Columbus McKinnon Earnings Calls

Q4 2024 Missed
$0.560 (-24.32%)
Release date Feb 10, 2025
EPS estimate $0.740
EPS actual $0.560
EPS Surprise -24.32%
Revenue estimate 257.48M
Revenue actual 234.138M
Revenue Surprise -9.07%
Q3 2024 Beat
$0.700 (1.45%)
Release date Oct 30, 2024
EPS estimate $0.690
EPS actual $0.700
EPS Surprise 1.45%
Revenue estimate 248.74M
Revenue actual 242.274M
Revenue Surprise -2.60%
Q2 2024
Release date Jul 31, 2024
EPS estimate $0.620
EPS actual $0.620
Revenue estimate 241.25M
Revenue actual 239.726M
Revenue Surprise -0.632%
Q1 2024 Missed
$0.750 (-10.71%)
Release date May 29, 2024
EPS estimate $0.84
EPS actual $0.750
EPS Surprise -10.71%
Revenue estimate 267.35M
Revenue actual 265.504M
Revenue Surprise -0.690%

Last 4 Quarters for Columbus McKinnon

Below you can see how CMCO performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Missed
Release date May 29, 2024
Fiscal end date Mar 31, 2024
Price on release $40.65
EPS estimate $0.84
EPS actual $0.750
EPS surprise -10.71%
Date Price
May 22, 2024 $44.94
May 23, 2024 $44.51
May 24, 2024 $44.90
May 28, 2024 $43.93
May 29, 2024 $40.65
May 30, 2024 $39.49
May 31, 2024 $39.10
Jun 03, 2024 $37.21
Jun 04, 2024 $37.06
4 days before -9.55%
4 days after -8.83%
On release day -2.85%
Change in period -17.53%
Q2 2024
Release date Jul 31, 2024
Fiscal end date Jun 30, 2024
Price on release $38.16
EPS estimate $0.620
EPS actual $0.620
Date Price
Jul 25, 2024 $38.60
Jul 26, 2024 $39.41
Jul 29, 2024 $39.30
Jul 30, 2024 $39.26
Jul 31, 2024 $38.16
Aug 01, 2024 $36.87
Aug 02, 2024 $35.62
Aug 05, 2024 $33.73
Aug 06, 2024 $33.60
4 days before -1.14%
4 days after -11.95%
On release day -3.38%
Change in period -12.95%
Q3 2024 Beat
Release date Oct 30, 2024
Fiscal end date Sep 30, 2024
Price on release $32.13
EPS estimate $0.690
EPS actual $0.700
EPS surprise 1.45%
Date Price
Oct 24, 2024 $32.58
Oct 25, 2024 $32.44
Oct 28, 2024 $32.89
Oct 29, 2024 $32.24
Oct 30, 2024 $32.13
Oct 31, 2024 $31.81
Nov 01, 2024 $31.96
Nov 04, 2024 $31.42
Nov 05, 2024 $33.63
4 days before -1.38%
4 days after 4.67%
On release day -1.00%
Change in period 3.22%
Q4 2024 Missed
Release date Feb 10, 2025
Fiscal end date Dec 31, 2024
Price on release $35.48
EPS estimate $0.740
EPS actual $0.560
EPS surprise -24.32%
Date Price
Feb 04, 2025 $35.42
Feb 05, 2025 $34.82
Feb 06, 2025 $34.74
Feb 07, 2025 $34.25
Feb 10, 2025 $35.48
Feb 11, 2025 $20.87
Feb 12, 2025 $19.84
Feb 13, 2025 $20.50
Feb 14, 2025 $20.48
4 days before 0.169%
4 days after -42.28%
On release day -41.18%
Change in period -42.18%

Columbus McKinnon Earnings Call Transcript Summary of Q4 2024

Adjusted gross margin for the quarter was 36.6%, up 70 basis points year-over-year.

Operational Improvements

  • Supply Chain Efficiency: Improved on-time delivery by 12% and reduced past due backlog by 73%, which positively affected customer experience and satisfaction.
  • Expansion of Product Lines: Experienced growth across all business areas, including:
    • Automation
    • Precision conveyance
    • Lifting
    • Linear motion
  • Acquisition Integration: The integration of Montratec contributed positively in terms of sales and underscored the potential for growth in new markets.

Order Trends

  • Order Growth: Orders increased by 5% in the fourth quarter and 3% on an organic basis, with particular strength in precision conveyance and lifting orders.
  • Future Outlook: The company anticipates low single-digit sales growth and mid to high single-digit adjusted EPS growth for fiscal 2025. Management expresses a cautious yet optimistic outlook due to macroeconomic conditions.

Financial Guidance and Strategy

  • Debt Management: The net leverage ratio stands at 2.4x, with plans to reduce it to approximately 2x by the end of fiscal year 2025 through ongoing debt repayment.
  • Investments in Growth: Anticipated capital expenditures between $20-$30 million, reflecting ongoing investments in operational efficiency and the new footprints in Mexico and Germany.

Risks and Considerations

  • Macro-Economic Headwinds: The management emphasized caution in their guidance, citing uncertainties related to sustained high interest rates, inflation risks, and a volatile geopolitical landscape impacting demand patterns.

Long-Term Strategy

Columbus McKinnon is focused on enhancing customer experience, operational excellence, and leveraging scale to drive future growth and profitability. They aim to achieve a gross margin goal of 40% over the next several years.

Conclusion

Despite a record fiscal 2024 and positive operational trends, Columbus McKinnon is taking a prudent approach in its outlook for fiscal 2025 due to potential macroeconomic challenges. Investors may want to monitor ongoing operational improvements, debt reduction efforts, and the integration of acquired businesses as indicators of long-term growth potential.

Columbus McKinnon Earnings History

Earnings Calendar

FAQ

When is the earnings report for CMCO?
Columbus McKinnon Corporation (CMCO) has scheduled its earnings report for May 27, 2025 before the markets open.

What is the CMCO price-to-earnings (P/E) ratio?
CMCO P/E ratio as of Feb 14, 2025 (TTM) is 60.72.

What is the CMCO EPS forecast?
The forecasted EPS (Earnings Per Share) for Columbus McKinnon Corporation (CMCO) for the first fiscal quarter 2025 is $.

What are Columbus McKinnon Corporation's retained earnings?
On its balance sheet, Columbus McKinnon Corporation reported retained earnings of $234.14 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT COLUMBUS MCKINNON CORPORATION
Columbus McKinnon
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well a...
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