Segment Reporting

9 Months Ended

Sep. 30, 2025

SEGMENT REPORTING

Segment information is prepared on the same basis that our Chief Executive Officer ("CEO"), who serves as our Chief Operating Decision Maker ("CODM"), manages our business, evaluates financial results, and makes key operating decisions. The North America reportable operating segment comprises all manufacturing operations located in the United States, Canada, and Mexico, which we have aggregated into a single reportable operating segment, North America, in consideration of the aggregation criteria set forth in ASC 280. These operations share similar economic characteristics, production processes, and customer bases. The North America reportable segment generates its revenue primarily from the manufacturing and sale of sheet molding compound and molded structural plastic products to customers in the heavy truck, power sports, building products and industrial markets. Our CODM uses income from operations to evaluate performance and make key operating decisions, such as allocating resources and assessing growth opportunities within the North America segment. The CODM is not provided asset information by reportable segment, as asset information is reviewed on a consolidated basis.

The following tables present selected financial information with respect to our single reporting segment for the three and nine months ended September 30, 2025 and 2024 (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
North America Segment:
Product sales	$	54,178	$	71,258	$	176,823	$	231,045
Tooling sales	4,257		1,734		22,298		8,835
North America Segment Total Revenue	58,435		72,992		199,121		239,880

Less:
Variable Cost of Goods Sold	41,850		53,215		142,357		173,686
Fixed Cost of Goods Sold	6,440		7,432		20,522		22,819
Selling, Goods and Administration	7,572		8,740		25,616		27,550
North America Segment Operating Income	2,573		3,605		10,626		15,825

Less:
Net interest (income) expense	34		(144)		18		(99)
Net periodic post retirement benefit	(117)		(138)		(344)		(414)
Income taxes	779		727		2,840		3,000
North America Net Income	1,877		3,160		8,112		13,338

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

CORE MOLDING TECHNOLOGIES INC 10-Q