Core Molding Technologies, Inc., a North American molder of engineered thermoplastic and thermoset products, reported a 9% revenue decline to $273.8 million in 2025, driven by lower sales in its largest market—medium and heavy-duty trucks—and the transition of Volvo programs. Operating income improved over threefold to $3.6 million, supported by pricing actions and cost efficiencies, despite a 45% decline in operating cash flow due to working capital build. The company is investing $18–20 million in expanding Mexican manufacturing capacity in 2026, with expected one-time SG&A costs of about $2.5 million early in the year. Management forecasts modest revenue growth of up to 5% in 2026 with stronger second half performance amid ongoing program launches. Significant customer concentration and cyclical demand remain key risks.