Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected hoists, custom engineered hoists, and winches; crane systems, such as crane components, crane kits, enclosed track rail systems, mobile and workstation cranes, jib cranes, lift assists, and fall protection systems; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, clamps, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators. It also provides power and motion technology products, including AC motor controls and line regenerative systems, automation and diagnostics, brakes, cable and festoon systems, collision avoidance systems, conductor bar systems, DC motor and magnet control systems, elevator drives, inverter duty motors, mining drives, pendant pushbutton stations, radio controls, and wind inverters; power delivery subsystems; overhead aluminum light rail workstations; and sanitary and vertical elevation, fabric and modular belt conveyors, and flexible chain conveyor systems, as well as pallet system conveyors. The company serves market verticals, including general industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods, and e-commerce/supply chain/warehousing. It offers its products to end users directly, as well as through distributors, independent crane builders, material handling specialists and integrators, government agencies, original equipment manufacturers, and engineering procurement and construction firms. The company was founded in 1875 and is headquartered in Buffalo, New York.
IPO Year: 1996
Exchange: NASDAQ
Website: columbusmckinnon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/4/2024 | $53.00 | Overweight | JP Morgan |
| 5/26/2022 | $37.00 | Overweight → Neutral | JP Morgan |
| 5/25/2022 | $60.00 → $35.00 | Buy → Hold | Craig Hallum |
| 12/7/2021 | $64.00 | Overweight | JP Morgan |
CHARLOTTE, N.C., Nov. 6, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ:CMCO) ("Columbus McKinnon" or the "Company"), today announced that it will present at the Baird 2024 Global Industrials Conference on November 14, 2024, at approximately 1:35 p.m. Eastern Time. The live audio webcast will be available via the Columbus McKinnon Investor Relations webpage at investors.cmco.com. A replay of the webcast will be available on the Company's Investor Relations page shortly following the presentation at least through November 28, 2024. About Columbus McKinnonColumbus Mc
CHARLOTTE, NC, Oct. 30, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ:CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2025 second quarter, which ended September 30, 2024. Second Quarter 2025 Highlights (compared with prior-year period, except where otherwise noted) Orders increased 16% with a book-to-bill ratio of 1.08x; Precision conveyance up 42%Net sales decreased 6% to $242.3 million reflecting impacts relate
CHARLOTTE, N.C., Oct. 21, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share. The dividend will be payable on or about November 18, 2024, to shareholders of record at the close of business on November 8, 2024. Columbus McKinnon has approximately 28.7 million shares of common shares outstanding. About Columbus McKinnonColumbus McKinnon is a leading
CHARLOTTE, N.C., Oct. 16, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its second quarter fiscal 2025 results before the markets open on Wednesday, October 30, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference call will be available via live webcast on Columbus McKinnon's Invest
Columbus McKinnon Corporation (NASDAQ:CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2025 first quarter, which ended June 30, 2024. First Quarter 2025 Highlights (compared with prior-year period, except where otherwise noted) Net sales increased 2% to $239.7 million with strength in precision conveyance Backlog increased 4% from the prior quarter with book-to-bill ratio of 1.05x Gross margin increased 30 bps to 37.1%; Adjusted Gross Margin1 increased 110 bps to 38.0% Net income of $8.6 million or 3.6% of sales including $2.6
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share. The dividend will be payable on or about August 19, 2024, to shareholders of record at the close of business on August 9, 2024. Columbus McKinnon has approximately 28.8 million shares of common shares outstanding. About Columbus McKinnon Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically mov
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its first quarter fiscal 2025 results before the markets open on Wednesday, July 31, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference call will be available via live webcast on Columbus McKinnon's Investor Relations webpage, investors.cmco.com or via phone at 201-493-6780. A replay of the call will be available approximately two hours after the conference call, un
Columbus McKinnon Corporation (NASDAQ:CMCO) ("Columbus McKinnon" or the "Company"), today announced that it will present at the Wells Fargo 2024 Industrials Conference on June 11, 2024, at approximately 3:15 p.m. Eastern Time. The live audio webcast will be available via the Columbus McKinnon Investor Relations webpage at investors.cmco.com. A replay of the webcast will be available on the Company's investor Relations page shortly following the presentation at least through June 25, 2024. About Columbus McKinnon Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and e
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 montratec Gross 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%; A
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its fourth quarter and full year fiscal 2024 results before the markets open on Wednesday, May 29, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference call will be available via live webcast on Columbus McKinnon's Investor Relations webpage, investors.cmco.com or via phone at 201-493-6780. A replay of the call will be available approximately two hours after the confe
