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Dec 31, 2021
Columbus McKinnon Q3 2022 Earnings Report
Reported a revenue growth of 30% driven by acquisitions, strong organic volume, and improved pricing.
Key Takeaways
Columbus McKinnon Corporation reported a 30% increase in revenue for Q3 2022, driven by acquisitions, strong organic volume, and improved pricing. The acquisition of Garvey Corporation enhanced the precision conveyance platform. The company's backlog reached a record $295 million.
Sales grew 30% from acquisitions, strong organic volume and improved pricing
Orders up 14% year-over-year excluding acquisitions, strong demand across end markets
Backlog at quarter end was record $295 million
Adjusted gross margin of 36.7% matched record set in second quarter
Revenue by Geographic Location
Forward Guidance
Columbus McKinnon expects fourth quarter fiscal 2022 sales of approximately $235 million at current exchange rates.
Positive Outlook
- Expect to end fiscal year 2022 on a strong note
- Focusing on faster growing markets
- Enhancing capabilities with new technologies
- Building a world-class organization
- Central to the automation of material handling around the world
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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