Core molding technologies reports q1 earnings per share of $0.97

Core molding technologies reports $11.8m improvement in net income on 11.4% lower sales for the first quarter 2020.q1 earnings per share $0.97.q1 sales $64 million versus $72.3 million.core molding technologies - sales declined in q1 of 2020, due to industry demand decline in north american heavy-duty trucks.product revenues declined about 72% in april as compared to prior three months' average.begun to increase production starting may 4.core molding technologies - expects to increase production throughout month of may.core molding technologies - implemented cost reduction measures to reduce operating costs, including temporary layoffs of hourly employees.temporary reduction in salaries, and discretionary spending reductions.working closely with its lending group to manage available liquidity.core molding technologies - extent to which covid-19 will impact business is uncertain.expects heavy and medium duty truck sales levels to decline in 2020.
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