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Columbus Mckinnon Corp. - CMCO STOCK NEWS

Welcome to our dedicated news page for Columbus Mckinnon (Ticker: CMCO), a resource for investors and traders seeking the latest updates and insights on Columbus Mckinnon.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Columbus Mckinnon's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Columbus Mckinnon's position in the market.

Rhea-AI Summary
Columbus McKinnon (CMCO) and Milwaukee Tool collaborate to introduce BatteryStar™ hoist, a cutting-edge battery-powered hoist enhancing safety and portability in lifting applications. The hoist combines the strength of an electric chain hoist with the convenience of a manual hoist, powered by Milwaukee Tool's M18™ REDLITHIUM™ Battery. It offers portability, intelligence, and safety features like wireless remote control and overcapacity alerts. The hoist will be available for sale in the Summer of 2024 under the CM® and Yale® brands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none
-
Rhea-AI Summary
Columbus McKinnon (CMCO) and Milwaukee Tool collaborate to introduce BatteryStar™ hoist, a cutting-edge battery-powered hoist enhancing safety and portability in lifting applications. The hoist combines the strength of an electric chain hoist with the convenience of a manual hoist, powered by Milwaukee Tool's M18™ REDLITHIUM™ Battery. It offers portability, intelligence, and safety features like wireless remote control and overcapacity alerts. The hoist will be available for sale in the Summer of 2024 under the CM® and Yale® brands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
-
Rhea-AI Summary
Columbus McKinnon (CMCO) successfully completed the repricing of its $497.6 million senior secured Term Loan B, reducing the interest rate margin by 25 basis points to SOFR plus 2.50%. The Company estimates annualized cash interest expense savings of approximately $2.5 million. No other material changes were made to the TLB terms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
none
Rhea-AI Summary
Columbus McKinnon (CMCO) declares a regular quarterly dividend of $0.07 per common share, reflecting the company's commitment to rewarding shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
dividends
-
Rhea-AI Summary
Columbus McKinnon (CMCO) appoints Chris J. Stephens Jr. to its Board of Directors, leveraging his extensive financial and operational leadership experience. Stephens will also serve on key committees, bringing valuable expertise to support the company's growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
management
-
Rhea-AI Summary
Columbus McKinnon Corporation (CMCO) announced strong financial results for the fiscal year 2024 third quarter, with an 8% increase in orders and a 10% increase in net sales. The acquisition of montratec® contributed $15.5 million to the increase in net sales. The company's gross margin expanded by 130 basis points to 36.9%, and operating income increased by 33% to $26.9 million. Columbus McKinnon completed construction of a manufacturing center in Mexico, demonstrating continued progress with growth initiatives. The company also provided guidance for the fourth quarter, expecting 4% growth year-over-year at the midpoint of the range.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
earnings
Rhea-AI Summary
Columbus McKinnon Corporation (CMCO) has announced a regular quarterly dividend of $0.07 per common share. The company is a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
Tags
dividends
-
Rhea-AI Summary
Columbus McKinnon Corporation (CMCO) will release its Q3 fiscal 2024 results on January 31, 2024. The company will also host a conference call to discuss financial results, corporate strategy, and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
conferences earnings
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Rhea-AI Summary
Columbus McKinnon Corporation (CMCO) has appointed Kristine Moser as Vice President, Investor Relations and Treasurer. Mrs. Moser will be responsible for capital markets activity, building and maintaining communications with investors and analysts, and Columbus McKinnon's treasury operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.65%
Tags
none
Rhea-AI Summary
Columbus McKinnon Corporation (CMCO) has appointed Kristine Moser as Vice President, Investor Relations and Treasurer. Mrs. Moser will be responsible for capital markets activity, building and maintaining communications with investors and analysts, and Columbus McKinnon's treasury operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.3%
Tags
none
Columbus Mckinnon Corp.

Nasdaq:CMCO

CMCO Rankings

CMCO Stock Data

1.28B
28.06M
2.32%
97.86%
1.2%
Iron and Steel Forging
Manufacturing
Link
US
Getzville

About CMCO

columbus mckinnon manufactures a broad line of material handling products for use in a wide range of markets around the world. primary products include hoists, lifting chain, overhead crane systems and below-the-hook attachments. the company has a rich 135-year history, and many of the brands are the most recognized in the world. products from columbus mckinnon are used to lift, position, and secure loads in hundreds of industries including fabrication, food processing, mining, forestry, entertainment, trucking, utility, and defense – to name only a few.