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Articles from Columbus McKinnon Corporation

Columbus McKinnon Reports Continued Sales Growth and Gross Margin Expansion in Q1 FY25; Reaffirms FY25 Guidance
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 first quarter, which ended June 30, 2024.
By Columbus McKinnon Corporation · Via Business Wire · July 31, 2024
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
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.
By Columbus McKinnon Corporation · Via Business Wire · July 22, 2024
Columbus McKinnon to Host First Quarter Fiscal 2025 Earnings Conference Call on July 31, 2024
Columbus McKinnon Corporation (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.
By Columbus McKinnon Corporation · Via Business Wire · July 17, 2024
Columbus McKinnon Publishes Fourth Annual Corporate Sustainability Report
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, 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.
By Columbus McKinnon Corporation · Via Business Wire · June 17, 2024
Columbus McKinnon to Present at the Wells Fargo 2024 Industrials Conference
Columbus McKinnon Corporation (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.
By Columbus McKinnon Corporation · Via Business Wire · June 10, 2024
Columbus McKinnon Reports Record Net Sales, Gross Margin and Operating Income in Fiscal 2024
Columbus McKinnon Corporation (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").
Columbus McKinnon to Host Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call on May 29, 2024
Columbus McKinnon Corporation (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.
Columbus McKinnon and Milwaukee Tool Announce Development of First-of-Its Kind Battery-Powered Chain Hoist Combining Industry-Leading Hoist and Battery Technology
Columbus McKinnon Corporation (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 and speed of an electric chain hoist and the portability of a manual hoist without the need for time-consuming manual operation or access to a power source.
By Columbus McKinnon Corporation · Via Business Wire · March 20, 2024
Columbus McKinnon Announces Successful Completion of Term Loan B Repricing
Columbus McKinnon Corporation (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 savings of approximately $2.5 million. Fees and expenses related to the repricing were approximately $1.1 million.
By Columbus McKinnon Corporation · Via Business Wire · March 19, 2024
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
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.
By Columbus McKinnon Corporation · Via Business Wire · March 18, 2024
Columbus McKinnon Announces Appointment of Chris Stephens Jr. to Board of Directors
Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), today announced the appointment of Chris J. Stephens Jr. to its Board of Directors effective immediately. Stephens will also serve as a member of the Audit Committee and Human Capital, Compensation and Succession Committee leveraging his 35 years of experience in financial and operational leadership.
By Columbus McKinnon Corporation · Via Business Wire · March 18, 2024
Columbus McKinnon Reports 33% Operating Income Growth on 10% Net Sales Growth for Third Quarter Fiscal Year 2024
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").
By Columbus McKinnon Corporation · Via Business Wire · January 31, 2024
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
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.
By Columbus McKinnon Corporation · Via Business Wire · January 22, 2024
Columbus McKinnon to Host Third Quarter Fiscal 2024 Earnings Conference Call on January 31, 2024
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will release its third quarter fiscal 2024 results before the markets open on Wednesday, January 31, 2024.
By Columbus McKinnon Corporation · Via Business Wire · January 17, 2024
Columbus McKinnon Announces Kristine Moser as Vice President, Investor Relations and Treasurer
Columbus McKinnon Corporation (Nasdaq: CMCO)(“Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today named Kristine Moser as Vice President, Investor Relations and Treasurer. In her role, Mrs. Moser will report to Gregory P. Rustowicz, Executive Vice President and Chief Financial Officer, and will be responsible for capital markets activity and building and maintaining communications with investors and analysts regarding the Company’s business model, long term strategy, governance and financial performance. Kristy will also have responsibility for Columbus McKinnon’s treasury operations.
By Columbus McKinnon Corporation · Via Business Wire · January 2, 2024
Columbus McKinnon to Webcast Presentation at Sidoti Small Cap Conference
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that Greg Rustowicz, Executive Vice President and Chief Financial Officer, will host a presentation at the Sidoti Small Cap Conference on Thursday, December 7, 2023.
