Columbus McKinnon Shares Fall Following Fiscal Q1 Financial Results

MT Newswires Live07-31

Columbus McKinnon's (CMCO) shares were down 5.6% in recent Wednesday trading after the company reported fiscal Q1 adjusted earnings of $0.62 per share, unchanged from a year earlier.

Analysts polled by Capital IQ expected $0.61.

Net sales for the quarter ended June 30 were $239.7 million, up from $235.5 million a year earlier.

Analysts surveyed by Capital IQ expected $241.3 million.

The company expects fiscal Q2 adjusted earnings growth to be down mid-single digits year-over-year, while net sales growth is anticipated to be down low to mid-single digits year-over-year. Analysts expect normalized earnings of $0.82 on revenue of $263.6 million.

Columbus McKinnon maintained its fiscal 2025 outlook, with adjusted earnings growth expected to be mid- to high-single digits year-over-year and revenue growth in low-single digits. Analysts expect $3.08 on revenue of $1.04 billion.

Price: 37.08, Change: -2.18, Percent Change: -5.55

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