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Sep 30, 2023
Columbus McKinnon Q2 2024 Earnings Report
Columbus McKinnon's Q2 2024 performance was marked by record sales and operating income, driven by its growth strategy and the Columbus McKinnon Business System (CMBS).
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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