Columbus McKinnon (CMCO) Tops Q3 EPS by 5c
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Columbus McKinnon Blueprint for Growth Strategy Drove Margin Expansion, Earnings Growth and Strong Cash Generation in Third Quarter Fiscal Year 2020
February 4, 2020 6:30 AM ESTBUFFALO, 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 2020 third quarter, which ended December 31, 2019.
Third Quarter Highlights (compared with prior-year period)
Blueprint for Growth strategy delivers strong operating results overcoming weaker industrial environment Gross margin expanded 20 basis points to 34.0%; Achieved 11th consecutive quarter of year-over-year expansion Diluted earnings per share was $0.63; adjusted diluted earnings per share increased $0.03 to... More