The company reports $17 million in new wins for Q1 2026 while maintaining a 17%-19% gross margin outlook.
Core Molding Technologies announced plans to secure $50 million in new awards by 2026, following a strong start to the year. The company reported $17 million in additional new wins during Q1 2026, citing operational progress as a key driver.
Management reiterated its gross margin target of 17%-19%, unchanged from prior guidance. The company also highlighted the relocation of five out of nine presses to a new facility, aiming to improve efficiency.
No immediate market reaction was disclosed in the earnings call summary.