Material Handling Equipment

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Kalmar’s climate targets validated by Science Based Targets initiative
Globenewswire· 2025-06-27 07:00
Core Viewpoint - Kalmar Corporation has received validation from the Science Based Targets initiative (SBTi) for its near- and long-term emissions reduction targets, committing to net-zero emissions by 2045 in alignment with the Paris Agreement's goal of limiting global temperature rise to 1.5°C [1][2][4]. Group 1: Emission Reduction Targets - Kalmar aims to reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions by 90% by 2030 from a 2023 base year [6]. - The company also targets a 40% reduction in absolute scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, use of sold products, and downstream leased assets within the same timeframe [6]. - From 2030 to 2045, Kalmar commits to maintaining a minimum of 90% absolute scope 1 and 2 GHG emissions from the 2023 base year [6]. - Additionally, the company plans to reduce absolute scope 3 GHG emissions by 90% by 2045 from the 2023 base year [6]. - Kalmar's ultimate goal is to achieve net-zero greenhouse gas emissions across its entire value chain by 2045 [6]. Group 2: Commitment to Sustainability - The validation from SBTi underscores Kalmar's commitment to sustainability and its role in driving the transformation towards sustainable material handling in the industry [2][3]. - The company emphasizes the importance of sustainable innovation and collaboration with customers and suppliers to tackle emissions across its entire value chain [3]. - Kalmar's vision is to be a leader in sustainable material handling equipment and services, contributing to profitable business growth while adhering to climate science [2][5].
Kalmar launches Inspector – a new digital application to streamline daily equipment inspections
Globenewswire· 2025-06-26 07:00
Core Insights - Kalmar has launched a new digital application called Inspector to enhance the efficiency of routine inspections for material-handling equipment [1][4] - The application allows for centralized storage of inspection data, facilitating analysis and reporting [1][2] Group 1: Product Features - Inspector enables users to document inspections accurately, store data digitally, and identify maintenance needs more easily [2][3] - The application includes customizable checklists, allowing users to add notes and attach multimedia files [3] - Inspector can be used on any equipment without requiring connectivity or hardware installation, making it versatile [3] Group 2: Benefits for Users - The application streamlines the inspection process, making it faster, easier, and more reliable for users [4] - Fleet managers gain full visibility over inspection-related data, which aids in improving maintenance planning and execution [4] Group 3: Company Overview - Kalmar operates globally in over 120 countries and employs approximately 5,200 people [4] - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion, indicating a strong market presence [4]
Kalmar and Depot Management Finland close order for empty container handlers
Globenewswire· 2025-06-25 08:00
Core Insights - Kalmar has signed an agreement to supply two empty container handlers to Depot Management Finland Oy, with delivery expected by the end of 2025 [4][5] - The new machines are designed for efficient and safe handling of empty containers, featuring an innovative twin twistlock solution that allows for flexible handling of various container sizes without speed reduction [6][7] - Depot Management Finland is reorganizing its operations to enhance efficiency following a recent acquisition, and the new equipment will support increased container traffic at Vuosaari port [5][7] Company Overview - Kalmar operates globally in over 120 countries and employs approximately 5,200 people, with sales totaling around EUR 1.7 billion in 2024 [9]
Changes in the Kalmar leadership team: Kalmar appoints Hanna Reijonen as Senior Vice President, Human Resources
Globenewswire· 2025-06-23 12:00
