal proceedings which in the opinion of management are likely to have a material adverse effect on the Company's consolidated financial position or results of operations[144](index=144&type=chunk) [Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the company's risk factors from those disclosed in its Annual Report on Form 10-K for the year ended December 31, 2024 - There have been no material changes in the Company's risk factors from those previously disclosed in Core Molding Technologies' Annual Report on Form 10-K for the year ended December 31, 2024[145](index=145&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=32&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the three months ended March 31, 2025, the company repurchased a total of **82,717 shares**, with **63,377 shares** repurchased under the publicly announced stock repurchase program at an average price of **$14.50** per share, and the remaining **19,340 shares** withheld to satisfy tax obligations - The company repurchased a total of **82,717 shares** of its common stock during the three months ended March 31, 2025[146](index=146&type=chunk) - Under the publicly announced repurchase program, **63,377 shares** were repurchased in March 2025[146](index=146&type=chunk)[151](index=151&type=chunk) - As of April 30, 2025, the maximum amount that may yet be purchased under the plan was **$2.8 million**[146](index=146&type=chunk)

Financial Data and Key Metrics Changes - Revenue for Q1 was $61 million, down 21.4% year-over-year, primarily due to lower demand in the medium and heavy-duty truck vertical and powersports [13][21] - Gross margin expanded to 19.2%, up 220 basis points year-over-year and 340 basis points sequentially [12][14] - Adjusted EBITDA margin was 11.7%, an improvement from 11.2% in the previous year [18] - Net income for Q1 was $2.2 million, or diluted EPS of $0.25, compared to $3.8 million or diluted EPS of $0.43 in the same period last year [17] - Cash flow from operations exceeded $6 million, up from $5.1 million a year ago [18] Business Line Data and Key Metrics Changes - The building products sector secured $10 million in new business, while the electric vehicle battery sector contributed $5 million [10] - The company achieved 99.3% on-time delivery and maintained a quality level under 100 ppm, both industry-leading metrics [9] Market Data and Key Metrics Changes - The company expects revenues to decline between 10-15% for the first half of 2025, revised from a previous guidance of down 5-10% [21] - The decline is attributed to tooling sales shifting to the second half of the year and lower than expected product sales in the heavy and medium-duty truck market [21][22] Company Strategy and Development Direction - The company's focus for 2025 is on investing for growth, with plans to utilize restructuring savings to enhance sales resources and market analysis [15][20] - The strategy includes prioritizing high-value parts in sectors where technical differentiation provides a competitive advantage, such as construction, energy, industrial, and medical markets [26] - The company remains active in M&A discussions, with a robust pipeline aligned with strategic priorities [24] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining gross margins in the 17% to 19% range for the full year despite macroeconomic uncertainties [25] - The company is closely monitoring global trade dynamics and potential regulatory changes that may impact demand [25][22] - Management highlighted the importance of adapting quickly to customer needs and production levels in response to market conditions [23] Other Important Information - The company repurchased approximately 63,000 shares at an average price of $14.5 during the first quarter [20] - As of March 31, 2025, the company had a strong liquidity position of $94.5 million, including $44.5 million in cash [18] Q&A Session Summary Question: Insights on growth and SMC capacity - Management expressed excitement about SMC and its potential for revenue growth, highlighting shorter quote-to-cash cycles and existing capacity for production [29][30] Question: Advantages of US and Mexico footprint - Management confirmed that having production capacity in both the US and Mexico positions the company well to capitalize on opportunities as businesses consider reshoring [36][37] Question: Updates on newer markets like medical and turf protection - Management reported ongoing production in turf protection and opportunities in the medical sector, emphasizing the company's technical capabilities [38][39] Question: Details on large press upgrades - Management discussed evaluating upgrades to older presses to enhance operational speed and efficiency [41][42] Question: Thoughts on acquisition valuations - Management noted that acquisition multiples are between six and seven for companies being considered, with competitive pricing strategies in place [50]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $61 million, a decrease of 21.4% year-over-year, primarily due to lower demand in the medium and heavy-duty truck vertical and powersports [11][12] - Gross margin expanded to 19.2%, up 220 basis points year-over-year and 340 basis points sequentially, driven by a favorable product mix and operational efficiencies [11][12] - Adjusted EBITDA margin was 11.7%, an improvement from 11.2% in the previous year [15] - Net income for Q1 was $2.2 million, or diluted EPS of $0.25, compared to $3.8 million or diluted EPS of $0.43 in the same period last year [14] Business Line Data and Key Metrics Changes - The company secured over $15 million in annual new business, including $10 million in the building products sector and $5 million in the electric vehicle battery sector [8][10] - The building products sector is expected to generate approximately $5 million in revenue in 2025, with demand beginning in Q2 [8] - The electric vehicle battery program represents the second engagement with a customer, showcasing the effectiveness of customer-focused strategies [10] Market Data and Key Metrics Changes - Sales were down primarily due to lower demand in the medium and heavy-duty truck market, offset somewhat by growth in building products [11][12] - The company expects revenues for the first half of 2025 to decline between 10-15%, a revision from previous guidance of a 5-10% decline [18] Company Strategy and Development Direction - The company's strategy for 2025 focuses on investing for growth, particularly in proprietary sheet molding compound (SMC) capabilities [8][10] - The company aims to leverage its production capacity to generate annual revenues of at least $450 million [16] - The capital allocation strategy emphasizes organic and inorganic growth through acquisitions, managing debt, and share repurchases [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties affecting global manufacturing but expressed confidence in the company's ability to execute and capitalize on opportunities [7][22] - The company is monitoring global trade dynamics and potential regulatory changes, particularly regarding the EPA's 2027 rule [21][22] - Despite uncertainties, management believes gross margins can be maintained in the 17% to 19% range for the full year [22] Other Important Information - The company repurchased approximately 63,000 shares at an average price of $14.5 during the first quarter [17] - As of March 31, 2025, the company had a strong liquidity position of $94.5 million, including $44.5 million in cash [15][16] Q&A Session Summary Question: Insights on new business growth and SMC capacity - Management expressed excitement about SMC, highlighting its potential in the construction industry and the shorter quote-to-cash cycle [28][29] Question: Advantages of US and Mexico footprint - Management confirmed that having production capacity in both the US and Mexico positions the company well to capitalize on opportunities as manufacturing returns domestically [34][35] Question: Updates on new markets like medical and turf protection - Management reported ongoing success in turf protection and medical markets, with products already in production and further opportunities being explored [36][37] Question: Details on large press upgrades - Management is evaluating upgrades to older presses to enhance speed and efficiency through modern technology [39][40] Question: Thoughts on acquisition valuations - Management noted that acquisition multiples are currently between six and seven, indicating a competitive landscape for potential acquisitions [47]

Company Performance - Core Molding Technologies (CMT) reported quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share, and down from $0.43 per share a year ago, representing an earnings surprise of -24.24% [1] - The company posted revenues of $61.45 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 10.24%, and down from $78.15 million year-over-year [2] - Over the last four quarters, CMT has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - CMT shares have declined approximately 6.8% since the beginning of the year, compared to a decline of -4.3% for the S&P 500 [3] - The current consensus EPS estimate for the coming quarter is $0.60 on revenues of $80.46 million, and for the current fiscal year, it is $1.72 on revenues of $302.57 million [7] Industry Outlook - The Rubber - Plastics industry, to which CMT belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact stock performance [5][8]