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Columbus McKinnon Corp/NY - CMCO STOCK NEWS

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

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Rhea-AI Summary
Columbus McKinnon Corporation (Nasdaq: CMCO) announced its financial results for Q2 FY2024, reporting record sales of $258.4 million, a 12% increase from the prior year. The company achieved a record gross margin of 38.7% and operating income of $33.4 million, up 22% from the previous year. Columbus McKinnon expects to surpass $1 billion in revenue in fiscal year 2024.
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Columbus McKinnon Corporation (CMCO) approves payment of $0.07 per share quarterly dividend.
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Columbus McKinnon Corporation to release second quarter fiscal 2024 results
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Jeanne Beliveau-Dunn of Columbus McKinnon Corporation has been selected to the NACD Directorship 100 list, recognizing influential leaders in corporate governance.
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Columbus McKinnon Corporation (Nasdaq: CMCO) Announces Strong First Quarter Fiscal 2024 Results and Acquisition of montratec. The company reported strong orders of $257.0 million, a record backlog of $355.3 million, and sales of $235.5 million, with a 7% increase compared to the prior-year period. Gross margin expanded 90 basis points to 36.8%, and $10 million in debt was paid down. The company expects to surpass $1 billion in revenue in fiscal 2024 and is on track to achieve fiscal 2027 targets.
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Columbus McKinnon Corporation (CMCO) Announces Approval of $0.07 Quarterly Dividend
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Columbus McKinnon Corporation (Nasdaq: CMCO) will release its first quarter fiscal 2024 results on August 2, 2023. The company will host a conference call and webcast to discuss its financial and operating results, corporate strategy, and outlook. The call will be followed by a question-and-answer session. An audio replay of the call will be available until August 9, 2023.
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FAQ

What is the current stock price of Columbus McKinnon Corp/NY (CMCO)?

The current stock price of Columbus McKinnon Corp/NY (CMCO) is $38.53 as of November 22, 2024.

What is the market cap of Columbus McKinnon Corp/NY (CMCO)?

The market cap of Columbus McKinnon Corp/NY (CMCO) is approximately 1.1B.

What does Columbus McKinnon Corporation do?

Columbus McKinnon Corp designs, manufactures, and markets material handling products and intelligent motion solutions used across various industries.

What are the primary products of Columbus McKinnon?

The primary products include hoists, lifting chains, overhead crane systems, below-the-hook attachments, motion control systems, and automated solutions.

Which industries use Columbus McKinnon products?

Their products are used in industries like fabrication, food processing, mining, forestry, entertainment, trucking, utility, and defense.

Where does Columbus McKinnon generate most of its revenue?

The majority of the company's revenue comes from the United States, with additional contributions from Germany, Canada, Asia Pacific, Latin America, Europe, the Middle East, and Africa.

What are some key market verticals for Columbus McKinnon?

Key market verticals include general industries, process industries, industrial automation, and e-commerce/supply chain/warehousing.

How long has Columbus McKinnon been in business?

Columbus McKinnon has a rich history spanning 135 years.

What makes Columbus McKinnon products recognized globally?

Their commitment to quality, innovation, and continuous improvement has made their products the most recognized and trusted in the market.

Does Columbus McKinnon offer automated material handling solutions?

Yes, the company offers automated systems and digital power and motion control systems as part of its intelligent motion solutions.

What are some examples of Columbus McKinnon’s intelligent motion solutions?

Examples include motion control products, precision conveyors, actuators, and digital power and motion control systems.

How does Columbus McKinnon support its customers' operations?

By providing reliable, efficient, and ergonomic material handling products and solutions that enhance safety and productivity.

Columbus McKinnon Corp/NY

Nasdaq:CMCO

CMCO Rankings

CMCO Stock Data

1.11B
27.98M
2.4%
98.7%
1.39%
Farm & Heavy Construction Machinery
Construction Machinery & Equip
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United States of America
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