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 reported
financial and operating results for the fiscal periods ended
December 31, 2023.
Fiscal Year
2023 Highlights
- Net sales of $357.7 million, down
5.2% from $377.4 million in the prior year; and product sales of
$347.4 million, down 3.2% from the prior year. Sales declined
primarily due to lower end-market demand in building products and
industrial and utility verticals, partially offset by increased
demand in heavy-duty truck and new program launches.
- 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.
- Selling, general and administrative
expenses of $38.0 million, or 10.6% of net sales, compared to $34.4
million or 9.1% of net sales, in the prior year same period.
- 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.
- Net income of $20.3 million, or
$2.31 per diluted share, compared to net income of $12.2 million,
or $1.44 per diluted share, a year ago.
- 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.
- Free Cash Flow1 was $25.7 million
for the year, total liquidity at year-end was $74.1 million, and
the Debt to Trailing Twelve Months Adjusted EBITDA1 was less than 1
times or .54 times.
Fourth Quarter
2023 Highlights
- Net sales of $73.8 million, down
14.7% from $86.4 million in the prior year; and product sales of
$72.4 million, down 12.9% from the prior year. Sales declined
primarily due to lower demand from customers in building products
and industrial and utilities markets.
- Gross margin of $10.9 million, or
14.8% of net sales, compared to $11.5 million or 13.4% of net
sales, in the prior year.
- Selling, general and administrative
expenses of $8.4 million, or 11.4% of net sales, compared to $8.6
million or 9.9% of net sales, in the prior year same period.
- Operating income of $2.5 million,
or 3.4% of net sales, versus $3.0 million, or 3.4% of net sales, in
the prior year.
- Net income of $2.2 million, or
$0.25 per diluted share, compared to net income of $4.8 million, or
$0.57 per diluted share, a year ago.
- Adjusted EBITDA1 of $6.5 million,
or 8.9% of net sales, compared to $6.1 million, or 7.0% of net
sales in the prior year.
1 Adjusted EBITDA, Free Cash Flow and Debt to
Trailing Twelve Months Adjusted EBITDA are non-GAAP financial
measures as defined and reconciled below.
David Duvall, the Company’s President
and Chief Executive Officer, said, “Fiscal 2023 was a
significant year where we successfully executed and completed
Core’s profitability improvements and its ‘Must Win Battle’
initiative. This was our focus in 2023. I am proud of our team’s
ability to improve operational performance, thereby increasing
capacity and enhancing margins in 2023. We also embedded a culture
of continuous improvement and expanded our leadership development
and technical training programs, process optimization, and
automation in our facilities across North America. Key metrics we
use to gauge profitability, productivity, and efficiencies were all
positive in 2023, and we made significant progress on our long-term
business transformation and profitability targets. We worked
diligently to achieve measurable operational plant improvements and
attained significant product-line profitability goals in 2023,
making our current base business model much healthier. These were
all exceptional accomplishments, and I am proud of our team. Our
focused execution of the Company’s strategic initiatives, coupled
with disciplined asset utilization, improved the return profile of
the business, and generated significant cash flows in 2023.”
John Zimmer, the Company’s EVP and Chief
Financial Officer, commented, “The fiscal 2023 demand
environment returned to more normalized levels in 2023, as our
customer inventories stabilized, and we experienced more typical
seasonality, especially during the third and fourth quarters of
last year. Although net sales were down for the full year, mostly
due to market dynamics and tougher 2022 comparisons, we
accomplished meaningful profitability goals for the year. For the
year, gross margins grew to 18.0%, Adjusted EBITDA1 expanded to
$42.3 million or 11.8% of sales, and we also generated free cash
flow1 of $26 million for the year, a record for Core Molding. Our
return on capital employed1, an important pre-tax metric for Core
Molding, was 16.4% for 2023, demonstrating our progress in
improving the overall return profile of the business.”
2023 Capital
Expenditures
The Company’s capital expenditures for 2023 were
$9.1 million, including $2.2 million of capacity expansion and
automation investments. The Company plans for 2024 capital
expenditures of approximately $13 million to meet current demand
and allow for expansion.
