secwatch.observer — SEC 8-K summary
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Issuer:     CORE MOLDING TECHNOLOGIES INC (CMT)
CIK:        0001026655
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001026655-24-000095
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Molding Q2 net sales down 9.2%; lowers FY sales guidance to ~15% decline
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- Q2 net sales $88.7M (-9.2% YoY); net income $6.4M ($0.73 diluted EPS) vs $7.9M ($0.91) YoY.
- Adjusted EBITDA $11.6M (13.0% of sales) vs $13.7M (14.1%) YoY; gross margin 20.0% vs 21.0%.
- Six-month net sales $166.9M (-15.4% YoY); net income $10.2M ($1.15 EPS) vs $13.8M ($1.59).
- Full-year sales guidance lowered to bottom of range, ~15% decline vs 2023, citing soft demand.
- Liquidity $87.8M; repurchased ~24k shares at avg $16.41 in Q2; capex guided ~$13M for 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026655/000102665524000095/0001026655-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026655/000102665524000095/cmt-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001026655-24-000095

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