Monitor Q3 and Q4 2026 product sales for the slower truck ramp and potential push-out of $5-$7M in Q4 sales to H1 2027. Track new program launches and the $14M remaining capital required to support awarded incremental business. The path to $500M relies heavily on acquisitions and market recovery, so watch for M&A announcements and truck cycle indicators.
Price Chart
Executive Summary
Core Molding Technologies held an Investor Day on September 28, 2026, presenting a strategic update and long-term financial targets. The company highlighted $89 million in incremental annual revenue wins over 18 months, a $142 million total award pipeline, and a path to $500 million in sales by 2030 through organic growth, acquisitions, and truck cycle recovery. Management provided 2026 guidance for flat-to-up-5% revenue and gross margins of 16%-17%, while acknowledging macro headwinds and a slower truck ramp.
Key Facts
- Incremental ~$89M annual revenue won in 18 months, with $26M in H1 2026
- Total new business won of $142M over past 30 months; $115M incremental awards
- Current pipeline of $210M annual revenue in quoting/negotiating stage
- 2026 full-year sales expected flat to up 5% vs 2025; gross margins 16%-17%
- Long-term 2030 targets: >$500M revenue, >20% gross margin, ~10% operating income, 16% ROCE
- Debt refinancing completed: $100M facility maturing July 2031, SOFR+1.25%-2.00%
- Zero net debt; cash balance of $12M as of June 2026; leverage ratio <1x Adjusted EBITDA
- Share repurchase program increased by $6.5M in March 2026 (total $7.5M planned); 24,545 shares repurchased at avg $18.62
- TTM June 2026 revenue $254M, down from $274M in 2025; Adjusted EBITDA $28.8M (11.3% margin)
- ROCE (ex-cash) of 9.8% for TTM June 2026
Financial Impact
Revenue guidance flat to up 5% for FY2026 vs 2025; gross margin 16%-17%; long-term target >$500M revenue by 2030
Risk Factors
- Slower-than-expected truck market recovery could delay revenue growth
- Macro headwinds from oil prices and elevated freight costs may pressure margins
- Execution risk on $85M of incremental awards not yet launched
- Dependence on acquisitions to achieve $500M revenue target; integration risk
- Customer concentration in truck (44% of 2025 sales) and powersports markets
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001026655-26-000062 |
| Document: cmt-20260928.htm | 0001026655-26-000062 |
| Document: 0001026655-26-000062-index-headers.html | 0001026655-26-000062 |
| Document: 0001026655-26-000062-index.html | 0001026655-26-000062 |
| Document: 0001026655-26-000062.txt | 0001026655-26-000062 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | Press Release | $22.44 | awaiting T+60 | — | $22.61 (+0.76%) |
Sep 28, 2026 28d ago | 8-K | $22.50 | awaiting T+60 | — | $22.61 (+0.49%) |
Sep 28, 2026 28d ago | 8-K | $22.50 | awaiting T+60 | — | $22.61 (+0.49%) |
Aug 4, 2026 11w ago | 8-K | $24.55 | awaiting T+60 | — | $22.61 (−7.90%) |
Jul 1, 2026 16w ago | Insider Cluster | $23.61 | awaiting T+60 | — | $22.61 (−4.24%) |
Jun 8, 2026 20w ago | 8-K | $23.24 | awaiting T+60 | — | $22.61 (−2.71%) |
Jun 5, 2026 20w ago | 8-K | $23.25 | awaiting T+60 | — | $22.61 (−2.75%) |
May 19, 2026 22w ago | 8-K | $23.40 $25.31 | ▼ −8.16% | ▼ −3.16% | $22.61 (+3.38%) |
May 7, 2026 24w ago | 8-K | $24.96 $24.00 | ▲ +3.85% | ▲ +7.68% | $22.61 (+9.42%) |
May 7, 2026 24w ago | Press Release | $24.96 $24.00 | ▼ −3.85% | ▼ −7.68% | $22.61 (−9.42%) |
US Market Status
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