Market Summary
USD34.81-0.01
Delayedas of 22 Sep 2023, 10:24 am-0.03%
CMCO Stock Price
CMCO RSI Chart
CMCO Valuation
CMCO Price/Sales (Trailing)
CMCO Profitability
CMCO Fundamentals
CMCO Revenue
CMCO Earnings
Price Action
52 Week Range
23.4842.87
(Low)(High)
Last 7 days
0.7%
Last 30 days
-6.0%
Last 90 days
-13.6%
Trailing 12 Months
26.0%
CMCO Financial Health
CMCO Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for CMCO
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-21 | Rustowicz Gregory P | acquired | - | - | 27.2554 | executive vp finance, cfo |
2023-08-21 | Schadeberg Terry | acquired | - | - | 17.8516 | president of the americas |
2023-08-21 | Ramos Lara Mario Y. | acquired | - | - | 13.7456 | sr vp global product developm |
2023-08-21 | Chintapalli Appal | acquired | - | - | 15.8382 | president of emea & apac |
2023-08-21 | Paradowski Mark R | acquired | - | - | 11.2721 | sr. vp information services |
2023-08-21 | Korman Alan S | acquired | - | - | 19.4427 | sr vp, gen'l counsel & sec |
2023-08-21 | Brant Bert A. | acquired | - | - | 18.2439 | sr vp global manufacturing op |
2023-08-21 | Williams Adrienne | acquired | - | - | 12.7463 | sr. vice president & chro |
2023-08-21 | Wilson David J. | acquired | - | - | 105 | president & ceo |
2023-07-24 | COLELLA GERARD G | acquired | 130,015 | 41.04 | 3,168 | - |
Which funds bought or sold CMCO recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 91.00 | 1,057 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.82 | 83,323 | 1,405,070 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 0.99 | 12,629 | 132,961 | -% |
2023-08-17 | Orion Portfolio Solutions, LLC | reduced | -6.67 | 53,842 | 2,625,820 | 0.03% |
2023-08-16 | Sunbelt Securities, Inc. | unchanged | - | 967 | 9,146 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -0.78 | 310,529 | 3,945,530 | -% |
2023-08-15 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | reduced | -2.38 | 1,000 | 23,000 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | unchanged | - | 87,599 | 1,020,320 | -% |
2023-08-15 | Belpointe Asset Management LLC | sold off | -100 | -6,193 | - | -% |
2023-08-15 | LAZARD ASSET MANAGEMENT LLC | reduced | -30.35 | -5,871,000 | 18,794,000 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Columbus McKinnon
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | macquarie group ltd | 5.25% | 1,502,730 | SC 13G/A | |
| Feb 10, 2023 | dimensional fund advisors lp | 6.0% | 1,728,957 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.0% | 2,290,667 | SC 13G/A | |
| Feb 11, 2022 | macquarie group ltd | 4.96% | 1,409,227 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G | |
| Feb 08, 2022 | dimensional fund advisors lp | 5.2% | 1,468,009 | SC 13G/A | |
| Feb 02, 2022 | victory capital management inc | 4.64% | 1,318,294 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.3% | 2,086,775 | SC 13G/A | |
| Feb 01, 2022 | franklin mutual advisers llc | 0.9% | 260,628 | SC 13G/A |
Recent SEC filings of Columbus McKinnon
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 11-K | Employee Benefit Details | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading |
