Columbus McKinnon Q4 sales up 36 percent
Columbus McKinnon reported record fourth-quarter revenue of $253 million, a 36 percent gain from $186 million in the same period last year.
Net income in the quarter grew 23 percent to $11.8 million, or 41 cents per diluted share, compared to $9.6 million, or 40 cents, in last year's fourth quarter.
“We delivered exceptional growth as demand for our intelligent motion solutions strengthened throughout the quarter across our end markets," said David Wilson, president and CEO.
Acquisitions added $40.5 million in sales.
In the U.S., volume improved $15.1 million, or 15.9 percent, and price improved $4.4 million, or 4.7 percent. U.S. sales related to acquisitions were $34.6 million. Outside the U.S., volume improved $8.1 million, or 8.9 percent, and price improved $3.9 million, or 4.3 percent. Acquisitions added $5.9 million of sales outside the U.S.
Fiscal year 2022 revenue grew 40 percent to a record $906.6 million and net income more than tripled to $29.7 million, or $1.04 per diluted share, from $9.1 million, or 38 cents, a year ago,
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