By Columbus McKinnon Corporation · Via Business Wire · November 30, 2023
Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2024 second quarter, which ended September 30, 2023. Results include the addition of montratec®, which was acquired on May 31, 2023 ("the acquisition").
By Columbus McKinnon Corporation · Via Business Wire · November 1, 2023
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
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.
By Columbus McKinnon Corporation · Via Business Wire · October 23, 2023
Columbus McKinnon Announces Second Quarter Fiscal 2024 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced today that it will release its second quarter fiscal 2024 results before the markets open on Wednesday, November 1, 2023.
By Columbus McKinnon Corporation · Via Business Wire · October 18, 2023
Columbus McKinnon Board Member, Jeanne Beliveau-Dunn, Recognized as NACD Directorship 100™ Honoree
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced today the selection of Jeanne Beliveau-Dunn, a Board member since March 2020, to the National Association of Corporate Directors (NACD) 2023 NACD Directorship 100™, which honors the most influential leaders in corporate governance.
By Columbus McKinnon Corporation · Via Business Wire · September 21, 2023
Columbus McKinnon Sales Increased 7% for First Quarter Fiscal Year 2024
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2024 first quarter, which ended June 30, 2023. Results include the addition of montratec®, which was acquired on May 31, 2023 (“the acquisition”).
By Columbus McKinnon Corporation · Via Business Wire · August 2, 2023
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
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.
By Columbus McKinnon Corporation · Via Business Wire · July 24, 2023
Columbus McKinnon Announces First Quarter Fiscal 2024 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that it will release its first quarter fiscal 2024 results before the markets open on Wednesday, August 2, 2023.
By Columbus McKinnon Corporation · Via Business Wire · July 19, 2023
Columbus McKinnon Continues to Advance Leading Governance Structure with Changes in Bylaws
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that on July 11, 2023, the Board of Directors (the “Board”) approved and adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day. The Amended and Restated Bylaws designate any state court located in the State of New York (a “New York Court”) (or, in the event that a New York Court does not have jurisdiction, a federal district court in the State of New York) as the exclusive forum for certain legal actions involving the Company unless the Company selects or consents to the selection of an alternative forum.
By Columbus McKinnon Corporation · Via Business Wire · July 13, 2023
Columbus McKinnon Successfully Completes Planned Refinancing
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that it amended and expanded its Credit Agreement to increase its Term Loan B borrowings by an additional $75 million under the agreement (“Incremental Term Loan B”). Following the amendment, total borrowings under the Term Loan B, which matures in May 2028, are approximately $537.6 million.
By Columbus McKinnon Corporation · Via Business Wire · June 26, 2023
Columbus McKinnon Publishes Third Annual Corporate Sustainability Report
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the publication of its third annual Corporate Sustainability (CSR) Report. This 2023 report details key initiatives in the areas of environmental sustainability, social impact, and governance responsibility, further illustrating Columbus McKinnon’s resilience and agility in delivering for its customers, while conducting business in a responsible manner.
By Columbus McKinnon Corporation · Via Business Wire · June 12, 2023
Columbus McKinnon to Webcast Fireside Chat at the Wells Fargo Industrials Conference
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that David J. Wilson, President and CEO of Columbus McKinnon, and Greg Rustowicz, Executive Vice President Finance and Chief Financial Officer, will take part in a fireside chat at the Wells Fargo Industrials Conference on Tuesday, June 13, 2023.
Columbus McKinnon Closes Acquisition of montratec® GmbH
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that it has closed the previously announced acquisition of montratec® GmbH, a leading automation solutions company that designs and develops intelligent automation and transport systems for interlinking industrial production and logistics processes. The Company has acquired montratec in an all-cash transaction for approximately $110 million at current exchange rates. The acquisition includes an earnout in an amount expected not to exceed $14 million based on future EBITDA performance of montratec.
