3/10/2026

speaker
Operator
Conference Operator

Good morning, everyone. Welcome to the Core Molding Technologies fourth quarter and full year 2025 financial results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference call is being recorded. I will now turn the call over to Sandy Martin, three-part advisors. Please go ahead.

speaker
Sandy Martin
Three-Part Advisors

Thank you and good morning, everyone. We appreciate your joining us for Core Molding Technology's conference call to review our 2025 results. Joining me on the call today are the company's president and CEO, Dave Duvall, as well as COO and incoming CEO, Eric Palamacki, and CFO, Alex Panda. This call is being webcast and can be accessed through coremt.com via an audio link on the investor relations events and presentations page. Today's conference call, including the Q&A session, will be recorded. Please be advised that any time-sensitive information may no longer be accurate as of the date of any replay or transcript reading. I would also like to remind you that the statements made in today's discussion that are not historical facts, including statements or expectations or future events or future financial performance or forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are uncertain and outside the company's control. Actual results may differ materially from those expressed or implied. Please refer to today's earnings release for our disclosures on forward-looking statements. These factors and other risks and uncertainties are described in detail in the company's filings with the Securities and Exchange Commission. Core molding technologies assumes no obligation to update or revise any forward-looking statements publicly. Management will refer to non-GAAP measures, including adjusted EPS, adjusted EBITDA, and debt to trailing 12 months EBITDA ratio, free cash flow, and return on capital employed. Reconciliations to the nearest GAAP measures are available at the end of our earnings release. Our earnings release has been submitted to the SEC on Form 8K, Now I would like to turn the call over to the company's president and CEO, Dave Duvall. Dave?

speaker
Dave Duvall
President & CEO, Core Molding Technologies

Thank you, Sandy. Good morning, everyone, and thank you for joining us today. We appreciate your continued interest in core molding technologies. In 2019, we set out to fundamentally transform the organization to create a company with three foundational values. Number one, a winning culture that values team success over individual success. A short story here. It's funny how things can make complete sense after some time. You know, I had a leader tell me many years ago after me working all night long getting a plant up and running that winners win. At the time, I thought whatever and just wanted to get some sleep. But I learned it really is a truth. You create a team that sees themselves as winners and they enjoy winning enough to overcome all the challenges that you face as a team. Number two, disciplined execution, which is even more important than a good strategy. Number three, the team values and expects a daily inner drive from every employee to continually improve, learn, and grow. To me, this is the required basic foundation for any high-achieving organization, and we have purposefully driven these values throughout every system in our business. We are more excited than ever by the progress we've made and the robust foundation we've built to drive sustained growth. Through this transformation, we've implemented more robust operating systems, expanded margins, strengthened the balance sheet, created a deep and capable leadership team, and established a performance-driven culture. With that foundation firmly in place, as proven by our financial performance, we are now focused on leveraging all that we've created to drive growth. Over the past two years, we have also completed a comprehensive executive leadership transition through a purposeful and structured process. This strategic emphasis on continuity and readiness supported by extensive training, coaching, and development will ensure strong alignment, continued financial and operating performance, and ultimately drive long-term success for the company and our shareholders. As previously shared, I plan to officially retire from CORE at the end of May, with Eric seceding me as CEO. I'm incredibly grateful for the opportunity to continue supporting the organization in an executive advisory role through the end of 2027. In that capacity, I'll continue to work closely with Eric, our board, and the broader leadership team to ensure continuity and a smooth and successful transition as they lead the company forward. Looking ahead, I'm confident in Core's long-term direction, the momentum we built, the recent wins across the business, and the strength of our leadership team reinforces a path we are on as the company continues to drive growth and long-term value creation. With that, I would like to turn the call over to Eric and Alex to discuss our fourth quarter and full year performance. Eric?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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