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Columbus Mckinnon Corporation  (CMCO)
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Price: $41.5000 $-0.25 -0.599%
Day's High: $42.22 Week Perf: -1.24 %
Day's Low: $ 41.33 30 Day Perf: -5.55 %
Volume (M): 156 52 Wk High: $ 44.08
Volume (M$): $ 6,482 52 Wk Avg: $37.39
Open: $41.61 52 Wk Low: $30.29



 Market Capitalization (Millions $) 1,203
 Shares Outstanding (Millions) 29
 Employees 2,747
 Revenues (TTM) (Millions $) 1,001
 Net Income (TTM) (Millions $) 49
 Cash Flow (TTM) (Millions $) 21
 Capital Exp. (TTM) (Millions $) 19

Columbus Mckinnon Corporation

We are a leading global designer, manufacturer and marketer of hoists, rigging tools, cranes, actuators, and other material handling products serving a wide variety of commercial and industrial end-user markets. Our products are used to efficiently and ergonomically move, lift, position and secure objects and loads. We are the U.S. market leader in hoists, our principal line of products, as well as certain chain, forged fittings, and actuator products which we believe provides us with a strategic advantage in selling other products. We have achieved this leadership position through strategic acquisitions, our extensive, diverse and well-established distribution channels and our commitment to product innovation and quality. We have one of the most comprehensive product offerings in the industry and we believe we have more overhead hoists in use in North America than all of our competitors combined. Additionally, we believe we are the market leader of manual hoist and actuator products in Europe, which provides us further opportunity to sell other products through our existing distribution channels in that region. Our products are sold globally and our brand names, including CM, Coffing, Chester, Duff-Norton, Pfaff, Shaw-Box, Unified, STB, and Yale, are among the most recognized and well-respected in the marketplace.

We participate predominantly in the hoist, crane, and monorail sector. We believe that the demand for our products and services will be aided by several growth drivers. These drivers include:

Productivity - We believe businesses respond to competitive pressures by seeking to maximize productivity and efficiency, among other actions. Our hoists and other lifting and positioning products allow loads to be lifted and placed quickly, precisely, with little effort and fewer people, thereby increasing productivity and reducing cycle time. Further, emphasis on “Lean” techniques by many companies increases demand for our lifting and positioning products for use in single-piece flow workstation applications.

Safety - Driven by workplace safety regulations such as the Occupational Safety and Health Act (OSHA) and the Americans with Disabilities Act in the U.S. and other safety regulations around the world, and by the general competitive need to reduce costs such as health insurance premiums and workers’ compensation expenses, businesses seek safer ways to lift and position loads. Our lifting and positioning products enable these tasks to be performed with reduced risk of personal injury.

Consolidation of Suppliers - In an effort to reduce costs and increase productivity, our channel partners and end-user customers are increasingly consolidating their suppliers. We believe that our broad product offering combined with our well established brand names will enable us to benefit from this consolidation and enhance our market share.

We design, manufacture and distribute a broad range of material handling products for various applications. Products include a wide variety of electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems such as steel bridge, gantry and jib cranes and aluminum work station cranes ; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders. These products are typically manufactured for stock or assembled to order from standard components and are sold primarily through a variety of commercial distributors and to a lesser extent, directly to end-users. The diverse end-users of our products are in a variety of industries including manufacturing, power generation and distribution, utilities, wind power, warehouses, commercial construction, oil and gas exploration and refining, petrochemical, marine, ship building, transportation and heavy duty trucking, agriculture, logging and mining. We also serve a niche market for the entertainment industry including permanent and traveling concerts, live theater and sporting venues.

Hoists - We manufacture a wide variety of electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools and air-powered hoists. Load capacities for our hoist product lines range from one-eighth of a ton to 80 tons. These products are sold under our Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale and other recognized brands. Our hoists are sold for use in numerous general industrial applications, as well as for use in the construction, energy, mining, food services, entertainment and other markets. We also supply hoist trolleys, driven manually or by electric motors, that are used in conjunction with hoists.

