Columbus McKinnon taps Asia to reduce backlog — Panjiva
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Columbus McKinnon taps Asia to reduce backlog

Earnings 759 Materials - Chemicals 273 Quote Watch 452 U.S. 5399

Columbus McKinnon, a maker of industrial and factory equipment reported a 29.8% year over year increase in revenues, matched with a 35.8% year over year increase in profit in calendar Q4. This was supported by a large order book and a 127.2% year over year increase in associated Panjiva data. Regardless of success, there were still supply chain challenges to discuss, with CEO David Wilson saying that “electrical components, castings and motors remain difficult to source predictably.” To solve that unpredictability, the company likely turned to known suppliers in Asia and China, increasin...

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