secwatch.observer — SEC 8-K summary
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Issuer:     CORE MOLDING TECHNOLOGIES INC (CMT)
CIK:        0001026655
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001026655-24-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026655/000102665524000028/0001026655-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026655/000102665524000028/cmt-20240312.htm
  HTML page:      https://secwatch.observer/filing/0001026655-24-000028

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