2023-03-14 07:08:41 ET
- Core Molding press release ( NYSE: CMT ): Q4 GAAP EPS of $0.57 beats by $0.43 .
- Revenue of $86.4M (+18.1% Y/Y) beats by $8.8M .
- Gross margin of $11.5 million, or 13.4% of net sales, compared to $8.5 million or 11.6% of net sales in the prior year.
- Adjusted EBITDA of $6.1 million, or 7.0% of net sales, compared to $4.9 million, or 6.8% of net sales in the prior year.
- The company’s capital expenditures for 2022 were $16.6 million, including $8.8 million of capacity expansion and automation investments.
- The Company plans for 2023 capital expenditures of approximately $13 million to meet current demand and allow us to add new business.
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Core Molding GAAP EPS of $0.57 beats by $0.43, revenue of $86.4M beats by $8.8M