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Mar 31, 2023
Columbus McKinnon Q4 2023 Earnings Report
Columbus McKinnon reported record sales and delivered record operating income.
Key Takeaways
Columbus McKinnon Corporation reported record fourth quarter sales of $253.8 million and record operating income of $27.5 million for fiscal year 2023. The company's strong cash generation provides financial flexibility to complete the acquisition of montratec.
Record sales of $253.8 million were achieved in Q4 2023.
Record operating income of $27.5 million was delivered in Q4 2023.
Gross margin expanded 220 basis points to 35.9%.
Cash from operations was $66.7 million for the quarter, the strongest quarter on record.
Columbus McKinnon
Columbus McKinnon
Columbus McKinnon Revenue by Geographic Location
Revenue by Geographic Location
U.S. Sales Revenue
CapyFin.comNon-U.S. Sales Revenue
CapyFin.com Forward Guidance
Columbus McKinnon expects first quarter fiscal 2024 sales at current exchange rates to be in the range of $235 million to $240 million including the first month of montratec, implying high-single digit growth at the mid-point of the range.
Positive Outlook
- Opportunities to grow business at better than market rates.
- Direct customer feedback is informing actions to enhance customer experience.
- Deepening reach in more secular markets with enduring tailwinds.
- Advancing capabilities to sustain leadership position in intelligent motion for material handling.
- On track to deliver low-to-mid single digit revenue growth and further margin expansion in fiscal 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income