Financial Position at
December 31, 2023
The Company’s total liquidity at the end of 2023
was $74.1 million, with $24.1 million in cash, $25.0 million of
undrawn capacity under the Company’s revolving credit facility and
$25.0 million of undrawn capacity under the Company's capex credit
facility. The Company’s term debt was $23.0 million at December 31,
2023. The Debt to Trailing Twelve Months Adjusted EBITDA1 was less
than one times Adjusted EBITDA1 at the end of the fiscal year.
1Debt to Trailing Twelve Months Adjusted EBITDA,
Adjusted EBITDA and return on capital employed are metrics and
non-GAAP financial measures as defined and reconciled below.
Conference Call
The Company will conduct a conference call today
at 10:00 a.m. Eastern Time to discuss financial and operating
results for the fiscal year ended December 31, 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. A telephonic replay will be available through March 19, 2024,
by calling (877) 344-7529 and using passcode ID: 1304077#. The live
webcast of the call will also be available for replay later on the
Company’s Investor Relations website at
www.coremt.com/investor-relations/events-presentations/.
About Core Molding Technologies, Inc.
Core Molding Technologies is a leading
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 operating segment as a molder of
thermoplastic and thermoset structural products. The Company’s
operating segment consists of one reporting unit, Core Molding
Technologies. The Company offers customers a wide range of
manufacturing processes to fit various program volume and
investment requirements. These thermoset processes include
compression molding of sheet molding compound (“SMC”), resin
transfer molding (“RTM”), liquid molding of dicyclopentadiene
(“DCPD”), spray-up and hand-lay-up. The thermoplastic processes
include direct long-fiber thermoplastics (“DLFT”) and structural
foam and structural web injection molding. Core Molding
Technologies serves a wide variety of markets, including the medium
and heavy-duty truck, marine, automotive, agriculture,
construction, and other commercial products. The demand for Core
Molding Technologies’ products is affected by economic conditions
in the United States, Mexico, and Canada. Core Molding
Technologies’ operations may change proportionately more than
revenues from operations.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the federal securities laws that
are subject to risks and uncertainties. These statements often
include words such as “believe”, “anticipate”, “plan”, “expect”,
“intend”, “will”, “should”, “could”, “would”, “project”,
“continue”, “likely”, and similar expressions. In particular, this
press release may contain forward-looking statements about the
Company’s expectations for future periods with respect to its plans
to improve financial results, the future of the Company’s end
markets. Factors that could cause actual results to differ
from those reflected in forward-looking statements relating to our
operations and business include: dependence on certain major
customers, and potential loss of any major customer due to
completion of existing production programs or otherwise; general
macroeconomic, social, regulatory and political conditions,
including uncertainties surrounding volatility in financial
markets; changes in the plastics, transportation, marine and
commercial product industries (including changes in demand for
production), efforts of the Company to expand its customer base and
develop new products to diversify markets, materials and processes
and increase operational enhancements; the Company’s initiatives to
quote and execute manufacturing processes for new business, acquire
raw materials, address inflationary pressures, regulatory matters
and labor relations; the Company’s financial position or other
financial information; and other risks and uncertainties described
in the Company’s filings with the SEC. These statements are based
on certain assumptions that the Company has made in light of its
experience as well as its perspective on historical trends, current
conditions, expected future developments and other factors it
believes are appropriate under the circumstances. Actual results
may differ materially from the anticipated results because of
certain risks and uncertainties, including those included in the
Company’s filings with the SEC. There can be no assurance that
statements made in this press release relating to future events
will be achieved. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future
operating results over time. All subsequent written and oral
forward-looking statements attributable to the Company or persons
acting on behalf of the Company are expressly qualified in their
entirety by such cautionary statements.
