Core Molding reports Q1 EPS 25c vs 43c last year

Reports Q1 revenue $61.4M vs $78.145M last year. David Duvall, the Company’s President and Chief Executive Officer, said, “We delivered strong gross margin expansion, solid profitability, and positive free cash flow this quarter, despite the anticipated revenue decline previously communicated. Our disciplined execution of Core’s “Invest for Growth” strategy drove $15 million in new business wins-$10 million of which came from new customer agreements for formulated sheet molding compound materials. SMC wins are especially valuable, offering faster quote-to-cash cycles than our longer-lead technical solutions”