$CMT

CORE MOLDING TECHNOLOGIES INC

CIK:0001026655|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Total net revenue	$ 62,729	$ 79,239	$ 121,312	$ 140,686
Cost of revenue	50,001	64,925	96,606	114,589
Gross margin	12,728	14,314	24,706	26,097
Selling, general and administrative expense	10,433	9,100	21,647	18,044
Operating income	2,295	5,214	3,059	8,053
Other income and expense
Net interest (income) expense	60	(32)	146	(16)
Net periodic post-retirement benefit	(117)	(117)	(234)	(227)
Total other income	(57)	(149)	(88)	(243)
Income before taxes	2,352	5,363	3,147	8,296
Income tax expense	569	1,311	759	2,061
Net income	$ 1,783	$ 4,052	$ 2,388	$ 6,235
Net income per share of common stock:
Basic (in USD per share)	$ 0.21	$ 0.47	$ 0.28	$ 0.73
Diluted (in USD per share)	$ 0.21	$ 0.47	$ 0.27	$ 0.72

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 2,388	$ 6,235
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,231	6,391
Loss on disposal of property, plant and equipment	0	4
Share-based compensation	996	1,125
(Gains) on foreign currency remeasurement	(489)	(220)
Change in operating assets and liabilities:
Accounts receivable	(4,461)	(7,674)
Inventories	(7,623)	(1,010)
Prepaid and other assets	(6,082)	485
Accounts payable	9,246	5,857
Accrued and other liabilities	7,081	(1,372)
Post-retirement benefits liability	(217)	(227)
Net cash provided by operating activities	7,070	9,594
Cash flows from investing activities:
Purchase of property, plant and equipment	(12,082)	(4,387)
Net cash used in investing activities	(12,082)	(4,387)
Cash flows from financing activities:
Payments for taxes related to net share settlement of equity awards	(612)	(600)
Purchase of treasury stock	(457)	(2,249)
Payment of principal on term loans	(19,843)	(949)
Net cash used in financing activities	(20,912)	(3,798)
Net change in cash and cash equivalents	(25,924)	1,409
Cash and cash equivalents at beginning of period	38,058	41,803
Cash and cash equivalents at end of period	12,134	43,212
Cash paid for:
Interest	475	519
Income taxes	3,142	2,511
Non-cash investing activities:
Fixed asset purchases in accounts payable	$ 1,260	$ 235

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 12,134,000	$ 38,058,000
Accounts receivable, net	35,292,000	30,831,000
Inventories, net	27,338,000	19,715,000
Foreign tax receivable	10,033,000	6,565,000
Prepaid expenses and other current assets	11,507,000	8,159,000
Total current assets	96,304,000	103,328,000
Right of use asset	14,514,000	14,494,000
Property, plant and equipment, net	93,526,000	86,940,000
Goodwill	17,376,000	17,376,000
Intangibles, net	3,021,000	3,479,000
Other non-current assets	2,679,000	2,515,000
Total Assets	227,420,000	228,132,000
Current liabilities:
Current portion of long-term debt	0	2,075,000
Accounts payable	23,808,000	14,924,000
Contract liability	9,774,000	5,018,000
Compensation and related benefits	7,215,000	4,988,000
Accrued other liabilities	7,442,000	7,168,000
Total current liabilities	48,239,000	34,173,000
Other non-current liabilities	1,901,000	1,935,000
Noncurrent operating lease liabilities	13,027,000	13,113,000
Long-term debt	0	17,639,000
Post-retirement benefits liability	3,176,000	3,101,000
Total Liabilities	66,343,000	69,961,000
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock — $0.01 par value, authorized shares — 10,000,000; no shares outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 8,563,299 at June 30, 2026 and 8,510,938 at December 31, 2025	86,000	85,000
Paid-in capital	48,499,000	47,503,000
Accumulated other comprehensive income, net of income taxes	4,528,000	3,938,000
Treasury stock - at cost, 4,536,257 shares at June 30, 2026 and 4,479,805 shares at December 31, 2025	(40,987,000)	(39,918,000)
Retained earnings	148,951,000	146,563,000
Total Stockholders’ Equity	161,077,000	158,171,000
Total Liabilities and Stockholders’ Equity	$ 227,420,000	$ 228,132,000