Company Contact:Core Molding
Technologies, Inc.John ZimmerExecutive Vice President & Chief
Financial Officerjzimmer@coremt.com
Investor Relations
Contact:Three Part Advisors, LLCSandy Martin or Steven
Hooser214-616-2207
- Financial Statements Follow –
|
Core Molding Technologies,
Inc.Consolidated Statements of
Operations(in thousands, except share and per
share data) |
|
|
Three Months Ended December 31, |
|
Year EndedDecember 31, |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
|
|
|
|
|
|
|
|
Net
sales: |
|
|
|
|
|
|
|
Products |
$ |
72,439 |
|
|
$ |
83,143 |
|
|
$ |
347,375 |
|
|
$ |
358,701 |
|
Tooling |
|
1,339 |
|
|
|
3,300 |
|
|
|
10,363 |
|
|
|
18,675 |
|
Total net
sales |
|
73,778 |
|
|
|
86,443 |
|
|
|
357,738 |
|
|
|
377,376 |
|
|
|
|
|
|
|
|
|
Total cost of
sales |
|
62,841 |
|
|
|
74,896 |
|
|
|
293,218 |
|
|
|
324,974 |
|
|
|
|
|
|
|
|
|
Gross
margin |
|
10,937 |
|
|
|
11,547 |
|
|
|
64,520 |
|
|
|
52,402 |
|
|
|
|
|
|
|
|
|
Selling, general and
administrative expense |
|
8,420 |
|
|
|
8,573 |
|
|
|
37,983 |
|
|
|
34,399 |
|
|
|
|
|
|
|
|
|
Operating
income |
|
2,517 |
|
|
|
2,974 |
|
|
|
26,537 |
|
|
|
18,003 |
|
|
|
|
|
|
|
|
|
Other income and
expense |
|
|
|
|
|
|
|
Loss due to the extinguishment of debt |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,582 |
|
Interest expense |
|
175 |
|
|
|
449 |
|
|
|
1,011 |
|
|
|
1,960 |
|
Net periodic post-retirement benefit |
|
(63 |
) |
|
|
(31 |
) |
|
|
(220 |
) |
|
|
(124 |
) |
Total other income and
expense |
|
112 |
|
|
|
418 |
|
|
|
791 |
|
|
|
3,418 |
|
|
|
|
|
|
|
|
|
Income before income
taxes |
|
2,405 |
|
|
|
2,556 |
|
|
|
25,746 |
|
|
|
14,585 |
|
|
|
|
|
|
|
|
|
Income tax (benefit)
expense |
|
223 |
|
|
|
(2,276 |
) |
|
|
5,422 |
|
|
|
2,382 |
|
|
|
|
|
|
|
|
|
Net
income |
$ |
2,182 |
|
|
$ |
4,832 |
|
|
$ |
20,324 |
|
|
$ |
12,203 |
|
|
|
|
|
|
|
|
|
Net income per common
share: |
|
|
|
|
|
|
|
Basic |
$ |
0.25 |
|
|
$ |
0.57 |
|
|
$ |
2.37 |
|
|
$ |
1.44 |
|
Diluted |
$ |
0.25 |
|
|
$ |
0.57 |
|
|
$ |
2.31 |
|
|
$ |
1.44 |
|
|
Core Molding Technologies, Inc.Product
Sales by Market (unaudited, in
thousands) |
|
|
Three Months Ended December
31, |
|
Year EndedDecember 31, |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Medium and heavy-duty truck |
$ |
40,626 |
|
|
$ |
41,641 |
|
|
$ |
181,376 |
|
|
$ |
158,649 |
|
Power sports |
|
20,115 |
|
|
|
21,666 |
|
|
|
84,688 |
|
|
|
84,727 |
|
Building products |
|
1,879 |
|
|
|
5,027 |
|
|
|
28,743 |
|
|
|
41,038 |
|
Industrial and Utilities |
|
4,231 |
|
|
|
5,735 |
|
|
|
23,658 |
|
|
|
27,988 |
|
All Other |
|
5,590 |
|
|
|
9,344 |
|
|
|
28,910 |
|
|
|
46,299 |
|
Net Product Revenue |
$ |
72,441 |
|
|
$ |
83,413 |
|
|
$ |
347,375 |
|
|
$ |
358,701 |
|
|
Core Molding Technologies,
Inc.Consolidated Balance
Sheets(in thousands) |
|
|
Year Ended December 31, |
|
2023 |
|
2022 |
Assets: |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents |
$ |
24,104 |
|
|
$ |
4,183 |
|
Accounts receivable, net |
|
41,711 |
|
|
|
44,261 |
|
Inventories, net |
|
22,063 |
|
|
|
23,871 |
|
Prepaid expenses and other current assets |
|
15,001 |
|
|
|
8,350 |
|
Total current assets |
|
102,879 |
|
|
|
80,665 |
|
|
|
|
|
Right of use asset |
|
3,802 |
|
|
|
5,114 |
|
Property, plant and equipment,
net |
|
81,185 |
|
|
|
83,267 |
|
Goodwill |
|
17,376 |
|
|
|
17,376 |
|
Intangibles, net |
|
6,017 |
|
|
|
7,619 |
|
Other non-current assets |
|
2,118 |
|
|
|
