Core Molding Technologies Reports Fiscal 2026 Second Quarter Results

COLUMBUS, Ohio, Aug. 04, 2026 (GLOBE NEWSWIRE) -- 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 medium- and heavy-duty truck, powersports, building products, and industrial and utilities industries across the United States, Canada and Mexico today reports financial and operating results for the fiscal periods ended June 30, 2026.

Eric Palomaki, the Company’s President and Chief Executive Officer, said, “Our second quarter results reflect the resilience of our diversified portfolio and the continued execution of our Invest for Growth strategy. As expected, production sales in our medium- and heavy-duty truck markets remained soft; however, strong momentum across our powersports, building products, and industrial and utilities end markets mostly offset that weakness. While tooling revenue remains all project-driven with larger customer acceptances anticipated in the fourth quarter, our commercial execution continues to gain traction. We are pleased with the nearly $26 million in new business awards we secured during the first half of 2026, which further diversify our revenue base and reduce our reliance on historically cyclical end markets. Importantly, 100% of these awards represent net new business rather than replacement volume, and approximately 65% originated from markets outside of our traditional truck and powersports sectors. 74% of this new business will be produced within our U.S. manufacturing footprint, allowing us to leverage installed capacity, improve returns on invested capital, drive profitable growth, and generate stronger cash flow. We are also expanding our presence in compelling secular growth markets. During the quarter, we secured a significant award for battery energy storage systems and continue to pursue opportunities tied to accelerating power demand needed for grid reliability which is impacted by AI data center development, utility infrastructure modernization, and load-shedding solutions.