secwatch.observer — SEC 8-K summary
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Issuer:     CORE MOLDING TECHNOLOGIES INC (CMT)
CIK:        0001026655
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001026655-24-000130
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Molding Q3 net sales down 15.8% to $73M; EPS $0.36 vs $0.49 YoY; cuts FY revenue outlook -17%
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- Net sales $73.0M, down 15.8% YoY; net income $3.2M ($0.36 diluted EPS) vs $4.4M ($0.49) in Q3 2023.
- Operating margin 4.9% vs 6.8% YoY; adjusted EBITDA $7.5M (10.3% of sales) vs $9.8M (11.3%).
- Labor reduction completed yielding $2.6M annual cost savings; repurchased 112k shares at avg $17.62.
- Full-year 2024 revenue expected down ~17%; capex guidance $11-13M; total liquidity $92.3M.
- Won $45M new product sales YTD, 55% new work; quote pipeline over $275M; new medical bed program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026655/000102665524000130/0001026655-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026655/000102665524000130/cmt-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001026655-24-000130

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