UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 1934 For the quarterly period ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission File Number 001-34362 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------| ...

Financial Data and Key Metrics Changes - Net sales for Q2 were $223.6 million, up 41.7% year-over-year, with a sequential increase of nearly 5% [12][14] - Gross margin expanded to a record 36.3%, with adjusted gross margin at 36.7%, reflecting operational improvements and pricing strategies [15][19] - Adjusted operating income was $25.5 million, with an adjusted operating margin of 11.4%, up 250 basis points from the prior year [18] Business Line Data and Key Metrics Changes - Dorner contributed nearly $34 million in revenue for the quarter, with a gross profit contribution of $13.3 million [12][16] - Automation and linear motion products now represent 27% of the portfolio, with the addition of precision conveying solutions increasing this to nearly 40% [10] Market Data and Key Metrics Changes - U.S. sales volumes increased nearly 20%, with international sales volume up approximately 13% [14] - Orders for conveyor solutions reached $34.7 million, contributing to a record backlog of $256 million [9] Company Strategy and Development Direction - The company is focused on evolving into a high-value intelligent motion enterprise, emphasizing innovation and product development [8][29] - The strategy includes combining legacy automation solutions with new offerings to enhance customer value [8][10] Management's Comments on Operating Environment and Future Outlook - Management anticipates ongoing supply chain challenges but remains optimistic about strong demand across various markets, including aerospace and automotive [27][28] - The company expects revenue for Q3 to be approximately $215 million, accounting for seasonal factors and supply chain constraints [26] Other Important Information - The company generated $22 million in cash during Q2, with a working capital investment increase of approximately $31 million to meet rising demand [21][22] - The company has a strong liquidity position of approximately $188 million at the end of September [22] Q&A Session Summary Question: Pricing expectations on gross profit bridge - Management anticipated pricing would exceed cost inflation, maintaining and potentially growing margins [34] Question: Increase in productivity - Productivity improvements were driven by higher volumes and operational excellence programs, with expectations for continued improvement as volumes return to pre-COVID levels [35] Question: RSG&A run rate normalization - The RSG&A run rate is expected to be in the $52 million to $53 million range, with some one-time items included [38] Question: Orders trending through October - Orders were up 3% versus Q2 and up 9% sequentially, indicating strong organic demand [39] Question: Gross margin contribution from Dorner - Dorner's gross margins are historically 40% to 45%, with expectations to drive legacy gross margins closer to that level over time [43] Question: Supply chain impact on revenue guidance - Supply chain challenges are anticipated to persist, impacting revenue guidance for Q3 [56] Question: Labor front and capacity management - The company is actively recruiting to fill open positions and managing overtime to compensate for labor shortages [57] Question: Competitive positioning and pricing actions - The company has maintained pricing discipline and has not observed a lack of discipline among competitors [62] Question: Entertainment market demand - Demand in the entertainment market has stabilized at about 50% of pre-COVID levels, with a positive outlook for recovery [66]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission File Number 001-34362 | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission File Number 001-34362 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------|---- ...

Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2021 Earnings Conference Call May 26, 2021 10:00 AM ET Company Participants Deborah Pawlowski - Investor Relations David Wilson - President & Chief Executive Officer Greg Rustowicz - Chief Financial Officer Conference Call Participants Mike Shlisky - Colliers Securities Michael McGinn - Wells Fargo Chris Howe - Barrington Danny Eggerichs - Craig-Hallum Capital Matt Summerville - D.A. Davidson Jon Tanwanteng - CJS Securities Steve Ferazani - Sidoti Operator Gree ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-34362 _________________ COLUMBUS McKINNON CORPORATION (Exact name of Registrant as specified in its charter) New York 16-0547600 (State of Incorporation) (I.R.S. Employer Identifica ...

