Columbus McKinnon (CMCO) Tops Q1 EPS by 23c
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Columbus McKinnon Reports $0.51 Earnings per Diluted Share on 37% Sales Growth for First Quarter Fiscal Year 2018
August 1, 2017 6:30 AM EDTAMHERST, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (NASDAQ: CMCO), a leading designer, manufacturer and marketer of material handling products, technologies and services, today announced financial results for its fiscal year 2018 first quarter, which ended June 30, 2017. Fiscal year 2018 first quarter results include the January 31, 2017 acquisition of STAHL CraneSystems (STAHL).
First Quarter Highlights (compared with prior-year period)
Sales for the quarter were $203.7 million, up 36.7%; excluding acquisitions, organic revenue was up 8.0% on measurably higher U.S. volume Achieved record gross profit margin of 34%; operating profit margin was... More