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Sep 30, 2022
Columbus McKinnon Q2 2023 Earnings Report
Columbus McKinnon achieved record operating income due to regional realignment and improved collaboration, despite challenges from supply chain shortages.
Key Takeaways
Columbus McKinnon reported a solid second quarter with revenue up 3.6% and record operating income. The company benefited from its regional realignment initiative, which lowered costs and improved collaboration. Strong cash generation enabled debt reduction and increased financial flexibility.
Revenue increased by 8.5% on a constant currency basis.
Operating income reached a record of $27.4 million.
Earnings per diluted share were $0.49, with adjusted EPS at $0.73.
Adjusted EBITDA margin reached a record of 16.8%.
Revenue by Geographic Location
Forward Guidance
Columbus McKinnon expects third quarter fiscal 2023 sales of approximately $225 million to $235 million at current exchange rates.
Positive Outlook
- Better earnings profile
- Improved product and market mix
- Streamlined team
- Intensely focused on execution
- Deliberate in actions to create value for customers
Challenges Ahead
- Macro environment is unsettling
- Supply chain challenges
- Inflation
- Global economic and business conditions
- Competitor responses to the Company's products and services
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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