earnings
confidence high
sentiment positive
materiality 0.75
Core Molding reports record FY2022 sales of $377M, net income $12.2M
CORE MOLDING TECHNOLOGIES INC
- Q4 net sales $86.4M (+18% YoY); product sales $83.1M (+22% YoY).
- FY2022 net income $12.2M ($1.44 diluted EPS) vs $4.7M ($0.55) prior year.
- Adjusted EBITDA FY2022 $31.9M (8.5% of sales) vs $26.7M (8.7%) prior year.
- FY2022 capex $16.6M; 2023 guidance ~$13M. Refinanced debt with $75M facility; term debt $24.2M.
- Reversed $2.4M valuation allowance on NOLs; longer-term goal of $500M sales and 14-16% ROCE.