Columbus Mckinnon Corp N Y Stock Price, News & Analysis

Columbus McKinnon (NASDAQ: CMCO) has announced an acquisition agreement with montratec, a leader in intelligent automation and transport systems, valued at approximately $110 million. This acquisition aims to enhance CMCO's precision conveyance platform, tapping into high-growth markets such as electric vehicles, life sciences, and semiconductors. Expected to be accretive within a year, the purchase price reflects a multiple of 13.0x projected adjusted EBITDA without synergies. CMCO anticipates a net leverage ratio of 2.7x following the acquisition. The company also reported record preliminary results for Q4 2023, including approximately $253 million in revenue, exceeding guidance. The acquisition is seen as a strategic step to drive higher margins and growth while leveraging montratec's patented technology and market presence in Europe.

Columbus McKinnon Corporation (NASDAQ: CMCO) announced a quarterly dividend of $0.07 per share, payable on May 15, 2023, to shareholders on record by May 5, 2023. The company has approximately 28.6 million shares outstanding, reflecting its commitment to providing returns to shareholders. Columbus McKinnon is a leader in intelligent motion solutions for material handling, focusing on safety and quality through superior design and engineering. For more information, visit www.columbusmckinnon.com.

Columbus McKinnon Corporation (NASDAQ: CMCO) announced that its CFO, Greg Rustowicz, will present at the Sidoti Small Cap Conference on March 22, 2023. A live audio webcast of the event, including slides, will be accessible on their investor relations website. The presentation will be archived for later viewing. Columbus McKinnon is a leading provider of intelligent motion solutions, focusing on material handling systems essential for various industrial applications. Their product range includes hoists, crane components, and digital power systems, designed for efficiency and safety in moving and securing materials.