CMCO

Columbus McKinnon Announces Successful Completion of Term Loan B Repricing

Retrieved on: 
Tuesday, March 19, 2024
Supply Chain Management, Machinery, Machine Tools, Metalworking & Metallurgy, Electronic Commerce, Technology, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Retail, Packaging, Engineering, Building Systems, Manufacturing, Adjustment, CMCO, Growth, TLB, Life insurance

Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), today announced that it successfully completed the repricing of its $497.6 million senior secured Term Loan B (“TLB”).

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), today announced that it successfully completed the repricing of its $497.6 million senior secured Term Loan B (“TLB”).
  • The Company estimates the TLB repricing will produce annualized cash interest expense savings of approximately $2.5 million.
  • "We are pleased to complete the repricing of our Term Loan B.
  • The repricing of our Term Loan B will result in lower interest expense in fiscal year 2025 and be accretive to earnings per share.”
    No other material changes were made to the terms and conditions of the TLB.

Columbus McKinnon Announces Appointment of Chris Stephens Jr. to Board of Directors

Retrieved on: 
Monday, March 18, 2024
Engineering, Transport, Logistics, Supply Chain Management, Manufacturing, Other Manufacturing, Machinery, Sealed Air, Growth, Business, SVP, CMCO, Barnes Group, Honeywell, Boeing, Senior, Loyola Marymount University, Compensation, Succession, Multimedia, Atmosphere of Earth, Audit committee, Management

Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), today announced the appointment of Chris J. Stephens Jr. to its Board of Directors effective immediately.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), today announced the appointment of Chris J. Stephens Jr. to its Board of Directors effective immediately.
  • “I am thrilled to partner with David and the Board to support the advancement of Columbus McKinnon’s strategy.
  • Stephens also serves on the Board of Directors of PGT Innovations and as a member of Fairfield University’s Dolan School of Business Advisory Board.
  • In connection with Stephens’ appointment, the Columbus McKinnon Board now consists of nine members including eight independent members.

Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share

Retrieved on: 
Monday, March 18, 2024
Technology, Automotive, General Automotive, Construction & Property, Trucking, Rail, Alternative Energy, Engineering, Energy, Transport, Automotive Manufacturing, Other Defense, Logistics, Supply Chain Management, Manufacturing, Building Systems, Defense, Electronic Design Automation, CMCO, Motion, Holding company

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.
  • The dividend will be payable on or about May 13, 2024, to shareholders of record at the close of business on May 3, 2024.
  • Columbus McKinnon has approximately 28.8 million shares of common stock outstanding.

Columbus McKinnon Reports 33% Operating Income Growth on 10% Net Sales Growth for Third Quarter Fiscal Year 2024

Retrieved on: 
Wednesday, January 31, 2024
Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Machinery, Rail, Other Construction & Property, Transport, Manufacturing, CMBS, Completeness, CMCO, GAAP, Motion, Adjustment, Acquisition, Security (finance)

Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2024 third quarter, which ended December 31, 2023.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2024 third quarter, which ended December 31, 2023.
  • Results include the addition of montratec®, which was acquired on May 31, 2023 ("the acquisition").
  • Our team continued to execute commercial and operational initiatives, improving productivity, reducing lead times, and enhancing our customer experience.
  • See accompanying discussion and reconciliation tables provided in this release for reconciliations of these non-GAAP financial measures to the closest corresponding GAAP financial measures.

Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share

Retrieved on: 
Monday, January 22, 2024
Automotive Manufacturing, Aerospace, Manufacturing, Logistics, Supply Chain Management, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Other Transport, Trucking, Building Systems, Rail, General Entertainment, Other Automotive, Transport, General Automotive, Electronic Design Automation, Automotive, Technology, Mining, Minerals, Forest Products, Entertainment, Nuclear, Natural Resources, Utilities, Other Manufacturing, Oil, Gas, Other Defense, Textiles, Coal, Steel, Defense, Alternative Energy, Packaging, Energy, Engineering, Chemicals, Plastics, CMCO, Motion, Holding company

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.
  • The dividend will be payable on or about February 20, 2024, to shareholders of record at the close of business on February 9, 2024.
  • Columbus McKinnon has approximately 28.8 million shares of common stock outstanding.