We also offer several lines of standard and custom-designed, below-the-hook tooling, clamps, and textile strappings. Below-the-hook tooling, textile and chain slings and associated forgings, and clamps are specialized lifting apparatus used in a variety of lifting activities performed in conjunction with hoisting or lifting applications.

Chain and Rigging Tools - We manufacture alloy and carbon steel chain for various industrial and consumer applications. U.S. federal regulations require the use of alloy chain, which we first developed, for overhead lifting applications because of its strength and wear characteristics. A line of our alloy chain is sold under the Herc-AlloyTM brand name for use in overhead lifting, pulling and restraining applications. In addition, we also sell specialized load chain for use in hoists, as well as three grades and multiple sizes of carbon steel welded-link chain for various load securing and other non-overhead lifting applications.

We produce a broad line of alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, HammerloksTM, and master links. These forged attachments are used in chain, wire rope and textile rigging applications in a variety of industries, including transportation, mining, construction, marine, logging, petrochemical and agriculture.

Our recent acquisition of Stahlhammer Bommern GmbH (STB) expands our rigging tool offering by adding a variety of eye, shank and ramshorn lifting hooks and deepens our exposure to targeted global vertical markets, such as Oil & Gas, Mining, Construction and Heavy Equipment industries. We plan to further extend STB’s product reach through our established global sales and distribution network.

In addition, we manufacture carbon steel forged and stamped products, such as load binders, logging tools and other securing devices, for sale to the industrial and logging markets through industrial distributors, hardware distributors, mass merchandiser outlets and OEMs.

Industrial Cranes - We participate in the U.S. crane manufacturing and servicing markets through our offering of overhead bridge, jib and gantry cranes. Our products are sold under the CES, Abell-Howe and Washington Equipment brands. Crane builders represent a specific distribution channel for electric wire rope hoists, chain hoists and other crane components.

Actuators and Rotary Unions - Through our Duff-Norton and Pfaff divisions, we design and manufacture industrial components such as mechanical and electromechanical actuators and rotary unions. Actuators are linear motion devices used in a variety of industries, including the transportation, paper, steel, energy, aerospace and many other commercial industries. Rotary unions are devices that transfer a liquid or gas from a fixed pipe or hose to a rotating drum, cylinder or other device. Rotary unions are used in a variety of industries including pulp and paper, printing, textile and fabric manufacturing, rubber and plastic.

Overhead light rail workstations - With our acquisition of Unified Industries, Inc in the prior year, we manufacture and market overhead aluminum light rail workstations primarily used in automotive and other industrial applications. Our products are sold under the Unified brand name.

Other - This category primarily includes tire shredders. We have developed and patented a line of heavy equipment that shred whole tires, for use in recycling the various components of a tire including: rubber and steel. These recycled products also can be used as aggregate, playgrounds, sports surfaces, landscaping and other such applications, as well as scrap steel.



   Company Address: 13320 Ballantyne Corporate Place, Suite D Charlotte 28277 NC
   Company Phone Number: 689-5400   Stock Exchange / Ticker: NASDAQ CMCO
   


Customers Net Income fell by CMCO's Customers Net Profit Margin fell to

-44.68 %

6.03 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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MMM        6.16% 
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Columbus Mckinnon Corporation

Columbus McKinnon Corporation Displays Exceptional Performance Amidst Industry Challenges in Q4 2023



The Construction & Mining Machinery industry has faced its fair share of challenges in recent times, with declining earnings per share (EPS) becoming a significant concern. However, Columbus McKinnon Corporation (CMCO) has managed to stand out from its peers by delivering solid financial results and exhibiting remarkable resilience amidst an ever-changing market landscape. In this article, we will delve into the latest financial data from CMCO and highlight some interesting facts that showcase the company's growth potential.
Earnings and Revenue Analysis
In the financial quarter ending December 31, 2023, CMCO experienced a decline in EPS by -19.05% to $0.34 per share. However, the company witnessed a substantial revenue increase of 10.213%, reaching $253.90 million compared to the same quarter of the previous year. While the Construction & Mining Machinery industry recorded a revenue improvement of 1.59% during the same period, CMCO outperformed its industry peers.

