Q4 and Fiscal Year 2023 Financial Results Conference Call 2 These slides, and the accompanying oral discussion (together, this "presentation"), contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning expected growth, future sales and EBITDA margins, and future potential to deliver results including revenue guidance, gross margin improvements, and reduction of RSG&A as a percent of ...

Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2023 Earnings Conference Call May 25, 2023 10:00 AM ET Company Participants Deborah Pawlowski - Investor Relations David Wilson - President and CEO Greg Rustowicz - Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Pete Lukas - CJS Securities Steve Ferazani - Sidoti Walt Liptak - Seaport Research Operator Greetings. And welcome to the Columbus McKinnon Corp. -- Corporation Fourth Quarter Fiscal Year 2023 Financial Results. At ...

2023 Annual Report on Form 10-K This Annual Report on Form 10-K (this "Form 10-K") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("the Exchange Act"), and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical or current fact, included in this Form 10 ...

Columbus McKinnon Corporation (NASDAQ:CMCO) Q3 2023 Earnings Conference Call February 1, 2023 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 & Co. Steve Ferazani - SIDOTI & Company Jon Tanwanteng - CJS Securities Walter Liptak - Seaport Research Partners Patrick Baumann - JPMorgan Operator Greetings, and welcome to the Columbus McKinnon Corporation Thi ...

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, ...