Welcome to our dedicated page for Columbus McKinnon Corp/NY news (Ticker: CMCO), a resource for investors and traders seeking the latest updates and insights on Columbus McKinnon Corp/NY stock.
Columbus McKinnon Corporation (NYSE: CMCO) is a global leader in material handling solutions, providing a diverse array of products and services designed to move, lift, position, and secure materials efficiently and ergonomically. With a rich 135-year history, the company is renowned for its innovative and high-quality products, which are used across hundreds of industries including fabrication, food processing, mining, forestry, entertainment, trucking, utility, and defense.
Columbus McKinnon's core offerings include hoists, lifting chains, overhead crane systems, and below-the-hook attachments. These products are essential for various operations, helping firms maintain safety and efficiency in their material handling processes. In addition to these traditional products, the company has expanded its portfolio to include intelligent motion solutions such as motion control products, automated systems, and digital power and motion control systems.
The company's targeted market verticals encompass general industries, process industries, industrial automation, and e-commerce/supply chain/warehousing. These sectors benefit from a range of advanced products like crane components, precision conveyors, actuators, rigging tools, and light rail workstations. Columbus McKinnon generates a significant portion of its revenue from the United States, with substantial contributions from Germany, Canada, Asia Pacific, Latin America, Europe, the Middle East, and Africa.
Columbus McKinnon continues to innovate and adapt to market demands, positioning itself as a key player in the material handling industry. The company's commitment to quality and continuous improvement has earned it a stellar reputation globally, making its products the most recognized and trusted in the market.
Latest News: Source: Columbus McKinnon Corporation
---
---
---
---
---
---
Columbus McKinnon (Nasdaq: CMCO), a designer and manufacturer of intelligent motion solutions, has donated $15,000 to Habitat for Humanity of the Charlotte Region through its CMCO Cares program. The donation will support the organization's efforts to help individuals and families rebuild following Hurricane Helene's impact. This marks the third year of donations to the organization.
The contribution, made through the company's CMCO Cares program, aims to support local communities and provide affordable housing solutions. The program was established to develop and formalize the Company's approach to community engagement and corporate giving, ensuring consistent impact in communities where its employees work and live.
Columbus McKinnon's BatteryStar™ Battery-Powered Chain Hoist has been awarded the 2024 'Product of the Year' in the Overhead Handling category by Material Handling Product News. The innovative product combines the lifting strength of an electric chain hoist with the portability of a manual hoist, powered by lithium-ion battery technology.
The BatteryStar features a quick-swap battery system and brushless motor technology, eliminating the need for manual operation or power source access. The product has exceeded early demand expectations since its Q2 launch and is being sold under the CM® brand in North and Latin America and the Yale® brand in Europe, Middle East, Africa, and Asia Pacific.
Columbus McKinnon (Nasdaq: CMCO) has announced its participation in the Baird 2024 Global Industrials Conference on November 14, 2024, at 1:35 p.m. Eastern Time. The presentation will be accessible via live audio webcast on the company's Investor Relations webpage, with replay available until November 28, 2024.
The company is a global leader in intelligent motion solutions, specializing in designing and manufacturing equipment for moving, lifting, positioning, and securing materials. Their product portfolio includes hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems, serving commercial and industrial applications.
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.
FAQ
What is the current stock price of Columbus McKinnon Corp/NY (CMCO)?
What is the market cap of Columbus McKinnon Corp/NY (CMCO)?
What does Columbus McKinnon Corporation do?
What are the primary products of Columbus McKinnon?
Which industries use Columbus McKinnon products?
Where does Columbus McKinnon generate most of its revenue?
What are some key market verticals for Columbus McKinnon?
How long has Columbus McKinnon been in business?
What makes Columbus McKinnon products recognized globally?
Does Columbus McKinnon offer automated material handling solutions?
What are some examples of Columbus McKinnon’s intelligent motion solutions?
How does Columbus McKinnon support its customers' operations?
