Strength Seen in Trinseo (TSE): Can Its 15.8% Jump Turn into More Strength? [Yahoo! Finance]
Core Molding Technologies Inc (CMT)
NASDAQ:AMEX Investor Relations:
coremt.com/investor-relations/corporate-overview
Company Research
Source: Yahoo! Finance
The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 32.9% gain over the past four weeks. Shares of Trinseo gained since it announced significant restructuring initiatives that will position the company for long-term growth. The company is consolidating its Engineered Materials, Plastics Solutions and Polystyrene businesses beginning Oct. 1, 2024. This move will minimize the workforce by consolidating management positions and support roles. Trinseo also announced that it would discontinue virgin polycarbonate production at its Stade, Germany facility by January 2025. The company will then purchase polycarbonate from external vendors, resulting in a yearly run rate profitability improvement of $15-20 million. Trinseo anticipates saving $30 million annually by consolidating the business, with $25 million realized in 2025 and the full benefits by 2026. This plastics and latex maker is expected to post quarter
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CMT
News
- Core Molding Technologies Appoints Alex Bantz as Chief Commercial Officer to Lead Strategic ExpansionGlobeNewswire
- Core Molding Technologies Announces Timing of Third Quarter Fiscal Year 2024 ResultsGlobeNewswire
- Core Molding Technologies to Present and Host 1x1 Meetings at the 15th Annual Midwest IDEAS Conference on August 28, 2024GlobeNewswire
CMT
Earnings
- 8/6/24 - Beat
CMT
Sec Filings
- 10/22/24 - Form SC
- 9/17/24 - Form 4
- 9/16/24 - Form 4
- CMT's page on the SEC website