Core Molding expects 2026 net sales to be flat to up approximately 5%.
The company projects 2026 gross margin in the 17% to 19% range.
Core Molding expects a gradual recovery in the truck market during the second half of 2026.
Quarterly overview
US engineered materials firm's fiscal Q2 production revenue fell 1.2% year over year on weak truck demand.
Adjusted net income per share for Q2 declined from the prior year.
The company secured $26 million in new business awards, expanding into energy storage and utilities.
Drivers behind the results
Truck market weakness - The company said lower production sales were due entirely to softness in the medium- and heavy-duty truck market.
Other markets offset - Strong growth in powersports, building products, and industrial and utilities end markets offset truck weakness, according to CEO Eric Palomaki.
Gross margin improvement - Gross margin rose due to favorable product mix, operating efficiencies, and a one-time customer capacity credit.
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