NASDAQ$CMCO
Columbus McKinnon Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Columbus McKinnon reported record sales and delivered record operating income.
Columbus McKinnon Corporation reported record fourth quarter sales of $253.8 million and record operating income of $27.5 million for fiscal year 2023. The company's strong cash generation provides financial flexibility to complete the acquisition of montratec.
- Record sales of $253.8 million were achieved in Q4 2023.
- Record operating income of $27.5 million was delivered in Q4 2023.
- Gross margin expanded 220 basis points to 35.9%.
- Cash from operations was $66.7 million for the quarter, the strongest quarter on record.
Headline financials
Revenue & EPS history
Columbus McKinnon · Revenue · Quarterly
$254M
Forward guidance
Columbus McKinnon expects first quarter fiscal 2024 sales at current exchange rates to be in the range of $235 million to $240 million including the first month of montratec, implying high-single digit growth at the mid-point of the range.
Tailwinds
- Opportunities to grow business at better than market rates.
- Direct customer feedback is informing actions to enhance customer experience.
- Deepening reach in more secular markets with enduring tailwinds.
- Advancing capabilities to sustain leadership position in intelligent motion for material handling.
- On track to deliver low-to-mid single digit revenue growth and further margin expansion in fiscal 2024.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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