Core Molding Technologies, Inc.
New York Stock Exchange AmericanCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- David L. Duvall
- Full Time Employees
- 1,570
- Sector
- Basic Materials
- Industry
- Chemicals - Specialty
- Address
- 800 Manor Park Drive Columbus OH United States of America 43228-0183
- IPO Date
- Sep 16, 1988
- CIK
- 0001026655
- Website
- coremt.com
- Similar Companies
- Business
- Core Molding Technologies, Inc. specializes in engineered materials with a focus on molded structural products primarily for building products, utilities, and commercial sectors. The company manufactures fiber reinforced plastics and plastic composites, offering a comprehensive range of products including shielding, vehicle roofs, hoods, marine components, structural reinforcements, Class-A body panels, telecommunication equipment, aftermarket styling, industrial fan blades, and consumer goods. Its manufacturing processes involve advanced thermoplastic technologies such as direct long-fiber thermoplastics (DLFT), structural foam, structural web injection molding, compression molding (SMC and GMT), spray-up, hand lay-up, resin transfer molding (RTM), and reaction injection molding (RIM). Core Molding also provides design, program management, manufacturing, and distribution services, including custom material formulations, composite mold construction, design for manufacturability, and Six Sigma program management. The company operates manufacturing facilities primarily in North America, serving markets in the United States, Mexico, and Canada. Founded in 1971 and headquartered in Columbus, Ohio, Core Molding Technologies maintains over 1,000,000 square feet of manufacturing space. Recent major company changes include an ongoing "Invest For Growth" strategy with $47 million in new business wins in the first half of fiscal 2025 and announced organic investments totaling $25 million to enhance operational capacity. The company is undergoing a leadership transition with COO Eric Palomaki set to succeed CEO Dave Duvall upon his retirement in May 2026. Core Molding is actively pursuing strategic acquisitions to expand sales channels, geographic footprints, and complementary manufacturing capabilities, with a rapidly expanding M&A pipeline. Despite some revenue headwinds from the phase-out of Volvo programs, new program revenues and tooling revenues are offsetting this decline, reflecting successful early-stage diversification efforts into construction, industrial, energy, and medical markets. Core Molding's recent operational improvements have yielded record operational cash flow and margin stability, supported by process optimizations, sales function enhancements, and continued expansion of engineered thermoplastic capabilities through prior acquisitions such as CPI-Binani and Horizon Plastics International, which added DLFT and low-pressure injection molding, respectively. Core Molding Technologies is positioned as a leading provider of custom composite molding solutions with over 35 million parts produced annually, offering advanced composite engineering support with CAD/CAM design, simulation, prototype development, and testing services. Its strategic focus encompasses medium- and large-format composite products for diverse end markets including automotive, marine, agriculture, and construction, leveraging 17 proprietary manufacturing technologies and 17 manufacturing patents aimed at weight reduction, cost optimization, and complex geometry solutions. This comprehensive portfolio and recent strategic initiatives position Core Molding Technologies as a significant player in the engineered materials industry with a growing footprint in high-value segments and a strong operational foundation in North America.
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