Core Molding reports Q2 EPS 73c vs 91c last year

Reports Q2 revenue $88.7M vs $97.7M last year. David Duvall, the Company’s President and Chief Executive Officer, said, “Our second quarter performance reflects our focus on investing for growth, operational performance and cash flow generation. Because we design and manufacture engineered solutions using innovative processes, the Company’s 2024 sales transformation is imperative to our next phase which is focused on growth and leveraging the significant improvements we have made in our operations and engineering functions. Our Must Win Battle this year of Invest For Growth involves streamlining the Sales execution processes, increasing resources in our Account Management team, deeper data-driven market analyses, and increasing customer engagement events. Our structural sales and operational workstreams include 1) new leadership and specialized teams to ‘own’ growth in each vertical, 2) comprehensive sales engagement and cross-selling our portfolio into every relationship, and 3) a robust lead generation process with active participation and follow-up of industry trade shows and customer lunch & learn events.