secwatch.observer — SEC 8-K summary
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Issuer:     CORE MOLDING TECHNOLOGIES INC (CMT)
CIK:        0001026655
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001026655-24-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Molding Q1 net sales down 21.5% to $78.1M; EPS $0.43 vs $0.66; guides FY sales down 10-15%
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- Net sales $78.1M, down 21.5% YoY; gross margin 17.0% vs 17.8% prior year.
- Net income $3.8M ($0.43 diluted EPS) vs $5.9M ($0.66) prior year.
- Adjusted EBITDA $8.7M (11.2% of sales) vs $12.2M (12.3%).
- Q1 sequential improvement: net sales +5.9% from Q4 2023; Adj. EBITDA margin 11.2% vs 8.9%.
- Company reaffirms FY 2024 sales decline of 10-15%; expects Q2 demand similar to Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026655/000102665524000057/0001026655-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026655/000102665524000057/cmt-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001026655-24-000057

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