Columbus McKinnon Reports Record Sales of $253.8 Million and Delivers Record Operating Income for Fourth Quarter Fiscal 2023
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2023 fourth quarter, which ended March 31, 2023.
Columbus McKinnon Announces Fourth Quarter and Full Year Fiscal 2023 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that it will release its fourth quarter and full year fiscal 2023 results before the markets open on Thursday, May 25, 2023.
Columbus McKinnon to Acquire montratec® GmbH Expanding Precision Conveyance Platform
Columbus McKinnon Corporation (the “Company”)(Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that the Company has executed a definitive agreement to acquire montratec® GmbH, a leading automation solutions company that designs and develops intelligent automation and transport systems for interlinking industrial production and logistics processes. montratec provides its modular, intelligent monorail transport systems for the electric vehicle (EV), semiconductor, electronics, life sciences, aerospace and other industries.
By Columbus McKinnon Corporation · Via Business Wire · April 26, 2023
Columbus McKinnon Announces Leadership Transition for Board of Directors
Columbus McKinnon Corporation (the “Company”)(Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that Richard Fleming has stepped down from his role as Chairman of the Board at the conclusion of the Company’s fiscal year which ended on March 31, 2023. He will retire from the Board at the end of his term at the 2023 annual meeting of shareholders in July. Mr. Fleming, who has reached the mandatory retirement age as defined in the Board’s Corporate Governance Policy, joined the Board in March of 1999 and has served as the Chair since July of 2018.
By Columbus McKinnon Corporation · Via Business Wire · April 3, 2023
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
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.
By Columbus McKinnon Corporation · Via Business Wire · March 20, 2023
Columbus McKinnon to Webcast Presentation at Sidoti Small Cap Conference
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that Greg Rustowicz, Executive Vice President and Chief Financial Officer, will host a presentation at the Sidoti Small Cap Conference on Wednesday, March 22, 2023.
By Columbus McKinnon Corporation · Via Business Wire · March 15, 2023
Columbus McKinnon Operating Income Increased 32% on 7% Sales Growth in Third Quarter Fiscal Year 2023
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2023 third quarter, which ended December 31, 2022. Results include the addition of Garvey Corporation, which was acquired on December 1, 2021.
By Columbus McKinnon Corporation · Via Business Wire · February 1, 2023
Columbus McKinnon Announces Liam McCarthy’s Retirement from Board of Directors
Columbus McKinnon Corporation (the “Company”) (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that Liam McCarthy has retired as a member of its Board of Directors (the “Board”) effective January 21, 2023, for family and personal reasons.
By Columbus McKinnon Corporation · Via Business Wire · January 26, 2023
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
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.
By Columbus McKinnon Corporation · Via Business Wire · January 23, 2023
Columbus McKinnon Announces Third Quarter Fiscal 2023 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that it will release its third quarter fiscal year 2023 results before the markets open on Wednesday, February 1, 2023.
By Columbus McKinnon Corporation · Via Business Wire · January 18, 2023
Columbus McKinnon Appoints Rebecca Yeung to Board of Directors
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced the appointment of Rebecca Yeung, Corporate VP, Operations Science & Advanced Technology, FedEx Corporation (NYSEFDX) to its Board of Directors, effective January 9, 2023. The addition of Ms. Yeung as an independent director brings Columbus McKinnon's Board to eleven directors of which ten are independent. Ms. Yeung will serve on the Corporate Governance and Nominations Committee.
By Columbus McKinnon Corporation · Via Business Wire · January 9, 2023
Columbus McKinnon Reports Record Operating Income for Second Quarter Fiscal Year 2023
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2023 second quarter, which ended September 30, 2022. Results include the addition of Garvey Corporation, which was acquired on December 1, 2021.
By Columbus McKinnon Corporation · Via Business Wire · October 27, 2022
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.
By Columbus McKinnon Corporation · Via Business Wire · October 17, 2022
Columbus McKinnon Announces Second Quarter Fiscal 2023 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced that it will release its second quarter fiscal year 2023 results before the markets open on Thursday, October 27, 2022.
