OverviewSuggest Edit

Columbus McKinnon is a company that designs, manufactures and markets motion control products, technologies, systems and services. The Company offers hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. 

TypePublic
Founded1875
HQGetzville, NY, US
Websitecmworks.com
Employee Ratings3.2
Overall CultureB+

Latest Updates

Employees (est.) (Mar 2021)2,651(-15%)
Job Openings86
Revenue (FY, 2021)$649.6 M(-19%)
Share Price (Oct 2021)$50.3
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Key People/Management at Columbus McKinnon

Richard Fleming

Richard Fleming

Interim CEO
Gregory Rustowicz

Gregory Rustowicz

VP of Finance, CFO
David J. Wilson

David J. Wilson

Director, President and Chief Executive Officer
Gregory P. Rustowicz

Gregory P. Rustowicz

Vice President Finance and Chief Financial Officer
Alan S. Korman

Alan S. Korman

Vice President Corporate Development, General Counsel and CHRO
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Columbus McKinnon Office Locations

Columbus McKinnon has offices in Getzville, Bridgeville, Charleston, Chattanooga and in 42 other locations
Getzville, NY, US (HQ)
205 Crosspoint Pkwy
Bridgeville, PA, US
70 Abele Rd #1201
Charleston, SC, US
2284 Clements Ferry Rd
Chattanooga, TN, US
1402 E 12th St
Chattanooga, TN, US
3510 N Orchard Knob Ave
Damascus, VA, US
22364 Jeb Stuart Hwy
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Columbus McKinnon Financials and Metrics

Columbus McKinnon Revenue

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Columbus McKinnon's revenue was reported to be $649.64 m in FY, 2021
USD

Revenue (FY, 2021)

649.6m

Gross profit (FY, 2021)

220.2m

Gross profit margin (FY, 2021), %

33.9%

Net income (FY, 2021)

9.1m

EBIT (FY, 2021)

42.3m

Market capitalization (15-Oct-2021)

1.4b

Closing stock price (15-Oct-2021)

50.3

Cash (31-Mar-2021)

202.1m

EV

1.5b
Columbus McKinnon's current market capitalization is $1.4 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

597.1m637.1m839.4m876.3m809.2m649.6m

Revenue growth, %

3%7%32%4%

Cost of goods sold

409.8m444.2m554.8m571.3m526.0m429.4m

Gross profit

187.3m192.9m284.6m305.0m283.2m220.2m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

19.6m9.0m22.1m42.6m59.7m9.1m

Depreciation and Amortization

20.5m25.2m36.1m32.7m29.1m28.2m

Inventories

2.5m8.2m(12.2m)(15.4m)15.8m20.7m

Accounts Payable

(5.3m)1.0m3.8m3.9m8.1m10.3m
USDFY, 2016

Revenue/Employee

206.2k

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

2.7 x
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Columbus McKinnon Operating Metrics

Columbus McKinnon's Backlog was reported to be $143.1m in Q2, 2020.
FY, 2016FY, 2017Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Backlog

$98.57 m$154.45 m$152.3 m$177.39 m$163.9 m$173.9 m$159.9 m$161.46 m$148.2 m$143.1 m
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Columbus McKinnon Acquisitions / Subsidiaries

Company NameDateDeal Size
STAHL Cranesystems Inc.December 07, 2016
Magnetek, Inc.July 27, 2015$189 m
Stahlhammer Bommern GmbHJanuary 05, 2015$24.6 m
Unified Industries Inc.March 04, 2014
Yale Lifting Solutions (Pty.)January 12, 2012
Pfaff Beteiligungs GmbHOctober 02, 2008$53 m
Washington Equipment Co.May 04, 1999
Société d’Exploitation des Raccords GautierDecember 10, 1998$13.5 m
Abell-HoweAugust 01, 1998
Lister Bolt and ChainDecember 01, 1996
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Columbus McKinnon Revenue Breakdown

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Columbus McKinnon revenue breakdown by business segment: 62.4% from Hoists , 10.2% from Chain and Rigging Tools, 8.9% from Actuators and Rotary Unions , 11.2% from Digital Power Control and Delivery Systems and 7.3% from Other

Columbus McKinnon revenue breakdown by geographic segment: 46.8% from United States, 48.6% from Europe and 4.7% from Other

Columbus McKinnon Online and Social Media Presence

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Columbus McKinnon Company Culture

  • Overall Culture

    B+

    85/100

  • CEO Rating

    A+

    85/100

  • Compensation

    B

    78/100

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Columbus McKinnon News and Updates

New Intelli-Connect™ Mobile App from Columbus McKinnon Provides Easy Remote Access to Essential Crane and Hoist Status and Performance Information

Intelli-Connect wirelessly delivers diagnostic and analytic information from Magnetek® VFDs to reduce downtime, accelerate commissioning and enable predictive maintenance Intelli-Connect wirelessly delivers diagnostic and analytic information from Magnetek® VFDs to reduce downtime, accelerate commis…

Columbus McKinnon Expands Intelli-Crane™ Portfolio with Intelli-Guide™ Auto-Dispatch System – Improves Productivity Through Automation

Intelli-Guide applies Magnetek® technology to upgrade and automate outdated, manually controlled cranes, hoists and monorail systems Intelli-Guide applies Magnetek® technology to upgrade and automate outdated, manually controlled cranes, hoists and monorail systems

Columbus McKinnon stock slides 9% after news of CEO departure

Shares of Columbus McKinnon Corp. slid 9% Wednesday, after the maker of hoists and rigging and other motion control products said its Chief Executive Mark Morelli is leaving to become head of Fortive's NewCo. The Buffalo, New York-based company named board chairman Richard Fleming interim CEO and s…

Columbus McKinnon to Exhibit Lifting and Motion Control Products at AISTech 2019

GETZVILLE, N.Y., April 30, 2019 – Columbus McKinnon Corporation (NASDAQ: CMCO), a leading designer and manufacturer of motion control products, technologies, and services for material handling, will be exhibiting its range of crane solutions products at the 2019 AISTech Iron & Steel Technology C…

Columbus McKinnon boosts dividend by 20%

Columbus McKinnon Corp. said Tuesday it will raise its quarterly dividend by 20%, to 6 cents a share from 5 cents. The motion control products maker's new dividend will be payable May 13 to shareholders of record on May 3. Based on Monday's stock closing price of $33.35, the new annual dividend rat…

Schutte-Buffalo Hammermill Parent Company Acquires Columbus McKinnon Shredder Division

BUFFALO, N.Y., Jan. 2, 2019 /PRNewswire/ -- Bengal Machine, the parent company of Schutte-Buffalo Hammermill, LLC ("Schutte-Buffalo"), announced that it has acquired CM Recycling Equipment Solutions ("CM Shredder"), the world leader in tire shredding equipment manufacture and industrial...
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Columbus McKinnon Blogs

Understanding the Benefits of Rope Access (SPRAT) Training

Access to the work we do can often be the most challenging aspect of any industry. Not everything can be built or designed for safe and easy access by traditional means. This can lead to some precarious working locations and situations. To address these situations, rope access can be a safe, versati…

Charpy Evaluation of Rigging Hardware

For those of you who work in the material handling industry, you may have heard of Charpy values. If you have heard this term, do you know what it means? A Charpy value is the measurement of the toughness of a material and is determined by performing a Charpy impact test. The Charpy impact test … …

Factors to Consider When Selecting a Chain Hoist

Purchasing or specifying hoists to lift heavy objects in close proximity to equipment and/or personnel is a decision that deserves thoughtful consideration. In this article, we will identify some important items to factor into your decision-making process. The post Factors to Consider When Selectin…

Going to USITT? Stop by and Visit Columbus McKinnon

The 59th annual USITT Show kicks off next week. The USITT show is the largest full production trade show in America, featuring 200 exhibitors and special exhibits from around the industry. USITT is the leader in life-long learning opportunities for the entertainment design and technology industry. T…

Measuring Chain Links: What are the Considerations for Wear?

John, a steel fabricator out of Connecticut, asked the following question during our recent safety webinar: “When measuring links, are there any additional considerations for inspection and wear as it relates to the area around the embossing of the trace codes?” Nick Fleming, Business Development Sp…

Going to LDI? Stop by and Visit Columbus McKinnon

The 30th annual Live Design International (LDI) Show kicks off next week. This year, LDI show organizers are expecting more than 12,000 attendees – representing 80 countries – who work in theater, concert halls, outdoor production venues, houses of worship, theme parks and a variety of other live en…

Columbus McKinnon Frequently Asked Questions

  • When was Columbus McKinnon founded?

    Columbus McKinnon was founded in 1875.

  • Who are Columbus McKinnon key executives?

    Columbus McKinnon's key executives are Richard Fleming, Gregory Rustowicz and David J. Wilson.

  • How many employees does Columbus McKinnon have?

    Columbus McKinnon has 2,651 employees.

  • What is Columbus McKinnon revenue?

    Latest Columbus McKinnon annual revenue is $649.6 m.

  • What is Columbus McKinnon revenue per employee?

    Latest Columbus McKinnon revenue per employee is $245.1 k.

  • Who are Columbus McKinnon competitors?

    Competitors of Columbus McKinnon include Kennametal, Kubota and Titan Machinery.

  • Where is Columbus McKinnon headquarters?

    Columbus McKinnon headquarters is located at 205 Crosspoint Pkwy, Getzville.

  • Where are Columbus McKinnon offices?

    Columbus McKinnon has offices in Getzville, Bridgeville, Charleston, Chattanooga and in 42 other locations.

  • How many offices does Columbus McKinnon have?

    Columbus McKinnon has 48 offices.