CMCO Fair Value
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Peers (Alternatives to Columbus McKinnon)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CAT | 139.5B | 64.8B | 0.68% | 59.26% | 16.69 | 2.15 | 19.88% | 23.71% |
DE | 112.7B | 61.4B | 0.63% | 10.81% | 11.22 | 1.84 | 26.89% | 62.82% |
CMI | 32.4B | 32.2B | -1.76% | 9.94% | 12.49 | 1.01 | 29.87% | 25.35% |
DOV | 19.8B | 8.5B | 1.19% | 16.75% | 19.4 | 2.34 | 3.15% | -10.67% |
| MID-CAP | ||||||||
LECO | 12.0B | - | -4.71% | 31.23% | 25.57 | 38.14 | -70.09% | 32.66% |
PNR | 10.7B | 4.2B | -1.83% | 57.33% | 21.77 | 2.57 | 3.67% | -12.40% |
AGCO | 8.7B | 14.2B | -0.74% | 12.88% | 7.87 | 0.62 | 23.16% | 40.23% |
TEX | 3.8B | 5.0B | 1.70% | 79.47% | 8.61 | 0.77 | 22.48% | 91.50% |
JBT | 3.3B | 2.1B | -2.73% | 15.15% | 25.93 | 1.58 | 14.88% | 7.01% |
KMT | 2.0B | 2.1B | -6.25% | 13.35% | 16.64 | 0.95 | 3.27% | -18.09% |
| SMALL-CAP | ||||||||
CMCO | 999.6M | 951.4M | -6.04% | 25.97% | 20.27 | 1.05 | 4.17% | 8.83% |
HY | 767.9M | 3.9B | 1.47% | 65.46% | 21.82 | 0.2 | 18.61% | 115.65% |
PLOW | 692.7M | 615.7M | -0.76% | 2.31% | 19.43 | 1.13 | 7.88% | 20.17% |
MTW | 522.2M | 2.2B | -4.49% | 71.46% | -4.97 | 0.24 | 17.70% | -829.86% |
Columbus McKinnon News
Returns for CMCO
Cumulative Returns on CMCO
4.4%
10-Year Cumulative Returns
11.1%
7-Year Cumulative Returns
-3.5%
5-Year Cumulative Returns
1.9%
3-Year Cumulative Returns
Risks for CMCO
What is the probability of a big loss on CMCO?
90.8%
Probability that Columbus McKinnon stock will be more than 20% underwater in next one year
58.5%
Probability that Columbus McKinnon stock will be more than 30% underwater in next one year.
34.2%
Probability that Columbus McKinnon stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CMCO drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Columbus McKinnon was unfortunately bought at previous high price.
Drawdowns
Financials for Columbus McKinnon
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.6% | 951 | 936 | 936 | 921 | 913 | 907 | 839 | 790 | 724 | 650 | 653 | 686 | 736 | 809 | 836 | 854 | 864 | 876 | 874 | 865 | 861 |
| Gross Profit | 1.2% | 346 | 342 | 336 | 329 | 324 | 316 | 294 | 275 | 249 | 220 | 222 | 235 | 252 | 283 | 293 | 299 | 301 | 305 | 304 | 299 | 295 |
| Operating Expenses | - | 248 | - | 241 | 238 | 236 | - | 241 | 221 | 198 | - | 171 | 174 | 184 | - | 192 | 218 | 222 | - | 245 | 230 | 231 |
| S&GA Expenses | -1.1% | 101 | 103 | 104 | 103 | 102 | 99.00 | 93.00 | 87.00 | 82.00 | 77.00 | 78.00 | 83.00 | 87.00 | 91.00 | 93.00 | 93.00 | 95.00 | 98.00 | 102 | 103 | 104 |
| R&D Expenses | 3.7% | 22.00 | 21.00 | 19.00 | 19.00 | 17.00 | 15.00 | 15.00 | 14.00 | 13.00 | 12.00 | 12.00 | 11.00 | 11.00 | 11.00 | 12.00 | 12.00 | 13.00 | 13.00 | 14.00 | 14.00 | 14.00 |
| EBITDA | -100.0% | - | 143 | 137 | 129 | 127 | 99.00 | 85.00 | 73.00 | 49.00 | 48.00 | 52.00 | 65.00 | 89.00 | 118 | 125 | 112 | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.15* | 0.15* | 0.14* | 0.10* | 0.11* | 0.10* | 0.09* | 0.07* | 0.07* | 0.08* | 0.10* | 0.12* | 0.15* | 0.15* | 0.13* | - | - | - | - | - |
