CMCO Stock Recent News

Columbus McKinnon's fiscal Q1 results showed minimal revenue growth, driven by pricing, with slight volume contraction. Gross margin improved, and EBITDA beat modestly, but operating margin was pressured by facility transition costs. Orders declined, reflecting weaker end-market conditions, but short-cycle markets may be nearing the bottom of the cycle, giving CMCO leverage to market recoveries and expansion into new markets. The Street seems to be underrating the value of the company's mix shift toward precision conveyance, automation, and industrial motion, as these are key enabling technologies for factory automation.

Columbus McKinnon Corporation (NASDAQ:CMCO ) Q1 2025 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Kristy Moser - VP, IR David Wilson - President and CEO Greg Rustowicz - CFO Conference Call Participants James Kirby - JPMorgan Chase Matt Summerville - D.A. Davidson Kyle May - Sidoti & Company Jon Tanwanteng - CJS Securities Operator Good morning and welcome to Columbus McKinnon First Quarter Fiscal 2025 Earnings Conference Call.

Columbus McKinnon (CMCO) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.62 per share a year ago.

CHARLOTTE, N.C.--(BUSINESS WIRE)--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.

Right now, growth investors are focused primarily on opportunities in the semiconductors and artificial intelligence stocks space. That's understandable, given how fast technology is advancing in those areas right now.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company), a leading designer and manufacturer of intelligent motion solutions, products and technologies for material handling, today announced the publication of its fourth annual Corporate Sustainability Report. This year, the report provides details on Columbus McKinnon's performance highlights and progress made through fiscal 2024 on key sustainability initiatives. Highlights outlined.

CHARLOTTE, N.C.--(BUSINESS WIRE)--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.

The heavy selling pressure might have exhausted for Columbus McKinnon (CMCO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Columbus McKinnon (CMCO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Columbus McKinnon Corporation (NASDAQ:CMCO ) Q4 2024 Results Conference Call May 29, 2024 10:00 AM ET Company Participants Kristy Moser - Vice President, Investor Relations and Treasurer David Wilson - President and Chief Executive Officer Greg Rustowicz - Chief Financial Officer Conference Call Participants Matt Summerville - D. A. Davidson Stephen Ferazani - Sidoti & Company Jon Tanwanteng - CJS Securities Walter Liptak - Seaport Research Operator Good morning.