Bill DeZellum
Analyst, Titan Capital
Replay available
Core Molding Technologies Inc (CMT) Q3 2025 Earnings Call
Core Molding Technologies Inc (AMEX: CMT) Q3 2025 earnings conference call, held 2025-11-04. Replay captured from the company's public earnings webcast.
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Dave Duvall
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Chip Moore
Analyst, Roth Capital
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.619 in eight quarters, marking a return to growth after two full years of declines. 00:00:05.619 -- 00:00:10.507 We believe this momentum is being fueled by a combination of new product introductions 00:00:10.507 -- 00:00:15.735 and our continual wallet share growth. As an example, we are now in full production 00:00:15.735 -- 00:00:20.822 for the UTV skid plates. In the third quarter, we successfully launched 00:00:20.822 -- 00:00:25.310 the UTV skid plate program we've discussed on prior calls. 00:00:25.310 -- 00:00:30.015 We're seeing signs of recovery in demand for power sports helped by expectations for 00:00:30.015 -- 00:00:33.997 continued lower interest rates and new launches. 00:00:34.160 -- 00:00:39.245 That combination is creating a more active demand environment across both water and land 00:00:39.245 -- 00:00:42.469 power sports as we head into 2026. 00:00:42.469 -- 00:00:47.394 Regarding the skid plate program specifically, we expect it to generate approximately 00:00:47.394 -- 00:00:52.900 $8 million in annual run rate revenue once fully ramped. 00:00:52.900 -- 00:00:57.206 While this category remains somewhat seasonal, we believe power sports is positioned 00:00:57.206 -- 00:01:00.050 for a stronger rebound in 2026, 00:01:00.050 -- 00:01:04.856 particularly in a more favorable interest rate environment following recent cuts and 00:01:04.856 -- 00:01:10.323 new program launches. Last quarter, we highlighted 46.7 million 00:01:10.323 -- 00:01:13.447 in new business wins this year, 99% 00:01:13.447 -- 00:01:15.750 of which is incremental. 00:01:15.750 -- 00:01:19.765 This builds on the 45 million in wins from last year. 00:01:19.765 -- 00:01:24.232 We are pleased with the momentum and excited about our known future growth ...