Columbus McKinnon: Fiscal 3Q Earnings Snapshot
GETZVILLE, N.Y. (AP) _ Columbus McKinnon Corp. (CMCO) on Tuesday reported fiscal third-quarter net income of $15.3 million.
On a per-share basis, the Getzville, New York-based company said it had net income of 63 cents. Earnings, adjusted for one-time gains and costs, were 64 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The maker of materials handling products and systems posted revenue of $199.4 million in the period.
Columbus McKinnon shares have declined 12% since the beginning of the year. The stock has increased nearly 1% in the last 12 months.