| Interest Expenses | 9.3% | 29.00 | 26.00 | 24.00 | 21.00 | 19.00 | 19.00 | 17.00 | 12.00 | 13.00 | 9.00 | 10.00 | 13.00 | 11.00 | 12.00 | 12.00 | 13.00 | 14.00 | 14.00 | 15.00 | 15.00 | - |
| Earnings Before Taxes | -6.2% | 70.00 | 74.00 | 71.00 | 65.00 | 66.00 | 38.00 | 31.00 | 28.00 | 4.00 | 10.00 | 13.00 | 24.00 | 49.00 | 77.00 | 84.00 | 68.00 | 67.00 | 53.00 | 43.00 | 50.00 | 44.00 |
| EBT Margin | -100.0% | - | 0.08* | 0.08* | 0.07* | 0.05* | 0.04* | 0.04* | 0.04* | 0.01* | 0.02* | 0.02* | 0.03* | 0.07* | 0.10* | 0.10* | 0.08* | - | - | - | - | - |
| Net Income | 1.8% | 49.00 | 48.00 | 46.00 | 44.00 | 45.00 | 30.00 | 27.00 | 24.00 | 5.00 | 9.00 | 9.00 | -0.80 | 20.00 | 60.00 | 52.00 | 73.00 | 73.00 | 43.00 | 51.00 | 22.00 | 18.00 |
| Net Income Margin | -100.0% | - | 0.05* | 0.05* | 0.05* | 0.04* | 0.03* | 0.03* | 0.03* | 0.01* | 0.01* | 0.01* | 0.03* | 0.05* | 0.07* | 0.08* | 0.06* | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 71.00 | 29.00 | 26.00 | 33.00 | 36.00 | 38.00 | 49.00 | 80.00 | 107 | 116 | 110 | 113 | 98.00 | 87.00 | 80.00 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 9.5% | 1,860 | 1,698 | 1,649 | 1,629 | 1,635 | 1,686 | 1,671 | 1,586 | 1,581 | 1,150 | 1,147 | 1,132 | 1,103 | 1,093 | 1,080 | 1,071 | 1,090 | 1,062 | 1,063 | 1,104 | 1,108 |
| Current Assets | 3.6% | 514 | 496 | 464 | 459 | 443 | 467 | 441 | 408 | 382 | 442 | 414 | 409 | 393 | 383 | 362 | 361 | 358 | 363 | 348 | 365 | 359 |
| Cash Equivalents | -19.7% | 107 | 133 | 82.00 | 89.00 | 86.00 | 116 | 107 | 106 | 89.00 | 202 | 188 | 187 | 152 | 115 | 84.00 | 72.00 | 56.00 | 71.00 | 58.00 | 58.00 | 58.00 |
| Inventory | 14.2% | 205 | 179 | 201 | 193 | 189 | 172 | 175 | 148 | 139 | 111 | 113 | 112 | 125 | 127 | 135 | 142 | 151 | 146 | 150 | 158 | 156 |
| Net PPE | 4.3% | 98.00 | 94.00 | 94.00 | 93.00 | 96.00 | 98.00 | 98.00 | 97.00 | 100 | 75.00 | 72.00 | 73.00 | 77.00 | 79.00 | 81.00 | 83.00 | 85.00 | 87.00 | 89.00 | 102 | 104 |
| Goodwill | 13.5% | 732 | 645 | 642 | 628 | 641 | 649 | 657 | 615 | 622 | 331 | 339 | 331 | 323 | 320 | 323 | 318 | 325 | 323 | 327 | 329 | 330 |
| Liabilities | 17.1% | 1,013 | 865 | 839 | 845 | 860 | 913 | 926 | 851 | 856 | 620 | 650 | 652 | 636 | 630 | 595 | 608 | 638 | 630 | 642 | 680 | 698 |
| Current Liabilities | 9.2% | 264 | 242 | 215 | 222 | 219 | 250 | 231 | 237 | 245 | 184 | 144 | 156 | 160 | 155 | 206 | 209 | 205 | 211 | 195 | 197 | 196 |
| Long Term Debt | -100.0% | - | 431 | - | - | - | 471 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Current | 0.0% | 41.00 | 41.00 | 41.00 | 41.00 | 41.00 | 41.00 | 41.00 | 61.00 | 61.00 | 4.00 | 4.00 | 29.00 | 29.00 | 4.00 | 65.00 | 65.00 | 65.00 | 65.00 | 60.00 | 60.00 | 60.00 |
| LT Debt, Non Current | 25.1% | 539 | 431 | 441 | 451 | 461 | 471 | 481 | 393 | 399 | 245 | 245 | 246 | 246 | 247 | 187 | 206 | 226 | 235 | 255 | 279 | 294 |
| Shareholder's Equity | 1.6% | 847 | 834 | 811 | 784 | 775 | 773 | 746 | 735 | 724 | 530 | 497 | 480 | 467 | 464 | 467 | 464 | 452 | 431 | 452 | 424 | 410 |
| Retained Earnings | 2.6% | 366 | 357 | 347 | 337 | 325 | 316 | 308 | 300 | 287 | 294 | 287 | 282 | 287 | 290 | 287 | 270 | 255 | 236 | 255 | 221 | 206 |
