Core Molding Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023
November 07, 2023 at 11:50 am EST
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Core Molding Technologies, Inc. provided earnings guidance for the fourth quarter and full year of 2023. For the quarter expected sales declines of 15% to 20% from the fourth quarter of 2022.
For the full year, company expects that revenues may be down 5% to 10% compared to fiscal year 2022.
Core Molding Technologies, Inc. is an engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America. The Company operates in one segment as molder of thermoplastic and thermoset structural products. Its operating segment consists of one reporting unit, Core Molding Technologies. Core Molding Technologies serves a variety of markets, including medium and heavy-duty trucks, marine, automotive, agricultural, construction, and other commercial products. The Company offers customers a range of manufacturing processes to fit various program volume and investment requirements. These thermoset processes include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up. The thermoplastic processes include direct long-fiber thermoplastics and structural foam and structural web injection molding.
CORE MOLDING TECHNOLOGIES, INC. 
