Columbus Mckinnon Corp N Y Stock Price, News & Analysis

Columbus McKinnon Corporation (NASDAQ: CMCO) will release its fourth quarter and full year fiscal 2022 results on May 25, 2022, before market opening. A conference call will be held at 10:00 a.m. ET to discuss financial results and corporate strategy. An audio replay will be available later that day until June 1, 2022. The company focuses on intelligent motion solutions for material handling, including hoists and conveyor systems, serving both commercial and industrial applications.

Columbus McKinnon Corporation (CMCO) has announced an increase in its quarterly dividend to $0.07 per share, up from $0.06. The dividend will be payable on May 16, 2022, to shareholders who hold shares as of May 6, 2022. With approximately 28.5 million shares outstanding, this move reflects the Company’s commitment to returning value to its shareholders while bolstering confidence in its financial performance.

Columbus McKinnon Corporation (NASDAQ: CMCO) will present at the 2022 JP Morgan Industrials Conference on March 15, 2022, at 4:40 PM ET. The presentation will feature CEO David Wilson and CFO Greg Rustowicz, showcasing the company’s intelligent motion solutions designed for materials handling. A live audio webcast with slides will be accessible at investors.columbusmckinnon.com, with an archived version available post-conference. Columbus McKinnon focuses on safety and quality in its extensive range of products.

Columbus McKinnon Corporation (NASDAQ: CMCO) has launched the Intelli-Connect™ Diagnostics and Analytics for its CM® Lodestar® VS Electric Chain Hoist. This innovative technology enables wireless programming and real-time monitoring of the hoist's performance directly from mobile devices. Users can access critical diagnostics, maintenance scheduling, and over-the-air software updates without physical connections. Intelli-Connect enhances operational safety and reduces downtime, offering both new installations and retrofit options for existing units.

Columbus McKinnon Corporation (Nasdaq: CMCO) reported a solid third quarter for fiscal 2022, achieving a 29.7% year-over-year sales increase to $216.1 million. Key growth was driven by acquisitions and strong demand, with a record backlog of $295 million. Gross margin improved to 34.7%, while adjusted EPS rose 66.7% to $0.60. The company anticipates fourth quarter sales of approximately $235 million. CEO David Wilson highlighted the strategic benefit of recent acquisitions, especially in the food & beverage and pharmaceutical sectors.

Columbus McKinnon Corporation (NASDAQ: CMCO) has announced a quarterly dividend of $0.06 per common share. This dividend is set to be paid on or about February 22, 2022, to shareholders on record as of February 11, 2022. The company boasts approximately 28.5 million shares outstanding, reflecting a commitment to return value to its shareholders. Columbus McKinnon is a leader in intelligent motion solutions, focusing on safety and quality in material handling applications.

Columbus McKinnon Corporation (NASDAQ: CMCO) announced its third quarter fiscal year 2022 results will be released on January 27, 2022, before market open. A conference call will be held at 10:00 a.m. Eastern Time to discuss financial results and corporate strategy, followed by a Q&A session. Audio replay of the call will be available from 1:00 p.m. Eastern Time on the same day through February 3, 2022. Columbus McKinnon specializes in intelligent motion solutions for material handling, focusing on safety and quality in engineering.

Columbus McKinnon Corporation (CMCO) has successfully completed the acquisition of Garvey Corporation, a leader in accumulation systems solutions. This acquisition, which aligns with CMCO's transformational Blueprint for Growth 2.0 strategy, enhances its offerings in precision conveying technologies. Founded in 1926, Garvey brings a skilled workforce and innovative solutions to CMCO, aiming to establish a comprehensive product line in the market. CEO David J. Wilson emphasized the strategic significance of this acquisition in boosting overall business value.

Columbus McKinnon Corporation (NASDAQ: CMCO) has appointed Gerald Colella, former President and CEO of MKS Instruments, and Chad Abraham, Chair and CEO of Piper Sandler, to its Board of Directors effective November 11, 2021. Richard H. Fleming, Chair of the Board, highlighted their extensive experience in industrial technology and financial services, which will support the company's growth strategy. The board now consists of eleven directors, with ten being independent.