Loading...
Docoh

Core Molding Technologies (CMT)

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
Subsidiaries
Core Composites Corporation • Horizon Plastics International Inc. ...
IRS number
311481870

CMT stock data

Calendar

10 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
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

Beta Read what these cash burn values mean

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
47.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 34 20 +70.0%
Opened positions 14 2 +600.0%
Closed positions 0 16 EXIT
Increased positions 2 2
Reduced positions 7 7
13F shares Current Prev Q Change
Total value 43.59M 30.18M +44.4%
Total shares 4.15M 3.55M +16.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Renaissance Technologies 535.66K $5.76M -7.7%
Dimensional Fund Advisors 518.37K $5.58M -4.6%
GBL Gamco Investors 474.94K $5.11M 0.0%
Wax Asset Management 467.07K $3.98M 0.0%
Heartland Advisors 420K $4.52M -1.2%
Vanguard 327.21K $3.52M NEW
Gabelli Funds 319.5K $3.44M 0.0%
Gendell Jeffrey L 292.56K $3.15M +0.4%
TETAA Teton Advisors 169.5K $1.82M 0.0%
Bridgeway Capital Management 122.1K $1.31M NEW
Largest transactions Shares Bought/sold Change
Vanguard 327.21K +327.21K NEW
Bridgeway Capital Management 122.1K +122.1K NEW
Clearstead Advisors 105.9K +105.9K NEW
Renaissance Technologies 535.66K -45K -7.7%
Dimensional Fund Advisors 518.37K -24.95K -4.6%
Belpointe Asset Management 21.4K +21.4K NEW
STT State Street 19.56K +19.56K NEW
Black Diamond Capital Management, L.L.C. 18.76K +18.76K NEW
Diamond Hill Capital Management 70.97K +18.27K +34.7%
RY Royal Bank Of Canada 14.5K +14.5K NEW

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

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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