Financial Liabilities and Reserves - The company recorded a receivable for estimated future cost sharing related to asbestos reserves amounting to $8,289,000 as of December 31, 2022[248]. - The company's product-related aggregate liability is estimated at approximately $4,975,000, reflected as a liability in the balance sheet as of December 31, 2022[249]. - The company has accrued a total of $721,000 for currently known environmental matters as of December 31, 2022[258]. - The company is involved in ongoing legal actions related to product design and performance liability, with potential additional costs not expected to materially affect financial condition[254]. Taxation - Income tax expense as a percentage of income from continuing operations was 28% for the three months ended December 31, 2022, compared to 10% for the same period in 2021[259]. Market Position and Strategy - The company maintains a strong North American market share with significant positions in hoists, lifting and sling chain, and digital power and motion control systems[271]. - The company aims to enhance shareholder value by expanding EBITDA margins and return on invested capital through its strategic framework[247]. - The company is focusing on new product investments to capitalize on growth opportunities in various market sectors, including energy and automotive[271]. Operational Expenses - Operating lease expenses for the three months ended December 31, 2022, were $2,323,000, compared to $2,332,000 for the same period in 2021[266]. Share Repurchase - Total number of shares purchased during the period was 1.5 million shares[276]. - Average price paid per share was $150.25[276]. Technology and Internal Controls - Three foreign locations implemented the SAP enterprise resource planning system to enhance internal controls during the nine months ended December 31, 2022[274].

Columbus McKinnon Corporation (NASDAQ:CMCO) Q2 2023 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Deborah Pawlowski - Investor Relations David Wilson - President and CEO Greg Rustowicz - Chief Financial Officer Conference Call Participants Will Jellison - D.A. Davidson Steve Ferazani - Sidoti Jon Tanwanteng - CJS Securities Patrick Baumann - JPMorgan Joseph DiMieri - Onex Credit Operator Greetings. And welcome to the Columbus McKinnon Corporation Second Quarter Fiscal Year 2023 ...

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, 2022 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 - Sales grew 6.5% to $220 million on a constant currency basis, achieving a record gross margin of 37.5% [7][17][23] - Adjusted EBITDA margin for the quarter was 15.9%, with trailing 12-month EBITDA margin at 15.4% [33] - Net sales in the first quarter were $220.3 million, up 6.5% from the prior year period on a constant currency basis [17] - GAAP earnings per diluted share for the quarter were $0.29, with adjusted earnings per diluted share of $0.69, equivalent to the prior year period [30][31] Business Line Data and Key Metrics Changes - Pricing was a major driver of growth, up $9.6 million or 4.5%, while volumes declined 2% [19] - The Garvey acquisition contributed $8.5 million to sales growth [19] - Precision conveyance businesses were 100 basis points accretive to adjusted gross margin this quarter [24] Market Data and Key Metrics Changes - Demand remains strong in the Americas and across EMEA, with orders reaching $267 million, an increase over Q4's record level [10] - Book-to-bill ratio was greater than 1.2, with a backlog of $352 million, another record [11][39] - Sales volume decreased approximately 5% outside the U.S., primarily due to ERP implementation and pandemic impacts in APAC [21] Company Strategy and Development Direction - The company is executing a strategic plan to unlock potential through a structured business system and core growth framework [13] - Focus on reducing overhead through factory simplification and enhancing productivity [15] - The acquisition strategy is expected to be accretive to margins, with a disciplined approach to capital deployment [66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategy and ability to achieve long-term financial targets despite macroeconomic challenges [12][44] - Anticipated sales for the second quarter are in the range of $230 million to $240 million, reflecting a mid-single-digit year-over-year organic growth rate [41] - Management is monitoring leading indicators for potential recession impacts but currently sees robust demand [65] Other Important Information - Negative free cash flow of approximately $14 million in the first quarter, anticipated due to annual bonus payments and inventory investments [35] - The company expects capital expenditures of $25 million to $30 million in fiscal 2023 [35] - The net leverage ratio was 2.9x, with a strong capital structure and liquidity of approximately $168 million [37] Q&A Session Summary Question: Contribution from Dorner and Garvey orders - Management did not disclose individual line of business activity but noted overall orders were up 11% year-over-year on a constant currency basis [47] Question: Freight and logistics pricing challenges - Freight costs decreased by $3.2 million from Q4 to Q1, with management becoming more disciplined in pricing [51][52] Question: Record gross margin sustainability - Management expects similar gross margins in Q2 but slightly lower due to one-time favorable benefits experienced in Q1 [59][101] Question: Delayed shipments impact - Management anticipates narrowing the $25 million in delayed shipments as supply chains improve [60] Question: Customer outlook and recession concerns - Management sees strong indications of continued robust orders and has updated its recession playbook [64][65] Question: Appetite for acquisitions - Management is focused on disciplined capital deployment and sees a strong pipeline of acquisition opportunities [66][68] Question: Gross margin expectations - Management indicated that gross margins are ahead of expectations but noted uncertainty due to external factors [70][71] Question: Cash flow and working capital management - Management expects working capital as a percent of sales to decrease as supply chains improve, targeting mid-teens percentages [75] Question: R&D focus and product development - Management is investing in product development to drive next-generation platform products and market outreach [78][81]

