Business combination materially improves scale and product scope, advancing Columbus McKinnon's strategy as the holistic provider of intelligent motion solutions in materials handling Complementary portfolio enhances strategic positioning in attractive verticals and target geographies, delivering an even stronger portfolio of products Transaction valued at approximately $2.7 billion at a ~8x TTM Adjusted EBITDA multiple post-synergies Expected to create ~$70 million in annual net cost synergies, improving Adjusted EBITDA Margins1 to greater than 23% and is expected to more than double revenue and triple Adjusted EBITDA1 on a pro-forma combined basis Significant combined cashflow generation expected to enable de-leveraging to Net Leverage Ratio1 of approximately 3.0x within two years post-closing2 The transaction is expected to be funded with $2.6 billion in committed debt financing and an $0.8 billion perpetual convertible preferred equity investment from CD&R CHARLOTTE, N.C. , Feb. 10, 2025 /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 a definitive agreement under which Columbus McKinnon will acquire Kito Crosby Limited ("Kito Crosby") from funds managed by leading global investment firm KKR in an all-cash transaction valued at $2.7 billion subject to customary post-closing purchase price adjustments.
CHARLOTTE, N.C. , Feb. 10, 2025 /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 third quarter, which ended December 31, 2024.
CHARLOTTE, N.C., Jan. 28, 2025 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its third quarter fiscal 2025 results after the markets close on Monday, February 10, 2025.
Successful investing requires a long-term focus, even if it means being on the wrong side of a trade temporarily, as with Columbus McKinnon Corporation. Despite recent declines in revenue and profitability, Columbus McKinnon remains a 'buy' due to management's commitment to long-term growth and appealing share prices. Management's strategy includes organic and inorganic growth, cost-cutting, and productivity improvements, aiming for significant revenue and EBITDA margin increases by the 2027 fiscal year.
CHARLOTTE, N.C. , Jan. 21, 2025 /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.
BatteryStar™ Hoist Further Strengthens Columbus McKinnon's Position as a Leader in Intelligent Lifting Technology CHARLOTTE, N.C. , Dec. 10, 2024 /PRNewswire/ -- 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, is pleased to announce that its new BatteryStar™ Battery-Powered Chain Hoist was named 2024 'Product of the Year' in the Overhead Handling category by Material Handling Product News.
Columbus McKinnon Corporation (NASDAQ:CMCO ) Q2 2025 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Kristine Moser - Vice President-Investor Relations & Treasurer David Wilson - President & Chief Executive Officer Greg Rustowicz - Chief Financial Officer Conference Call Participants Charlie Strauzer - CJS Securities Matt Summerville - D.A. Davidson Steve Ferazani - Sidoti Walt Liptak - Seaport Research James Kirby - JPMorgan Steve Ferazani - Sidoti Operator Good morning, and welcome to Columbus McKinnon's Second Quarter Fiscal 2025 Earnings Conference Call.
Columbus McKinnon (CMCO) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.76 per share a year ago.
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 related to Hurricane Helene, the ramp up of linear motion production in Monterrey, MX and project timing Results included $17.5 million 2 of non-cash pension settlement expense and $11.8 million 2 for factory closure and start-up costs as we transitioned manufacturing to our Monterrey, MX facility GAAP EPS of ($0.52) and Adjusted EPS1 of $0.70 Repaid $10 million of debt in Q2 FY25; Anticipate FY25 debt repayment of $60 million Executed $4.9 million of share repurchases in Q2 FY25 and $5.0 million in early Q3 FY25 "Our commercial and operational initiatives are delivering wins with new and existing customers in attractive vertical markets and we delivered one of our highest order quarters in history with 16% order growth and a book-to-bill ratio of 1.08x in Q2.
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.