Columbus McKinnon (CMCO) Tops Q1 EPS by 14c

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Go back to Columbus McKinnon (CMCO) Tops Q1 EPS by 14c

Columbus McKinnon Achieves Record Gross Margin in First Quarter Fiscal Year 2019

July 31, 2018 6:30 AM EDT

BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of motion control products, technologies and services for material handling, today announced financial results for its fiscal year 2019 first quarter, which ended June 30, 2018.

First Quarter Highlights (compared with prior-year period)

Delivered strong results demonstrating progress with Blueprint 2021 strategy to improve earnings power Achieved record gross margin of 35.4% driven by volume and productivity Operating margin was 6.0%; Adjusted operating margin expanded 150 basis points to... More