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core molding technologies in (CMT) Snapshot

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03/6/14 - $15.49
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core molding technologies in (CMT) Details

Core Molding Technologies, Inc., together with its subsidiaries, manufactures sheet molding compounds (SMC) and molds of fiberglass reinforced plastics. The company specializes in large-format moldings and offers a range of fiberglass processes, including compression molding of SMC, glass mat thermoplastics, and bulk molding compounds; and spray-up, hand lay-up, and resin transfer molding products. It also offers reaction injection molding products. Core Molding Technologies, Inc. sells its products for various markets, such as medium and heavy-duty truck, marine, automotive, agriculture, construction, and other commercial products in the United States, Mexico, and Canada. The company was formerly known as Core Materials Corporation and changed its name to Core Molding Technologies, Inc. in August 2002. Core Molding Technologies, Inc. was founded in 1988 and is headquartered in Columbus, Ohio.

1,458 Employees
Last Reported Date: 03/20/14
Founded in 1988

core molding technologies in (CMT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $409.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $31.6K
Chief Operating Officer and Vice President
Total Annual Compensation: $292.7K
Vice President of Marketing & Sales
Total Annual Compensation: $197.5K
Compensation as of Fiscal Year 2013.

core molding technologies in (CMT) Key Developments

Core Molding Technologies Inc. Introduces Two New Ultra-Low Density SMC Formulations

Core Molding Technologies Inc. announced the availability of two new ultra-low density SMC formulations. The systems expand Core's offerings of ultra-low density SMC materials and molded composite products. Core's new, ultra-low density Mirilite SMC has a nominal density of 1.2, and demonstrates automotive Class A surface performance. Under suitable molding conditions, Mirilite SMC can achieve an ALSA rating of 57-63, while weighing 37% less than traditional Class A SMC material systems. ALSA, Advanced Laser Surface Analysis, is an industry-recognized standard for classifying the surface appearance of composites. An ALSA rating of 65 or lower indicates a Class A surface condition. Mirilite SMC is intended for exterior applications in automobiles and heavy trucks, including hoods, door panels and trunk deck lids or other applications requiring high cosmetic appearances. The company has also developed a lower-cost, ultra-low density SMC for utility applications that do not require premium surface appearance. Econolite SMC is a 1.18 system that evolved from the company's highly-successful FeatherliteXL and Airilite SMC systems.

Core Molding Technologies Enters New Supply Agreement with Navistar

Core Molding Technologies Inc. announced that the company has entered into a new multi-year supply agreement with Navistar Inc. Under the terms of the supply agreement, Navistar will continue to purchase its original equipment and service requirements for specified fiberglass reinforced products from Core Molding Technologies through October 31, 2018.

Core Molding Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Core Molding Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income for the second quarter ended June 30, 2014 was $2,520,000, or $0.34 per basic and $0.33 per diluted share, compared with $1,589,000, or $0.22 per basic and $0.21 per diluted share in the second quarter of 2013. Total net sales for the second quarter were $46,124,000, compared with $34,681,000 in the same quarter of 2013. Operating income was $3,873,000, compared with $2,500,000 in the same quarter of 2013. Income before taxes was $3,833,000, compared with $2,451,000 in the same quarter of 2013. For the first six months of 2014, net income was $4,640,000 or $0.62 per basic and diluted share, compared with net income of $3,270,000, or $0.46 per basic and $0.44 per diluted share, for the same period of 2013. Total net sales for the first six months of 2014 were $87,199,000, compared with $69,043,000 for the same period of 2013. Operating income was $6,989,000, compared with $5,117,000 in the same period of 2013. Income before taxes was $6,917,000, compared with $4,979,000 in the same period of 2013.


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