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Jun 30, 2022
Columbus McKinnon Q1 2023 Earnings Report
Columbus McKinnon reported a strong start to the year with growth, a record gross margin, and improved business.
Key Takeaways
Columbus McKinnon Corporation reported first quarter fiscal year 2023 results, which ended June 30, 2022. The company delivered revenue of $220 million, up 6.5% on a constant currency basis and achieved a record gross margin of 37.5%. Earnings per diluted share was $0.29, while adjusted EPS was $0.69.
Revenue was $220 million, up 6.5% on a constant currency basis.
Record gross margin of 37.5% was achieved.
Earnings per diluted share was $0.29 compared to a loss of $0.27 in the prior year.
Adjusted EPS was $0.69, unchanged from the prior-year period.
Revenue by Geographic Location
Forward Guidance
Columbus McKinnon expects second quarter fiscal 2023 sales of approximately $230 million to $240 million at current exchange rates, a sequential increase in the mid-to-high single digits.
Positive Outlook
- Confident in ability to deliver plan
- Continue to advance Columbus McKinnon’s transformation
- Executing to meet commitments
- Achieve goals of $1.5 billion in revenue
- Achieve 21% adjusted EBITDA margin in fiscal 2027
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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