Core Molding Technologies and its subsidiaries operate in the composites market as one operating segment as a molder of thermoplastic and thermoset structural products. The Company's operating segment consists of two component reporting units, Core Traditional and Horizon Plastics. The Company offers customers a wide range of manufacturing processes to fit various program volume and investment requirements. These processes include compression molding of sheet molding compound ('SMC'), bulk molding compounds ('BMC'), resin transfer molding ('RTM'), liquid molding of dicyclopentadiene ('DCPD'), spray-up and hand-lay-up, glass mat thermoplastics ('GMT'), direct long-fiber thermoplastics ('D-LFT') and structural foam and structural web injection molding ('SIM'). Core Molding Technologies serves a wide variety of markets, including the medium and heavy-duty truck, marine, automotive, agriculture, construction, and other commercial products. The demand for Core Molding Technologies' products is affected by economic conditions in the United States, Mexico, and Canada. Core Molding Technologies' manufacturing operations have a significant fixed cost component. Accordingly, during periods of changing demand, the profitability of Core Molding Technologies' operations may change proportionately more than revenues from operations.
Company profile
Ticker
CMT
Exchange
Website
CEO
David Duvall
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CORE MATERIALS CORP
SEC CIK
Corporate docs
Subsidiaries
Core Composites Corporation • Horizon Plastics International Inc. ...
IRS number
311481870
CMT stock data
Calendar
10 May 22
26 Jun 22
31 Dec 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.33M | 1.33M | 1.33M | 1.33M | 1.33M | 1.33M |
| Cash burn (monthly) | 1.61M | 141.75K | (no burn) | (no burn) | 552.33K | (no burn) |
| Cash used (since last report) | 4.62M | 407.37K | n/a | n/a | 1.59M | n/a |
| Cash remaining | -3.29M | 918.63K | n/a | n/a | -261.32K | n/a |
| Runway (months of cash) | -2.0 | 6.5 | n/a | n/a | -0.5 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Jun 22 | Cellitti Thomas R | Common Stock | Buy | Acquire P | No | No | 9.532 | 2,500 | 23.83K | 117,305 |
| 19 May 22 | James C Highfield | Common Stock | Sell | Dispose S | No | No | 10.5975 | 10,094 | 106.97K | 46,947 |
| 19 May 22 | Duvall David L. | Common Stock | Sell | Dispose S | No | No | 10.25 | 15,000 | 153.75K | 444,084 |
| 12 May 22 | Cellitti Thomas R | Common Stock | Grant | Acquire A | No | No | 0 | 11,106 | 0 | 114,805 |
| 12 May 22 | Smith Andrew O | Common Stock | Grant | Acquire A | No | No | 0 | 7,572 | 0 | 74,937 |
Institutional ownership, Q1 2022
47.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 34 |
| Opened positions | 14 |
| Closed positions | 0 |
| Increased positions | 2 |
| Reduced positions | 7 |
| 13F shares | Current |
|---|---|
| Total value | 43.59M |
| Total shares | 4.15M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Renaissance Technologies | 535.66K | $5.76M |
| Dimensional Fund Advisors | 518.37K | $5.58M |
| GBL Gamco Investors | 474.94K | $5.11M |
| Wax Asset Management | 467.07K | $3.98M |
| Heartland Advisors | 420K | $4.52M |
| Vanguard | 327.21K | $3.52M |
| Gabelli Funds | 319.5K | $3.44M |
| Gendell Jeffrey L | 292.56K | $3.15M |
| TETAA Teton Advisors | 169.5K | $1.82M |
| Bridgeway Capital Management | 122.1K | $1.31M |
Financial report summary
?Management Discussion
- Net sales for the three months ended March 31, 2022 and 2021 totaled $90,592,000 and $72,829,000, respectively. Included in net sales were tooling project sales of $691,000 and $3,696,000 for the three months ended March 31, 2022 and 2021, respectively. These sales are sporadic in nature and fluctuate in regard to scope and related revenue on a period-to-period basis. Product sales, excluding tooling project sales, for the three months ended March 31, 2022 were $89,901,000 compared to $69,133,000 for the same period in 2021. The increase in sales is primarily the result of higher demand from the medium and heavy-duty truck, power sports, and building product markets and price increases related to raw material and labor cost inflation. The Company's product sales for the three months ended March 31, 2022 compared to the same period in 2021 by market are as follows (in thousands):
