CORE MOLDING TECHNOLOGIES Business Summary

Core Molding Technologies Inc (CMT) operates as a leading engineered materials company specializing in the production of molded structural products through a single reporting segment. The company generates revenue primarily through the manufacturing and sale of complex plastic and composite components using a diverse range of thermoset and thermoplastic processes, including sheet molding compound (SMC) compression molding, resin transfer molding (RTM), and structural foam injection. CMT serves a broad North American customer base across the medium and heavy-duty truck, marine, automotive, agriculture, and construction industries. While historically reliant on the trucking sector, the company has successfully executed an "Invest For Growth" strategy to diversify into high-growth adjacent markets such as EV battery enclosures and aerospace. CMT competes directly with firms like Teijin Automotive Technologies, Molded Fiber Glass Companies (MFG), and Ashley Industrial Molding, positioning itself as a full-service provider capable of handling high-volume, large-format structural applications that require superior strength-to-weight ratios. Originally established as a spin-off from Navistar International in 1996, the company is currently led by President and CEO David L. Duvall, who joined in 2018 from Signode Industrial Group and is credited with CMT’s financial turnaround and strategic diversification. Following a planned succession, current Chief Operating Officer Eric L. Palomaki—formerly a manufacturing leader at Acuity Brands—is slated to assume the CEO role in June 2026. The executive team is further bolstered by Executive Vice President and CFO Alex Panda and Chief Commercial Officer Alex Bantz. The company’s governance is overseen by Chairman Thomas R. Cellitti, a veteran of the transportation industry. Notable institutional backing includes significant positions held by GAMCO Investors, BlackRock, and Renaissance Technologies, with Navistar Inc remaining a key strategic shareholder and long-term partner.