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Dec 31, 2022
Core Molding Q4 2022 Earnings Report
Core Molding Technologies reported an increase in net sales and improved operating income compared to the prior year.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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