Columbus McKinnon Corp. (CMCO) Releases Earnings Results, Beats Expectations By $0.01 EPS

Columbus McKinnon Corp. (CMCO) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.31. The company posted revenue of $149.00 million in the period, compared to analysts expectations of $147.50 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Columbus McKinnon Corp. opened for trading at $16.535 and hit $16.535 on the upside on Thursday, eventually ending the session at $16.13, with a gain of 0.44% or 0.07 points. The heightened volatility saw the trading volume jump to 62,119 shares. Company has a market cap of $325 M.

In a different news, on Mar 4, 2015, Stephanie K Kushner (director) sold 1,000 shares at $27.00 per share price. According to the SEC, on Feb 27, 2015, Richard A Steinberg (V.P. – Human Resources) sold 8,647 shares at $26.54 per share price. On Feb 24, 2015, Gene P Buer (VP Global Svs/Vertical Markets) sold 1,786 shares at $25.79 per share price, according to the Form-4 filing with the securities and exchange commission.

Columbus McKinnon Corporation is a global designer manufacturer and marketer of hoists rigging tools cranes actuators and other material handling products serving a range of commercial and industrial end user markets. The Company’s products include a range of electric air-powered lever and hand hoists hoist trolleys winches industrial crane systems such as steel bridge gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments such as hooks shackles textile slings clamps logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders. The Company’s products are used in a range of industries including manufacturing power generation and distribution utilities wind power warehouses commercial construction oil and gas exploration and refining ship building transportation and heavy duty trucking agriculture logging and mining.

Columbus McKinnon Corp.

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