Core Insights - Coherent Corp. has launched a diamond-loaded silicon carbide (SiC) ceramic composite aimed at improving thermal management in advanced AI datacenters and high-performance computing (HPC) systems [1][4] Product Features - The new diamond-silicon carbide material achieves isotropic thermal conductivity exceeding 800 W/m-K, which is twice the performance of copper, the current industry standard [2] - The composite closely matches the coefficient of thermal expansion (CTE) of silicon, making it suitable for direct integration with semiconductor devices [2] Performance Benefits - The diamond-SiC material significantly enhances reliability, extends component lifetimes, and reduces cooling costs, which can account for up to 50% of a datacenter's energy consumption [3] - The composite is designed to be corrosion-resistant, electrically insulating, and mechanically robust across a wide temperature range, making it compatible with direct liquid cooling (DLC) systems [3] Applications - Key applications for this innovation include direct to chip heat spreading, microchannel cold plates, semiconductor device substrates, and other advanced solutions where traditional copper-based materials are inadequate [3]

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 Insights - Core Molding Technologies reported a net sales decrease of 21.4% year-over-year for Q1 2025, totaling $61.4 million, primarily due to the phase-out of a truck program and weakened consumer demand in powersports [3][4][6] - Despite the revenue decline, the company achieved a gross margin of $11.8 million, representing 19.2% of net sales, an increase from 17.0% in the prior year [4][6] - Operating income fell to $2.8 million, or 4.6% of net sales, down from $4.7 million, or 6.1% of net sales, in the same quarter last year [4][6] - Net income decreased by 41.9% to $2.2 million, or $0.25 per diluted share, compared to $3.8 million, or $0.43 per diluted share, in Q1 2024 [4][6] - Adjusted EBITDA was $7.2 million, or 11.7% of net sales, down from $8.7 million, but improved sequentially from 9.2% in the previous quarter [4][6] Financial Performance - Selling, general, and administrative expenses increased to $8.9 million, or 14.6% of net sales, compared to $8.6 million, or 11.0% in Q1 2024 [4][6] - The company repurchased 63,377 shares at an average price of $14.50, investing approximately $2 million in stock buybacks in 2025 [4][7] - Total liquidity at the end of Q1 2025 was $94.5 million, including $44.5 million in cash and $50 million in undrawn credit facilities [8] Market Outlook - The trucking sector is experiencing varied demand scenarios for 2025, with expectations of a recovery in the second half of the year driven by pre-buy activity and new program launches [5][6] - The company anticipates that its sales mix will shift towards higher Tooling sales, which typically have lower gross margins than Product sales, impacting overall profitability [6] - Core Molding expects full-year gross margins to remain in the range of 17% to 19% despite the projected mix shift [6]

Company Overview - Core Molding Technologies, Inc. is a leading engineered materials company specializing in molded structural products primarily for the building products, utilities, transportation, and powersports industries across North America [4] - 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 [4] - Core Molding serves diverse markets such as medium and heavy-duty trucks, marine, automotive, agriculture, and construction, with demand influenced by economic conditions in the U.S., Mexico, and Canada [4] Upcoming Financial Results - Core Molding will release its first quarter fiscal 2025 results on May 8, 2025, before the market opens [1] - A conference call will be held on the same day at 10:00 am Eastern, which will be broadcast live over the internet [1]