4,574 |
|
Total
Assets |
$ |
213,377 |
|
|
$ |
198,615 |
|
|
|
|
|
Liabilities and
Stockholders' Equity: |
|
|
|
Liabilities: |
|
|
|
Current liabilities: |
|
|
|
Current portion of long-term debt |
$ |
1,468 |
|
|
$ |
1,208 |
|
Revolving debt |
|
— |
|
|
|
1,864 |
|
Accounts payable |
|
23,958 |
|
|
|
29,586 |
|
Contract liabilities |
|
5,204 |
|
|
|
1,395 |
|
Compensation and related benefits |
|
10,498 |
|
|
|
9,101 |
|
Accrued other liabilities |
|
5,058 |
|
|
|
7,643 |
|
Total current liabilities |
|
46,186 |
|
|
|
50,797 |
|
|
|
|
|
Other non-current
liabilities |
|
3,759 |
|
|
|
3,516 |
|
Long-term debt |
|
21,519 |
|
|
|
22,986 |
|
Post retirement benefits
liability |
|
2,960 |
|
|
|
5,191 |
|
Total
Liabilities |
|
74,424 |
|
|
|
82,490 |
|
|
|
|
|
Stockholders'
Equity: |
|
|
|
Common stock |
|
86 |
|
|
|
84 |
|
Paid in capital |
|
43,265 |
|
|
|
40,342 |
|
Accumulated other
comprehensive income, net of income taxes |
|
5,301 |
|
|
|
3,053 |
|
Treasury stock |
|
(31,768 |
) |
|
|
(29,099 |
) |
Retained earnings |
|
122,069 |
|
|
|
101,745 |
|
Total Stockholders'
Equity |
|
138,953 |
|
|
|
116,125 |
|
Total Liabilities and
Stockholders' Equity |
$ |
213,377 |
|
|
$ |
198,615 |
|
|
Core Molding Technologies,
Inc.Consolidated Statements of Cash
Flows(in thousands) |
|
|
Year Ended December 31, |
|
2023 |
|
2022 |
Cash flows from
operating activities: |
|
|
|
Net income |
$ |
20,324 |
|
|
$ |
12,203 |
|
Adjustments to reconcile net
income to net cash provided by operating activities: |
|
|
|
Depreciation and amortization |
|
12,912 |
|
|
|
11,884 |
|
Deferred income tax |
|
2,473 |
|
|
|
(3,469 |
) |
Share-based compensation |
|
2,923 |
|
|
|
2,329 |
|
Loss on the disposal of assets |
|
80 |
|
|
|
— |
|
Loss on extinguishment of debt |
|
— |
|
|
|
1,234 |
|
Losses (Gain) on foreign currency |
|
(58 |
) |
|
|
396 |
|
Change in operating assets and
liabilities: |
|
|
|
Accounts receivable |
|
2,550 |
|
|
|
(9,000 |
) |
Inventories |
|
1,808 |
|
|
|
1,258 |
|
Prepaid and other assets |
|
(5,825 |
) |
|
|
928 |
|
Accounts payable |
|
(4,916 |
) |
|
|
5,999 |
|
Accrued and other liabilities |
|
3,551 |
|
|
|
(4,067 |
) |
Post retirement benefits liability |
|
(980 |
) |
|
|
(713 |
) |
Net cash provided by
operating activities |
|
34,842 |
|
|
|
18,982 |
|
Cash flows from
investing activities: |
|
|
|
Purchase of property, plant
and equipment |
|
(9,100 |
) |
|
|
(16,588 |
) |
Proceeds from sale of
property, plant and equipment |
|
— |
|
|
|
— |
|
Net cash used in
investing activities |
|
(9,100 |
) |
|
|
(16,588 |
) |
Cash flows from
financing activities: |
|
|
|
Gross borrowings on revolving
loans |
|
37,098 |
|
|
|
165,172 |
|
Gross repayment on revolving
loans |
|
(38,962 |
) |
|
|
(167,732 |
) |
Proceeds from term loan |
|
— |
|
|
|
25,000 |
|
Payment on principal of term
loans |
|
(1,288 |
) |
|
|
(25,913 |
) |
Payment of deferred loan
costs |
|
— |
|
|
|
(402 |
) |
Payments for taxes related to
net share settlement of equity awards |
|
(2,669 |
) |
|
|
(482 |
) |
Net cash used in
financing activities |
|
(5,821 |
) |
|
|
(4,357 |
) |
Net change in cash and
cash equivalents |
|
19,921 |
|
|
|
(1,963 |
) |
Cash and cash
equivalents at beginning of year |
|
4,183 |
|
|
|
6,146 |
|
Cash and cash
equivalents at end of year |
$ |
24,104 |
|
|
$ |
4,183 |
|
Cash paid
for: |
|
|
|
Interest |
$ |
1,234 |
|
|
$ |
1,677 |
|
Income taxes |
$ |
5,250 |
|
|
$ |
6,649 |
|
Non cash investing
