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Stock impact report

Core Molding Technologies Announces $7,500,000 Stock Repurchase Program

Core Molding Technologies Inc (CMT) 
Company Research Source: GlobeNewswire
COLUMBUS, Ohio, March 11, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico, today announced that its Board of Directors authorized a stock repurchase program of up to $7,500,000 of the Company’s issued and outstanding common stock, par value $1.00 per share. “The combination of the Company’s operational performance and the strength of the balance sheet enables the Company to allocate capital to the repurchase of Company shares while also allocating capital to the growth of the Company,” said Core Chief Executive Officer David Duvall. “The timing of this decision is just another step in the Company’s transformation plan that started several years ago.” Repurchases of shares Show less Read more
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