Columbus McKinnon Reports Record Net Sales, Gross Margin and Operating Income in Fiscal 2024 [Yahoo! Finance]
Columbus McKinnon Corporation (CMCO)
Last columbus mckinnon corporation earnings: 2/4 06:30 am
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Source: Yahoo! Finance
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 montratec Gross margin up 50 basis points to 37.0%; Adjusted Gross Margin up 80 basis points to 37.3% Net income of $46.6 million with a net margin of 4.6%; Adjusted EBITDA of $166.7 million, up 13% with Adjusted EBITDA Margin of 16.4%, up 60 basis points Generated net cash provided by operating activities of $67.2 million and Free Cash Flow of $42.4 million with Free Cash Flow Conversion of 91% Net Leverage Ratio decreased to 2.4x; Expect Net Leverage Ratio of ~2.0x target by end of year Fiscal 2025 Fourth Quarter 2024 Highlights (compared with prior ye
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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