Core Molding Technologies Authorizes $7.5M Share Buyback
Columbus, Ohio – October 16, 2026 -- Core Molding Technologies (NYSE American: CMT) has authorized a stock repurchase program of up to $7.5 million of its issued and outstanding common stock, which has a par value of $1.00 per share.
Board approval sets a $7.5 million ceiling on repurchases
The Board of Directors approved the program. Shares will be bought in the open market in accordance with applicable securities laws.
The program does not obligate Core Molding to acquire any particular amount of stock. The company may suspend or terminate it at any time at its discretion.
Incoming CEO Eric Palomaki links buyback to balance sheet strength
Eric Palomaki, Chief Operating Officer and incoming Chief Executive Officer, said the authorization reflects the company's strong financial position and its confidence in long-term growth prospects. He also said it reflects a commitment to enhancing shareholder value.