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, US
Websitecmworks.com
Employee Ratings3.2
Culture scoreF

Latest Updates

Employees (est.) (Mar 2019)3,128(-6%)
Job Openings9
Revenue (FY, 2020)$809.2 M(-7%)
Share Price (Jun 2020)$34.9 (+6%)

Key People/Management at Columbus McKinnon

Richard Fleming

Richard Fleming

Interim CEO
Gregory Rustowicz

Gregory Rustowicz

VP of Finance, CFO
Alan Korman

Alan Korman

VP of Corporate Development, General Counsel and CHRO
Jeff Armfield

Jeff Armfield

Executive Director, Global Product Strategy and Development
Benjamin AuYeung

Benjamin AuYeung

VP (Asia Pacific)
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Columbus McKinnon Office Locations

Columbus McKinnon has offices in Getzville, Bridgeville, Charleston, Chattanooga and in 42 other locations
Getzville, US (HQ)
205 Crosspoint Pkwy
Bridgeville, US
70 Abele Rd #1201
Charleston, US
2284 Clements Ferry Rd
Chattanooga, US
1402 E 12th St
Chattanooga, US
3510 N Orchard Knob Ave
Damascus, 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 $809.16 m in FY, 2020
USD

Revenue (FY, 2020)

809.2m

Gross profit (FY, 2020)

283.2m

Gross profit margin (FY, 2020), %

35%

Net income (FY, 2020)

59.7m

EBIT (FY, 2020)

89.8m

Market capitalization (5-Jun-2020)

829.2m

Closing stock price (5-Jun-2020)

34.9

Cash (31-Mar-2020)

114.5m

EV

966.0m
Columbus McKinnon's current market capitalization is $829.2 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

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

Revenue growth, %

3%7%32%4%

Cost of goods sold

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

Gross profit

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

Cash

51.6m77.6m63.0m71.1m114.5m

Accounts Receivable

83.8m111.6m127.8m129.2m123.7m

Prepaid Expenses

19.3m21.1m16.6m16.1m17.2m

Inventories

118.0m130.6m152.9m146.3m127.4m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

(5.3m)1.0m3.8m3.9m8.1m
Quarterly
USDY, 2020

EV/EBIT

10.8 x

EV/CFO

9 x

Financial Leverage

2.4 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$152.30 m$177.39 m$163.90 m$173.90 m$159.90 m$161.46 m$148.20 m$143.10 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$24.60 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$13.50 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: 11.2% from Digital Power Control and Delivery Systems, 8.9% from Actuators and Rotary Unions , 10.2% from Chain and Rigging Tools, 62.4% from Hoists and 7.3% from Other

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

Columbus McKinnon Online and Social Media Presence

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Columbus McKinnon Company Culture

  • Overall Culture

    F

    37/100

  • CEO Rating

    F

    40/100

  • Compensation

    F

    40/100

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Columbus McKinnon News and Updates

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...

Chain Block Market 2018 Global Analysis By Key Players – Columbus McKinnon, KITO, Konecranes, Terex, Hitachi Industrial

Wiseguyreports.Com adds “Chain Block Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Wireless Crane Control Systems Market 2018-2022 with Allgon, AUTEC, Columbus McKinnon, Groupe Delachaux, Velatia, Schneider Electric & Tele Radio Taking the Market to New Heights

DUBLIN, Oct 24, 2018 /PRNewswire/ -- The "Global Wireless Crane Control Systems Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. The Global Wireless Crane Control Systems Market to grow at a CAGR of 3.19% during the period 2018-2022. Global Wireless Crane...
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Columbus McKinnon Blogs

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 Alan Korman.

  • How many employees does Columbus McKinnon have?

    Columbus McKinnon has 3,128 employees.

  • What is Columbus McKinnon revenue?

    Latest Columbus McKinnon annual revenue is $809.2 m.

  • What is Columbus McKinnon revenue per employee?

    Latest Columbus McKinnon revenue per employee is $258.7 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.