Columbus McKinnon(CMCO)
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Columbus McKinnon(CMCO) - 2025 Q3 - Quarterly Report
2025-02-10 22:23
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 For the quarterly period ended December 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Columbus McKinnon Corporation (Exact name of registrant as specified in its charter) New York 16-0547600 (St ...
Columbus McKinnon to Combine with Kito Crosby Delivering Compelling Value Creation
Prnewswire· 2025-02-10 21:15
Core Viewpoint - Columbus McKinnon Corporation has announced a definitive agreement to acquire Kito Crosby Limited for $2.7 billion in an all-cash transaction, aimed at enhancing its position as a leading provider of intelligent motion solutions in material handling [1][2][4]. Company Overview - Columbus McKinnon is a designer, manufacturer, and marketer of intelligent motion solutions, focusing on material handling applications [15]. - Kito Crosby is a global leader in lifting solutions, with a strong portfolio and nearly 4,000 employees serving over 50 countries [2][16]. Transaction Details - The acquisition is valued at approximately $2.7 billion, with an expected closing later in the year, subject to regulatory approvals [1][4]. - The transaction is expected to create around $70 million in annual net cost synergies, improving Adjusted EBITDA margins to over 23% [4][8]. - The combined company is projected to have annual revenue of $2.1 billion and Adjusted EBITDA of $486 million on a pro-forma basis [8][9]. Strategic Rationale - The acquisition is seen as a strategic move to strengthen Columbus McKinnon's market position, leveraging favorable trends such as reshoring, infrastructure investment, and rising automation needs [2][4]. - The combination is expected to enhance the product portfolio and expand into attractive verticals and geographies, delivering exceptional innovation to customers [2][4]. Financial Implications - The transaction will be funded through $2.6 billion in committed debt financing and $0.8 billion in perpetual convertible preferred equity from CD&R [4][10]. - The combined cash flow generation is anticipated to enable a reduction in the Net Leverage Ratio from approximately 4.8x to about 3.0x within two years post-closing [9][10]. Management and Governance - CD&R's investment will lead to the addition of new members to Columbus McKinnon's Board of Directors, enhancing governance and operational expertise [6][7]. - The management teams of both companies share values of safety, quality, and customer focus, which are expected to create value for all stakeholders [3][5].
Columbus McKinnon Reports Q3 FY25 Results
Prnewswire· 2025-02-10 21:05
CHARLOTTE, N.C., Feb. 10, 2025 /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 third quarter, which ended December 31, 2024. Third Quarter 2025 Highlights (compared with prior-year period, except where otherwise noted) Net sales of $234.1 million with 7.6% operating margin or 10.9% on an adjusted b ...
Columbus McKinnon to Host Third Quarter Fiscal 2025 Earnings Conference Call on February 10, 2025
Prnewswire· 2025-01-28 14:28
CHARLOTTE, N.C., Jan. 28, 2025 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its third quarter fiscal 2025 results after the markets close on Monday, February 10, 2025.Following the release, management will host a conference call at 5:00 p.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference c ...
Columbus McKinnon: Remaining Bullish On Long-Term Growth
Seeking Alpha· 2025-01-25 12:10
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Columbus McKinnon Donates $15,000 to Habitat for Humanity of the Charlotte Region
Prnewswire· 2024-12-12 14:00
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(CMCO) - 2025 Q2 - Earnings Call Transcript
2024-10-30 20:28
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 ...
Columbus McKinnon(CMCO) - 2025 Q2 - Quarterly Report
2024-10-30 20:16
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 | --- | --- | --- | --- | |-------------------------------------------------------------------------------- ...
Columbus McKinnon(CMCO) - 2025 Q2 - Earnings Call Presentation
2024-10-30 16:02
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) Q2 Earnings Surpass Estimates
ZACKS· 2024-10-30 12:35
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 ...