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Stock impact report

Core Molding Technologies Reports Fiscal 2024 Second Quarter Results [Yahoo! Finance]

Core Molding Technologies Inc (CMT) 
Company Research Source: Yahoo! Finance
leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today reports financial and operating results for the fiscal periods ended June 30, 2024. Second Quarter Highlights Total net sales of $88.7 million decreased 9.2% compared to the prior year second quarter. Gross margin of $17.7 million, or 20.0% of net sales, compared to 21.0% of net sales in the prior year second quarter. Selling, general, and administrative expenses of $10.2 million, or 11.5% of net sales, compared to $10.5 million, or 10.7% of net sales for the prior year second quarter. Operating income of $7.5 million, or 8.4% of net sales, compared to operating income of $10.1 million, or 10.3% of net sales for the prior year second quarter. Net income of $6.4 million, or $0.73 per diluted share, compared to net income of $7.9 mil Show less Read more
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