Core Molding Technologies (CMT) Q4 2025 earnings summary

Executive summary

• Achieved $63 million in new business wins for 2025, with over 65% outside core Truck and Powersports markets, supporting diversification and portfolio resilience.

• Powersports segment showed early recovery, with new product launches driving two consecutive quarters of revenue growth.

• Proprietary SMC launched in Building Products, generating nearly $10 million in revenue.

• Completed executive leadership transition, ensuring continuity and strategic alignment.

• Focused on operational discipline, margin stabilization, and cash flow generation.

Financial highlights

• Fiscal 2025 revenues declined 9.5% year-over-year to $273.8 million, mainly due to Truck sector weakness.

• Fourth quarter revenue was $74.7 million, up 27.8% sequentially and 19.5% year-over-year, driven by higher tooling and product revenue.

• Q4 adjusted EBITDA margin was 10.2%, up from 9.2% prior year.

• Q4 net income was $3.1 million ($0.36/share), compared to a loss of $39,000 in the prior year.

• FY2025 adjusted EBITDA was $30.7 million (11.2%), compared to $33.8 million (11.2%).

Outlook and guidance

• 2026 sales expected to be flat to up 5%, with tooling revenue weighted toward Q4 and SMC wins and Truck sector recovery in H2 2026.

• Gross margin guidance for 2026 is 17%-19%.

• Majority of $63 million in new wins to impact results in H2 2026 and 2027.

• Long-term target of $500 million in annual revenue and low-20s% gross margin by 2027.

• 2026 capex planned at $25–$30 million, with $18–$20 million for Mexico expansion.