Columbus McKinnon (CMCO) Tops Q4 EPS by 6c, Beats Revenues

Columbus McKinnon (NASDAQ: CMCO) reported Q4 EPS of $0.40, $0.06 better than the analyst estimate of $0.34. Revenue for the quarter came in at $183.7 million versus the consensus estimate of $176.4 million.

Fourth Quarter and Fiscal Year Highlights

• Sales for the quarter were $183.7 million, up 18.4%; excluding acquisitions, organic revenue was up 2.5%
• Generated $60.5 million in cash from operations in the year; paid down $12.8 million in borrowings during the quarter
• STAHL integration on track to deliver $5 million in synergies in fiscal 2018
• Plan to reduce debt by $45 million to $50 million in fiscal 2018 to achieve net debt to EBITDA ratio of 3x by end of fiscal 2018
• Net loss was $4.7 million, or a loss of $0.22 per diluted share; adjusted net income was $8.9 million, or $0.40 per diluted share

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

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