CHARLOTTE, N.C.--(BUSINESS WIRE)--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 2024 third quarter, which ended December 31, 2023. Results include the addition of montratec®, which was acquired on May 31, 2023 ("the acquisition"). Third Quarter Highlights (compared with prior-year period, except where otherwise no ...

Consistent with prior periods, the estimated fair value is based on quoted market prices at the balance sheet dates. The cost of securities sold is based on the specific identification method. Interest and dividend income are included in Investment (income) loss in the Condensed Consolidated Statements of Operations. 15 Refer to the 2023 10-K for information regarding our annual goodwill and indefinite lived trademark impairment evaluation. Future impairment indicators, such as declines in forecasted cash f ...

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 February 20, 2024, to shareholders of record at the close of business on February 9, 2024. Columbus McKinnon has approximately 28.8 million shares of common stock outstand ...

财务数据和关键指标变化 - 第二季度销售额为2.584亿美元,同比增长9.1%,达到指导范围的高端 [20] - 毛利率创纪录达38.7%,较上一季度提升190个基点 [26][27] - 营业利润创纪录达1.329亿美元,同比增长22% [32] - 调整后每股收益0.76美元,同比增长3美分 [33] - 调整后EBITDA利润率创纪录达17.7%,较上年同期提升90个基点 [35] 各条业务线数据和关键指标变化 - 精密输送业务订单同比增长11% [43] - 起重业务订单同比增长7% [43] - 短周期订单同比增长11% [43] - 项目订单有所放缓,但项目订单管线有所改善 [43][44] 各个市场数据和关键指标变化 - 美国市场销售增长3.9%,其中自动化业务强劲,精密输送业务有所下滑 [22][23] - 美国以外市场销售增长23%,其中EMEA地区销量下降约2%,APAC地区销量大增46% [24][25] 公司战略和发展方向及行业竞争 - 公司正在推进战略转型,提升毛利率和盈利能力,目标是到2027财年实现40%以上的毛利率 [15][18] - 公司正在优化产品线、简化工厂布局,提升客户体验,推动持续改进 [16][17] - 公司看好基础设施、国防、自动化、能源等行业的增长机会 [46][47] 管理层对经营环境和未来前景的评论 - 尽管宏观经济和地缘政治存在不确定性,但公司前景仍然看好,受益于参与更多的周期性增长市场和大趋势 [46] - 第三季度销售额预计在2.45亿美元至2.55亿美元之间,全年有望突破10亿美元 [47] - 公司有信心在2024财年实现约150个基点的毛利率提升 [47] - 公司看好订单管线和报价活动,10月份订单同比实现双位数增长 [42][43][44] 问答环节重要的提问和回答 问题1 **Matt Summerville 提问** 询问公司在各主要终端市场的情况,以及项目订单转化放缓的原因 [52][53] **David Wilson 回答** 公司在航空航天、电动车、食品饮料等行业保持良好势头,工业市场整体保持动力。项目订单转化放缓主要受宏观环境影响,但公司管线和报价活动保持活跃 [53][54][55] 问题2 **Jonathan Tanwanteng 提问** 询问公司毛利率增量的可持续性 [62] **David Wilson 回答** 公司认为当前的毛利率水平是可持续的,未来还有进一步提升的空间,全年毛利率有望提升约150个基点 [63][64] 问题3 **Stephen Ferazani 提问** 询问montratec业务的表现以及对公司整体毛利率的影响 [70][71] **David Wilson 和 Gregory Rustowicz 回答** montratec业务表现良好,在本季度为公司毛利率贡献了70个基点。公司看好该业务在美国的发展前景,未来还有进一步的协同机会 [72][73]

In December 2022 the Power One China Subsidiary resumed the proceedings concerning the tax assessments for fiscal years 2002/2003 and 2006 before the Regional Tax Court. A hearing was held before the Regional Tax Court in April 2023 and in May, with two decisions, the court ruled in favor of the Company. These decisions can be appealed through December 2023. In March 2023 the Power One China Subsidiary resumed the proceedings concerning the tax assessments for fiscal years 2004/2005 and 2005/2006 before the ...

Company Participants Conference Call Participants Walter Liptak - Seaport Research Deborah Pawlowski During today's call, we will also discuss some non-GAAP financial measures. We believe these will be useful in evaluating our performance. However, you should not consider the presentation of this additional information -- isolation or as a substitute for results prepared in accordance with GAAP. We have provided a reconciliation of non-GAAP measures with comparable GAAP measures in the tables that accompany ...

公司概况 - 公司是一家全球领先的智能运动解决方案设计、制造和营销公司[127] - 公司的主要产品包括起重机、起重机部件、精密输送机、执行器、吊索工具、轻轨工作站和数字动力和运动控制系统[128] 财务表现 - 公司在2023年6月30日结束的三个月中，净销售额为2.35492亿美元，同比增长6.9%[137] - 净利润在2024财年第一季度为8,664.9万美元，同比增长5.0%[138] - 销售费用占净销售额的比例分别为10.6%和11.9%[139] - 研发费用占净销售额的比例分别为2.5%和2.3%[141] 现金流状况 - 现金、现金等价物和受限现金在2023年6月30日为1.07244亿美元，较2023年3月31日减少2.6182亿美元[150] - 现金流量从经营活动中净使用为1,724.7万美元，主要由于存货增加、应付费用减少和应收账款增加[151] - 投资活动中净现金使用为1.12684亿美元，主要用于购买montratec[153] 商誉情况 - 我们有三个报告单位：Duff Norton报告单位、其余产品报告单位和Precision Conveyance报告单位，截至2023年6月30日，它们的商誉分别为969.9万美元、3.08075亿美元和4.14179亿美元[160] - 目前我们认为，每个报告单位的公允价值不大于其适用的账面价值[161] 影响因素 - 季度结果可能会受到大客户订单的时机、高度集中的假期和假期、法律和解、投资组合中的收益或损失、重组费用、有利或不利的外币翻译、剥离和收购的影响[162]

业绩总结 - 2023财年销售额达到9.368亿美元，同比增长7%[5] - 2023财年毛利率达到36.5%，营运利润达到9780万美元，同比增长33%[5] - 净利润增长63%，达到4840万美元，每股调整后盈利达到2.94美元[5] - 调整后的EBITDA为140.1亿美元，ROIC为7.5%[15] - 自由现金流为63.6百万美元，自由现金流转化率为163%[16] - 净债务杠杆率约为2.2倍，净债务占净总资本的比例为28.9%[17] 未来展望 - 预计Q1 FY24净销售额约为2.35亿至2.4亿美元，继续预计FY24有机增长为低至中个位数[19] - 订单反映了需求的正常化，长期订单支持了未来增长[18] 新产品和新技术研发 - 目标是在2027财年实现15亿美元的营收，并达到约21%的 EBITDA 毛利率[37] 市场扩张和并购 - 美国制造业产能利用率为2023年4月为78.3%[35] - ISM生产指数为2023年4月为48.9%[36]

Conference Call Participants Walt Liptak - Seaport Research Deborah Pawlowski These statements apply to future events that are subject to risks and uncertainties, as well as other factors that could cause actual results to differ materially from what is stated here today. These risks and uncertainties and other factors are provided in the earnings release, as well as with other documents filed by the company with the Securities and Exchange Commission. You can find those documents on our website or at sec.g ...

2023 Annual Report on Form 10-K This Annual Report on Form 10-K (this "Form 10-K") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("the Exchange Act"), and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical or current fact, included in this Form 10 ...