Core Molding Technologies

Core Molding Technologies Promotes Eric L. Palomaki to Chief Operating Officer

Retrieved on:

Monday, March 25, 2024

Research, Growth, Core Molding Technologies, Engineering, Education minister, CMT, Management

COLUMBUS, Ohio, March 25, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding,” “Core” or the “Company”), announced today that Eric L. Palomaki has been promoted to Chief Operating Officer (“COO”).

Key Points:

COLUMBUS, Ohio, March 25, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding,” “Core” or the “Company”), announced today that Eric L. Palomaki has been promoted to Chief Operating Officer (“COO”).
Mr. Palomaki brings a wealth of experience and expertise to this role, having demonstrated exceptional leadership and developing a deep understanding of our industry throughout his six-year tenure at Core Molding Technologies.
"I am pleased to announce Eric Palomaki's promotion to Chief Operating Officer," said David Duvall, President and Chief Executive Officer.
"I look forward to contributing to the continued success and growth of Core Molding Technologies as we embark on this next chapter together."

Core Molding Technologies to Participate in the 36th Annual Roth Conference

Retrieved on:

Wednesday, March 13, 2024

Core Molding Technologies, Conference, CMT, EVP, CFO

COLUMBUS, Ohio, March 13, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding,” “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today announced that David Duvall, President and CEO, and John Zimmer, EVP and CFO, will participate in the upcoming 36th Annual Roth Conference on March 18-19, 2024 in Laguna Niguel, CA.

Key Points:

COLUMBUS, Ohio, March 13, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding,” “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today announced that David Duvall, President and CEO, and John Zimmer, EVP and CFO, will participate in the upcoming 36th Annual Roth Conference on March 18-19, 2024 in Laguna Niguel, CA.
Investors interested in arranging a one-on-one meeting should contact your conference representative or the Company’s investor relations contacts listed below.

Core Molding Technologies Reports Full Year and Fourth Quarter 2023 Results

Retrieved on:

Tuesday, March 12, 2024

Automation, Culture, Debt, Environment, Public expenditure, Overalls, Core Molding Technologies, Adjustment, CMT, Pharmaceutical industry

Gross margin of $64.5 million, or 18.0% of net sales, compared to $52.4 million or 13.9% of net sales, in the prior year.

Key Points:

Gross margin of $64.5 million, or 18.0% of net sales, compared to $52.4 million or 13.9% of net sales, in the prior year.
Operating income of $26.5 million, or 7.4% of net sales, versus operating income of $18.0 million, or 4.8% of net sales, in the prior year.
Adjusted EBITDA1 of $42.3 million, or 11.8% of net sales, compared to $31.9 million, or 8.5% of net sales, in the prior year.
To access the call live by phone, dial (844) 881-0134 and ask for the Core Molding Technologies call at least 10 minutes prior to the start time.

Core Molding Technologies Announces $7,500,000 Stock Repurchase Program

Retrieved on:

Monday, March 11, 2024

Core Molding Technologies, Growth, CMT, Core

COLUMBUS, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico, today announced that its Board of Directors authorized a stock repurchase program of up to $7,500,000 of the Company’s issued and outstanding common stock, par value $1.00 per share.

Key Points:

COLUMBUS, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico, today announced that its Board of Directors authorized a stock repurchase program of up to $7,500,000 of the Company’s issued and outstanding common stock, par value $1.00 per share.
“The combination of the Company’s operational performance and the strength of the balance sheet enables the Company to allocate capital to the repurchase of Company shares while also allocating capital to the growth of the Company,” said Core Chief Executive Officer David Duvall.
“The timing of this decision is just another step in the Company’s transformation plan that started several years ago.”
Repurchases of shares of common stock under the stock repurchase program will be made in the open market and in accordance with applicable securities laws.
The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company’s discretion.

Core Molding Technologies Announces Timing of Fourth Quarter and Fiscal Year 2023 Results

Retrieved on:

Thursday, February 15, 2024

Transport, Core Molding Technologies, Internet, CMT, Webcast, Core, Software

COLUMBUS, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America, today announces that it will release its fourth quarter and fiscal year 2023 results on Tuesday, March 12, 2024, before the market opens.

Key Points:

COLUMBUS, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America, today announces that it will release its fourth quarter and fiscal year 2023 results on Tuesday, March 12, 2024, before the market opens.
In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the internet the same day at 10:00am Eastern.
Dial 1-844-881-0134 at least 10 minutes before the call and ask to join the Core Molding Technologies call.
Connect to the webcast via the Events and Presentations page of Core Molding’s Investor Relations website at www.coremt.com/investor-relations/events-presentations/ .

