India, Aug. 5 -- Core Molding Technologies, Inc. (CMT), a US-based engineered materials company, on Tuesday reported lower net sales for the second quarter of fiscal 2025, ended June 30, 2025.
The company posted net income of $4.1 million, or $0.47 per share, for the second quarter of 2025, a decrease from $6.4 million, or $0.73 per share, in the same quarter last year.
The decline in net income was primarily driven by reduced sales due to the previously announced truck program phase-out and continued weakness in consumer demand within the truck and powersports segments. Additionally, pressure on fixed cost leverage and an unfavorable sales mix impacted profitability.
Net sales for the quarter were $79.2 million, down from $88.7 million ...