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Columbus McKinnon reports Q3 adjusted EPS 72c, consensus 61c
The Fly

Columbus McKinnon reports Q3 adjusted EPS 72c, consensus 61c

Reports Q3 revenue $230.4M, consensus $228.49M. David J. Wilson, President and CEO, commented, "We achieved solid sales growth as our team took steps to improve our customers’ experience through reductions in past due backlog and improvements in lead times. We were also very pleased with sales and orders in Europe, which have held up well under our new leadership structure. Encouragingly, operating income grew by 32% on 7% higher sales. Importantly, we further reduced debt by $10M in the quarter in line with our current capital allocation priorities as we continue to strengthen our balance sheet."

Published first on TheFly

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