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Third Year of Donations to the Organization Continues Company's Commitment to Improving People's Lives and Bettering the Communities Where it OperatesCHARLOTTE, N.C., Dec. 12, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company), a leading designer and manufacturer of intelligent motion solutions, products and technologies for material handling, donated $15,000 to Habitat for Humanity of the Charlotte Region through its CMCO Cares program. This contribution ...

Columbus McKinnon Corporation (NASDAQ:CMCO) Q2 2025 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Kristine Moser - Vice President-Investor Relations & Treasurer David Wilson - President & Chief Executive Officer Greg Rustowicz - Chief Financial Officer Conference Call Participants Charlie Strauzer - CJS Securities Matt Summerville - D.A. Davidson Steve Ferazani - Sidoti Walt Liptak - Seaport Research James Kirby - JPMorgan Steve Ferazani - Sidoti Operator Good morning, and welco ...

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 September 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 | --- | --- | --- | --- | |-------------------------------------------------------------------------------- ...

Q2 Fiscal 2025 Financial Results Conference Call David J. Wilson President & Chief Executive Officer Gregory P. Rustowicz Executive Vice President Finance & Chief Financial Officer Kristine Moser Vice President, Investor Relations & Treasurer October 30, 2024 COLUMBUS McKINNON CORPORATION Safe Harbor Statement These slides, and the accompanying oral discussion (together, this "presentation"), contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Su ...

Columbus McKinnon (CMCO) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.45%. A quarter ago, it was expected that this maker of materials handling products and systems would post earnings of $0.62 per share when it actually produced earnings of $0.62, delivering no surprise. Over t ...

Financial Performance - Net sales decreased by 6% to $242.3 million, impacted by Hurricane Helene and project timing [2] - Gross profit fell to $74.7 million, a decrease of 25.2%, with a gross margin of 30.9% [5] - GAAP EPS reported at ($0.52), while adjusted EPS was $0.70, a decrease of 7.9% year-over-year [5] - Net sales for Q2 FY25 decreased by 6.2% to $242,274,000 compared to $258,400,000 in Q2 FY24 [12] - Income from operations dropped significantly by 67.6% to $10,805,000, resulting in an operating margin of 4.5% [12] - Net loss for the quarter was $15,043,000, compared to a net income of $15,813,000 in the same quarter last year [12] - The company experienced a net loss of $6.4 million for the six months ended September 30, 2024, compared to a net income of $25.1 million for the same period in the previous year [16] - Net income for Q2 FY25 was $(15,043), compared to $15,813 in Q2 FY24, indicating a significant loss [29] - Net income for the twelve months ended September 30, 2024, was $15,123,000, a decrease from $51,012,000 for the same period in 2023 [35] Orders and Backlog - Orders increased by 16% with a book-to-bill ratio of 1.08x; precision conveyance orders rose by 42% [2] - The company reported a 16% growth in orders for Q2 FY25, indicating strong demand despite revenue decline [13] - Columbus McKinnon reported a 16% order growth in Q2 FY25, with net sales of $242.3 million for the quarter [18] - The backlog as of September 30, 2024, was $317.6 million, slightly down from $317.7 million a year earlier [22] - Long-term backlog as a percentage of total backlog increased to 54.3% from 46.7% year-over-year [22] Debt and Financial Health - The company repaid $10 million of debt in Q2 FY25, anticipating total debt repayment of $60 million for FY25 [2] - Total liabilities reduced to $880,754,000, down from $943,882,000, indicating improved financial health [15] - Total debt decreased to $500,614,000 from $564,841,000 in the previous year [35] - Net debt was reported at $460,623,000, a reduction from $481,308,000 year-over-year [35] - The debt to total capitalization percentage decreased to 35.8% from 39.8% year-over-year [22] - Interest and debt expense increased to $35,708,000 from $33,807,000 year-over-year [35] Cash Flow and Capital Expenditures - Free cash flow for the quarter was $4.0 million, compared to $11.7 million in the same quarter last year [23] - Capital expenditures for FY25 are projected to be between $20 million and $25 million [7] - Capital expenditures for Q2 FY25 were $5.4 million, up from $5.0 million in Q2 FY24 [23] - The company reported a net cash used for operating activities of $1.37 million for the six months ended September 30, 2024 [16] Strategic Initiatives and Guidance - Fiscal 2025 guidance includes flat to low-single digit growth in net sales and mid-single digit growth in adjusted EPS year-over-year [7] - The company remains confident in long-term financial objectives and strategic initiatives for margin expansion [2] - The company executed $4.9 million in share repurchases in Q2 FY25 and an additional $5.0 million in early Q3 FY25 [2] - Transitioning manufacturing to Monterrey, MX, incurred $11.8 million in factory closure and start-up costs [2] - The company incurred $11,806,000 in new factory start-up costs in Monterrey, MX [35] Profitability Metrics - Gross profit margin fell to 30.9%, down from 38.7% year-over-year, reflecting a gross profit of $74,743,000, a decrease of 25.2% [12] - Adjusted Gross Profit for Q2 FY25 was $87,938 compared to $99,976 in Q2 FY24, reflecting a decline of about 12.1% [25] - Adjusted Operating Income for Q2 FY25 was $26,963, down from $34,127 in Q2 FY24, representing a decline of approximately 21.0% [27] - Adjusted EBITDA for Q2 FY25 was $39,151, down from $45,719 in Q2 FY24, reflecting a decline of approximately 14.0% [33] - Adjusted Gross Margin for Q2 FY25 was 36.3%, compared to 38.7% in Q2 FY24, indicating a decrease of 2.4 percentage points [25] - Adjusted Operating Margin for Q2 FY25 was 11.1%, down from 13.2% in Q2 FY24, reflecting a decline of 2.1 percentage points [27]

CHARLOTTE, NC, Oct. 30, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2025 second quarter, which ended September 30, 2024. Second Quarter 2025 Highlights (compared with prior-year period, except where otherwise noted) Orders increased 16% with a book-to-bill ratio of 1.08x; Precision conveyance u ...

CHARLOTTE, N.C., Oct. 16, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its second quarter fiscal 2025 results before the 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 for the period and discuss its corporate strategy and outlook. The conferen ...

Johnny Greig/DigitalVision via Getty Images The market behavior of industrial companies exposed to short-cycle end-markets has been, well, weird. Despite ample evidence of slowing end-market demand and increased caution around capex/expansion plans, investors have chosen to believe in an "it won't be so bad" thesis in many cases, and the industrial sector has held up well. In certain cases, though, the market has sold off stocks on fears of near-term revenue weakness and margin contraction, and that brings ...