Columbus McKinnon Q2 2022 Earnings Report
Key Takeaways
Columbus McKinnon reported a strong second quarter with a 42% increase in revenue, driven by volume, acquisition contributions, and strategic pricing. The company achieved a record gross margin of 36.3% and adjusted EBITDA margin of 16.1%. Net income was $15.2 million, or $0.53 per diluted share, while adjusted earnings per diluted share reached $0.74.
Revenue increased by 42% due to strong volume, the Dorner acquisition, and strategic pricing initiatives.
Gross margin reached a record 36.3%, with an adjusted gross margin of 36.7%, reflecting margin expansion.
Net income was $15.2 million, or $0.53 per diluted share; adjusted earnings per diluted share was $0.74.
Adjusted EBITDA was $36.0 million, representing 16.1% of revenue, an increase of 270 basis points.
Columbus McKinnon
Columbus McKinnon
Columbus McKinnon Revenue by Geographic Location
Forward Guidance
Columbus McKinnon expects third quarter fiscal 2022 sales of approximately $215 million at current exchange rates.
Challenges Ahead
- Supply chain constraints are expected to continue.
- Guidance reflects typical seasonality, given holidays and fewer shipping days.
Revenue & Expenses
Visualization of income flow from segment revenue to net income