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Eric Palomaki, Executive Vice President of Operations at Core Molding Technologies Inc . (AMEX:NYSE:CMT), recently acquired a total of 2,000 shares of the company’s common stock. The transactions, which took place on March 14 and March 17, 2025, were executed at prices ranging from $13.99 to $14.01 per share, amounting to a total investment of $28,000. The purchase price represents a significant discount from the stock’s 52-week high of $21, with the company maintaining a strong financial health score of 3.44 according to InvestingPro data.
Following these purchases, Palomaki now directly owns 160,244 shares of the company. The transactions reflect continued confidence in the company’s prospects, as Core Molding Technologies continues to operate in the specialized plastics products sector. The company maintains a healthy balance sheet with a current ratio of 2.8 and generated $33.03M in EBITDA over the last twelve months. With the next earnings report scheduled for May 13, 2025, InvestingPro subscribers can access 7 additional key insights and a comprehensive Pro Research Report about CMT’s financial outlook and market position.
In other recent news, Core Molding Technologies Inc. reported its fourth-quarter 2024 earnings, revealing a miss on earnings per share (EPS) expectations but a revenue beat. The company posted an EPS of $0.10, falling short of the forecasted $0.12, while revenue exceeded expectations at $62.5 million compared to the projected $58.8 million. Despite the revenue increase, the company experienced a 15.3% decline in net sales for the quarter, attributed to challenges in the truck market. Core Molding is diversifying into new markets, such as construction and energy, to offset these challenges. The company anticipates a flat sales outlook for 2025, with a 5-10% revenue decline expected in the first half due to a transition with Volvo (OTC:VLVLY). Analysts have noted the company’s focus on maintaining margin stability amidst these changes. Looking ahead, Core Molding plans to invest $10-12 million in capital expenditures and is aiming to execute an acquisition in 2025.
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