By Columbus McKinnon Corporation · Via Business Wire · October 13, 2022
Columbus McKinnon Reports Record Gross Margin of 37.5% for First Quarter Fiscal Year 2023
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2023 first quarter, which ended June 30, 2022. Results include the addition of Garvey Corporation, which was acquired on December 1, 2021.
By Columbus McKinnon Corporation · Via Business Wire · July 28, 2022
Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.
By Columbus McKinnon Corporation · Via Business Wire · July 18, 2022
Columbus McKinnon Announces First Quarter Fiscal 2023 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced that it will release its first quarter fiscal year 2023 results before the markets open on Thursday, July 28, 2022.
By Columbus McKinnon Corporation · Via Business Wire · July 14, 2022
Columbus McKinnon to Provide Update on Strategy and Long-Term Financial Goals at 2022 Investor Day
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will host its previously announced hybrid investor day, Unlocking the Potential of CMCO: Moving Beyond the Blueprint today beginning at 9:00 am ET. The Columbus McKinnon leadership team will discuss the Company’s strategy, its transformation into a top-tier intelligent motion solutions company and its new five-year financial targets.
By Columbus McKinnon Corporation · Via Business Wire · June 23, 2022
Columbus McKinnon’s Kathryn V. Roedel to be Honored at 2022 NACD Directorship Awards Gala as NACD Directorship 100™ Honoree
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced today that Kathryn V. Roedel, a Board member since October 2017, has been recognized by the National Association of Corporate Directors (NACD) in its Directorship 100™ which honors the most influential peer-nominated leaders in the boardroom and corporate governance community.
By Columbus McKinnon Corporation · Via Business Wire · June 22, 2022
Columbus McKinnon to Host an Investor and Analyst Day
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that it will host an Investor and Analyst Day entitled, “Unlocking the Potential of CMCO: Advancing Beyond the Blueprint Strategy” on June 23, 2022 in Charlotte, North Carolina. The event will begin at 9:00 a.m. ET with management presentations followed by a question and answer session. The webcast portion of this event will conclude at approximately 12:30 p.m. ET.
By Columbus McKinnon Corporation · Via Business Wire · June 16, 2022
Columbus McKinnon Reports Revenue Grew 36% to Record $253 Million in Fourth Quarter Fiscal Year 2022
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2022 fourth quarter, which ended March 31, 2022. Results include the additions of Dorner Manufacturing Corporation and Garvey Corporation, which were acquired on April 7, 2021, and December 1, 2021, respectively.
Columbus McKinnon Announces Fourth Quarter and Full Year Fiscal 2022 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced that it will release its fourth quarter and full year fiscal 2022 results before the markets open on Wednesday, May 25, 2022.
Columbus McKinnon Increases Quarterly Dividend 17% to $0.07 per Share
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that its Board of Directors has approved an increase to the Company’s regular quarterly dividend to $0.07 per common share, a $0.01 per common share increase from its previous quarterly dividend rate of $0.06.
By Columbus McKinnon Corporation · Via Business Wire · March 21, 2022
Columbus McKinnon Reports Revenue Growth of 30% for Third Quarter Fiscal Year 2022
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2022 third quarter, which ended December 31, 2021. Results include the additions of Dorner Manufacturing Corporation and Garvey Corporation, which were acquired on April 7, 2021 and December 1, 2021, respectively.
By Columbus McKinnon Corporation · Via Business Wire · January 27, 2022
Columbus McKinnon Declares Quarterly Dividend of $0.06 per Share
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced today that its Board of Directors has approved payment of a regular quarterly dividend of $0.06 per common share.
By Columbus McKinnon Corporation · Via Business Wire · January 18, 2022
Columbus McKinnon Announces Third Quarter Fiscal 2022 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced that it will release its third quarter fiscal year 2022 results before the markets open on Thursday, January 27, 2022.
