Trade Columbus McKinnon Corp/NY - CMCO CFD

Columbus McKinnon Company profile

About Columbus McKinnon Corp.

Columbus McKinnon Corporation is a worldwide designer, manufacturer and marketer of intelligent motion solutions, including motion control products, technologies, automated systems and services. It is focused on commercial and industrial applications for its products. The Company’s products include variety of electric, air-powered, lever, and hand hoists, hoist trolleys, explosion-protected hoists, winches, and aluminum work stations; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, and load binders; mechanical and electromechanical actuators and rotary unions; and below-the-hook special purpose lifters; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems. It covers a range of markets, including general industries, mobile industries, energy and utilities and others.

Financial summary

BRIEF: For the nine months ended 31 December 2021, Columbus McKinnon Corp. revenues increased 41% to $653.2M. Net income totaled $17.8M vs. loss of $479K. Revenues reflect Industrial Products segment increase of 26% to $241.6M, Crane Solutions segment increase of 13% to $244.8M. Net Income reflects Other expense (income), net increase from $20.1M (expense) to $744K (income), Foreign currency exchange (gain) loss decrease of 3% to $1M (expense).

Equity composition

Common Stock $.01 Par, 12/10, 50M auth., 19,168,928 issd., Insiders control approx. 4.95%. IPO: 3/96, 5,250,000 shares @ $15 by Goldman, Sachs & Co. *11/05, PO 3.35M shares (350K shares by CMCO) @ $20.00 by Credit Suisse First Boston LLC.