Core Molding Technologies, Inc. (AMEX:CMT) Q1 2024 Earnings Call Transcript

Tim Moore: Great.

John Zimmer: Yes. To follow-up, we really don’t have any other visibility to any other sales programs falling off. Like Dave said, one of our goals is that we’re actually bidding on business two, three years out. We have some of those programs that we’ve mentioned last year and this year that are wins, which is replacement business three years out. And so we really don’t have anything like a Volvo out there that we’re aware of. I think our customer relationships are good in all those areas. And I think the original comment that Dave made about where we are operationally, we really do think, operationally in this industry, we’re pretty strong compared to some of our competitors that have gone through some challenges. And so I think we’re really placed right. We’ve got to go win the business, and there’s really no other major programs that we know of that or have been awarded away at this point or anything like that.

Tim Moore: Great. Thanks for that.

Dave Duvall: I think a lot of what we worked on was really getting the business model right, being able to get our execution in place as far as our costs as well as what we talk about on the market pricing. So I think preparing the organization and now looking at what we need to do to invest or to drive growth, to have the peak of the season come in and not be ready for that, we’ve seen what that does in the past in 2018, 2019.

Tim Moore: Great. Thanks for the color on the customer outlook and the visibility that you have there. That’s really helpful. And congratulations again on just being very good this year at managing gross margin, especially your guidance for the year. I appreciate that. Thanks.

Dave Duvall: Thanks, Tim.

Operator: And at this time, we are showing no further questioners in the queue, and this does conclude our question-and-answer session. I would now like to turn the conference back over to Dave Duvall for any closing remarks.

Dave Duvall: So thank you for your continued interest in our company. We’ll participate in the upcoming East Coast IDEAS Conference in New York in June, and we look forward to providing an update on our progress when we report the second quarter results in August. Thank you very much, and have a great day.

Operator: The conference has now concluded. Thank you for attending today’s presentation, and you may now disconnect.