Core Molding Q4 2022 Earnings Report
Key Takeaways
Core Molding Technologies reported record full-year sales, net income, and adjusted EBITDA. Q4 net sales increased by 18.1% to $86.4 million, with operating income rising to $3.0 million. Net income for the quarter was $4.8 million, or $0.57 per diluted share.
Net sales increased by 18.1% to $86.4 million.
Gross margin improved to $11.5 million, representing 13.4% of net sales.
Operating income rose to $3.0 million, or 3.4% of net sales.
Net income reached $4.8 million, or $0.57 per diluted share.
Core Molding
Core Molding
Core Molding Revenue by Segment
Forward Guidance
Major program launches in 2022 are expected to result in a continuation of sales momentum in 2023 and offset negative impacts of macroeconomic events. Focus on operational improvements to drive profitability, asset utilization and increased shareholder value.
Positive Outlook
- Continuation of sales momentum in 2023
- Offset negative impacts of macroeconomic events
- Focus on operational improvements
- Drive profitability
- Increase shareholder value
Revenue & Expenses
Visualization of income flow from segment revenue to net income