Columbus McKinnon (CMCO) Misses Q4 EPS by 7c; Sees Challenging FY17

June 1, 2016 6:58 AM EDT

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Columbus McKinnon (NASDAQ: CMCO) reported Q4 EPS of $0.29, $0.07 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $155.1 million versus the consensus estimate of $164.37 million.

Fiscal year 2017 will be a challenging time for Columbus McKinnon as the global industrial markets will most likely remain weak. The Company still expects to improve its operations and take advantage of the product innovations and recent acquisitions to help grow its revenue and profits. Free cash flow is expected to be strong and the Company will continue to repay debt to position it for further top- and bottom-line growth. Market shares are expected to improve as Columbus McKinnon gains position in the global market, which will be of tremendous benefit once the industrial markets improve.

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

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