By Columbus McKinnon Corporation · Via Business Wire · January 13, 2022
Columbus McKinnon Closes Acquisition of Garvey Corporation
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that the Company has completed its acquisition of Garvey Corporation (“Garvey”). The Company previously announced that it had entered into a definitive agreement to acquire Garvey on November 4, 2021.
By Columbus McKinnon Corporation · Via Business Wire · December 1, 2021
Columbus McKinnon Appoints Gerald Colella and Chad Abraham to Board of Directors
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced the appointments to its Board of Directors of Gerald Colella, retired President and CEO and current Chair of MKS Instruments, Inc. and Chad Abraham, Chair and CEO of Piper Sandler. The appointments are effective November 11, 2021.
By Columbus McKinnon Corporation · Via Business Wire · November 11, 2021
Columbus McKinnon Expands Conveying Solutions Platform With Acquisition of Garvey Corporation
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that the Company has executed a definitive agreement to acquire Garvey Corporation (“Garvey”) for $74 million. The Company plans on financing the acquisition by borrowing $75 million utilizing the accordion option under its existing Term Loan B. The transaction is expected to close before the end of 2021. The additional borrowings are expected to result in a pro forma net debt leverage ratio of approximately 2.8x.
By Columbus McKinnon Corporation · Via Business Wire · November 4, 2021
Columbus McKinnon Adds New SPA Linear Actuator with Intelli-Motion™ Technology to Family of Automation Solutions
Combining intelligent controls with some of the highest-quality linear actuators available on the market, Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions, products and technologies for material handling, today announced the introduction of its Duff-Norton® brand SPA Linear Actuator with Intelli-Motion™ technology. The latest and most advanced Duff-Norton linear actuator, the SPA with Intelli-Motion is designed to provide reliable operation, enable precision motion control and simplify applications, especially those that can benefit from automation technology. The latest product to join Columbus McKinnon’s family of automation solutions, this intelligent actuator offers easy installation, configuration, and operation to ensure systems can get up and running quickly and perform reliably.
By Columbus McKinnon Corporation · Via Business Wire · November 2, 2021
Columbus McKinnon Reports Financial Results for Second Quarter Fiscal Year 2022
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2022 second quarter, which ended September 30, 2021. Results include the addition of Dorner Manufacturing Corporation, which was acquired on April 7, 2021.
By Columbus McKinnon Corporation · Via Business Wire · October 28, 2021
Columbus McKinnon Declares Quarterly Dividend of $0.06 per Share
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced today that its Board of Directors has approved payment of a regular quarterly dividend of $0.06 per common share.
By Columbus McKinnon Corporation · Via Business Wire · October 18, 2021
Columbus McKinnon Announces Second Quarter Fiscal 2022 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced that it will release its second quarter fiscal year 2022 results before the markets open on Thursday, October 28, 2021.
By Columbus McKinnon Corporation · Via Business Wire · October 14, 2021
Columbus McKinnon to Webcast Fireside Chat at the D.A. Davidson Diversified Industrials & Services Conference
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that David Wilson, President and Chief Executive Officer, and Greg Rustowicz, Chief Financial Officer, will host a fireside chat at the 2021 D.A. Davidson Diversified Industrials & Services Conference to be held virtually on Thursday, September 23, 2021, at 9:30 a.m. Eastern Time.
By Columbus McKinnon Corporation · Via Business Wire · September 13, 2021
Columbus McKinnon Reports Financial Results for First Quarter Fiscal Year 2022
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2022 first quarter, which ended June 30, 2021. Results include the addition of Dorner Manufacturing Corporation, which was acquired on April 7, 2021.
By Columbus McKinnon Corporation · Via Business Wire · July 29, 2021
Columbus McKinnon Expands Remote Hoist and Crane Monitoring Capabilities with Intelli-Connect™ Mobile+
Quick and easy access to essential hoist and crane performance information is critical to increasing uptime and improving productivity. Expanding the capabilities of its Intelli-Connect™ Mobile Diagnostics and Analytics app, Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the launch of Intelli-Connect Mobile+. With Mobile+, customers benefit from all the capabilities of Intelli-Connect Mobile, along with advanced diagnostic and analytic features. These features include continuous monitoring, trending data, event logging and visibility to the remaining operating life of a hoist.
