From GlobeNewswire: 2025-03-11 08:00:00

Core Molding Technologies reported financial results for Fiscal Year 2024, with net sales down 15.5% to $302.4 million. Gross margin was $53.3 million, operating income $16.7 million, and net income $13.3 million. Adjusted EBITDA was $33.8 million, down from $42.9 million the previous year.

In the Fourth Quarter of 2024, net sales were $62.5 million, down 15.3%. Gross margin was $9.9 million, operating income $0.9 million, and a net loss of $39 thousand. Adjusted EBITDA was $5.7 million, compared to $7.1 million in the prior year.

The company plans to continue its “Invest For Growth” strategy in 2025 after achieving record operational cash flow of $35 million in 2024. They aim to grow wallet share, diversify business, and expand through strategic acquisitions. Capital expenditures for 2025 are estimated at $10 to $12 million.

Core Molding Technologies ended 2024 with total liquidity of $91.8 million, net cash from operating activities of $35.2 million, and free cash flow of $23.6 million. Their Debt to Trailing Twelve Months Adjusted EBITDA was less than 1 times, at 0.64 times.

Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, Return on Capital Employed Excluding Cash, and Debt to Trailing Twelve Months Adjusted EBITDA are key metrics for Core Molding Technologies. They utilize these measures to evaluate the company’s performance and financial position accurately.



Read more at GlobeNewswire:: Core Molding Technologies Reports Full Year and Fourth