Core Molding Technologies (CMT) Q4 2025 earnings summary

Executive summary

• Achieved $63 million in new business wins for 2025, with over 65% outside core Truck and Powersports markets, supporting diversification.

• Fourth quarter net sales rose 19.5% year-over-year to $74.7 million, driven by elevated tooling revenue and powersports recovery.

• Completed executive leadership transition, with new CEO effective end of May 2026 and outgoing CEO remaining as advisor through 2027.

• Proprietary SMC launched in Building Products, generating nearly $10 million in revenue.

• Invested in Mexico expansions and new greenfield plant to support growth and operational efficiency.

Financial highlights

• Fiscal 2025 revenues declined 9.5% year-over-year to $273.8 million, mainly due to truck sector weakness.

• Fourth quarter revenue was $74.7 million, up 27.8% sequentially and 19.5% year-over-year.

• Q4 gross margin was $11.3 million (15.2% of net sales), up from $9.9 million (15.8%).

• Adjusted EBITDA margin for Q4 was 10.2%, up 100 basis points year-over-year.

• Net income for Q4 was $3.1 million ($0.36 per diluted share), compared to a loss of $39,000 in the prior year.

• Full-year gross margin was $47.6 million (17.4%), within the targeted 17%-19% range.

• Cash flow from operations totaled $19 million in 2025; free cash flow was $1.9 million after $17.3 million in capex.

Outlook and guidance

• 2026 sales expected to be flat to up 5%, with tooling revenue weighted to Q4.

• Gross margin guidance for 2026 remains 17%-19%.

• Majority of $63 million in new wins to impact results in H2 2026 and 2027.

• Truck market recovery anticipated in H2 2026; powersports expected to grow year-over-year.

• Pipeline expected to deliver $150 million incremental revenue over several years; clear path to $300 million revenue in 2027.

• Long-term revenue target of $500 million with margin expansion potential to low 20s% by 2027.