Business
Core Molding Technologies Reports Fiscal 2026 First Quarter Results
First Quarter Delivers New Wins of $17 million, Margin Expansion, Strategic Investment Progress, and Early Signs of Cycle RecoveryCOLUMBUS, Ohio, May 07, 2026 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, C
About this update from Core Molding Technologies Inc
[{"type":"image","alt":"Core Molding Technologies, Inc.","displaySize":"","headline":null,"caption":"Core Molding Technologies, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":167,"height":75,"url":"https://media.zenfs.com/en/globenewswire.com/99c296d653c90c2a33a71d2a60e96a5b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/k0PwwDZTGXlPr9DhocCTJw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTk0/https://media.zenfs.com/en/globenewswire.com/99c296d653c90c2a33a71d2a60e96a5b","width":167,"height":75},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/k0PwwDZTGXlPr9DhocCTJw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTk0/https://media.zenfs.com/en/globenewswire.com/99c296d653c90c2a33a71d2a60e96a5b","width":167,"height":75}},"lazy":false},{"type":"text","content":"First Quarter Delivers New Wins of $17 million, Margin Expansion, Strategic Investment Progress, and Early Signs of Cycle Recovery","length":130,"tagName":"p"},{"type":"text","content":"COLUMBUS, Ohio, May 07, 2026 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico, today reported financial and operating results for the three months ended March 31, 2026.","length":482,"tagName":"p"},{"type":"text","content":"Eric Palomaki, the Company’s President and Chief Executive Officer, said, “The first quarter delivered $17 million in new business wins, gross margin expansion to 20.4%, and continued progress on our strategic Mexico investments. As expected, total sales declined modestly in the first quarter, but our top-line performance does not capture the momentum building across our portfolio. The heavy- and medium-duty truck market remains in a down cycle, and we expect this to persist through the first half of 2026. We delivered a strong sales performance across Powersports—both water and land—along with meaningful contributions from new product categories. The first-quarter gross margin demonstrates our continued pursuit of margin expansion through diversification across Core’s operating model.","length":820,"tagName":"p"},{"type":"text","content":"“Our Inves...