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Columbus Mckinnon Corp. (CMCO)
NASDAQ:CMCO
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.73Last Year’s EPS
$0.74Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 13.62%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call indicated strong order growth and strategic initiatives yielding positive outcomes, especially in precision conveyance. However, the company faced significant challenges from unexpected events like Hurricane Helene, resulting in lower sales and profitability, leading to a reduced FY25 guidance. The sentiment is balanced with a slight edge towards positive due to the promising project pipeline and strategic focus.Company Guidance
During the Columbus McKinnon Q2 2025 earnings call, guidance was provided indicating a slightly reduced forecast for fiscal year 2025 due to project backlog shifts into fiscal 2026. The company expects flat-to-low single-digit sales growth and mid-single-digit growth in adjusted EPS for the full year. In Q2, orders increased 16% year-over-year, driven by improvements in precision conveyance, automation, and e-commerce logistics, despite a 6% decline in net sales primarily due to the impacts of Hurricane Helene and the transition of the linear motion factory to Monterrey, Mexico. Gross margin was 30.9% on a GAAP basis and 36.3% on an adjusted basis. The company also executed $10 million in share repurchases and plans to pay down an additional $30 million in debt by the end of fiscal 2025, while maintaining a net leverage ratio of 2.3x.Strong Order Growth
Orders increased 16% year-over-year with a book-to-bill ratio of 1.08. Notably, precision conveyance orders grew by 42%.
Strategic Share Repurchase
The company executed a $5 million share repurchase in September and another $5 million in October, viewing this as an attractive use of capital.
Precision Conveyance Performance
Precision conveyance platforms saw significant growth, with all platforms exceeding 20% year-over-year growth, driven by recent project wins.
Strong Pipeline for Future Growth
The company has a healthy project funnel and received notable orders for PowerCo's battery production gigafactories, suggesting a long-term growth trajectory.
Improved Free Cash Flow Conversion
Free cash flow conversion was 227% on a trailing 12-month basis, reflecting strong cash flow and impact of non-cash charges.
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CMCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $32.18 | $32.07 | -0.34% |
| Jul 31, 2024 | $39.10 | $38.01 | -2.79% |
| May 29, 2024 | $43.75 | $40.49 | -7.45% |
| Jan 31, 2024 | $38.32 | $38.78 | +1.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Columbus Mckinnon Corp. (CMCO) report earnings?
Columbus Mckinnon Corp. (CMCO) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Columbus Mckinnon Corp. (CMCO) earnings time?
Columbus Mckinnon Corp. (CMCO) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMCO EPS forecast?
CMCO EPS forecast for the fiscal quarter 2025 (Q3) is $0.73.
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