secwatch.observer — SEC 8-K summary
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Issuer:     CORE MOLDING TECHNOLOGIES INC (CMT)
CIK:        0001026655
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001026655-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Core Molding reports record FY2022 sales of $377M, net income $12.2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026655/000102665523000008/0001026655-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026655/000102665523000008/cmt-20230314.htm
  HTML page:      https://secwatch.observer/filing/0001026655-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer