Columbus McKinnon Reports Financial Results for Third Quarter Fiscal Year 2021
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
Columbus McKinnon (CMCO) Tops Q3 EPS by 11c, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus
January 28, 2021 6:38 AM ESTColumbus McKinnon (NASDAQ: CMCO) reported Q3 EPS of $0.27, $0.11 better than the analyst estimate of $0.16. Revenue for the quarter came in at $166.5 million versus the consensus estimate of $156.73 million.
Third Quarter Highlights
Evolution of strategy and Columbus McKinnon Business System (CMBS) delivered solid operating resultsRevenue of $166.5 million was up 5.5% compared with the trailing second quarterOperating income was $10.4 million with adjusted operating income1 of $11.2 millionStrong cash generation of $25.0 million provided by operating activities; Free cash flow of $21.9 million2Backlog grew to $152.4 million, up 22% over prior-year period and 4%... More