Columbus McKinnon Q2 2024 Earnings Report
Key Takeaways
Columbus McKinnon reported record sales of $258.4 million, a 12% increase year-over-year, and record operating income of $33.4 million, up 22% from the prior year. The company's CMBS initiatives contributed to a record gross margin of 38.7%.
Record sales of $258.4 million, up 12% year-over-year.
Record operating income of $33.4 million, up 22% year-over-year.
Record gross margin of 38.7%, a 190 basis point sequential expansion.
Debt reduced by $15 million; debt paydown plans increased by $10 million to $50 million in fiscal 2024.
Columbus McKinnon
Columbus McKinnon
Columbus McKinnon Revenue by Geographic Location
Forward Guidance
Columbus McKinnon expects third quarter fiscal 2024 sales of approximately $245 million to $255 million at current exchange rates, representing 9% growth year-over-year at the midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income