Columbus McKinnon (CMCO) Misses Q2 EPS by 2c

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Go back to Columbus McKinnon (CMCO) Misses Q2 EPS by 2c

Columbus McKinnon Reports Fiscal Year 2016 Second Quarter Financial Results

October 30, 2015 6:55 AM EDT

Acquisitions contributed $13.3 million in sales for total sales of $146.0 million; excluding negative currency translation, sales grew $8.2 million, or 5.7% Gross margin was 32.1% in the quarter, driven by strong business performance; Adjusted gross margin was 32.6% Integration of Magnetek ahead of internal targets with $1.2 million of annual run-rate cost savings accomplished in first month Expect to realize cash value of Magnetek NOLs of $62 million, $24 million greater than anticipated

AMHERST, N.Y., Oct. 30, 2015 (GLOBE NEWSWIRE) -- Columbus McKinnon Corporation (NASDAQ:... More