Columbus McKinnon (CMCO) Tops Q3 EPS by 5c

Columbus McKinnon (NASDAQ: CMCO) reported Q3 EPS of $0.64, $0.05 better than the analyst estimate of $0.59. Revenue for the quarter came in at $199.4 million versus the consensus estimate of $201.54 million.

Fourth Quarter Fiscal 2020 Outlook:

As has been well noted, macroeconomic conditions for industrial companies have slowed. While the Company’s third quarter orders and backlog were indicative of these conditions, the Company believes the Blueprint for Growth strategy is effective in all economic environments. Columbus McKinnon expects that the benefits from its Blueprint for Growth strategy can continue to offset headwinds, fund investments for growth, and drive margin and earnings expansion. The Company expects revenue in the fourth quarter of fiscal year 2020 to be approximately $196 million to $201 million, down about 5% to 7% compared with revenue of approximately $210 million in the prior-year period (excluding divestitures and adjusted for foreign currency translation at current rates).

For earnings history and earnings-related data on Columbus McKinnon (CMCO) click here.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• WM (WM) Tops Q1 EPS by 25c
• ESSA Bancorp (ESSA) Tops Q2 EPS by 13c