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Columbus McKinnon Corp (CMCO.OQ)

CMCO.OQ on NASDAQ Stock Exchange Global Select Market

26.95USD
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Konecranes sells STAHL CraneSystems business to Columbus McKinnon
Wednesday, 7 Dec 2016 02:30am EST 

Konecranes Oyj : Has signed agreement with Columbus McKinnon Corporation regarding divestment of STAHL CraneSystems business . Will receive cash proceeds of 224 million euros - 230 million euros ($240.1-$246.5 million) from transaction depending on 2016 result of STAHL CraneSystems . Expects to book after-tax capital gain of about 190 million euros upon closing of STAHL divestment .Says will use proceeds from STAHL CraneSystems divestment to amortize loans related to MHPS Acquisition.  Full Article

Columbus Mckinnon to acquire Stahl Cranesystems
Wednesday, 7 Dec 2016 02:30am EST 

Columbus Mckinnon Corp : Cost synergies of about $11 million annually expected . Financing will be structured as senior secured debt up to $570 million including a new $75 million revolver . Columbus Mckinnon - Estimate one-time transaction related costs in fiscal 2017 between $8.0 million and $9.0 million, one-time restructuring costs of about $6 million in 2018 . Columbus- All-Cash transaction value for deal is $240 million with earn-out potential up to million $246 million if certain earnings goals are met for year 2016 .Columbus Mckinnon to acquire Stahl Cranesystems.  Full Article

Columbus Mckinnon reports quarterly earnings of $0.32 per share
Thursday, 28 Jul 2016 08:02am EDT 

Columbus Mckinnon Corp : Columbus Mckinnon reports first quarter fiscal year 2017 financial results . Q1 earnings per share $0.32 . Q1 earnings per share view $0.31 -- Thomson Reuters I/B/E/S . Q1 sales $149 million versus I/B/E/S view $147.5 million . "We still believe the year will be challenging, but end markets appear to be stabilizing" .Believe that North American market may have bottomed as oil prices and rig counts have stabilized & supporting industries seemed to have steadied.  Full Article

Columbus Mckinnon qtrly earnings per share $0.29
Wednesday, 1 Jun 2016 06:55am EDT 

Columbus Mckinnon Corp : Q4 sales $155.1 million versus i/b/e/s view $164.4 million . Columbus Mckinnon Corp says excluding negative effects of foreign currency exchange, q4 sales increased $9.9 million, or 6.6% . Columbus Mckinnon Corp says fiscal year 2017 will be a challenging time for co as global industrial markets will most likely remain weak . Q4 earnings per share view $0.36, revenue view $164.4 million -- Thomson Reuters I/B/E/S . Qtrly earnings per share $ 0.29 . Backlog was $98.6 million at march 31, 2016, compared with $97.6 million at december 31, 2015. . For fiscal 2017, capital expenditures are expected to be approximately $18 million. .Columbus mckinnon reports fourth quarter and full year fiscal 2016 financial results.  Full Article

Columbus McKinnon Declares Quarterly Dividend of $0.04 per Share
Thursday, 31 Mar 2016 04:15pm EDT 

Columbus McKinnon Corporation:approved payment of a regular quarterly dividend of $0.04 per common share.The dividend will be payable on or about May 16, 2016 to shareholders of record at the close of business on May 6, 2016.  Full Article

Columbus McKinnon Corp declares regular quarterly dividend
Monday, 26 Oct 2015 06:55am EDT 

Columbus McKinnon Corp:Declares regular quarterly dividend of $0.04 per common share.Payable on or about Nov. 23 to shareholders of record at the close of business on Nov. 13.  Full Article

Columbus McKinnon Corporation declares quarterly dividend
Monday, 27 Jul 2015 04:05pm EDT 

Columbus McKinnon Corporation:Approved payment of a regular quarterly dividend of $0.04 per common share.Says the dividend will be payable on or about August 24, 2015 to shareholders of record at the close of business on August 14, 2015.  Full Article

Columbus McKinnon to Acquire Magnetek, Inc
Monday, 27 Jul 2015 06:55am EDT 

Columbus McKinnon:To acquire Magnetek Inc.Deal for $188.9 million.Deal for $50.00 per share.Says about $0.40 accretive in the first full year of combined operations.Says agreement has been approved unanimously by the boards of directors of both companies.Says run rate cost synergies of about $5 million by FY 2017.Says all-cash transaction value of $188.9 million will be funded through a combination of cash on hand and debt.Columbus McKinnon estimates its one-time costs related to the transaction to be between $7.5 million to $8.5 million.  Full Article

Columbus McKinnon declares quarterly dividend
Monday, 30 Mar 2015 04:05pm EDT 

Columbus McKinnon:Approves payment of a regular quarterly dividend of $0.04 per common share.Payable on or about May 18 to shareholders of record at the close of business on May 8.  Full Article

Columbus McKinnon Corp declares quarterly dividend of $0.04 per share
Monday, 26 Jan 2015 04:05pm EST 

Columbus McKinnon Corp:Approves payment of a regular quarterly dividend of $0.04 per common share.Payable on or about Feb. 17, of record date on Feb. 6.  Full Article

BRIEF-Columbus McKinnon Q2 earnings per share $0.33

* Columbus McKinnon reports second quarter fiscal year 2017 financial results