Financial Data and Key Metrics Changes - Sales for the third quarter were $166.5 million, down 16.5% year-over-year, but exceeded prior guidance of $150 million to $160 million [27] - Gross margin was 33.2%, compared to 34% in the previous year, reflecting challenges from COVID-19 and operational inefficiencies [31] - Adjusted operating income was $11.2 million, with an adjusted operating margin of 6.7%, a decline of 490 basis points from the prior year [40] - Free cash flow generated was approximately $21.9 million for the quarter, contributing to a year-to-date total of $66 million [44] - Total debt at the end of the quarter was approximately $250 million, with a net debt to adjusted EBITDA leverage ratio of less than 0.8 times [46] Business Line Data and Key Metrics Changes - New product revenue is forecasted to be up 24% year-over-year in fiscal 2021, contributing nearly 200 basis points to total sales [11] - The 80/20 Process contributed approximately $3.5 million of incremental year-over-year gross profit expansion through strategic pricing and operational efficiencies [32] Market Data and Key Metrics Changes - Sales volume in the U.S. declined by approximately 20%, partially offset by price improvements of 80 basis points [29] - Outside the U.S., sales volume was down approximately 18%, with price increases of 1.1% and favorable foreign currency translation of 3.3% [30] Company Strategy and Development Direction - The company is evolving its Blueprint for Growth strategy to Blueprint for Growth 2.0, focusing on market-led, customer-centric, and operational excellence [8][16] - The Core Growth Framework includes four paths: strengthening the core, growing the core, expanding the core, and reimagining the core [18] - The company is actively developing its acquisition pipeline and anticipates progress in fiscal 2022 [56] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the ongoing pandemic but is optimistic about recovery trends, expecting to return to pre-COVID sales levels by this time next year [55] - The company anticipates revenue in the fourth quarter to be in the range of $175 million to $180 million, with approximately 50% of this level already in backlog [54] - Management highlighted the importance of automation and intelligent motion solutions as key growth drivers moving forward [87] Other Important Information - The company generated approximately $22 million in free cash flow during the quarter, demonstrating strong cash generation capabilities [44] - The company is focused on sustainability efforts and plans to publish its first corporate social responsibility report in fiscal 2022 [57] Q&A Session Summary Question: Have freight market issues improved? - Management indicated that while challenges remain, they have successfully navigated supply chain issues and do not anticipate significant changes in the fourth quarter [59][60] Question: Is there potential to exceed the 19% EBITDA margin target? - Management confirmed that while the 19% target is a focus, they anticipate the potential to exceed this as they scale operations [62][63] Question: What is the current state of inventory levels in the channel? - Management noted that inventory levels remain low, indicating that current demand is not driven by restocking [67] Question: What challenges remain in the market? - The entertainment market is still significantly impacted due to restrictions on gatherings, while oil and gas markets are also down compared to last year [80] Question: What are the expectations for automation solutions? - Management expects increased demand for automation technologies as companies focus on safety and productivity improvements [87]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 1934 For the quarterly period ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number: 0-27618 | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - Sales for the quarter were approximately $158 million, at the upper end of the expected range, with a sequential growth of 13.5% [7][12] - Adjusted gross margin expanded to 34.4%, an increase of 60 basis points, while adjusted operating margin improved to 8.9%, up 530 basis points [7][8] - Free cash flow for the quarter was $36 million, with net debt leverage ratio reduced to below one times trailing 12-month adjusted EBITDA [8][30] Business Line Data and Key Metrics Changes - Short-cycle business, comprising about 50% of total revenue, saw a sequential increase of 22% [9] - Project business experienced a 5.5% sequential sales increase, although growth was dampened by project acceptance timing [10] - Adjusted EBITDA margin expanded to 13.4%, reflecting decisive actions taken to reduce costs [11] Market Data and Key Metrics Changes - Sales volume in the U.S. declined by 26.4%, while outside the U.S., sales volume was down 25.8% [14] - Foreign currency translation positively impacted sales by 1.1% [13] - Total backlog increased by 2% year-over-year and improved 12% sequentially, reaching approximately $147 million [37] Company Strategy and Development Direction - The company is focused on evolving its Blueprint for Growth strategy, emphasizing market-led, customer-centric, and operational excellence principles [44][46] - Investments are being made in R&D and digital experiences, with plans to increase RSG&A levels in the second half of the year [21][46] - The company aims to maintain a flexible capital structure to support growth initiatives and return cash to shareholders [73][74] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improved stability in markets but acknowledged risks associated with increasing infection rates [43] - The fiscal third quarter is typically the weakest, but the company expects sales to remain consistent with the second quarter levels [43][53] - Management highlighted a healthy backlog and potential for improved order rates, which could drive higher execution levels [76] Other Important Information - The company achieved a GAAP loss per diluted share of $0.17 due to a pension settlement expense [24] - Adjusted earnings per diluted share were $0.34, down from $0.74 in the previous year [25] - The company has a strong liquidity position of approximately $245 million [31] Q&A Session Summary Question: Can you provide more color on the cadence of orders and overall demand activity? - Management noted a 26% improvement in order rates during the quarter, with a sequential increase of 41% in the short-cycle business [48] Question: Is there any reason to think gross margins might go down in Q3? - Management indicated that typically, gross margins decline in Q3 due to fewer shipping days and lower fixed cost absorption [57] Question: Can you quantify the increase in RSG&A for the coming quarter? - The increase is expected to be about $2 million for incentive compensation, a couple of million for growth investments, and another couple of million related to returning to work [63] Question: Can you elaborate on the Amazon-related order? - The order involves actuators being sold to a partner providing solutions for Amazon's warehousing operations, with potential for further demand [65][67] Question: What are the capital allocation priorities moving forward? - The company plans to maintain a consistent capital allocation framework, focusing on organic growth and strategic initiatives while returning cash to shareholders [71][74]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number: 0-27618 | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------- ...