Columbus McKinnon (CMCO) Misses Q4 EPS by 7c; Sees Challenging FY17
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Columbus McKinnon Reports Fourth Quarter and Full Year Fiscal 2016 Financial Results
June 1, 2016 6:55 AM EDTCash generated by operating activities more than doubled to $19.7 million in the fourth quarter$52.6 million of cash generated from operating activities in fiscal 2016, up 38% from fiscal 2015; $49.9 million of debt repaid since Magnetek acquisitionAchieved goal of $5 million for Magnetek integration cost synergies on a run rate basisGaining market share in U.S. in declining marketFacility consolidations in North America and Europe expected to drive greater efficiencies
AMHERST, N.Y., June 01, 2016 (GLOBE NEWSWIRE) --... More
