Columbus McKinnon to Provide Strategy and Long-Term Financial Goals Update at Investor Day 2022

BUFFALO, NY–(BUSINESS WIRE)–Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will host its previously announced Hybrid Investor Day, Unleashing the potential of CMCO: going beyond the blueprint today from 9:00 a.m. ET. Columbus McKinnon’s leadership team will discuss the company’s strategy, its transformation into a leading smart motion solutions company and its new five-year financial goals.

David J. Wilson, President and CEO of Columbus McKinnon, said, “We’ve made great strides in transforming Columbus McKinnon from a legacy cyclical industrial company into a

leading, secularly growing smart motion solutions company. We are on our way to becoming the global leader in safe and productive smart material handling solutions that move the world forward and improve lives. Importantly, our journey drives our growth and ability to generate profits as we seek to grow beyond a CAGR of 10% to reach $1.5 billion in revenue this fiscal year. 2027 with EBITDA margins of 21%. We have a clear path to meet and exceed our initial EBTIDA margin target of 19% as we expand our potential market, innovate to drive organic and inorganic growth, and implement our simplification efforts to reduce costs. »

As previously announced, a live video webcast of the Investor Day event will begin at 9 a.m. ET today and end around 12:30 p.m. ET. The event can be viewed at investor.columbusmckinnon.com. A replay of the presentations, along with a copy of the slides, will also be available on the Society’s website after the event.

About Columbus McKinnon

Columbus McKinnon is one of the world’s leading designers, manufacturers and marketers of intelligent motion solutions that move the world forward and improve lives by moving, lifting, positioning and securing materials efficiently and ergonomically. Major products include hoists, crane components, precision conveying systems, rigging tools, light rail workstations, and digital power and motion control systems. The company focuses on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Complete information about Columbus McKinnon is available at www.columbusmckinnon.com.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding future sales and profits, involve known and unknown risks , uncertainties and other factors. which could cause the Company’s actual results to differ materially from the results expressed or implied by such statements, including the impact of supply chain challenges and inflation, the Company’s ability to scale the organization, achieve its financial goals, including revenue and EBITDA adjustments and execute the CMBS and Core Growth Framework; and global economic and business conditions, conditions affecting the industries served by the Company and its affiliates, the Company’s customers and suppliers, competitors’ responses to the Company’s products and services, the overall acceptance of such products and services by market, the ability to expand into new markets and geographies, and other factors disclosed in the Company’s periodic reports filed with the Securities and Exchange Commission.

This release also contains forward-looking statements regarding non-GAAP Adjusted EBITDA and Adjusted EBITDA margin. The Company is unable to present a quantitative reconciliation of these non-GAAP forward-looking financial measures to their most directly comparable GAAP forward-looking financial measures because such information is not available and management cannot predict reliably the necessary components of these GAAP measures without unreasonable effort or expense. In addition, the Company believes that such reconciliations would involve a degree of precision that would be confusing or misleading to investors. Unavailable information could have a material impact on the Company’s FY27 financial results. These non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, but not limited to, changes related to quarter-end and year-end adjustments. Any differences between the Company’s actual results and the preliminary financial data presented above may be material. The Company undertakes no obligation to update the forward-looking information contained in this press release.

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