earnings
confidence high
sentiment neutral
materiality 0.65
Core Molding Q2 net sales record $98.7M (+23% YoY); EPS drops to $0.26 from $0.48
CORE MOLDING TECHNOLOGIES INC
2022-Q2 EPS reported
$0.71
revenue$189,326,000
- Net sales $98.7M, up 22.7% YoY; product sales $93.3M, up 17.9%.
- Net income $2.2M ($0.26 diluted EPS) vs $4.1M ($0.48); operating income $4.4M vs $6.2M.
- Adjusted EBITDA $7.9M (8.0% of sales) vs $9.7M (12.0%) in prior year.
- Refinanced with $75M credit facility; term loan swapped to fixed 4.75% through 2027.
- Extended Volvo supply agreement through 2027 with improved raw material recovery terms.