activities: |
|
|
|
Fixed asset purchases in accounts payable |
$ |
298 |
|
|
$ |
868 |
|
Non cash financing
activities: |
|
|
|
Deposit used in payment of principal on term loans |
$ |
— |
|
|
$ |
1,200 |
|
|
|
|
|
|
|
|
|
Non-GAAP Financial Measures
This press release contains financial
information determined by methods other than in accordance with
accounting principles generally accepted in the United States of
America ("GAAP"). Core Molding management uses non-GAAP measures in
its analysis of the Company's performance. Investors are encouraged
to review the reconciliation of non-GAAP financial measures to the
comparable GAAP results available in the accompanying tables.
Reconciliation of Non-GAAP Financial
Measures
Adjusted EBITDA represents net income before, as
applicable from time to time, (i) interest expense, net, (ii)
provision (benefit) for income taxes, (iii) depreciation and
amortization of long-lived assets, (iv) share based compensation
expense, (v) plant closure costs, and (vi) nonrecurring legal
settlement costs and associated legal expenses unrelated to the
Company's core operations. Free Cash Flow represents net cash (used
in) provided by operating activities less purchase of property,
plant and equipment and net working capital. Return on capital
employed represents earnings before (i) interest expense, net and
(ii) provision (benefit) for income taxes divided by (i)
stockholders' equity and (ii) current and long-term debt. These
measures have limitations as analytical tools and should not be
considered in isolation or as an alternative to performance measure
derived in accordance with GAAP as an indicator of our operating
performance. We present Adjusted EBITDA, Free Cash Flows, Debt to
Trailing Twelve Months Adjusted EBITDA and Return on Capital
Employed because management uses these measures as key performance
indicators, and we believe that securities analysts, investors and
others use these measures to evaluate companies in our industry.
Our calculation of these measures may not be comparable to
similarly named measures reported by other companies. The following
tables present reconciliations of net income to Adjusted EBITDA,
Cash Flow from Operating Activities to Free Cash Flow and Net
Income per Share to Adjusted Net Income per Share, the most
directly comparable GAAP measures, and Return on Capital Employed,
for the periods presented:
|
Core Molding Technologies, Inc. Net Income
to Adjusted EBITDA Reconciliation(unaudited, in
thousands) |
|
|
Three months ended December 31, |
|
Twelve Months Ended December 31, |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Net income |
$ |
2,182 |
|
|
$ |
4,832 |
|
|
$ |
20,324 |
|
|
$ |
12,203 |
|
Provision (benefit) for income
taxes |
|
223 |
|
|
|
(2,276 |
) |
|
|
5,422 |
|
|
|
2,382 |
|
Total other income and
expenses(1) |
|
112 |
|
|
|
418 |
|
|
|
791 |
|
|
|
3,418 |
|
Depreciation and
amortization |
|
3,315 |
|
|
|
2,457 |
|
|
|
12,831 |
|
|
|
11,603 |
|
Share-based compensation |
|
700 |
|
|
|
624 |
|
|
|
2,923 |
|
|
|
2,329 |
|
Adjusted EBITDA |
$ |
6,532 |
|
|
$ |
6,055 |
|
|
$ |
42,291 |
|
|
$ |
31,935 |
|
|
|
|
|
|
|
|
|
Adjusted EBITDA as a percent
of net sales |
|
8.9 |
% |
|
|
7.0 |
% |
|
|
11.8 |
% |
|
|
8.5 |
% |
|
|
|
|
|
|
|
|
(1)Includes
interest expense, loss due to extinguishment of debt and non-cash
periodic post-retirement benefit cost |
|
Core Molding Technologies, Inc.
