Columbus McKinnon to Provide Update on Strategy and Long-Term Financial Goals at 2022 Investor Day
Columbus 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.
David 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
top-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."
As 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.
About Columbus McKinnon
Safe Harbor Statement
This release also contains forward-looking statements regarding non-GAAP Adjusted EBITDA and Adjusted EBITDA margin. The Company is unable to present a quantitative reconciliation of these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort or expense. In addition, the Company believes that such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company's Fiscal 27 financial results. These non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, among others, changes in connection with quarter-end and year-end adjustments. Any variation between the Company's actual results and preliminary financial data set forth above may be material. The Company assumes no obligation to update the forward-looking information contained in this release.