Columbus Mckinnon Corporation

Columbus McKinnon Corporation Achieves Stellar Revenue Growth in Second Quarter of 2023 Earnings Season2.

Columbus McKinnon Corporation (CMCO) has reported impressive financial results during the second quarter of 2023 earnings season, indicating a bullish trend for the company. With revenue of $257.98 million and earnings per share of $0.55, CMCO has demonstrated steady growth and outperformed its sector contemporaries in the Construction & Mining Machinery industry.
The company's revenue growth of 11.321% year on year showcases CMCO's ability to adapt and capitalize on market opportunities. In comparison to the industry average revenue advance of 11.32% during the same period, CMCO has clearly demonstrated its strength in generating top-line growth.
Furthermore, CMCO's earnings per share grew by 12.24% from the previous reporting period, indicating efficient operational management and profitability. This substantial growth in earnings per share is a positive sign for investors and points towards the company's ability to deliver sustainable profits.

Columbus Mckinnon Corporation

Columbus McKinnon Corporation Reports Significant Revenue and EPS Growth in Q2 2023, Outperforming Prior Year Figures

Columbus McKinnon Corporation (CMCO) Announces Strong Jun 30th 2023 Report, but Stock Performance Raises Questions
Columbus McKinnon Corporation (CMCO) has recently released its financial performance report for the fiscal period ending Jun 30th, 2023. Despite facing some challenges, the company witnessed significant growth in revenue and income. However, the recent decline in stock performance and the gap from its 52-week high have raised concerns among investors about the future outlook for the company.
According to the report, CMCO's revenue grew by an impressive 6.902% to $235.49 million, compared to $220.29 million in the previous year. This growth is a positive sign for the company, indicating increased demand and potential for continued success. Additionally, income increased by 10.34% to $0.32 per share, up from $0.29 in the prior year financial reporting period.

Columbus Mckinnon Corp

Columbus Mckinnon Corp Reports Modest 0.187% Revenue Increase for Q1 2023, Accompanied by Double-Digit Income Growth

The financial results of Columbus McKinnon Corp (CMCO) in the most recent fiscal period have undoubtedly been impressive. Despite moderate revenue growth of just 0.187%, CMCO managed to achieve an 18.55% increase in income, which translates to a significant improvement in profit margins. Furthermore, the company's net profits increased by 17.5% from the previous fiscal period.
The construction and mining machinery company also reported a 61.54% increase in earnings per share (EPS) to $1.68 per share from the prior financial period. CMCO's revenue also grew by 3.27% from $906.56 million a year prior.
This remarkable financial achievement is particularly noteworthy in the current challenging business environment. CMCO's double-digit income improvement is a clear reflection of the company's resilience and ability to adapt to market situations.
The fact that CMCO's net margin rose to 5.47% and operating margin improved to 10.82% is also encouraging news for investors. This implies that the company is operating more efficiently and is well-positioned to continue generating higher profits in the coming periods.
However, there are some concerns to be addressed. While CMCO's revenue advanced by 10.189% from $230.37 million in the previous financial reporting period, the growth rate slowed down to just 0.187% in the most recently reported period. This lower growth rate could suggest that the company is experiencing some market saturation or intense competition.
Analysts have also pointed out that the company's operating earnings only improved by 14.19% to $27.473 million, which is not as significant compared to the increase in EPS and net profits. This could suggest that the company's expenses have been increasing, which could negatively affect its future profitabilityLooking ahead, it will be interesting to see how CMCO will perform in the next reported financial period. The company is expected to report its next financial results on July 27, 2023. Based on the current financial results, CMCO appears to be a well-managed company that is investing in growth opportunities. However, to maintain its current solid financial performance, CMCO will need to continue to monitor its expenses and focus on growing its revenue.






 

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