Core Molding Q3 net income surges to $4.4M from $1.3M; adjusted EPS up 51%

CORE MOLDING TECHNOLOGIES INC

2023-Q3 EPS reported $2.08 revenue$283,961,000

Q3 net sales $86.7M vs $101.6M prior year; product sales down 12.4% to $80.9M.
Gross margin improved to 17.6% from 13.1%; operating income $5.9M vs $4.6M.
Net income $4.4M ($0.49 diluted) vs $1.3M ($0.16); adjusted EPS $0.53 vs $0.35.
Adjusted EBITDA $9.8M (11.3% of sales) vs $8.4M (8.3%) a year ago.
One-time equipment relocation costs of $0.5M; prior year had $1.6M debt extinguishment loss.

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 0.95

CORE MOLDING TECHNOLOGIES INC reported the third quarter ended September 30, 2023 results: revenue $86.7 million, net income $4.4 million, EPS $0.49 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $86.7 million
Net income: $4.4 million
EPS: $0.49 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 September 30, 2023. Third Quarter 2023 Highlights • Net sales of $86.7 million, compared to $101.6 million in the prior year; and product sales of $80.9 million, down 12.4% from the prior year. Product sales increased by 19.6% on a cumulative basis over two

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CORE MOLDING TECHNOLOGIES INC reported Nine Month 2023 results: revenue $284.0 million, net income $18.1 million, EPS $2.08 per diluted share.

Period: Nine Month 2023
Revenue: $284.0 million
Net income: $18.1 million
EPS: $2.08 per diluted share
Result: reported results

Exact text from the filing

Nine Month 2023 Highlights • Net sales of $284.0 million

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

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Source: SEC EDGAR

accession 0001026655-23-000186

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