Columbus McKinnon to Host Third Quarter Fiscal 2024 Earnings Conference Call on January 31, 2024

Retrieved on: 
Wednesday, January 17, 2024
Machinery, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Trucking, Packaging, Rail, Engineering, Transport, Manufacturing, Logistics, Supply Chain Management, ID, CMCO, Motion

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its third quarter fiscal 2024 results before the markets open on Wednesday, January 31, 2024.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its third quarter fiscal 2024 results before the markets open on Wednesday, January 31, 2024.
  • Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook.
  • The conference call will be available via live webcast on Columbus McKinnon’s Investor Relations webpage, investors.cmco.com or via phone at 201-493-6780.
  • A replay of the call will be available approximately two hours after the conference call, until Wednesday, February 7, 2024, on the company’s Investor Relations page and via audio replay.

Columbus McKinnon to Webcast Presentation at Sidoti Small Cap Conference

Retrieved on: 
Thursday, November 30, 2023
Construction & Property, Other Manufacturing, Machinery, Building Systems, Machine Tools, Metalworking & Metallurgy, Engineering, Other Construction & Property, Manufacturing, Conference, Motion, CMCO, Cryptocurrency, Air cargo

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that Greg Rustowicz, Executive Vice President and Chief Financial Officer, will host a presentation at the Sidoti Small Cap Conference on Thursday, December 7, 2023.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that Greg Rustowicz, Executive Vice President and Chief Financial Officer, will host a presentation at the Sidoti Small Cap Conference on Thursday, December 7, 2023.
  • The Columbus McKinnon presentation is scheduled to begin at 11:30 a.m. Eastern Time.
  • A live webcast of the presentation, along with accompanying slides will be available at investors.cmco.com .
  • An archive of the presentation will be available at the same link following the conference.

Stamats Names New Chief Marketing & Communications Officer

Retrieved on: 
Wednesday, November 15, 2023
Marketing, Workforce, Research, PR, Education, Emmy Awards, CMCO

CEDAR RAPIDS, Iowa, Nov. 15, 2023 /PRNewswire/ -- Stamats Communications Inc., a leading full-service digital marketing agency specializing in higher education, health care & B2B marketing, has appointed Michele Szczypka as its new chief marketing and communications officer (CMCO).

Key Points: 
  • CEDAR RAPIDS, Iowa, Nov. 15, 2023 /PRNewswire/ -- Stamats Communications Inc., a leading full-service digital marketing agency specializing in higher education, health care & B2B marketing, has appointed Michele Szczypka as its new chief marketing and communications officer (CMCO).
  • Michele will oversee branding, marketing, and reputation management for the firm and its clients.
  • Drawing from over three decades of experience as a branding and communications executive, Michele will lead the firm's growing PR and communications solutions and expand its branding and marketing capabilities.
  • "As a seasoned marketing executive, she will add a new level of expertise to our marketing clients.

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Retrieved on: 
Wednesday, November 1, 2023
Machinery, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Trucking, Rail, Engineering, Building Systems, Transport, Manufacturing, CMCO, Growth, Acquisition, Motion, CMBS, Communication, Columbus, Security (finance)

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2024 second quarter, which ended September 30, 2023.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2024 second quarter, which ended September 30, 2023.
  • We achieved several new milestones this quarter including record revenue, gross margin and operating income.
  • Being customer led is a foundational component of the Columbus McKinnon Business System (“CMBS”) which drives continuous improvement, discipline, communication and accountability.
  • This, in combination with our organic growth initiatives, is driving the transformation of Columbus McKinnon to a less cyclical, higher growth and more profitable enterprise.”

Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share

Retrieved on: 
Monday, October 23, 2023
Commercial Building & Real Estate, Manufacturing, Construction & Property, Rail, Building Systems, Transport, Other Manufacturing, Engineering, Machinery, Other Construction & Property, Machine Tools, Metalworking & Metallurgy, CMCO, Motion, Holding company, Management

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.
  • The dividend will be payable on or about November 20, 2023, to shareholders of record at the close of business on November 10, 2023.
  • Columbus McKinnon has approximately 28.7 million shares of common stock outstanding.