The 2020 Mid-Year Economic Update_long

Columbus McKinnon Sales Up Slightly from FY2012

An increase in U.S. sales more than offset the decline in other regions.

Material handling products manufacturer Columbus McKinnon Corp. (NASDAQ: CMCO), Amherst, NY, for the full year ended March 31, 2013, of $597.3 million, up slightly from the prior year. U.S. sales, up 3.9 percent, more than offset the slight decline outside of the U.S. Profit increased 190.3 percent to $78.3 million.

For the fourth quarter, sales for Columbus McKinnon were $144.6 million, down 9.4 percent from the prior-year period. U.S. sales were down 5.8 percent, reflecting a $5.6 million impact of a business divested in August 2012 and three fewer shipping days. Sales outside of the U.S. decreased 14.1 percent, reflecting lower sales volume primarily in Western Europe and Canada as well as fewer shipping days. Profit increased 478.3 percent to $52 million.

The company will continue to invest in global emerging markets, where a faster growth rate is expected compared to the developed markets of the world. According to a press release, Columbus McKinnon is also focusing resources on global vertical markets such as oil & gas, heavy OEM, mining and entertainment.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.