Columbus McKinnon Corp/NY - CMCO STOCK NEWS

Columbus McKinnon reported mixed Q2 FY25 results with 16% order growth but a 6.2% decrease in net sales to $242.3 million. The quarter saw strong precision conveyance orders up 42% and a book-to-bill ratio of 1.08x. Financial results were impacted by Hurricane Helene and manufacturing transition costs to Monterrey, MX. The company reported GAAP EPS of ($0.52) and Adjusted EPS of $0.70. Notable activities include $10 million debt repayment and $4.9 million in share repurchases. For Q3 FY25, the company expects flat year-over-year net sales and Adjusted EPS.

Columbus McKinnon (Nasdaq: CMCO), a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling, has announced that its Board of Directors has approved a regular quarterly dividend of $0.07 per common share. The dividend will be payable on or about November 18, 2024, to shareholders of record at the close of business on November 8, 2024.

Columbus McKinnon has approximately 28.7 million shares of common shares outstanding. The company specializes in key products including hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems, focusing on commercial and industrial applications that require safety and quality.

Columbus McKinnon (Nasdaq: CMCO), a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling, has announced its upcoming second quarter fiscal 2025 earnings conference call. The company will release its financial results before markets open on Wednesday, October 30, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results and discuss the company's corporate strategy and outlook.

The conference call will be accessible via live webcast on Columbus McKinnon's Investor Relations webpage or by phone at 1-800-836-8184. A replay of the call will be available until Wednesday, November 6, 2024, on the company's Investor Relations page and via audio replay by dialing 1-888-660-6345 and entering the conference ID number 93312#.

Columbus McKinnon (Nasdaq: CMCO) reported financial results for Q1 FY25, ending June 30, 2024. Highlights include:

- Net sales increased 2% to $239.7 million
- Gross margin expanded 30 bps to 37.1%
- Adjusted EBITDA grew 2% to $37.5 million
- Net income of $8.6 million or 3.6% of sales
- Backlog increased 4% from prior quarter
- Debt repayment of $20 million in Q1

The company reaffirmed FY25 guidance, projecting low-single digit sales growth and mid to high-single digit Adjusted EPS growth. Q2 FY25 guidance anticipates a slight decline in sales and Adjusted EPS due to manufacturing consolidation efforts.

Columbus McKinnon (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, has declared a quarterly dividend of $0.07 per share. The dividend will be payable on or about August 19, 2024, to shareholders of record at the close of business on August 9, 2024. The company has approximately 28.8 million shares of common stock outstanding.

Columbus McKinnon specializes in products such as hoists, crane components, precision conveyor systems, and digital power and motion control systems. The company focuses on commercial and industrial applications that require safety and quality in design and engineering.

Columbus McKinnon (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, has announced its upcoming first quarter fiscal 2025 earnings conference call. The company will release its financial results on Wednesday, July 31, 2024, before the markets open. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to discuss the results and the company's strategy and outlook.

Investors and interested parties can access the conference call via live webcast on Columbus McKinnon's Investor Relations webpage or by phone at 201-493-6780. A replay of the call will be available until Wednesday, August 7, 2024, on the company's Investor Relations page and via audio replay by dialing 412-317-6671 and entering the conference ID number 13747096.

Columbus McKinnon (Nasdaq: CMCO), a leader in intelligent motion solutions for material handling, has published its fourth annual Corporate Sustainability Report. The report highlights the company's fiscal 2024 progress on key sustainability initiatives, including energy efficiency, operational efficiency, and waste reduction. The report also outlines goals in their Sustainability Index, governance, risk management, and diversity efforts, such as inclusivity training for managers and a DE&I newsletter. The CMCO Cares program, now in its second year, has successfully driven community engagement and partnerships. The company emphasizes the importance of sustainability in driving business resilience and growth.

Columbus McKinnon (Nasdaq: CMCO) announced its participation in the Wells Fargo 2024 Industrials Conference. The event will take place on June 11, 2024, at 3:15 p.m. Eastern Time. A live audio webcast will be accessible via the Columbus McKinnon Investor Relations webpage. A replay will be available until at least June 25, 2024.

Columbus McKinnon specializes in intelligent motion solutions, including hoists, crane components, precision conveyor systems, and digital power and motion control systems. They focus on commercial and industrial applications that prioritize safety and quality.

Columbus McKinnon (Nasdaq: CMCO) reported record net sales of $1 billion for fiscal 2024, a growth of 8% driven by geographical expansion and the acquisition of montratec. The gross margin increased by 50 basis points, reaching 37.0%, and the net income stood at $46.6 million with a net margin of 4.6%. Adjusted EBITDA rose by 13% to $166.7 million. In Q4 FY24, net sales were $265.5 million, up 4.6%, while net income was $11.8 million. The company has projected a low-single digit growth in net sales and flat to slightly down adjusted EPS for Q1 FY25. For FY25, the company anticipates low-single digit growth in net sales and mid to high-single digit growth in adjusted EPS.