Welcome to our dedicated page for Columbus Mckinnon N Y news (Ticker: CMCO), a resource for investors and traders seeking the latest updates and insights on Columbus Mckinnon N Y stock.
Columbus McKinnon Corporation (NASDAQ: CMCO) regularly issues news and updates as a worldwide designer, manufacturer and marketer of intelligent motion solutions for material handling. This news page aggregates company announcements so readers can follow how Columbus McKinnon’s hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, actuators and digital power and motion control systems support commercial and industrial applications.
News items commonly include quarterly financial results, where the company reports net sales, orders, backlog, margins and non-GAAP measures such as Adjusted EBITDA and Adjusted EPS. These releases often discuss order trends in the United States and other regions, tariff impacts, backlog development and progress on the company’s Intelligent Motion strategy.
Investors can also find capital allocation updates, such as Board-approved quarterly dividends on common shares and commentary on debt reduction priorities. Columbus McKinnon uses press releases to communicate its approach to deleveraging, free cash flow expectations and the balance between dividends and other uses of capital.
Another key category of news is strategic and financing developments, including information about pending acquisitions, planned divestitures of certain product lines and amendments to credit agreements or securitization facilities. The company also announces participation in investor conferences and earnings conference calls, providing details on webcasts and presentation timing.
By reviewing the CMCO news feed, readers can track how Columbus McKinnon communicates its financial performance, strategic initiatives in intelligent motion and material handling, and governance and capital structure decisions over time.
Columbus McKinnon (NASDAQ: CMCO) reported Q3 FY25 financial results with net sales of $234.1 million, down 7.9% year-over-year, and operating margin of 7.6% (10.9% adjusted). The company experienced a 4% decrease in orders, with EMEA orders up 1% offset by a 5% decline in Americas.
Key financial metrics include GAAP EPS of $0.14 and Adjusted EPS of $0.56, impacted by unfavorable FX movements. The company repaid $15 million of debt in Q3 and anticipates FY25 debt repayment of $60 million.
The quarter saw slowing industry demand due to delayed customer decision-making related to U.S. policy uncertainty and weakening European economies. The company is executing cost reduction actions and capacity alignment with demand. For FY25 guidance, CMCO expects a mid-single digit decrease in net sales year-over-year and a low-teens decrease in Adjusted EPS.
Columbus McKinnon (Nasdaq: CMCO), a leading manufacturer of intelligent motion solutions for material handling, has announced its upcoming third quarter fiscal 2025 earnings release. The company will disclose its financial results after market close on February 10, 2025, followed by a conference call at 5:00 p.m. Eastern Time.
Management will discuss corporate strategy and outlook during the call, which will be accessible via webcast on the company's Investor Relations webpage. A replay will be available until February 24, 2025. Columbus McKinnon specializes in manufacturing hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems for commercial and industrial applications.
Columbus McKinnon (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, has announced its Board of Directors' approval of a regular quarterly dividend of $0.07 per common share. The dividend will be paid on February 18, 2025, to shareholders of record as of February 7, 2025.
The company, which has approximately 28.6 million shares of common shares outstanding, specializes in manufacturing hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. Their focus remains on commercial and industrial applications requiring safety and quality engineering.
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.
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