Columbus McKinnon Q3 FY2023 operating income up 32%; sales up 7% to $230.4M

COLUMBUS MCKINNON CORP

2022-Q3 EPS reported $1.20 revenue$682,397,000

GAAP diluted EPS $0.42; adjusted EPS $0.72, up 20% YoY.
Sales $230.4M, up 7% reported (11% constant currency); U.S. sales +9.9%.
Operating income $20.2M (+32%); margin 8.8% (170 bps expansion); adjusted operating margin 10.2%.
Backlog $329.1M; past due orders reduced 28% sequentially; net debt leverage 2.7x.
Q4 FY2023 sales guidance $240M-$250M; full-year constant currency growth ~6%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

COLUMBUS MCKINNON CORP reported third quarter, which ended December 31, 2022 results: revenue $230.4 million, net income $12.0 million, EPS $0.42 per diluted share.

Period: third quarter, which ended December 31, 2022
Revenue: $230.4 million
Net income: $12.0 million
EPS: $0.42 per diluted share
Result: reported results

Exact text from the filing

Results include the addition of Garvey Corporation, which was acquired on December 1, 2021. Third Quarter Highlights (compared with prior year period) • Sales were up 7% to $230.4 million driven by improved volume and pricing; up 11% on a constant currency basis • Operating income increased 32% to $20.2 million on expanded gross margin and operating leverage

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Source: SEC EDGAR

accession 0001005229-23-000020

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