| Additional Paid-In Capital | 0.1% | 516 | 516 | 512 | 509 | 506 | 506 | 504 | 500 | 496 | 296 | 294 | 291 | 289 | 287 | 289 | 284 | 280 | 278 | 280 | 276 | 274 |
| Shares Outstanding | 0.3% | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 28.00 | 28.00 | 27.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 23.00 | 23.00 | 23.00 | 23.00 | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -7.3% | 78.00 | 84.00 | 42.00 | 37.00 | 45.00 | 49.00 | 51.00 | 70.00 | 82.00 | 99.00 | 108 | 116 | 118 | 107 | 96.00 | 90.00 | 69.00 | 79.00 | 72.00 | 62.00 | 63.00 |
| Share Based Compensation | 8.8% | 11.00 | 10.00 | 9.00 | 9.00 | 9.00 | 11.00 | 10.00 | 9.00 | 8.00 | 8.00 | 6.00 | 7.00 | 7.00 | 5.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Cashflow From Investing | -774.1% | -121 | -13.93 | -14.29 | -80.54 | -78.71 | -554 | -557 | -488 | -491 | -5.55 | -2.14 | -1.77 | -2.11 | -9.96 | -2.64 | 1.00 | 2.00 | 2.00 | -7.20 | -15.80 | -18.06 |
| Cashflow From Financing | 233.8% | 67.00 | -49.99 | -50.19 | 29.00 | 34.00 | 421 | 431 | 338 | 342 | -10.19 | -8.80 | -3.43 | -18.89 | -51.55 | -66.44 | -73.14 | -70.66 | -67.78 | -68.19 | -56.10 | -52.56 |
| Dividend Payments | 0.1% | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 |
| Buy Backs | -100.0% | - | 1.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
CMCO Income Statement
2023-06-30Condensed Consolidated Statements of Operations and Retained Earnings - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues [Abstract] | ||
| Revenue from Contract with Customer, Excluding Assessed Tax | $ 235,492 | $ 220,287 |
| Cost of Goods and Services Sold | 148,843 | 137,768 |
| Gross Profit | 86,649 | 82,519 |
| Operating Expenses [Abstract] | ||
| Selling expenses | 24,981 | 26,156 |
| General and administrative expenses | 27,443 | 21,881 |
| Research and Development Expense | 5,900 | 5,130 |
| Amortization of intangibles | 6,877 | 6,535 |
| Operating Expenses | 65,201 | 59,702 |
| Income from operations | 21,448 | 22,817 |
| Other Income & Expenses [Abstract] | ||
| Interest Expense | 8,625 | 6,203 |
| Investment (income) loss | (543) | 430 |
| Foreign currency exchange (gain) loss | 483 | 1,203 |
| Other (income) expense, net | 214 | (2,303) |
| Income Tax Expense Benefit [Abstract] | ||
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 12,669 | 17,284 |
| Income tax expense (benefit) | 3,394 | 8,893 |
| Net income (loss) | 9,275 | 8,391 |
| Retained Earnings Accumulated Deficit [Abstract] | ||
| Retained earnings - beginning of period | 356,758 | 316,343 |
| Retained earnings - end of period | $ 366,033 | $ 324,734 |
| Weighted Average Number Of Shares Outstanding Basic [Abstract] | ||
| Average basic shares outstanding | 28,662 | 28,544 |
| Weighted Average Number Of Shares Outstanding [Abstract] | ||
| Average diluted shares outstanding | 28,906 | 28,699 |
| Earnings Per Share Basic [Abstract] | ||
| Basic income (loss) per share: | $ 0.32 | $ 0.29 |
| Earnings Per Share Diluted [Abstract] | ||
| Diluted income (loss) per share: | $ 0.32 | $ 0.29 |
| Retained Earnings | ||
| Income Tax Expense Benefit [Abstract] | ||
| Net income (loss) | $ 9,275 | $ 8,391 |
| Retained Earnings Accumulated Deficit [Abstract] | ||
