CMCO Stock Recent News

Robotics stocks are one of the most interesting growth categories in the market. With scientific innovation and technology continually emerging, companies are harnessing the power and ease of automation.

Columbus McKinnon's shares have declined about 10% this year, as companies have pulled back on investments in factory and logistics automation in the face of demand uncertainties and inventory corrections. Management continues to execute its streamlining and M&A plans, most recently acquiring monatratec and a stronger presence in asynchronous motion control and growth markets like life sciences and semiconductors. Despite short-term challenges, Columbus McKinnon is expected to benefit from ongoing investments in automation and the reshoring of manufacturing.

Columbus McKinnon Corporation (NASDAQ:CMCO ) Q1 2024 Earnings Call Transcript August 2, 2023 10:00 AM ET Company Participants Deborah Pawlowski - Head of Investor Relations David Wilson - President and CEO Gregory Rustowicz - CFO Conference Call Participants Matt Summerville - D.A. Davidson Lee Jagoda - CJS Securities Steve Ferazani - Sidoti Walter Liptak - Seaport Research Operator Hello, and welcome to the Columbus McKinnon Corporation First Quarter Fiscal Year 2024 Financial Results Conference Call.

Columbus McKinnon (CMCO) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.69 per share a year ago.

Columbus McKinnon offers smart mobility products and expects to benefit from global megatrends like automation and digitalization. CMCO has impressive financial expectations for the year 2027 and is launching new solutions like Intelli-Connect. With a solid balance sheet and expertise in M&A, inorganic growth could lead to significant net sales growth for Columbus.

CHARLOTTE, N.C.--(BUSINESS WIRE)--CMCO Q1 FY24 August 2 @ 10am ET.

BUFFALO, N.Y.--(BUSINESS WIRE)--Columbus McKinnon (Nasdaq: CMCO) to Webcast Fireside Chat at the Wells Fargo Industrials Conference.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Columbus McKinnon Corporation (NASDAQ:CMCO ) Q4 2023 Earnings Conference Call May 25, 2023 10:00 AM ET Company Participants Deborah Pawlowski - Investor Relations David Wilson - President and CEO Greg Rustowicz - Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Pete Lukas - CJS Securities Steve Ferazani - Sidoti Walt Liptak - Seaport Research Operator Greetings.

Columbus McKinnon (CMCO) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.79 per share a year ago.