Computation of Debt to Trailing Twelve Months Adjusted
EBITDA(unaudited, in thousands) |
|
|
Trailing Twelve Month Adjusted EBITDA |
Net income |
$ |
20,324 |
Provision for income
taxes |
|
5,422 |
Total other expenses(1) |
|
791 |
Depreciation and
amortization |
|
12,831 |
Share-based compensation |
|
2,923 |
Adjusted EBITDA |
$ |
42,291 |
|
|
Total Outstanding Term Debt as
of December 31, 2023 |
$ |
22,987 |
|
|
Term debt to Trailing Twelve
Months Adjusted EBITDA |
|
0.54 |
|
|
(1)Includes
interest expense and non-cash periodic post-retirement benefit
cost |
|
Core Molding Technologies, Inc.Computation
of Return on Capital EmployedFiscal Year
Ended December 31, 2023
and 2022(unaudited, in
thousands) |
|
|
2023 |
|
2022 |
Equity |
$ |
138,953 |
|
|
$ |
116,125 |
|
Structure debt |
|
22,987 |
|
|
|
26,058 |
|
Total structured
investment |
$ |
161,940 |
|
|
$ |
142,183 |
|
|
|
|
|
Operating income |
$ |
26,537 |
|
|
$ |
18,003 |
|
Return on capital
employed |
|
16.4 |
% |
|
|
12.7 |
% |
|
Core Molding Technologies, Inc.Free Cash
FlowFiscal Year Ended
December 31, 2023 and
2022 (unaudited, in
thousands) |
|
|
2023 |
|
2022 |
Cash flow provided by operations |
$ |
34,842 |
|
|
$ |
18,982 |
|
Purchase of property, plant
and equipment |
|
(9,100 |
) |
|
|
(16,588 |
) |
Free cash flow surplus |
$ |
25,742 |
|
|
$ |
2,394 |
|
|
Core Molding Technologies, Inc.Adjusted
Net Income per Share(unaudited, in
thousands) |
|
|
Three Months Ended December 31, |
|
2023 |
|
2022 |
Net Income |
$ |
2,182 |
|
|
$ |
4,832 |
|
U.S. federal valuation
allowance reversal |
$ |
— |
|
|
$ |
(2,363 |
) |
Adjusted net income |
$ |
2,182 |
|
|
$ |
2,469 |
|
|
|
|
|
Weighted average common shares
outstanding - basic |
|
8,653,000 |
|
|
|
8,417,655 |
|
Weighted average common and
potentially issuable common shares outstanding- diluted |
|
8,878,000 |
|
|
|
8,497,028 |
|
|
|
|
|
Net income per share -
basic |
$ |
0.25 |
|
|
$ |
0.57 |
|
U.S. federal valuation
allowance reversal |
|
— |
|
|
|
(0.28 |
) |
Adjusted net income per share
- basic |
$ |
0.25 |
|
|
$ |
0.29 |
|
|
|
|
|
Net income per share -
diluted |
$ |
0.25 |
|
|
$ |
0.57 |
|
U.S. federal valuation
allowance reversal |
|
— |
|
|
|
(0.28 |
) |
Adjusted net income per share
- diluted |
$ |
0.25 |
|
|
$ |
0.29 |
|
Core Molding Technologies (AMEX:CMT)
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Core Molding Technologies (AMEX:CMT)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024