NASDAQ:CMCO

Columbus McKinnon Reports Record Net Sales, Gross Margin and Operating Income in Fiscal 2024

Retrieved on: 
Wednesday, May 29, 2024
Other Manufacturing, Construction & Property, Automotive, General Automotive, Engineering, Manufacturing, Building Systems, Machinery, Other Construction & Property, Growth, Adjustment, Motion, Acquisition, CMCO

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its full year and fourth quarter fiscal 2024, which ended March 31, 2024.

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 full year and fourth quarter fiscal 2024, which ended March 31, 2024.
  • Results include the addition of montratec®, which was acquired on May 31, 2023 ("the acquisition").
  • These results provide another proof point on the path to achieving our long-term financial objectives.
  • “While we are taking a prudent view of our outlook for fiscal 2025, we remain cautiously optimistic given the solid momentum exiting fiscal 2024 and our encouraging pipeline of opportunities.

Columbus McKinnon to Host Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call on May 29, 2024

Retrieved on: 
Wednesday, May 15, 2024
Aerospace, Automotive, Technology, Manufacturing, Rail, Transport, Other Automotive, Other Manufacturing, Software, Engineering, Machinery, ID, Motion, CMCO

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its fourth quarter and full year fiscal 2024 results before the markets open on Wednesday, May 29, 2024.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its fourth quarter and full year fiscal 2024 results before the markets open on Wednesday, May 29, 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.
  • To listen to the audio replay, dial 412-317-6671 and enter the conference ID number 13746170.

Columbus McKinnon and Milwaukee Tool Announce Development of First-of-Its Kind Battery-Powered Chain Hoist Combining Industry-Leading Hoist and Battery Technology

Retrieved on: 
Wednesday, March 20, 2024
Mining, Minerals, Forest Products, Automotive, Natural Resources, Textiles, Steel, Utilities, Packaging, Oil, Gas, Batteries, Engineering, Coal, Chemicals, Plastics, Alternative Energy, Automotive Manufacturing, Energy, Aerospace, Manufacturing, Logistics, Supply Chain Management, Other Defense, Nuclear, Trucking, Rail, Defense, Transport, Other Construction & Property, General Automotive, Commercial Building & Real Estate, Construction & Property, Electronic Design Automation, Technology, Building Systems, Machine Tools, Metalworking & Metallurgy, Lifting, Peter Hancock (professor), Intelligence, Summer, Sale, Marketing, Safety, Battery, Orientation, Fatigue, Warehouse

Combining Columbus McKinnon’s industry-leading hoist design with Milwaukee Tool’s expertise in lithium-ion battery and brushless motor technology, the innovative BatteryStar™ hoist provides the lifting strength and speed of an electric chain hoist and the portability of a manual hoist without the need for time-consuming manual operation or access to a power source.

Key Points: 
  • Combining Columbus McKinnon’s industry-leading hoist design with Milwaukee Tool’s expertise in lithium-ion battery and brushless motor technology, the innovative BatteryStar™ hoist provides the lifting strength and speed of an electric chain hoist and the portability of a manual hoist without the need for time-consuming manual operation or access to a power source.
  • Designed to reduce downtime, the BatteryStar allows an operator to replace the battery quickly and easily for minimal operation interruption.
  • with the standard 20 feet of chain, this hoist can be transported and installed anywhere it is needed.
  • The hoist will be available for sale from Columbus McKinnon beginning in the Summer of 2024.

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 Announces Kristine Moser as Vice President, Investor Relations and Treasurer

Retrieved on: 
Tuesday, January 2, 2024
Construction & Property, Other Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Engineering, Automotive Manufacturing, Other Construction & Property, Manufacturing, Multimedia, Capital One, Strategic planning, Motion, Health, University, Hanesbrands, Treasury, DRVN, Communication, Management

Columbus McKinnon Corporation (Nasdaq: CMCO)(“Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today named Kristine Moser as Vice President, Investor Relations and Treasurer.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO)(“Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today named Kristine Moser as Vice President, Investor Relations and Treasurer.
  • View the full release here: https://www.businesswire.com/news/home/20240102252095/en/
    “We are excited to welcome Kristy to the Columbus McKinnon team.
  • “Kristy brings a wealth of experience across several industries in investor relations, strategic financial planning, and treasury.
  • Prior to that, she held several senior investor relations roles at Petco Health and Wellness Company, Inc., American Tire Distributors and Capital One Financial Corporation.