NASDAQ$CMCO

Columbus McKinnon Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a revenue growth of 30% driven by acquisitions, strong organic volume, and improved pricing.

Columbus McKinnon Corporation reported a 30% increase in revenue for Q3 2022, driven by acquisitions, strong organic volume, and improved pricing. The acquisition of Garvey Corporation enhanced the precision conveyance platform. The company's backlog reached a record $295 million.

  • Sales grew 30% from acquisitions, strong organic volume and improved pricing
  • Orders up 14% year-over-year excluding acquisitions, strong demand across end markets
  • Backlog at quarter end was record $295 million
  • Adjusted gross margin of 36.7% matched record set in second quarter

Headline financials

Total Revenue

$216M

Previous: $167M+29.7%
EPS (adj)

$0.60

Previous: $0.26+130.8%
Gross Margin

34.7%

Previous: 33.2%+4.5%
Operating Margin

7.1%

Previous: 6.3%+12.7%
Adjusted Operating Margin

9.5%

Previous: 6.7%+41.8%
Adjusted EBITDA Margin

14.2%

Previous: 10.9%+30.3%
Backlog

$295M

Previous: $152M+93.4%
Capital Expenditures

-$9.51M

Previous: -$5.9M-61.0%
Free Cash Flow

$14.2M

Previous: $66M-78.5%
Net Income

$9.89M

Previous: $6.59M+50.0%
Operating Income

$15.3M

Previous: $10.4M+46.6%
Gross Profit

$75.1M

Previous: $55.3M+35.7%
Cash & Equivalents

$107M

Previous: $188M-43.1%
Total Assets

$1.67B

Previous: $1.15B+45.7%
Stock-Based Comp

$2.98M

Previous: $1.85M+61.0%

Revenue & EPS history

Columbus McKinnon · Revenue · Quarterly

$216M

Q3 2022+29.7%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Columbus McKinnon expects fourth quarter fiscal 2022 sales of approximately $235 million at current exchange rates.

Tailwinds

  • Expect to end fiscal year 2022 on a strong note
  • Focusing on faster growing markets
  • Enhancing capabilities with new technologies
  • Building a world-class organization
  • Central to the automation of material handling around the world

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 Q3 2022

Historical avgQ3 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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