NASDAQ$CMCO

Columbus McKinnon Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong revenue growth and margin expansion driven by CMBS and strategic pricing.

Columbus McKinnon reported a strong second quarter with a 42% increase in revenue, driven by volume, acquisition contributions, and strategic pricing. The company achieved a record gross margin of 36.3% and adjusted EBITDA margin of 16.1%. Net income was $15.2 million, or $0.53 per diluted share, while adjusted earnings per diluted share reached $0.74.

  • Revenue increased by 42% due to strong volume, the Dorner acquisition, and strategic pricing initiatives.
  • Gross margin reached a record 36.3%, with an adjusted gross margin of 36.7%, reflecting margin expansion.
  • Net income was $15.2 million, or $0.53 per diluted share; adjusted earnings per diluted share was $0.74.
  • Adjusted EBITDA was $36.0 million, representing 16.1% of revenue, an increase of 270 basis points.

Headline financials

Total Revenue

$224M

Previous: $158M+41.7%
EPS (adj)

$0.74

Previous: $0.34+117.6%
Gross Margin

36.3%

Previous: 35.5%+2.3%
Adjusted EBITDA Margin

16.1%

Previous: 13.4%+20.1%
Capital Expenditures

-$6.75M

Previous: -$2.78M-143.0%
Free Cash Flow

$11.2M

Previous: $44.2M-74.7%
Net Income

$15.2M

Previous: -$4.1M+470.4%
Operating Income

$23.7M

Previous: $15.8M+49.6%
Gross Profit

$81.1M

Previous: $56M+44.8%
Cash & Equivalents

$105M

Previous: $187M-43.5%
Total Assets

$1.59B

Previous: $1.13B+40.1%
Stock-Based Comp

$3.24M

Previous: $1.92M+69.0%

Revenue & EPS history

Columbus McKinnon · Revenue · Quarterly

$224M

Q2 2022+41.7%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Columbus McKinnon expects third quarter fiscal 2022 sales of approximately $215 million at current exchange rates.

Headwinds

  • Supply chain constraints are expected to continue.
  • Guidance reflects typical seasonality, given holidays and fewer shipping days.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+1.0%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.3%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+23.1%

Q1 2018

Best reaction

-41.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-9.3%-18.2%
Q3 2026+0.1%-11.2%-33.0%
Q2 2026-2.2%+4.0%+6.8%
Q1 2026-13.9%-18.4%-11.2%
Q4 2025-11.9%-22.4%-13.2%
Q3 2025-41.2%-42.3%-50.7%
Q2 2025-1.3%-2.5%+21.9%
Q1 2025-6.1%-14.1%-12.9%
Q4 2024+1.6%+2.7%-21.1%
Q3 2024+2.3%+4.2%+9.4%
Q1 2024-8.0%-9.2%-11.1%
Q4 2023+4.5%+3.9%+12.8%
Q3 2023+9.1%+6.3%+7.8%
Q2 2023+1.0%+4.2%+12.3%
Q1 2023+3.2%+1.7%+0.9%
Q4 2022-7.5%+2.3%-6.7%
Q3 2022-4.5%-2.4%-0.2%
Q2 2022-2.4%+0.5%-1.6%
Q1 2022+1.2%-1.4%+0.3%
Q4 2021+0.0%-1.3%-6.6%
Q3 2021+6.2%+14.5%+23.8%
Q2 2021-1.7%+3.6%+9.7%
Q1 2021-3.8%-3.4%+6.9%
Q4 2020+8.3%+6.6%+13.8%
Q3 2020+7.9%+5.0%-9.7%
Q2 2020+3.5%+5.6%+10.5%
Q1 2020-4.0%-7.4%-19.8%
Q4 2019+10.4%+9.1%+23.9%
Q3 2019-1.4%-0.3%+5.8%
Q2 2019+21.5%+24.3%+12.8%
Q1 2019+3.9%+3.8%+5.9%
Q4 2018+9.4%+12.0%+14.5%
Q3 2018-3.1%-5.3%-2.3%
Q2 2018+2.2%+5.4%+10.0%
Q1 2018+23.1%+24.3%+28.0%
Q4 2017+9.5%+14.0%+4.2%
Q3 2017-5.6%-4.0%-9.5%
Q2 2017+13.4%+10.5%+52.3%
Q1 2017+3.3%+4.0%+8.7%
Q4 2016+3.5%+3.8%-3.3%
Q3 2016+2.1%
Q2 2016-12.9%
Q1 2016-6.1%
Q4 2015-7.2%
Q3 2015-2.1%
Q2 2015+21.3%
Q1 2015-9.7%
Q4 2014+9.9%
Q3 2014-3.9%
Q2 2014+4.9%
Q1 2014-11.3%
Q4 2010+0.5%
Q4 2013+2.7%
Q3 2013+8.8%
Q2 2013-1.0%
Q1 2013+3.3%
Q4 2012+9.2%
Q3 2011+11.4%
Q3 2012+11.4%
Q2 2011+7.4%
Q2 2012+7.4%
Q4 2011-1.2%
Q1 2012-1.2%
Q1 2011-1.2%

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