| Retained earnings - end of period | $ 366,033 | |
CMCO Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 106,994 | $ 133,176 |
| Trade accounts receivable, less allowance for doubtful accounts ($3,573 and $3,620, respectively) | 165,050 | 151,451 |
| Inventories | 204,747 | 179,359 |
| Prepaid expenses and other | 37,435 | 32,254 |
| Total current assets | 514,226 | 496,240 |
| Property, plant, and equipment, net | 98,372 | 94,360 |
| Goodwill | 731,953 | 644,629 |
| Other intangibles, net | 409,541 | 362,537 |
| Marketable securities | 10,253 | 10,368 |
| Deferred Income Tax Assets, Net | 2,145 | 2,035 |
| Other assets | 93,019 | 88,286 |
| Total assets | 1,859,509 | 1,698,455 |
| Current liabilities: | ||
| Trade accounts payable | 77,378 | 76,736 |
| Accrued liabilities | 145,927 | 124,317 |
| Current portion of long-term debt and finance lease obligations | 40,619 | 40,604 |
| Total current liabilities | 263,924 | 241,657 |
| Term loan and revolver, less current portion | 539,150 | 430,988 |
| Other non current liabilities | 209,478 | 192,013 |
| Total liabilities | 1,012,552 | 864,658 |
| Shareholders' equity: | ||
| Common Stock, Value, Issued | 287 | 286 |
| Treasury Stock, Value | (1,001) | (1,001) |
| Additional paid in capital | 516,197 | 515,797 |
| Retained earnings | 366,033 | 356,758 |
| Accumulated other comprehensive loss | (34,559) | (38,043) |
| Total shareholders' equity | $ 846,957 | $ 833,797 |
| Common Stock, Shares, Issued | 28,707,702 | 28,611,721 |
| Common Stock, Shares Authorized | 50,000,000 | 50,000,000 |
| Common Stock, Shares, Outstanding | 28,707,702 | 28,611,721 |
| Total liabilities and shareholders' equity | $ 1,859,509 | $ 1,698,455 |
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected hoists, custom engineered hoists, and winches; crane systems, such as crane components, crane kits, enclosed track rail systems, mobile and workstation cranes, jib cranes, lift assists, and fall protection systems; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, clamps, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators. It also provides power and motion technology products, including AC motor controls and line regenerative systems, automation and diagnostics, brakes, cable and festoon systems, collision avoidance systems, conductor bar systems, DC motor and magnet control systems, elevator drives, inverter duty motors, mining drives, pendant pushbutton stations, radio controls, and wind inverters; power delivery subsystems; overhead aluminum light rail workstations; and sanitary and vertical elevation, fabric and modular belt conveyors, and flexible chain conveyor systems, as well as pallet system conveyors. The company serves market verticals, including general industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods, and e-commerce/supply chain/warehousing. It offers its products to end users directly, as well as through distributors, independent crane builders, material handling specialists and integrators, government agencies, original equipment manufacturers, and engineering procurement and construction firms. The company was founded in 1875 and is headquartered in Buffalo, New York.