Core Molding Q2 EPS $0.91, up 250% YoY; gross margin hits 21.0%

CORE MOLDING TECHNOLOGIES INC

2023-Q2 EPS reported $1.59 revenue$197,232,000

Net sales $97.7M (flat YoY); product sales up 2.6% to $95.7M.
Gross margin 21.0% vs 13.2% a year ago; operating income $10.1M vs $4.4M.
Net income $7.9M ($0.91 diluted EPS) vs $2.2M ($0.26); Adjusted EBITDA $13.7M.
Full-year gross margin expected 17-19% vs prior 13.9%; capex plan $11-13M.
Cash $14.2M; total liquidity $64.2M; term debt-to-EBITDA below 1x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

CORE MOLDING TECHNOLOGIES INC reported the second quarter ended June 30, 2023 results: revenue $97.7 million, net income $7.9 million, EPS $0.91 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $97.7 million
Net income: $7.9 million
EPS: $0.91 per diluted share
Result: reported results

Exact text from the filing

the United States, Canada and Mexico today reports financial and operating results for the fiscal periods ended June 30, 2023. Second Quarter 2023 Highlights • Net sales of $97.7 million, compared to $98.7 million in the prior year; and product sales of $95.7 million, up 2.6% from the prior year. • Gross margin of $20.6 million, or 21.0% of net sales, compared to

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Source: SEC EDGAR

accession 0001026655-23-000132

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