On this page of StockholderLetter.com we present the latest annual shareholder letter from COLUMBUS MCKINNON CORP — ticker symbol CMCO. Reading current and past CMCO letters to shareholders can bring important insights into the investment thesis.
Fiscal Year 2024 Annual Report
PURPOSE
Together We Create Intelligent Motion Solutions That Move the
World Forward and Improve Lives
MISSION
We provide expert, professional-grade solutions, and products, building the
trust of customers by solving their high-value problems
VISION
To become the global leader in safe and productive intelligent motion solutions
VALUES
Our values drive everything we do at Columbus McKinnon
Connect Safety to Everything You Do
Take personal responsibility. Care for our people. Build
products everyone can trust.
Be Easy to Do Business With
Focus on the customer. Listen. Simplify.
Deliver On Your Commitments
Aim for greatness. Do your best. Hold yourself accountable.
Think Differently
Be proactive with ideas. Ask questions. Be part of the solution.
Win As a Team
Embrace diversity. Respect each other. Celebrate success.
Act With Integrity
Do the right thing. Extend trust. Appreciate differences.
   Together our family of trusted brands,
known for superior quality, safety, reliability
and productivity, position us to provide
intelligent motion solutions for our
customers    unique material handling needs.

Dear Shareholders and Friends,
Fiscal 2024 was a defining year for Columbus McKinnon,
proving that our platform could once again perform in a dynamic
macroeconomic environment. We delivered record financial
performance and made significant progress advancing our
commercial, operational and transformation initiatives. Our
results are a testament to our business model and the growing
impact of our transformation.
I   m proud of what our talented and diligent team has
accomplished. Grounded in purpose-driven performance, we
are dedicated to improving the lives of our customers, the
communities we serve and the associates who work at
Columbus McKinnon. We are committed to being the leading
and most trusted provider of material handling solutions
focusing on safety, efficiency and productivity. Our team
comes to work every day with one united purpose: creating
intelligent motion solutions that move the world forward and
improve lives.
David Wilson
Director, President & Chief Executive Officer
Over the last year, we acted with speed and agility amid unprecedented conditions. The team excelled, even in
the context of the lingering effects of the pandemic, heightened geopolitical risk, labor shortages, the highest
level of inflation experienced in decades and market fears of recessionary conditions weighing on investors and
customers.
While it   s not possible to know exactly what this next year will hold, we do know that our customers will depend
on us to deliver, both on behalf of themselves and their customers. Our associates, who share my passion for
serving our customers and strive to win each day, position us to deliver after another year of record results.
We are executing on what we can control and have significantly improved our operating performance over the
last year as we have focused on the areas that are most important to our customers. We shortened our lead
times, improved our on-time delivery and reduced our past due backlog to normalized levels. These
accomplishments translate into an improved customer experience and enable us to capture additional share of
wallet with existing customers and grow with new customers.
We took advantage of identified opportunities across our geographies and end markets and invested to position
ourselves for the future. We are making significant strides towards differentiating our business and enhancing our
core capabilities.
We are growing, strategically repositioning our company and generating cash, which provides dry powder to
reinvest into our growth framework where we have multiple levers to drive more scale. We believe that increasing
scale will become a compounding advantage as we execute our strategy over time.
2024 Annual Report
1
 • shareholder letter icon 6/10/2024 Letter Continued (Full PDF)
 • stockholder letter icon 6/12/2023 CMCO Stockholder Letter
 • stockholder letter icon More "Industrial Machinery & Equipment" Category Stockholder Letters
 • Benford's Law Stocks icon CMCO Benford's Law Stock Score = 85


CMCO Shareholder/Stockholder Letter Transcript:

Fiscal Year 2024 Annual Report

PURPOSE
Together We Create Intelligent Motion Solutions That Move the
World Forward and Improve Lives
MISSION
We provide expert, professional-grade solutions, and products, building the
trust of customers by solving their high-value problems
VISION
To become the global leader in safe and productive intelligent motion solutions
VALUES
Our values drive everything we do at Columbus McKinnon
Connect Safety to Everything You Do
Take personal responsibility. Care for our people. Build
products everyone can trust.
Be Easy to Do Business With
Focus on the customer. Listen. Simplify.
Deliver On Your Commitments
Aim for greatness. Do your best. Hold yourself accountable.
Think Differently
Be proactive with ideas. Ask questions. Be part of the solution.
Win As a Team
Embrace diversity. Respect each other. Celebrate success.
Act With Integrity
Do the right thing. Extend trust. Appreciate differences.

   Together our family of trusted brands,
known for superior quality, safety, reliability
and productivity, position us to provide
intelligent motion solutions for our
customers    unique material handling needs.   


Dear Shareholders and Friends,
Fiscal 2024 was a defining year for Columbus McKinnon,
proving that our platform could once again perform in a dynamic
macroeconomic environment. We delivered record financial
performance and made significant progress advancing our
commercial, operational and transformation initiatives. Our
results are a testament to our business model and the growing
impact of our transformation.
I   m proud of what our talented and diligent team has
accomplished. Grounded in purpose-driven performance, we
are dedicated to improving the lives of our customers, the
communities we serve and the associates who work at
Columbus McKinnon. We are committed to being the leading
and most trusted provider of material handling solutions
focusing on safety, efficiency and productivity. Our team
comes to work every day with one united purpose: creating
intelligent motion solutions that move the world forward and
improve lives.
David Wilson
Director, President & Chief Executive Officer
Over the last year, we acted with speed and agility amid unprecedented conditions. The team excelled, even in
the context of the lingering effects of the pandemic, heightened geopolitical risk, labor shortages, the highest
level of inflation experienced in decades and market fears of recessionary conditions weighing on investors and
customers.
While it   s not possible to know exactly what this next year will hold, we do know that our customers will depend
on us to deliver, both on behalf of themselves and their customers. Our associates, who share my passion for
serving our customers and strive to win each day, position us to deliver after another year of record results.
We are executing on what we can control and have significantly improved our operating performance over the
last year as we have focused on the areas that are most important to our customers. We shortened our lead
times, improved our on-time delivery and reduced our past due backlog to normalized levels. These
accomplishments translate into an improved customer experience and enable us to capture additional share of
wallet with existing customers and grow with new customers.
We took advantage of identified opportunities across our geographies and end markets and invested to position
ourselves for the future. We are making significant strides towards differentiating our business and enhancing our
core capabilities.
We are growing, strategically repositioning our company and generating cash, which provides dry powder to
reinvest into our growth framework where we have multiple levers to drive more scale. We believe that increasing
scale will become a compounding advantage as we execute our strategy over time.
2024 Annual Report
1



shareholder letter icon 6/10/2024 Letter Continued (Full PDF)
 

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