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Last $25.08 USD
Change Today -0.79 / -3.05%
Volume 39.6K
CMCO On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

columbus mckinnon corp/ny (CMCO) Snapshot

Open
$25.56
Previous Close
$25.87
Day High
$26.42
Day Low
$24.93
52 Week High
05/23/14 - $30.98
52 Week Low
10/13/14 - $20.16
Market Cap
501.0M
Average Volume 10 Days
44.7K
EPS TTM
$1.75
Shares Outstanding
20.0M
EX-Date
05/6/15
P/E TM
14.3x
Dividend
$0.16
Dividend Yield
0.64%
Current Stock Chart for COLUMBUS MCKINNON CORP/NY (CMCO)

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columbus mckinnon corp/ny (CMCO) Details

Columbus McKinnon Corporation designs, manufactures, and markets material handling products and services for various commercial and industrial end-user markets in the United States, Europe, Canada, and internationally. The company offers electric, lever, hand, and air-powered hoists; hoist trolleys; winches; industrial crane systems, such as overhead bridge, jib, and gantry cranes; alloy and carbon steel chains; and closed-die forged chain attachments, including hooks, shackles, textile slings, clamps, hammerloks, master links, logging tools, and load binders. It also provides industrial components, such as mechanical and electromechanical actuators and rotary unions, below-the-hook special purpose lifters, clamps, textile strappings, tire shredders, and light-rail systems. The company offers its products through commercial distributors and end-users under the Budgit, Chester, CM, Coffing, Duff-Norton, Little Mule, Pfaff, Shaw-Box, Yale, Herc-Alloy, Abell-Howe, and Washington Equipment brand names. It sells its products to various industries, including manufacturing, power generation and distribution, utilities, wind power, warehouses, commercial construction, oil and gas exploration and refining, petrochemical, marine, ship building, transportation and heavy duty trucking, agriculture, logging, and mining, as well as to the entertainment industry comprising permanent and traveling concerts, live theater, and sporting venues. Columbus McKinnon Corporation was founded in 1875 and is headquartered in Amherst, New York.

2,626 Employees
Last Reported Date: 05/29/14
Founded in 1875

columbus mckinnon corp/ny (CMCO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $679.8K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $301.2K
Vice President of Europe, Middle East and Afr...
Total Annual Compensation: $287.1K
Vice President of Global Services and Vertica...
Total Annual Compensation: $275.1K
Compensation as of Fiscal Year 2014.

columbus mckinnon corp/ny (CMCO) Key Developments

Columbus McKinnon Corporation Declares Quarterly Dividend Payable on or about May 18, 2015

Columbus McKinnon Corporation announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.04 per common share. The dividend will be payable on or about May 18, 2015 to shareholders of record at the close of business on May 8, 2015.

Columbus McKinnon Corporation Offers CM Lodestar® Electric Chain Hoist as an Economical 2-Ton

The CM Lodestar® electric chain hoist is now available as an economical 2-ton, single-reeved unit. Made in America by Columbus McKinnon Corporation, the CM Lodestar is a lifting powerhouse well suited to a variety of industrial applications. The new 2-ton, single-reeved Lodestar features 10 millimeter, zinc-plated Star Grade load chain that is designed and manufactured in the USA by Columbus McKinnon. And, because it's a single-reeved unit, the design prevents the lower hook block from capsizing and damaging the hoist. The Lodestar electric chain hoist is known for reliable operation throughout its long service life. It requires less maintenance and allows for easy access to key components for inspection and repairs. The Lodestar features a 5-pocket lift wheel for better chain engagement, as well as a clutch located outside of the load path to prevent overload conditions. It also exceeds H4 requirements and is engineered for high duty cycles. Two-ton, single-reeved Lodestar units are also available for the entertainment marketplace.

Columbus McKinnon Corporation Completes Redemption of 7 7/8% Senior Subordinated Notes Due 2019

Columbus McKinnon Corporation announced that it has redeemed all of its outstanding $150 million of 7.875% senior subordinated notes due February 1, 2019. The aggregate price paid for the redemption was $156.6 million, including a 3.938% call premium, or $5.9 million, and $0.7 million of accrued interest on the Notes. The redemption was funded by the company's new $125 million delayed-draw senior secured term loan facility and cash on hand. The restructuring provides lower cost debt and greater financial flexibility. It reduces cash interest expense by approximately $7.6 million annually. Interest expense savings are expected to result in approximately $0.27 of earnings per diluted share in fiscal 2016.

 

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Industry Analysis

CMCO

Industry Average

Valuation CMCO Industry Range
Price/Earnings 14.5x
Price/Sales 0.8x
Price/Book 1.6x
Price/Cash Flow 13.5x
TEV/Sales 0.4x
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