CHARLOTTE, NC, Oct. 30, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ:CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2025 second quarter, which ended September 30, 2024. Second Quarter 2025 Highlights (compared with prior-year period, except where otherwise noted) Orders increased 16% with a book-to-bill ratio of 1.08x; Precision conveyance up 42%Net sales decreased 6% to $242.3 million reflecting impacts relate
CHARLOTTE, N.C., Oct. 21, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share. The dividend will be payable on or about November 18, 2024, to shareholders of record at the close of business on November 8, 2024. Columbus McKinnon has approximately 28.7 million shares of common shares outstanding. About Columbus McKinnonColumbus McKinnon is a leading
CHARLOTTE, N.C., Oct. 16, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its second quarter fiscal 2025 results before the markets open on Wednesday, October 30, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference call will be available via live webcast on Columbus McKinnon's Invest
Columbus McKinnon Corporation (NASDAQ:CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2025 first quarter, which ended June 30, 2024. First Quarter 2025 Highlights (compared with prior-year period, except where otherwise noted) Net sales increased 2% to $239.7 million with strength in precision conveyance Backlog increased 4% from the prior quarter with book-to-bill ratio of 1.05x Gross margin increased 30 bps to 37.1%; Adjusted Gross Margin1 increased 110 bps to 38.0% Net income of $8.6 million or 3.6% of sales including $2.6
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share. The dividend will be payable on or about August 19, 2024, to shareholders of record at the close of business on August 9, 2024. Columbus McKinnon has approximately 28.8 million shares of common shares outstanding. About Columbus McKinnon Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically mov
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its first quarter fiscal 2025 results before the markets open on Wednesday, July 31, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference call will be available via live webcast on Columbus McKinnon's Investor Relations webpage, investors.cmco.com or via phone at 201-493-6780. A replay of the call will be available approximately two hours after the conference call, un
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 montratec Gross 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%; A
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its fourth quarter and full year fiscal 2024 results before the markets open on Wednesday, May 29, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference call will be available via live webcast on Columbus McKinnon's Investor Relations webpage, investors.cmco.com or via phone at 201-493-6780. A replay of the call will be available approximately two hours after the confe
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share. The dividend will be payable on or about May 13, 2024, to shareholders of record at the close of business on May 3, 2024. Columbus McKinnon has approximately 28.8 million shares of common stock outstanding. About Columbus McKinnon Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, li
Strong orders in the quarter led by precision conveyance platform Columbus McKinnon Corporation (NASDAQ:CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2024 third quarter, which ended December 31, 2023. Results include the addition of montratec®, which was acquired on May 31, 2023 ("the acquisition"). Third Quarter Highlights (compared with prior-year period, except where otherwise noted) Orders increased 8% demonstrating continued progress with growth initiatives and included a 23% increase in precision conveyance orders Net sale
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JP Morgan analyst James Kirby initiates coverage on Columbus McKinnon (NASDAQ:CMCO) with a Overweight rating and announces Price Target of $53.
Gainers NeoVolta (NASDAQ:NEOV) shares increased by 21.2% to $3.0 during Wednesday's pre-market session. The market value of their outstanding shares is at $99.7 million. Globavend Holdings (NASDAQ:GVH) shares rose 16.33% to $1.85. The company's market cap stands at $27.7 million. New Horizon Aircraft (NASDAQ:HOVR) shares moved upwards by 13.7% to $0.97. The company's market cap stands at $17.7 million. ShiftPixy (NASDAQ:PIXY) stock rose 10.52% to $1.89. The market value of their outstanding shares is at $12.7 million. Nuburu (AMEX:BURU) shares rose 7.73% to $0.16. The company's market cap stands at $6.0 million. Astra Space (NASDAQ:ASTR) shares increased by 6.72% to $0.62. The company'
Columbus McKinnon (NASDAQ:CMCO) reported quarterly earnings of $0.75 per share which missed the analyst consensus estimate of $0.84 by 10.71 percent. The company reported quarterly sales of $265.504 million which missed the analyst consensus estimate of $267.353 million by 0.69 percent. This is a 4.59 percent increase over sales of $253.843 million the same period last year.
DA Davidson analyst Matt Summerville maintains Columbus McKinnon (NASDAQ:CMCO) with a Buy and raises the price target from $48 to $50.
Columbus McKinnon (NASDAQ:CMCO) reported quarterly adjusted earnings of $0.74 per share which beat the analyst consensus estimate of $0.68 by 8.82 percent. This is a 2.78 percent increase over earnings of $0.72 per share from the same period last year. The company reported quarterly sales of $254.10 million which beat the analyst consensus estimate of $250.34 million by 1.50 percent. This is a 10.30 percent increase over sales of $230.37 million the same period last year.
