Columbus McKinnon Reports Record Net Sales, Gross Margin and Operating Income in Fiscal 2024
Columbus McKinnon Corporation (CMCO)
Last columbus mckinnon corporation earnings: 2/4 06:30 am
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Source: Business Wire
CHARLOTTE, N.C.--(BUSINESS WIRE)--Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its full year and fourth quarter fiscal 2024, which ended March 31, 2024. Results include the addition of montratec®, which was acquired on May 31, 2023 ("the acquisition").Fiscal Year 2024 Highlights (compared with prior year period)Record net sales of $1.0 billion, up 8% driven by growth across all geographies including the acquisition of montratecGross margin up 50 basis points to 37.0%; Adjusted Gross Margin1 up 80 basis points to 37.3%Net income of $46.6 million with a net margin of 4.6%; Adjusted EBITDA1 of $166.7 million, up 13% with Adjusted EBITDA Margin1 of 16.4%, up 60 basis pointsGenerated net cash provided by operating activities of $67.2 million and Free Cash Flow1 of $42.4 million with Free Cash Flow Conversion1 of 91%Net Leverage Ratio1,2 decreased t
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CMCO
News
- Columbus McKinnon Publishes Fourth Annual Corporate Sustainability Report [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon Publishes Fourth Annual Corporate Sustainability ReportBusiness Wire
- Columbus McKinnon to Present at the Wells Fargo 2024 Industrials Conference [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon to Present at the Wells Fargo 2024 Industrials ConferenceBusiness Wire
- Columbus McKinnon Co. (NASDAQ: CMCO) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
CMCO
Earnings
- 5/29/24 - Miss
CMCO
Sec Filings
- 6/10/24 - Form ARS
- 6/10/24 - Form DEFA14A
- 6/10/24 - Form DEF
- CMCO's page on the SEC website