Moody's Ratings (Moody's) placed the ratings of Columbus McKinnon Corporation ("Columbus McKinnon") on review for downgrade, including the Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating, and the Ba2 senior secured first lien bank credit facility ratings. The outlook, previou...
A director at Columbus Mckinnon Corp bought 31,300 shares at 32.018USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (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 first quarter, which ended June 30, 2024. First Quarter 2025 Highlights (compared with prior-year period, except where otherwise noted) Net sales increased 2% to $239.7 million with strength in precision conveyance Backlog increased 4% from the prior quarter with book-to-bill ratio of 1.05x Gross margin increased 30 bps to 37.1%; Adjust...
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (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 outstanding. About Columbus McKinnon Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intel...
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its first quarter fiscal 2025 results before the markets open on Wednesday, July 31, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference call will be available via live webcast on Columbus McKinnon’s Investor Relations webpage, or via phone at 201-493-6780. A re...
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (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 in this year’s report include: Progress on the Company’s ESG initiatives, including energy, operational efficiency and wast...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (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 least through June 25, 2024. About Columbus McKinnon Columbus McKinnon is a leading worldwide designer, manufacturer and m...
Moody's Ratings (Moody's) affirmed the ratings of Columbus McKinnon Corporation ("Columbus McKinnon"), including the Ba3 corporate family rating ("CFR"), the Ba3-PD probability of default rating ("PDR"), and the Ba2 ratings on the company's senior secured first lien bank credit facilities. The SGL-...
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its full year and fourth quarter fiscal 2024, which ended March 31, 2024. Results include the addition of montratec®, which was acquired on May 31, 2023 ("the acquisition"). Fiscal Year 2024 Highlights (compared with prior year period) Record net sales of $1.0 billion, up 8% driven by growth across all geographies including the acquisition of montratec Gross margin up 50 basis points to 37.0%; Adju...
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its fourth quarter and full year fiscal 2024 results before the markets open on Wednesday, May 29, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to review the financial and operating results for the period and discuss its corporate strategy and outlook. The conference call will be available via live webcast on Columbus McKinnon’s Investor Relations webpage, or via phone at 201-49...
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (Nasdaq: CMCO)(“Company” “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions, products and technologies for material handling, and Milwaukee Tool, a global leader in delivering innovative solutions to the professional construction trades, today announced the joint development of a first-of-its-kind battery hoist. Combining Columbus McKinnon’s industry-leading hoist design with Milwaukee Tool’s expertise in lithium-ion battery and brushless motor technology, the innovative BatteryStar™ hoist provides the lifting strength ...
CHARLOTTE, N.C.--(BUSINESS WIRE)-- (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), today announced that it successfully completed the repricing of its $497.6 million senior secured Term Loan B (“TLB”). The repricing is net leverage neutral and reduces the interest rate margin applicable to the TLB by 25 basis points to SOFR plus 2.50% from SOFR plus 2.75% and, with respect to the TLB, removes the credit spread adjustment, which was previously 26 basis points for an interest period of three months. The Company estimates the TLB repricing will produce annualized cash interest expense sav...
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