Companies Reporting Before The Bell • Novartis (NYSE:NVS) is likely to report quarterly earnings at $1.68 per share on revenue of $11.56 billion. • Novo Nordisk (NYSE:NVO) is likely to report quarterly earnings at $0.65 per share on revenue of $8.82 billion. • Regis (NASDAQ:RGS) is likely to report quarterly loss at $1.19 per share on revenue of $52.94 million. • Boeing (NYSE:BA) is projected to report quarterly loss at $0.74 per share on revenue of $21.12 billion. • Hess (NYSE:HES) is likely to report quarterly earnings at $1.47 per share on revenue of $2.60 billion. • Lennox Intl (NYSE:LII) is expected to report quarterly earnings at $3.48 per share on revenue of $1.14 billion. • Na
Columbus McKinnon (NASDAQ:CMCO) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement. Analysts estimate that Columbus McKinnon will report an earnings per share (EPS) of $0.68. Columbus McKinnon bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.06, which was followed by a 4.68% incre
Columbus McKinnon Corporation (NASDAQ:CMCO) ("Columbus McKinnon" or the "Company"), today announced the appointment of Chris J. Stephens Jr. to its Board of Directors effective immediately. Stephens will also serve as a member of the Audit Committee and Human Capital, Compensation and Succession Committee leveraging his 35 years of experience in financial and operational leadership. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240318970869/en/(Photo: Business Wire) "We're pleased to add Chris's skills and experience to our talented Board as we continue to execute on our transformation and growth strategy," said David Wilson, P
Richard Fleming stepping down as Board Chair and retiring from the Board at the end of his current term following 24 years of service Gerald Colella, current independent director, appointed as successor for Chair of the Board Kathryn Roedel, current independent director and immediate past Chair of the Nominating and Governance Committee, appointed to new role as Lead Director Columbus McKinnon Corporation (the "Company")(NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that Richard Fleming has stepped down from his role as Chairman of the Board at the conclusion of the Company's fiscal year which end
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced the appointment of Rebecca Yeung, Corporate VP, Operations Science & Advanced Technology, FedEx Corporation (NYSE:FDX) to its Board of Directors, effective January 9, 2023. The addition of Ms. Yeung as an independent director brings Columbus McKinnon's Board to eleven directors of which ten are independent. Ms. Yeung will serve on the Corporate Governance and Nominations Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230109005834/en/Columbus McKinnon Appoints
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced the appointments to its Board of Directors of Gerald Colella, retired President and CEO and current Chair of MKS Instruments, Inc. and Chad Abraham, Chair and CEO of Piper Sandler. The appointments are effective November 11, 2021. Richard H. Fleming, Chair of the Columbus McKinnon Board of Directors, commented, "We couldn't be more excited about the addition of Jerry and Chad, both experienced CEOs, to our Board of Directors. Jerry's deep industrial technology experience combined with his track record of expanding MKS Instruments
Columbus McKinnon Corporation (NASDAQ:CMCO) (the "Company" or "Columbus McKinnon"), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the appointment of Adrienne Williams as Vice President and Chief Human Resources Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210614005102/en/New CHRO: Adrienne Williams. (Photo: Business Wire) Ms. Williams will assume responsibility for the Company's global human resources function effective today. "Adrienne has extensive experience as a Human Resources executive and will bring expertise in business partnership, employee engageme
Columbus McKinnon Corporation (NASDAQ:CMCO) (the "Company" or "Columbus McKinnon"), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the election of Michael Dastoor, Executive Vice President and Chief Financial Officer of Jabil Inc. (NYSE:JBL), to its Board of Directors, effective May 17, 2021. The addition of Mr. Dastoor as an independent director, brings Columbus McKinnon's Board to nine directors of which eight are independent and two are women. During the last four years, the Board has substantially increased its geographic, experience, skills, age, gender and ethnic diversity. Mr. Dastoor will serve on the Audit Committee and th
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JP Morgan initiated coverage of Columbus McKinnon with a rating of Overweight and set a new price target of $53.00
JP Morgan downgraded Columbus McKinnon from Overweight to Neutral and set a new price target of $37.00
Craig Hallum downgraded Columbus McKinnon from Buy to Hold and set a new price target of $35.00 from $60.00 previously
JP Morgan initiated coverage of Columbus McKinnon with a rating of Overweight and set a new price target of $64.00
Wells Fargo initiated coverage of Columbus McKinnon with a rating of Overweight and set a new price target of $70.00
Barrington Research resumed coverage of Columbus McKinnon with a rating of Outperform and set a new price target of $67.00 from $56.00 previously
DA Davidson upgraded Columbus McKinnon from Neutral to Buy and set a new price target of $60.00 from $39.00 previously
DA Davidson upgraded Columbus McKinnon from Neutral to Buy
Barrington Research reiterated coverage of Columbus McKinnon with a rating of Outperform and set a new price target of $56.00 from $43.00 previously
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