Columbus McKinnon Q3 sales up 10% to $254M; operating income up 33%

COLUMBUS MCKINNON CORP

2024-Q3 EPS reported $1.20 revenue$748,036,000

Net sales $254.1M (+10% YoY); operating income $26.9M (+33%).
Adjusted gross margin 37.2% (+160 bps); gross margin 36.9% (+130 bps).
Orders increased 8% overall; precision conveyance orders up 23%.
Nine-month operating cash flow $28.6M, up 69% YoY.
Completed Mexico manufacturing center of excellence for growth capacity.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COLUMBUS MCKINNON CORP reported third quarter ended December 31, 2023 results: revenue $254.1 million.

Period: third quarter ended December 31, 2023
Revenue: $254.1 million
Result: reported results

Exact text from the filing

noted) • Orders increased 8% demonstrating continued progress with growth initiatives and included a 23% increase in precision conveyance orders • Net sales increased 10% to $254.1 million primarily driven by strength across all product platforms led by precision conveyance • Gross margin expanded 130 basis points to 36.9%; Adjusted Gross Margin 1 expanded 160

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Source: SEC EDGAR

accession 0001005229-24-000012

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