Core Molding Q3 net revenue up 54.4%; net income falls to $1.5 million
Core Molding Technologies reported third-quarter 2026 results for the period ended September 30, 2026. Total net revenue rose 54.4% to $90.2 million, helped by $25.4 million of tooling project revenue, but net income fell to $1.5 million, or $0.17 per diluted share, from $1.9 million, or $0.22, a year earlier, with the company citing Mexico start-up costs, footprint optimization and higher input costs. The company said it continues to expect full-year net sales to be flat to up about 5% and gross margins of 16% to 17%.
Key points
- Total net revenue was $90.2 million, up from $58.4 million; tooling project revenue was $25.4 million versus $4.3 million a year earlier.
- Net income was $1.5 million, or $0.17 per diluted share, versus $1.9 million, or $0.22; adjusted net income was $2.9 million, or $0.33 per diluted share, versus $0.24.
- Gross margin was 14.8% versus 17.4% a year earlier; excluding tooling project mix and Monterrey commissioning charges, it was 18.6%.
- Full-year 2026 outlook: net sales flat to up approximately 5% and gross margins of 16% to 17%; cash was $5.4 million at September 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
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