Columbus McKinnon Blueprint for Growth Strategy Continues to Strengthen Earnings Power in Second Quarter Fiscal Year 2020
Columbus McKinnon Corporation (CMCO)
Last columbus mckinnon corporation earnings: 2/4 06:30 am
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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 2020 second quarter, which ended September 30, 2019.Second Quarter Highlights (compared with prior-year period)Revenue up 1.8% adjusted for divestitures and changes in foreign currency exchange rates driven by impact of 80/20 Process and solid projects businessBlueprint for Growth strategy delivered operating margin expansion of 80 basis points to 12.2%; Adjusted operating margin expanded 100 bps to 12.7%$5.2 million in operating income contributions realized from 80/20 process, including footprint rationalization, more than offset headwindsNet income was $16.6 million, up 4.3%; Adjusted net income increased 8.1%Generated strong operating cash flow of $40 million in the quarterMark Morelli, President and CEO of Columbus McKinnon,
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News
- An Intrinsic Calculation For Columbus McKinnon Corporation (NASDAQ:CMCO) Suggests It's 30% Undervalued [Yahoo! Finance]Yahoo! Finance
- Hoist Market Report: Global Industry Trends, Forecast and Competitive Analysis to 2030 Featuring Columbus McKinnon, Demag Cranes & Components, Donati Sollevamenti, TWG, and Hitachi Industrial Equipment Systems [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon Corporation's (NASDAQ:CMCO) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock? [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon and Milwaukee Tool Announce Development of First-of-Its Kind Battery-Powered Chain Hoist Combining Industry-Leading Hoist and Battery Technology [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon and Milwaukee Tool Announce Development of First-of-Its Kind Battery-Powered Chain Hoist Combining Industry-Leading Hoist and Battery TechnologyBusiness Wire
CMCO
Earnings
- 1/31/24 - Beat
CMCO
Sec Filings
- 3/26/24 - Form 3
- 3/19/24 - Form 8-K
- 3/18/24 - Form 8-K
- CMCO's page on the SEC website