Core Molding Technologies, Inc. announced that the company signaled double-digit sales declines for 2024 compared to 2023, and expect the first half of 2024 declines to be higher than second half 2024 declines. First quarter aligned with expectations due to tougher comparisons from channel de-stocking and demand shifts in end markets. The company anticipates second quarter 2024 demand levels to be similar to first quarter 2024 demand levels.

The company still anticipate a full year sales decrease of 10% to 15%, consistent with previous guidance.