Content analysis
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New words:
elevated, evidenced, examination, maturity, methodology, monitoring, multiple, offered, reserve, separate, shipment, stable, unlimited
Removed:
acquiring, active, added, advance, agriculture, Aid, Airshield, amendment, American, amortized, AOCI, asserted, August, authoritative, authorized, automotive, Batavia, began, behalf, Binani, Brian, Buyer, carryback, carryforward, categorization, Certificate, Certification, Cincinnati, closed, composite, compound, compounder, compression, construction, CPI, cyclical, David, DCPD, Deed, deferral, description, Designation, dicyclopentadiene, direct, Director, distributor, diversified, division, Document, documented, duly, duration, Duvall, Elimination, enacted, encouraged, Escobedo, exhibit, expanded, expediting, experienced, Extension, favorable, favorably, fit, foam, footprint, forbearance, forecasted, formally, formation, framework, freight, gain, geographic, heavy, hedged, hierarchy, Horizon, identical, Incorporate, incorporated, Incorporation, indefinite, ineffective, injection, Instance, International, John, judgment, July, Junior, Label, largest, law, leased, Level, Linkbase, literature, magnitude, maintain, manufacturer, marine, measurement, Merger, minimize, mold, Mortgage, negotiate, observable, obtain, omitted, ownership, payroll, plastic, Preferred, President, privately, profitability, proportionately, quoted, receive, received, reduced, reflecting, registrant, Registration, reinforced, reliable, relief, Research, resin, resolution, restated, retaining, reversal, RTM, RYMAC, schedule, Schema, SEC, Secretary, Section, sell, September, significantly, SIM, SMC, spend, spray, Statement, statutory, subsequently, summarize, supplied, Taxonomy, thereunto, transaction, Treasurer, undersigned, unit, unobservable, utilized, valid, validate, variety, Vice, volume, web, wholly, wide, XBRL, Zimmer
Financial reports
Current reports
8-K
2022 East Coast IDEAS Conference INVESTOR PRESENTATION June 2022 1
21 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
13 May 22
8-K
Core Molding Technologies Reports Fiscal 2022
10 May 22
8-K
SPRING 2022 INVESTOR PRESENTATION April 2022 1
1 Apr 22
8-K
Core Molding Technologies Reports Fiscal 2021
8 Mar 22
8-K
Core Molding Technologies Reports Q3 2021 Results
12 Nov 21
8-K
Regulation FD Disclosure
23 Aug 21
8-K
Core Molding Technologies Reports Q2 2021 Results
6 Aug 21
8-K
Submission of Matters to a Vote of Security Holders
13 May 21
8-K
Core Molding Technologies Reports Strong Q1 2021 Results
13 May 21
Registration and prospectus
25-NSE
Exchange delisting
7 Apr 21
8-A12B/A
Registration of securities on exchange (amended)
6 Apr 21
8-A12B
Registration of securities on exchange
21 Apr 20
8-A12B/A
Registration of securities on exchange (amended)
1 Apr 15
S-3
Shelf registration
13 Nov 14
S-8
Registration of securities for employees
18 May 11
8-A12B
Registration of securities on exchange
18 Jul 07
S-8
Registration of securities for employees
27 Jul 06
Other
EFFECT
Notice of effectiveness
21 Dec 20
CORRESP
Correspondence with SEC
15 Dec 20
UPLOAD
Letter from SEC
14 Dec 20
CERT
Certification of approval for exchange listing
22 Apr 20
UPLOAD
Letter from SEC
14 Jul 19
CORRESP
Correspondence with SEC
4 Jul 19
UPLOAD
Letter from SEC
11 Jun 19
EFFECT
Notice of effectiveness
19 Nov 17
CORRESP
Correspondence with SEC
16 Nov 17
UPLOAD
Letter from SEC
15 Nov 17
Ownership
4
CORE MOLDING / THOMAS R CELLITTI ownership change
16 Jun 22
4
CORE MOLDING / DAVID L. DUVALL ownership change
20 May 22
4
CORE MOLDING / James C Highfield ownership change
20 May 22
4
CORE MOLDING / Sandra Lee Kowaleski ownership change
16 May 22
4
CORE MOLDING / RENEE R ANDERSON ownership change
16 May 22
4
CORE MOLDING / Matthew Jauchius ownership change
16 May 22
4
CORE MOLDING / Andrew O Smith ownership change
16 May 22
4
CORE MOLDING / THOMAS R CELLITTI ownership change
16 May 22
4
CORE MOLDING / RALPH O HELLMOLD ownership change
15 May 22
4
CORE MOLDING / James C Highfield ownership change
15 May 22
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