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Stock impact report

Columbus McKinnon Achieves Record Gross Margin in First Quarter Fiscal Year 2019

Columbus McKinnon Corporation (CMCO) 
Last columbus mckinnon corporation earnings: 2/4 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: cmworks.com/investors
Company Research Source: Business Wire
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 2019 first quarter, which ended June 30, 2018. First Quarter Highlights (compared with prior-year period) Delivered strong results demonstrating progress with Blueprint 2021 strategy to improve earnings power Achieved record gross margin of 35.4% driven by volume and productivity Operating margin was 6.0%; Adjusted operating margin expanded 150 basis points to 11.8%, excluding $11.1 million held for sale impairment charge and $1.9 million of integration costs Net income was $7.7 million; adjusted net income increased 39% to $17.5 million; earnings per diluted share was $0.33, or $0.74 o Show less Read more
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