Core Molding Technologies Presenting at the 15th Annual Southwest IDEAS Investor Conference on November 16th in Dallas, TX

Retrieved on:

Monday, November 13, 2023

CMT, NYSE, Conference, Core Molding Technologies, Cryptocurrency

COLUMBUS, Ohio, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today announced that the Company will present at the Southwest IDEAS Investor Conference at 10:05 am CT on November 16, 2023, at The Statler Dallas, and management will also be available for 1x1 meetings that day.

Key Points:

COLUMBUS, Ohio, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today announced that the Company will present at the Southwest IDEAS Investor Conference at 10:05 am CT on November 16, 2023, at The Statler Dallas, and management will also be available for 1x1 meetings that day.
The presentation will be webcast and may be accessed through the conference host’s main website: https://www.threepartadvisors.com/southwest and in the investor relations section of the company's website: https://coremt.com/investor-relations/events-presentations/ .

Core Molding Technologies Reports Fiscal 2023 Third Quarter Results

Retrieved on:

Tuesday, November 7, 2023

Adjustment, Core Molding Technologies, NYSE, Public expenditure, EBITDA, UAW, Statement of changes in financial position, CMT, Video game, Pharmaceutical industry, Bookkeeping

COLUMBUS, Ohio, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today reports financial and operating results for the fiscal periods ended September 30, 2023.

Key Points:

COLUMBUS, Ohio, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today reports financial and operating results for the fiscal periods ended September 30, 2023.
The term debt-to-trailing twelve months Adjusted EBITDA1 was less than one times Adjusted EBITDA1 at the end of the fiscal third quarter.
The Company will conduct a conference call today at 10:00 a.m. Eastern Time to discuss financial and operating results for the quarter ended September 30, 2023.
To access the call live by phone, dial (844) 881-0134 and ask for the Core Molding Technologies call at least 10 minutes prior to the start time.

Core Molding Technologies Appoints New Board Member

Retrieved on:

Thursday, November 2, 2023

Knowledge, Core Molding Technologies, NYSE, Libbey, MBA, Industrial engineering, Core, University, University of Southern California, CMT, Management, Inst

COLUMBUS, Ohio, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), announced today that Salvador Miñarro has been appointed to its Board of Directors.

Key Points:

COLUMBUS, Ohio, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), announced today that Salvador Miñarro has been appointed to its Board of Directors.
Mr. Miñarro is the Chief Executive Officer of Darnel Group, a global leader in the production of high-quality, food-grade sustainable packaging solutions and a pioneer in post-consumer recycled material.
“We are pleased to have Sal join the Board and look forward to his contributions to the Company.
We are excited to have Sal as part of the Core team,” Cellitti continued.

Core Molding Technologies Announces Timing of Third Quarter Fiscal 2023 Results

Retrieved on:

Thursday, October 12, 2023

Software, Core Molding Technologies, NYSE, Webcast, Internet, Transport, Core, CMT

COLUMBUS, Ohio, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America, today announces that it will release its third quarter fiscal 2023 results on Tuesday, November 7, 2023, before the market opens.

Key Points:

COLUMBUS, Ohio, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America, today announces that it will release its third quarter fiscal 2023 results on Tuesday, November 7, 2023, before the market opens.
In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the internet the same day at 10:00am Eastern.
Dial 1-844-881-0134 at least 10 minutes before the call and ask to join the Core Molding Technologies call.
Connect to the webcast via the Events and Presentations page of Core Molding’s Investor Relations website at www.coremt.com/investor-relations/events-presentations/ .

Core Molding Technologies, Inc. Mourns the Passing of Esteemed Board Member

Retrieved on:

Wednesday, September 6, 2023

Core Molding Technologies, Memory, Management

COLUMBUS, Ohio, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. is deeply saddened to announce the passing of James F. Crowley, a valued member of our Board of Directors.

Key Points:

COLUMBUS, Ohio, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. is deeply saddened to announce the passing of James F. Crowley, a valued member of our Board of Directors.
James Crowley passed away peacefully on August 24, 2023, leaving behind a legacy of leadership and dedication that will forever be remembered.
Jim joined the Company’s Board of Directors in 1998 and made significant contributions to our organization throughout his tenure.
“Jim was a close friend and colleague who challenged the Board with his intellectual curiosity.