Columbus McKinnon (CMCO) Tops Q1 EPS by 7c

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Columbus McKinnon Reports Financial Results for First Quarter Fiscal Year 2021

July 30, 2020 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 2021 first quarter, which ended June 30, 2020.

First Quarter Highlights (compared with prior-year period)

Achieved positive operating income and cash generation despite 35% decline in revenue Delivered $1.8 million in operating income in quarter even as end markets were severely challenged due to COVID-19 pandemic; Adjusted operating income* was $5.0... More