---
schema_version: "secwatch.filing_event.v1"
accession: "0001026655-24-000028"
form_type: "8-K"
ticker: "CMT"
cik: "0001026655"
company_name: "CORE MOLDING TECHNOLOGIES INC"
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T22:43:58.636699+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Core Molding posts FY2023 net income of $20.3M, up 66% from prior year; sales down 5.2%

## Summary
- FY2023 net sales $357.7M (-5.2% YoY); net income $20.3M ($2.31 diluted EPS) vs $12.2M ($1.44) in FY2022.
- Gross margin improved to 18.0% from 13.9%; adjusted EBITDA $42.3M (11.8% of sales) vs $31.9M (8.5%).
- Q4 2023 net sales $73.8M (-14.7% YoY); net income $2.2M ($0.25 EPS) vs $4.8M ($0.57) in Q4 2022.
- Free cash flow $25.7M; debt leverage 0.54x adjusted EBITDA; total liquidity $74.1M at year-end.

## SEC filing metadata
- accession: 0001026655-24-000028
- form_type: 8-K
- ticker: CMT
- cik: 0001026655
- company_name: CORE MOLDING TECHNOLOGIES INC
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1026655/000102665524000028/0001026655-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1026655/000102665524000028/cmt-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001026655-24-000028
- JSON: https://secwatch.observer/filing/0001026655-24-000028.json
- Plain text: https://secwatch.observer/filing/0001026655-24-000028.txt

## Key facts
- Earnings Releases
  CORE MOLDING TECHNOLOGIES INC reported fourth quarter 2023 results: revenue $73.8 million, net income $2.2 million, EPS $0.25 per diluted share.
  - Period: fourth quarter 2023
  - Revenue: $73.8 million
  - Net income: $2.2 million
  - EPS: $0.25 per diluted share
  - Result: reported results
  source text: Net sales of $73.8 million, down 14.7% from $86.4 million in the prior year; and product sales of $72.4 million, down 12.9% from the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1026655/000102665524000028/0001026655-24-000028-index.htm
- Earnings Releases
  CORE MOLDING TECHNOLOGIES INC reported the year ended December 31, 2023 results: revenue $357.7 million, net income $20.3 million, EPS $2.31 per diluted share.
  - Period: the year ended December 31, 2023
  - Revenue: $357.7 million
  - Net income: $20.3 million
  - EPS: $2.31 per diluted share
  - Result: reported results
  source text: Net sales of $357.7 million, down 5.2% from $377.4 million in the prior year; and product sales of $347.4 million, down 3.2% from the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1026655/000102665524000028/0001026655-24-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.