Core Insights - Kalmar Corporation has appointed Hanna Reijonen as Senior Vice President of Human Resources, effective October 6, 2025, reporting to President & CEO Sami Niiranen [1][2][3] - Hanna Reijonen will lead Kalmar's global HR strategy, focusing on talent acquisition, development, compensation, benefits, and employee relations [2][3] - The leadership team will include various senior executives, with Hanna Reijonen being a key addition to support Kalmar's growth and transition towards a service-driven company [3][4] Company Overview - Kalmar Corporation operates in over 120 countries, employing approximately 5,200 people, and had sales of approximately EUR 1.7 billion in 2024 [6] - The company aims to be a leader in sustainable material handling equipment and services, providing solutions to ports, terminals, distribution centers, and heavy logistics [6]
Composition of Kalmar Corporation’s Shareholders’ Nomination Board
Globenewswire· 2025-06-13 12:00
Core Points - The composition of Kalmar Corporation's Shareholders' Nomination Board has been updated as of June 13, 2025, consisting of four members appointed by the two largest shareholders of class A shares and the two largest shareholders of class B shares who do not own class A shares [1] - The Chair of Kalmar's Board of Directors, Jaakko Eskola, participates in the Nomination Board's work as an expert but does not have decision-making rights [2] - The Nomination Board is tasked with preparing proposals regarding the number, election, and remuneration of the Board of Directors' members, and must submit these proposals by the last day of January before the Annual General Meeting [3] - Kalmar operates globally in over 120 countries, employing approximately 5,200 people, and reported sales of approximately EUR 1.7 billion in 2024 [4] Shareholders' Nomination Board Members - Ville Herlin was appointed by Wipunen varainhallinta oy [5] - Heikki Herlin was appointed by Mariatorp Oy [5] - Timo Sallinen, Chief Investment Officer of Varma Mutual Pension Insurance Company, was appointed by Varma Mutual Pension Insurance Company [5] - Mikko Mursula, Chief Investment Officer and Deputy CEO of Ilmarinen Mutual Pension Insurance Company, was appointed by Ilmarinen Mutual Pension Insurance Company [5]
Columbus McKinnon Reports Record Orders in Fiscal 2025
Prnewswire· 2025-05-28 10:30
Core Insights - Columbus McKinnon Corporation reported a decrease in net sales for both the fourth quarter and the full fiscal year 2025, with a net loss attributed to various non-cash costs and operational challenges [1][5][10]. Fiscal Year 2025 Highlights - Net sales for fiscal year 2025 were $963.0 million, down 5% from $1,013.5 million in fiscal year 2024 [5][16]. - The company experienced a net loss of $5.1 million for the year, which included significant non-cash pension settlement costs and factory consolidation costs [5][16]. - Adjusted EBITDA for the year was $150.5 million, with an adjusted EBITDA margin of 15.6% [5]. Fourth Quarter 2025 Highlights - Fourth quarter net sales were $246.9 million, a decrease of 7% compared to $265.5 million in the same quarter of the previous year [3][17]. - U.S. sales fell by 10.1%, while non-U.S. sales decreased by 2.7% [3][4]. - Gross profit for the fourth quarter was $79.8 million, down 15.4% from $94.3 million in the prior year, resulting in a gross margin of 32.3% [4][17]. Orders and Backlog - The company reported record orders of $1.0 billion, up 3%, driven by growth in project-related business and precision conveyance [5][26]. - The backlog increased to $322.5 million, reflecting a 15% rise compared to the previous year [5][26]. Kito Crosby Acquisition - Columbus McKinnon is progressing towards the acquisition of Kito Crosby, which is expected to enhance its product offerings and geographic reach [7][8]. - The acquisition is subject to regulatory clearance and is anticipated to close later in the calendar year [8]. Fiscal Year 2026 Guidance - The company expects net sales and adjusted EPS to be flat to slightly up for fiscal 2026, not accounting for the Kito Crosby acquisition [10][11]. - The guidance reflects ongoing challenges from tariff policies impacting supply chain costs [10][11]. Capital Allocation - Columbus McKinnon plans to prioritize debt repayment to strengthen its balance sheet while maintaining consistent dividend payments [9].