Financial Performance - Net sales for the quarter ended June 30, 2022, were $220.29 million, an increase of 3.2% from $213.46 million in the same quarter of 2021, driven by $9.61 million from price increases and $8.53 million from acquired revenue from the Garvey acquisition [168]. - Gross profit for the quarter was $82.52 million, an increase of 11.4% from $74.06 million in the prior year, with a gross profit margin of 37.5% compared to 34.7% in the previous year [169]. - Selling expenses increased to $26.16 million, or 11.9% of net sales, due to the Garvey acquisition and higher business realignment costs [170]. - General and administrative expenses decreased to $21.88 million, or 9.9% of net sales, due to lower acquisition and integration costs [171]. - Research and development expenses increased to $5.13 million, representing 2.3% of net sales, up from $3.58 million or 1.7% of net sales in the prior year, reflecting additional spending for new product development [172]. Cash Flow and Debt - Cash, cash equivalents, and restricted cash totaled $85.91 million as of June 30, 2022, a decrease of $29.73 million from the previous quarter [180]. - Net cash used by operating activities was $11.18 million for the quarter, compared to $7.40 million in the same quarter of 2021, primarily due to increased inventories and decreased trade payables [181]. - The outstanding principal balance of the Term Loan B facility was $492,560,000 as of June 30, 2022, with plans to pay down approximately $40,000,000 in principal payments over the next 12 months [189]. - The Company made $10,000,000 in principal payments on the Term Loan B facility during the three months ended June 30, 2022 [189]. - The gross balance of deferred financing costs on the Term Loan B facility was $6,323,000 as of June 30, 2022 [191]. - The Company recorded a finance lease obligation of $13,957,000 for a manufacturing facility in Hartland, WI, as of June 30, 2022 [193]. - Unsecured credit lines totaled approximately $2,306,000 as of June 30, 2022, with $0 drawn [194]. - The Company expects to have sufficient cash and borrowing capacity to fund ongoing operations, debt obligations, and capital expenditures for the next twelve months [204]. Acquisitions and Investments - The company completed the acquisition of Dorner on April 7, 2021, and Garvey on December 1, 2021, enhancing its capabilities in intelligent motion solutions and automation [161][162]. - Consolidated capital expenditures for the three months ended June 30, 2022, were $2,953,000, compared to $3,648,000 for the same period in 2021, with expected capital expenditures for fiscal 2023 ranging from $25,000,000 to $30,000,000 [195]. Taxation - The effective tax rate for the quarter was 51%, significantly higher than 26% in the prior year, impacted by tax assessments related to prior acquisitions [177][178]. - The company expects an effective tax rate of approximately 29% to 30% for fiscal 2023 [179]. Market Conditions - The Company is currently experiencing higher raw material, freight, and logistics costs, which have been managed through pricing actions [197]. - There have been no material changes in market risks as previously disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2022 [208].

Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2022 Earnings Conference Call May 25, 2022 10:00 AM ET Company Participants Shawn Southard - IR, Kei Advisors David Wilson - President & CEO Greg Rustowicz - CFO Conference Call Participants Matt Summerville - D.A. Davidson Chris Howe - Barrington Research Greg Palm - Craig-Hallum Capital Group Jon Tanwanteng - CJS Securities Steve Ferazani - Sidoti & Company Pat Baumann - JPMorgan Michael McGinn - Wells Fargo Walt Liptak - Seaport Research Operator Greetings, ...

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, 2022 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 ...

Columbus McKinnon Corporation (NASDAQ:CMCO) Q3 2022 Earnings Conference Call January 27, 2022 10:00 AM ET Company Participants Deborah Pawlowski - Investor Relations David Wilson - President & Chief Executive Officer Greg Rustowicz - Chief Financial Officer Conference Call Participants Michael McGinn - Wells Fargo Greg Palm - Craig-Hallum Capital Group Chris Howe - Barrington Research Jon Tanwanteng - CJS Securities Steve Ferazani - Sidoti & Company Will Jellison - D.A. Davidson Walter Liptak - Seaport Rese ...

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 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------| ...

Columbus McKinnon Corporation (NASDAQ:CMCO) Q2 2022 Earnings Conference Call October 28, 2021 10:00 AM ET Company Participants Deborah Pawlowski - Investor Relations David Wilson - President, Chief Executive Officer & Director Gregory Rustowicz - Vice President of Finance, Treasurer & Chief Financial Officer Conference Call Participants Peter Kirk Lukas - CJS Securities Michael McGinn - Wells Fargo Securities Chris Howe - Barrington Research Steve Ferazani - Sidoti & Company Greg Palm - Craig-Hallum Capital ...