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Stock Market & Financial Investment News

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July 31, 2014
06:58 EDTCMCOColumbus McKinnon reports Q1 EPS, consensus 41c
Reports Q1 revenue $142.9M, consensus $150.07M; U.S. sales, which comprised 57% of total sales, were essentially flat, down by $0.1 million to $81.9 million. Sales outside of the U.S. were up $4.2 million, or 7.3%, to $61.0 million for the quarter. Solid demand for Columbus McKinnon's products in Europe and Canada, improved pricing and the Austrian acquisition more than offset the impact of one less shipping day.
News For CMCO From The Last 14 Days
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January 28, 2016
07:14 EDTCMCOColumbus McKinnon reports backlog of $97.6M at December 31
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07:14 EDTCMCOColumbus McKinnon reports Q3 adjusted EPS 32c, consensus 39c
Reports Q3 revenue $159.7M, consensus $164.97M. Reduced adjusted net income was primarily the result of lower organic sales volume in the U.S. and the related under-absorption of fixed costs. Adjusted net income excludes Magnetek acquisition deal costs of $0.3 million and acquisition purchase accounting adjustments of $0.4 million for inventory step-up expense and $0.3 million for backlog amortization, all after tax, as well as an adjustment of $1.7 million to reflect a more normalized tax rate of 34%.

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