Columbus McKinnon to Host Fourth Quarter and Full Year Fiscal 2025 Earnings Conference Call on May 28, 2025
Prnewswire· 2025-05-16 14:41
Group 1 - Columbus McKinnon Corporation will release its fourth quarter and full year fiscal 2025 results on May 28, 2025, before the market opens [1] - A conference call will be held on the same day at 10:00 a.m. Eastern Time to discuss the financial and operating results, as well as corporate strategy and outlook [2] - The conference call will be available via live webcast and a replay will be accessible for two weeks after the call [2] Group 2 - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling, focusing on commercial and industrial applications [3] - Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems [3] - The company emphasizes safety and quality through superior design and engineering know-how [3]
Universal Technical Institute and Crown Equipment Corporation Celebrate 30 Years of Collaboration, Empowering Skilled Technicians
Prnewswire· 2025-05-12 13:15
Core Insights - Universal Technical Institute (UTI) celebrates a 30-year collaboration with Crown Equipment Corporation, enhancing career opportunities for UTI graduates in the material handling sector [2][4] - Crown Equipment has actively recruited UTI graduates for various roles, contributing to the development of a skilled workforce across its 80+ branches nationwide [2][3] - The partnership includes initiatives like UTI's Early Employment Program, allowing students to gain industry experience while completing their education [2][3] Company Collaboration - The collaboration has resulted in hundreds of UTI graduates being hired and promoted within Crown, many achieving leadership positions [3] - Crown Equipment's director of talent acquisition emphasizes the importance of this partnership in maintaining high service standards and providing meaningful career paths for graduates [3] - UTI's division president highlights the commitment to connecting students with employers who value their skills, showcasing the long-term success of graduates at Crown [4] Equipment and Resources - Crown Equipment has provided essential material handling equipment to UTI campuses, ensuring access to reliable tools for training and operations [4] - The partnership reinforces Crown's commitment to workforce development and support for skilled trades through custom campus branding and equipment donations [4] Educational Impact - UTI operates 15 campuses across nine states, offering a range of technical training programs in transportation and skilled trades [5] - The institute aims to serve students and communities by providing quality education and support services for in-demand careers [5]
Kalmar and London Gateway agree significant repeat order for electric straddle carriers with high-energy batteries
Globenewswire· 2025-05-07 10:00
DP World London Gateway_Credit to Miru Visuals (1) DP World London Gateway, Photo Credit Miru Visuals Kalmar Electric Straddle Carrier_Credit to DP World Kalmar Electric Straddle Carrier, Photo Credit DP World KALMAR CORPORATION, TRADE PRESS RELEASE, 7 MAY 2025 AT 13:00 PM (EEST) Kalmar and London Gateway agree significant repeat order for electric straddle carriers with high-energy batteries Kalmar has secured a significant repeat order from long-term customer DP World for 12 fully electric Kalmar ...
Kalmar introduces Kalmar One as a standalone automation solution
Globenewswire· 2025-05-07 07:00
Core Viewpoint - Kalmar has launched Kalmar One, a standalone automation solution designed to meet the growing demand for a modular and equipment-type agnostic fleet management system in terminal operations [1][4]. Group 1: Product Features - Kalmar One is an OEM and equipment type-agnostic solution that allows terminal operators to integrate and optimize their operations through a single system, standardizing automation solutions across multiple terminals [2][11]. - The solution provides a seamless interface between the terminal operating system and automated equipment, enabling terminals to maximize the efficiency of their automated assets while reducing costs [4][9]. Group 2: Key Benefits - No vendor lock: Kalmar One can interface with any brand of automated equipment, allowing customers to choose their equipment and automation suppliers independently [9]. - Optimized operations: The system enhances the end-to-end logistics flow from stack to quay, ensuring optimal performance on both quayside and landside [9]. - Scalability and flexibility: Kalmar One is modular, allowing businesses to scale their automated operations as needed and add new equipment as their fleet expands, supporting various levels of automation [9]. Group 3: Company Overview - Kalmar operates globally in over 120 countries, employing approximately 5,200 people, and reported sales of approximately EUR 1.7 billion in 2024 [5].