Columbus McKinnon Q1 FY2024 sales up 7% to $235.5M; record backlog $355.3M

COLUMBUS MCKINNON CORP

2023-Q1 EPS reported $0.32 revenue$235,492,000

Adjusted EPS $0.62 vs $0.69 prior year; GAAP EPS $0.32 vs $0.29.
Record backlog $355.3M includes $23.4M from montratec; orders $257M with book-to-bill 1.1x.
Gross margin 36.8% expanded 90 bps sequentially; Q2 FY2024 sales guidance $250-260M.
Paid down $10M in debt; target net debt leverage ratio below 2.5x by fiscal year-end.
montratec acquisition contributed $2.7M in sales in first month of ownership.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COLUMBUS MCKINNON CORP reported first quarter, which ended June 30, 2023 results: revenue $235.5 million, net income $9.3 million, EPS $0.32. Guidance reaffirmed.

Period: first quarter, which ended June 30, 2023
Revenue: $235.5 million
Net income: $9.3 million
EPS: $0.32
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Sales of $235.5 million for first quarter fiscal 2024 increased 7%

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Source: SEC EDGAR

accession 0001005229-23-000229

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