Core Molding Q1 net sales up 10% to $99.5M; diluted EPS $0.66 vs $0.46

CORE MOLDING TECHNOLOGIES INC

2023-Q1 EPS reported $0.66 revenue$99,507,000

Net sales $99.5M, up 9.8% YoY; product sales $98.3M, up 9.4%.
Net income $5.9M ($0.66 diluted EPS) vs $3.9M ($0.46) prior year.
Adjusted EBITDA $12.2M (12.3% margin) vs $9.5M (10.5% margin) prior year.
Gross margin 17.8% (up from 16.0%); operating income $8.1M (8.1% of sales).
Management highlights four strategic growth initiatives; return on capital employed 22% annualized.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CORE MOLDING TECHNOLOGIES INC reported first quarter ended March 31, 2023 results: revenue $99.5 million, net income $5.9 million, EPS $0.66 per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $99.5 million
Net income: $5.9 million
EPS: $0.66 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2023 Highlights as compared to Prior Year • Net sales of $99.5 million, up 9.8% from $90.6 million in the prior year; and product sales of $98.3 million, up 9.4%. • Gross margin of $17.7 million, or 17.8% of net sales, compared to $14.5 million or 16.0% of net sales. • Selling, general and administrative expenses of $9.7 million, or 9.7% of net sales compared to $8.5 million or 9.4%. • Operating income of $8.1 million, or 8.1% of net sales, versus operating income of $6.0 million, or 6.6% of net sales. • Net income of $5.9 million, or $0.66 per diluted share, compared to net income of $3.9 million, or $0.46 per diluted share. • Adjusted EBITDA 1 of $12.2 million, or 12.3% of net sales, compared to $9.5 million, or 10.5%.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

CORE MOLDING TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001026655-23-000058

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.