By Columbus McKinnon Corporation · Via Business Wire · July 27, 2021
Columbus McKinnon Declares Quarterly Dividend of $0.06 per Share
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced today that its Board of Directors has approved payment of a regular quarterly dividend of $0.06 per common share.
By Columbus McKinnon Corporation · Via Business Wire · July 19, 2021
Columbus McKinnon Announces First Quarter Fiscal 2022 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced that it will release its first quarter fiscal year 2022 results before the markets open on Thursday, July 29, 2021.
By Columbus McKinnon Corporation · Via Business Wire · July 15, 2021
Columbus McKinnon to Webcast Presentation at the Sidoti Virtual Investor Conference
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that Greg Rustowicz, Chief Financial Officer, will present at the 2021 Sidoti Virtual Investor Conference on Wednesday, June 23, 2021, at 10:45 a.m. Eastern Time.
By Columbus McKinnon Corporation · Via Business Wire · June 16, 2021
Columbus McKinnon Names Adrienne Williams Chief Human Resources Officer
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the appointment of Adrienne Williams as Vice President and Chief Human Resources Officer.
By Columbus McKinnon Corporation · Via Business Wire · June 14, 2021
Columbus McKinnon Publishes Inaugural Corporate Social Responsibility Report
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the publication of its inaugural Corporate Social Responsibility (CSR) Report. This 2021 report details key initiatives the Company is undertaking in the areas of environmental, social, and governance, further illustrating Columbus McKinnon’s resilience and agility in delivering for its customers, while conducting business in a responsible manner.
By Columbus McKinnon Corporation · Via Business Wire · June 10, 2021
Columbus McKinnon Reports Financial Results for Fourth Quarter Fiscal Year 2021
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2021 fourth quarter, which ended March 31, 2021.
Columbus McKinnon Appoints Michael Dastoor to Board of Directors
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the election of Michael Dastoor, Executive Vice President and Chief Financial Officer of Jabil Inc. (NYSEJBL), to its Board of Directors, effective May 17, 2021. The addition of Mr. Dastoor as an independent director, brings Columbus McKinnon’s Board to nine directors of which eight are independent and two are women. During the last four years, the Board has substantially increased its geographic, experience, skills, age, gender and ethnic diversity. Mr. Dastoor will serve on the Audit Committee and the Compensation and Succession Committee.
Columbus McKinnon Completes Successful Debt Refinancing
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that the Company has entered into a covenant-lite term loan credit agreement, providing a Term Loan B Facility (“the Facility”) of seven years in the amount of $450 million. The interest rate under the new Facility will be determined based on LIBOR plus 2.75% with a 0.5% LIBOR floor and an issue price of 99.75.
Columbus McKinnon Announces Fourth Quarter and Full Year Fiscal 2021 Conference Call and Webcast
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced that it will release its fourth quarter and full fiscal year 2021 results before the markets open on Wednesday, May 26, 2021.
Columbus McKinnon Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the closing of its underwritten public offering of 4,312,500 shares of its common stock, which includes the full exercise of the underwriters’ option to purchase 562,500 additional shares of common stock, at a price of $48.00 per share. The gross proceeds to Columbus McKinnon from the offering, before deducting the underwriting discounts and commissions and other offering expenses, were approximately $207 million.
Columbus McKinnon Announces Pricing of Upsized Common Stock Offering
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the pricing of an upsized underwritten public offering of 3,750,000 shares of its common stock at a price of $48.00 per share for total gross proceeds of $180.0 million. The offering was upsized from the previously announced size of $150.0 million. The offering is expected to close on May 4, 2021, subject to customary closing conditions.
By Columbus McKinnon Corporation · Via Business Wire · April 29, 2021