Columbus Mckinnon Corp N Y Stock Price, News & Analysis

Columbus McKinnon (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions, announced its participation in the J.P. Morgan 2025 Industrials Conference. The presentation is scheduled for March 11, 2025, at 4:55 p.m. Eastern Time.

The presentation will be accessible through a live audio webcast on the company's Investor Relations webpage at investors.cmco.com. A replay will remain available until March 24, 2025.

Columbus McKinnon specializes in intelligent motion solutions including hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The company focuses on commercial and industrial applications requiring high safety standards and engineering expertise.

Columbus McKinnon (NASDAQ: CMCO) has announced a definitive agreement to acquire Kito Crosby in an all-cash transaction valued at $2.7 billion. The transaction is expected to close later this year, funded by $2.6 billion in debt financing and an $0.8 billion perpetual convertible preferred equity investment from CD&R.

The combined company is projected to generate annual revenue of $2.1 billion and Adjusted EBITDA of $486 million. The merger is expected to create approximately $70 million in annual net cost synergies and improve Adjusted EBITDA margins to over 23%. The company aims to reduce its Net Leverage Ratio from 4.8x to approximately 3.0x within two years post-closing.

Kito Crosby, currently owned by KKR, operates globally with nearly 4,000 employees serving over 50 countries and generated $1.1 billion in revenue in 2024. The merger will enhance Columbus McKinnon's position in material handling solutions with expanded presence in key verticals and geographies.

Columbus McKinnon (NASDAQ: CMCO) reported Q3 FY25 financial results with net sales of $234.1 million, down 7.9% year-over-year, and operating margin of 7.6% (10.9% adjusted). The company experienced a 4% decrease in orders, with EMEA orders up 1% offset by a 5% decline in Americas.

Key financial metrics include GAAP EPS of $0.14 and Adjusted EPS of $0.56, impacted by unfavorable FX movements. The company repaid $15 million of debt in Q3 and anticipates FY25 debt repayment of $60 million.

The quarter saw slowing industry demand due to delayed customer decision-making related to U.S. policy uncertainty and weakening European economies. The company is executing cost reduction actions and capacity alignment with demand. For FY25 guidance, CMCO expects a mid-single digit decrease in net sales year-over-year and a low-teens decrease in Adjusted EPS.

Columbus McKinnon (Nasdaq: CMCO), a leading manufacturer of intelligent motion solutions for material handling, has announced its upcoming third quarter fiscal 2025 earnings release. The company will disclose its financial results after market close on February 10, 2025, followed by a conference call at 5:00 p.m. Eastern Time.

Management will discuss corporate strategy and outlook during the call, which will be accessible via webcast on the company's Investor Relations webpage. A replay will be available until February 24, 2025. Columbus McKinnon specializes in manufacturing hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems for commercial and industrial applications.

Columbus McKinnon (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, has announced its Board of Directors' approval of a regular quarterly dividend of $0.07 per common share. The dividend will be paid on February 18, 2025, to shareholders of record as of February 7, 2025.

The company, which has approximately 28.6 million shares of common shares outstanding, specializes in manufacturing hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. Their focus remains on commercial and industrial applications requiring safety and quality engineering.

Columbus McKinnon (Nasdaq: CMCO), a designer and manufacturer of intelligent motion solutions, has donated $15,000 to Habitat for Humanity of the Charlotte Region through its CMCO Cares program. The donation will support the organization's efforts to help individuals and families rebuild following Hurricane Helene's impact. This marks the third year of donations to the organization.

The contribution, made through the company's CMCO Cares program, aims to support local communities and provide affordable housing solutions. The program was established to develop and formalize the Company's approach to community engagement and corporate giving, ensuring consistent impact in communities where its employees work and live.

Columbus McKinnon's BatteryStar™ Battery-Powered Chain Hoist has been awarded the 2024 'Product of the Year' in the Overhead Handling category by Material Handling Product News. The innovative product combines the lifting strength of an electric chain hoist with the portability of a manual hoist, powered by lithium-ion battery technology.

The BatteryStar features a quick-swap battery system and brushless motor technology, eliminating the need for manual operation or power source access. The product has exceeded early demand expectations since its Q2 launch and is being sold under the CM® brand in North and Latin America and the Yale® brand in Europe, Middle East, Africa, and Asia Pacific.

Columbus McKinnon (Nasdaq: CMCO) has announced its participation in the Baird 2024 Global Industrials Conference on November 14, 2024, at 1:35 p.m. Eastern Time. The presentation will be accessible via live audio webcast on the company's Investor Relations webpage, with replay available until November 28, 2024.

The company is a global leader in intelligent motion solutions, specializing in designing and manufacturing equipment for moving, lifting, positioning, and securing materials. Their product portfolio includes hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems, serving commercial and industrial applications.

Columbus McKinnon reported mixed Q2 FY25 results with 16% order growth but a 6.2% decrease in net sales to $242.3 million. The quarter saw strong precision conveyance orders up 42% and a book-to-bill ratio of 1.08x. Financial results were impacted by Hurricane Helene and manufacturing transition costs to Monterrey, MX. The company reported GAAP EPS of ($0.52) and Adjusted EPS of $0.70. Notable activities include $10 million debt repayment and $4.9 million in share repurchases. For Q3 FY25, the company expects flat year-over-year net sales and Adjusted EPS.