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Columbus McKinnon to Provide Update on Strategy and Long-Term Financial Goals at 2022 Investor Day
Strategy drives growth and expands margins by Unlocking the Potential of CMCO: Moving Beyond the Blueprint BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon
About this update from Columbus Mckinnon Corporation
[{"type":"text","content":"\nStrategy drives growth and expands margins by Unlocking the Potential of CMCO: Moving Beyond the Blueprint\n\n BUFFALO, N.Y.--(BUSINESS WIRE)--\nColumbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will host its previously announced hybrid investor day, Unlocking the Potential of CMCO: Moving Beyond the Blueprint today beginning at 9:00 am ET. The Columbus McKinnon leadership team will discuss the Company’s strategy, its transformation into a top-tier intelligent motion solutions company and its new five-year financial targets.\n\nDavid J. Wilson, President and CEO of Columbus McKinnon, commented, “We have made excellent progress transforming Columbus McKinnon from a legacy cyclical industrial company to a\n\ntop-tier, secular growth, intelligent motion solutions company. We are on the path to becoming the global leader in safe and productive intelligent material handling solutions that move the world forward and improve lives. Importantly, our journey drives our growth and earnings power as we look to grow over a 10% CAGR to achieve $1.5 billion in revenue in fiscal 2027 with EBITDA margins of 21%. We have a clear path to achieve and surpass our original 19% EBTIDA margin goal as we expand our addressable market, innovate to drive organic and inorganic growth, and implement our simplification efforts to drive out costs.”\n\nAs previously announced, a live video webcast of the Investor Day event will begin at 9:00 a.m. ET today and conclude at approximately 12:30 p.m. ET. The event can be accessed at investors.columbusmckinnon.com. A replay of the presentations, as well as a copy of the slides, will also be made available on the Company’s website following the event.\n\nAbout Columbus McKinnon\nColumbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering ...