Columbus McKinnon (CMCO) Reports In-Line Q4 EPS

Columbus McKinnon (NASDAQ: CMCO) reported Q4 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $253.4 million versus the consensus estimate of $235.35 million.

GUIDANCE:

Columbus McKinnon sees Q1 2023 revenue of $220-230 million, versus the consensus of $237.1 million.

• Columbus McKinnon expects first quarter fiscal 2023 sales of approximately $220 million to $230 million at current exchange rates which year-over-year has an $8 million to $9 million negative impact. Mr. Wilson concluded, “We expect fiscal 2023 to be another great year for Columbus McKinnon. We are transforming the Company into a faster growing, higher margin business that serves secular-driven markets with strong tailwinds. We are heavily focused on execution and remain confident that we are creating a better business model with stronger earnings power.”

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

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