Columbus McKinnon (CMCO) Tops Q3 EPS by 2c

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Go back to Columbus McKinnon (CMCO) Tops Q3 EPS by 2c

Columbus McKinnon Gross Profit Increased 7% on 4% Revenue Growth in Third Quarter Fiscal Year 2019

January 31, 2019 6:30 AM EST

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 third quarter, which ended December 31, 2018.

Third Quarter Highlights (compared with prior-year period)

Blueprint for Growth strategy working: 80/20 process delivered cost savings and improved earnings power Strong cash generation: Paid down more than $50 million in debt year-to-date; net leverage ratio now less than 2x... More