Core Molding Technologies Inc (CMT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

in eight quarters, marking a return to growth after two full years of declines. We believe this momentum is being fueled by a combination of new product introductions and our continual wallet share growth. As an example, we are now in full production for the UTV skid plates. In the third quarter, we successfully launched the UTV skid plate program we've discussed on prior calls. We're seeing signs of recovery in demand for power sports helped by expectations for continued lower interest rates and new launches. That combination is creating a more active demand environment across both water and land power sports as we head into 2026. Regarding the skid plate program specifically, we expect it to generate approximately $8 million in annual run rate revenue once fully ramped. While this category remains somewhat seasonal, we believe power sports is positioned for a stronger rebound in 2026, particularly in a more favorable interest rate environment following recent cuts and new program launches. Last quarter, we highlighted 46.7 million in new business wins this year, 99% of which is incremental. This builds on the 45 million in wins from last year. We are pleased with the momentum and excited about our known future growth and continue to see additional opportunities in a robust sales pipeline of over $250 million. But we know we still have many opportunities to leverage the execution improvements we have made, and therefore we are continuing to invest and aggressively refine our sales systems. This has always been the last phase of the core molding transformation and it is our current must-win battle as we drive to leverage all the business execution improvements and unlock the earnings potential of our improved capabilities. To accelerate growth further, we have implem...