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Columbus McKinnon Corporation (CMCO) delivers intelligent motion solutions for global material handling needs. This news hub provides investors and industry professionals with essential updates on strategic developments, product innovations, and market leadership in industrial equipment.
Access curated press releases and news articles covering earnings reports, acquisition announcements, and technology advancements. Stay informed about CMCO's initiatives in workplace safety, digital automation integration, and sustainable manufacturing practices across key sectors including logistics, defense, and utilities.
Our repository simplifies tracking of Columbus McKinnon's progress in enhancing operational efficiency through hoists, cranes, and smart control systems. Discover how CMCO addresses evolving industry demands while maintaining its 135-year legacy of engineering excellence.
Bookmark this page for direct access to verified updates about one of the material handling sector's most innovative Nasdaq-listed companies.
Columbus McKinnon (Nasdaq: CMCO), a leader in intelligent motion solutions for material handling, has published its fourth annual Corporate Sustainability Report. The report highlights the company's fiscal 2024 progress on key sustainability initiatives, including energy efficiency, operational efficiency, and waste reduction. The report also outlines goals in their Sustainability Index, governance, risk management, and diversity efforts, such as inclusivity training for managers and a DE&I newsletter. The CMCO Cares program, now in its second year, has successfully driven community engagement and partnerships. The company emphasizes the importance of sustainability in driving business resilience and growth.
Columbus McKinnon (Nasdaq: CMCO) announced its participation in the Wells Fargo 2024 Industrials Conference. The event will take place on June 11, 2024, at 3:15 p.m. Eastern Time. A live audio webcast will be accessible via the Columbus McKinnon Investor Relations webpage. A replay will be available until at least June 25, 2024.
Columbus McKinnon specializes in intelligent motion solutions, including hoists, crane components, precision conveyor systems, and digital power and motion control systems. They focus on commercial and industrial applications that prioritize safety and quality.
Columbus McKinnon (Nasdaq: CMCO) reported record net sales of $1 billion for fiscal 2024, a growth of 8% driven by geographical expansion and the acquisition of montratec. The gross margin increased by 50 basis points, reaching 37.0%, and the net income stood at $46.6 million with a net margin of 4.6%. Adjusted EBITDA rose by 13% to $166.7 million. In Q4 FY24, net sales were $265.5 million, up 4.6%, while net income was $11.8 million. The company has projected a low-single digit growth in net sales and flat to slightly down adjusted EPS for Q1 FY25. For FY25, the company anticipates low-single digit growth in net sales and mid to high-single digit growth in adjusted EPS.
Columbus McKinnon (Nasdaq: CMCO) will release its fourth quarter and full fiscal year 2024 results before the market opens on May 29, 2024.
A conference call to discuss the financial results and corporate strategy will be held at 10:00 a.m. ET on the same day, accessible via live webcast or phone.
The call will feature management's review of financial and operating performance, along with discussions on future outlook.
A replay will be available until June 5, 2024, for those who miss the live broadcast.
Columbus McKinnon specializes in intelligent motion solutions for material handling and focuses on commercial and industrial applications where safety and quality are paramount.
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