Core Molding Technologies Inc Profit Drops In Q1

Core Molding Technologies Inc (CMT) announced earnings for first quarter that decreased from the same period last year

The company's bottom line totaled $2.18 million, or $0.25 per share. This compares with $3.75 million, or $0.43 per share, last year.

Excluding items, Core Molding Technologies Inc reported adjusted earnings of $2.57 million or $0.29 per share for the period.

The company's revenue for the period fell 21.4% to $61.44 million from $78.14 million last year.

Core Molding Technologies Inc earnings at a glance (GAAP) :

-Earnings: $2.18 Mln. vs. $3.75 Mln. last year.
-EPS: $0.25 vs. $0.43 last year.
-Revenue: $61.44 Mln vs. $78.14 Mln last year.

by RTTNews Staff Writer

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