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 OF 1934 For the quarterly period ended June 30, 2024 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 001-34362 | --- | --- | --- | --- | |------------------------------------------------------------------------------------- ...

Columbus McKinnon Corporation (NASDAQ:CMCO) Q1 2025 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Kristy Moser - VP, IR David Wilson - President and CEO Greg Rustowicz - CFO Conference Call Participants James Kirby - JPMorgan Chase Matt Summerville - D.A. Davidson Kyle May - Sidoti & Company Jon Tanwanteng - CJS Securities Operator Good morning and welcome to Columbus McKinnon First Quarter Fiscal 2025 Earnings Conference Call. My name is Renju and I will be your conference operato ...

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.81 on $265.1 million in revenues for the coming quarter and $3.18 on $1.05 billion in revenues for the current fiscal year. What's Next for Columbus McKinnon? A quarter ago, it was expected that this maker of materials handling products and systems would post earnings of $0.84 per share when it actually produced earnings of $0.75, delivering a surpris ...

3 Three Months Ended June 30, 2024 March 31, 2024 June 30, 2023 10 Columbus McKinnon Reports Continued Sales Growth and Gross Margin Expansion in Q1 FY25; Reaffirms FY25 Guidance July 31, 2024 Net Debt is defined in the credit agreement as total debt plus standby letters of credit, net of cash and cash equivalents. Net Leverage Ratio is defined as Net Debt divided by the Credit Agreement Trailing Twelve Month Adjusted EBITDA. Credit Agreement Trailing Twelve Month Adjusted EBITDA is defined as net income ad ...

Columbus McKinnon (CMCO) has been on a downward spiral lately with significant selling pressure. After declining 8.1% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a ...

Acquisition and Market Expansion - The company acquired montratec GmbH, enhancing its precision conveyance technology and adding approximately $5 billion to its Total Addressable Market (TAM), with the specialty conveying microsegment expected to grow at an estimated 6% to 8% annually[52][55]. - The company intends to continue seeking additional acquisition opportunities to expand into new markets and enhance its position in existing markets globally[85]. Financial Performance and Debt - As of March 31, 2024, the company's total debt was $517.3 million, an increase from $458.1 million in 2023, with long-term debt (less current portion) at $467.3 million[283]. - The company completed a public offering of 4,312,500 shares at $48.00 per share, raising total gross proceeds of $207 million[285]. - The company amended its Amended and Restated Revolving Credit Facility, increasing it by $75 million to a total of $175 million during fiscal 2024[292]. - The company borrowed $45 million under a new AR Securitization Facility, secured by U.S. accounts receivable totaling $74.59 million as of March 31, 2024[295]. - The outstanding principal balance of Term Loan B was $477,560,000 as of March 31, 2024, an increase from $462,560,000 as of March 31, 2023, with principal payments of $60,000,000 made during fiscal 2024[300]. - The Company plans to pay down approximately $50,000,000 in principal payments over the next 12 months, with $4,976,000 obligated for principal payments in that period[300]. Operational Performance - As of March 31, 2024, the company's backlog of orders was approximately $280.8 million, down from approximately $308.7 million at the same date in 2023, indicating progress in reducing past-due backlog[68]. - The company's principal raw material and component purchases totaled approximately $396 million in fiscal 2024, representing 62% of the cost of products sold[75]. - The company is currently experiencing higher raw material, freight, and logistics costs, which it has been able to recover through pricing actions[256]. - The company has incurred higher costs to secure inventory and has multi-sourced components to mitigate supply chain constraints, which are expected to adversely impact costs of goods sold[89]. Workforce and Corporate Values - The company has a global workforce of 3,515 employees, with approximately 6% represented under collective bargaining agreements[71]. - The company emphasizes diversity, equity, and inclusion as part of its corporate values, launching training modules to educate employees on these topics[73]. Safety and Environmental Initiatives - The company reported a safety incident rate of 0.71 for fiscal 2024, slightly up from 0.69 in fiscal 2023, highlighting its commitment to workplace safety[73]. - The company is focused on integrating Environmental Social and Governance (ESG) efforts into its enterprise strategy and daily operations[102]. Currency and Financial Instruments - A 10% change in the value of the U.S. dollar in relation to significant foreign currency exposures would have impacted income from operations by approximately $6,450,000[251]. - The company has foreign currency forward agreements with a notional amount of $7,590,000, maturing by March 31, 2025, to hedge forecasted inventory purchases[252]. - The company has a cross currency swap agreement with a notional amount of $93,910,000, maturing on March 31, 2028, to hedge changes in the value of an intercompany loan[258]. - The company expects to reclassify approximately $5,644,000 out of AOCL into interest expense during the next 12 months due to interest rate swaps[265]. Pension and Employee Benefits - The benefit obligation for the pension plan decreased to $268,025,000 as of March 31, 2024, down from $300,210,000 in the previous year[319]. - The net periodic pension cost for fiscal 2024 was $7,945,000, compared to $1,964,000 in fiscal 2023[322]. - Employer contributions for defined contribution plans were approximately $6,288,000 in 2024, up from $5,808,000 in 2023 and $4,540,000 in 2022[332]. - The cash surrender value of life insurance policies is $2,392,000 as of March 31, 2024, down from $3,690,000 in 2023[331]. Miscellaneous Financial Information - The company's goodwill was reported at $710.3 million, with $395.9 million attributed to the Precision Conveyance reporting unit as of March 31, 2024[279]. - The liability for asbestos-related product liability claims and related legal costs stood at $14.2 million as of March 31, 2024[273]. - The gross balance of deferred financing costs on Term Loan B increased to $7,845,000 as of March 31, 2024, up from $6,323,000 in the previous year[303]. - The outstanding balance on a finance lease obligation related to the Dorner acquisition was $12,937,000 as of March 31, 2024[304].

Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2024 Results Conference Call May 29, 2024 10:00 AM ET Company Participants Kristy Moser - Vice President, Investor Relations and Treasurer David Wilson - President and Chief Executive Officer Greg Rustowicz - Chief Financial Officer Conference Call Participants Matt Summerville - D. A. Davidson Stephen Ferazani - Sidoti & Company Jon Tanwanteng - CJS Securities Walter Liptak - Seaport Research Operator Good morning. Welcome to Columbus McKinnon’s Full Year and ...

Over the last four quarters, the company has surpassed consensus EPS estimates two times. Columbus McKinnon, which belongs to the Zacks Manufacturing - Material Handling industry, posted revenues of $265.5 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 1.67%. This compares to year-ago revenues of $253.84 million. The company has topped consensus revenue estimates two times over the last four quarters. Columbus McKinnon (CMCO) came out with quarterly earnings of $0.75 per s ...

Columbus McKinnon Reports Record Sales, Gross Margin and Operating Profit in Fiscal 2024 May 29, 2024 1 • Net income of $11.8 million with a net margin of 4.4%; Adjusted EBITDA of $43.0 million, up 8% with Adjusted EBITDA Margin of 16.2%, up 50 basis points 1 Fourth Quarter Fiscal 2024 Operating Results Additional Data: This data is provided to help investors understand financial and operational metrics that management uses to measure the Company's financial performance and identify trends affecting the bus ...

One of the riskier but incredibly compelling opportunities, robotics stocks could be poised to mint new millionaires. It all comes down to the projected numbers.According to Precedence Research, the global robotics technology market reached an estimated valuation of $72.17 billion in 2022. Further, experts believe that the segment could expand to $283.19 billion by 2032, implying a compound annual growth rate (CAGR) of 14.7%. That’s impressive. And that could also be understated.Basically, robotics encompas ...