Accumulated Other Comprehensive Treasury Retained Table of Contents Table of Contents 6 Core Molding Technologies and its subsidiaries operate in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. The Company produces and sells molded products for varied markets, including medium and heavy-duty trucks, power sports, building products, industrial and utilities, and other commercial markets. Core Molding Technologies has its headquarters in ...

Financial Data and Key Metrics Changes - In Q2 2023, net sales were $97.7 million, a slight decrease from $98.7 million in the previous year, while product sales increased by 2.6% due to flat customer demand and increased pricing to recover raw material costs [16][20] - Gross margin improved to 21%, the highest in over a decade, driven by operational efficiencies and material cost recoveries [9][47] - Operating income rose to $10.1 million, more than double the $4.4 million reported in the same quarter last year, with operating income margins increasing by 590 basis points to 10.3% [18][19] - Net income reached $7.9 million, or $0.91 per diluted share, compared to $0.26 per diluted share in the prior year, marking an increase of over 250% [19] - For the first half of 2023, net sales totaled $197.2 million, up 4.2% year-over-year, with product sales increasing by 5.9% [20][52] Business Line Data and Key Metrics Changes - The company continues to see strength in transportation and power sports industries, while building products experienced a softening in Q2 [41] - New contracts signed in the industrial and utilities categories are expected to contribute approximately $12 million in annualized revenue starting in 2023 and early 2024 [12] Market Data and Key Metrics Changes - The company noted a negative impact of about 100 basis points on gross margin due to the weakening of the US dollar against the Canadian dollar and peso [17] - The anticipated return to normal seasonality is expected to result in lower sales and gross margin percentages in the second half of 2023 compared to the first half [22] Company Strategy and Development Direction - The company is focused on four strategic growth initiatives: revenue growth, technical solution sales, profitability improvements, and free cash flow generation [26] - The Must Win Battle for 2023 emphasizes operational excellence and productivity improvements across all core locations [38][79] - The company is exploring opportunities for expansion through acquisitions, facility expansions, or greenfield sites, depending on strategic benefits [80] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the remainder of 2023, highlighting that first-half performance has set a strong foundation for the full year [60] - The company is monitoring demand and customer forecasts for the second half of 2023 and into 2024 [60] - Management acknowledged the challenges posed by labor costs and emphasized ongoing efforts to improve workforce conditions and training [104] Other Important Information - The company reported a trailing 12-month adjusted EBITDA of $40.5 million, the highest in its history [46] - Free cash flow for the first half of 2023 was $14.4 million, with expectations for continued positive cash flow generation [54] Q&A Session Summary Question: How does seasonality affect sales? - Management confirmed a return to normal seasonality, with Q1 and Q2 being the highest and Q3 tailing off [32] Question: What is the outlook for productivity improvements? - The company is on track for a 15% productivity improvement, with expectations for overall throughput to reach at least 20% [66] Question: What are the expectations for gross margin in the second half of the year? - Management indicated that gross margins might be at the lower end of the 17% to 19% range due to seasonality and volume impacts [85] Question: How will the company approach capital allocation for expansion? - The company plans to remain conservative with leverage, aiming for a debt-to-EBITDA ratio of 2 to 2.5 times for any acquisitions [76][111] Question: What is the current labor situation? - The company is focusing on improving onboarding and training to retain skilled labor and enhance workplace conditions [104]

Table of Contents ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated Filer ☒ Smaller reporting company ☒ Emerging growth company ☐ As of August 7, 2023, the latest practicable date, 9,001,199 shares of the registrant's common stock were issued, which includes 398,127 shares of unvested stock awards. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly p ...

Core Molding Technologies, Inc. (NYSE:CMT) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Sandra Martin - IR, Three Part Advisors David Duvall - President & CEO John Zimmer - EVP & CFO Conference Call Participants Chip Moore - EF Hutton Operator Good morning, everyone. Welcome to the Core Molding Technologies' First Quarter Fiscal 2023 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. Now I will turn the call over to Sandy Mar ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR | --- | --- | |---------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------| | Commission File CORE MOLDING \n(Exact name of registrant \nDelaware | Number 001-12505 TECHNOLO ...

Core Molding Technologies, Inc. (NYSE:CMT) Q4 2022 Earnings Conference Call March 14, 2023 10:00 AM ET Company Participants Dave Duvall - President & CEO John Zimmer - EVP & CFO Sandy Martin - IR, Three Part Advisors Conference Call Participants Chip Moore - EF Hutton Operator Good morning, and welcome to the Core Molding Technologies Fourth Quarter and Fiscal Full-Year 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded today. I would now like to turn the call o ...

800 Manor Park Drive, Columbus, Ohio 43228-0183 (Address of principal executive office) (Zip Code) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨ No þ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exch ...

Core Molding Technologies, Inc. (NYSE:CMT) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Steven Hooser - Three Part Advisors, LLC Dave Duvall - President and Chief Executive Officer John Zimmer - Executive Vice President and Chief Financial Officer Conference Call Participants Chip Moore - EF Hutton Mike Hughes - SGF Capital JP Geygan - Global Value Investment Corporation Operator Good morning, everyone and welcome to the Core Molding Technologies Third Quarter Fiscal 20 ...

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 September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |---------------------------------------------------------------------------------|--------------------------------------------------------------------------------- ...

Core Molding Technologies, Inc. (NYSE:CMT) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Sandy Martin - IR David Duvall - President and CEO John Zimmer - EVP and CFO Conference Call Participants Chip Moore - EF Hutton Jeffrey Geygan - Global Value Investment Corporation Justyn Putnam - Talanta Investment Group Operator Good morning, everyone. Welcome to the Core Molding Technologies Second Quarter Fiscal 2022 Financial Results Conference Call. As a reminder, this conferenc ...