Columbus McKinnon Corporation - Common Stock (CMCO)
15.95
-0.28 (-1.73%)
Columbus McKinnon Corporation is a leading designer, manufacturer, and marketer of material handling and lifting equipment, which includes hoists, cranes, and other related products
The company serves a variety of industrial sectors, offering innovative solutions that enhance safety, efficiency, and productivity in the movement of materials. With a strong focus on engineering and technology, Columbus McKinnon develops advanced products tailored to meet the specific needs of its customers, while also providing essential services such as training and maintenance. The company is dedicated to fostering a culture of operational excellence and sustainability in the material handling industry.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates),
and the industry has underperformed the market over the past six months as its 2.8% return lagged the S&P 500 by 5.3 percentage points.
Shares of material handling equipment manufacturer Columbus McKinnon (NASDAQCMCO)
fell 41.9% in the afternoon session after the company reported weak third-quarter results, with revenue declining 7.9% y/y, missing expectations. Sluggish short-cycle demand and a struggling European market drove the decline, though price increases provided some cushion. In addition, gross margin slipped to 35.1% from 36.9% a year ago, while adjusted EBITDA fell 8.6%, missing Wall Street's forecasts. The weak growth and margins led to an earnings miss. Looking ahead, the company expects a mid-single-digit percentage revenue decline for fiscal 2025, reflecting ongoing demand softness and policy uncertainty. Overall, this quarter could have been better.
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Material handling equipment manufacturer Columbus McKinnon (NASDAQCMCO) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 7.9% year on year to $234.1 million. Its non-GAAP profit of $0.56 per share was 23.3% below analysts’ consensus estimates.
Material handling equipment manufacturer Columbus McKinnon (NASDAQCMCO)
will be announcing earnings results tomorrow after market hours. Here’s what to look for.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the general industrial machinery industry, including Columbus McKinnon (NASDAQCMCO) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how general industrial machinery stocks fared in Q3, starting with Albany (NYSEAIN).
Let’s dig into the relative performance of Icahn Enterprises (NASDAQIEP) and its peers as we unravel the now-completed Q3 general industrial machinery earnings season.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how general industrial machinery stocks fared in Q3, starting with L.B. Foster (NASDAQFSTR).
Over the past six months, Columbus McKinnon’s shares (currently trading at $39.10) have posted a disappointing 11% loss, well below the S&P 500’s 13% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Material handling equipment manufacturer Columbus McKinnon (NASDAQCMCO) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 6.2% year on year to $242.3 million. Its non-GAAP profit of $0.70 per share wasin line with analysts’ consensus estimates.
Material handling equipment manufacturer Columbus McKinnon (NASDAQCMCO)
will be reporting results tomorrow before market hours. Here’s what investors should know.
