Columbus Mckinnon (CMCO) Misses Q3 EPS by 7c

January 23, 2014 6:56 AM EST
Columbus Mckinnon (NASDAQ: CMCO) reported Q3 EPS of $0.31, $0.07 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $145.1 million versus the consensus estimate of $144.05 million.

Backlog was $98.4 million at December 31, 2013, an increase of $6.5 million, or 7.1%, from backlog of $91.9 million at September 30, 2013. Although the time to convert the majority of backlog to sales typically ranges from one day to a few weeks, backlog can include project-type orders from customers that have defined deliveries that may extend out 12 to 24 months. As of December 31, 2013, project-type backlog of $31.1 million, or 31.6% of total backlog, was scheduled for shipment beyond March 31, 2014. Backlog at December 31, 2013 available for shipment in the quarter ended March 31, 2014 totaled $67.3 million.

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


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