Overview

• US engineered materials maker's Q1 sales fell 4.7% yr/yr, driven by truck market downturn

• Adjusted EPS and EBITDA for Q1 rose yr/yr, while net income and operating income declined

Outlook

• Company expects 2026 sales to be flat to up about 5% year-over-year

• Core Molding expects full-year gross margin in the range of 17% to 19%

• Company projects 2026 capital expenditures of $25 mln to $30 mln, including $18 mln to $20 mln for Mexico expansion

Result Drivers

• TRUCK MARKET DOWNTURN - Sales declined mainly due to ongoing weakness in the medium and heavy-duty truck market, which management expects to persist through the first half of 2026

• POWESPORTS DEMAND - Strong demand in the Powersports end market and new product categories helped offset lower truck sales

• GROSS MARGIN EXPANSION - Gross margin improved to 20.4%, attributed to operating discipline, cost control, footprint optimization, and favorable program mix

Company press release: ID:nGNXbzB1Ny

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Miss	$58.60 mln	$59.43 mln (1 Analyst)
Q1 Adjusted EPS	Beat	$0.37	$0.22 (1 Analyst)
Q1 Net Income	Miss	$600,000	$1.91 mln (1 Analyst)
Q1 Adjusted EBITDA	Beat	$7.30 mln	$7.02 mln (1 Analyst)
Q1 Operating Income	Miss	$800,000	$2.26 mln (1 Analyst)
Q1 Capex		$3.80 mln

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• Wall Street's median 12-month price target for Core Molding Technologies Inc is $29.00, about 18.2% above its May 6 closing price of $24.53

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

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