Columbus McKinnon: Q1 Earnings Insights

Shares of Columbus McKinnon CMCO were unchanged after the company reported Q1 results.

Quarterly Results

Earnings per share were up 885.71% year over year to $0.69, which beat the estimate of $0.43.

Revenue of $213,464,000 up by 53.49% year over year, which missed the estimate of $215,190,000.

Looking Ahead

Q2 revenue expected between $225,000,000 and $230,000,000.

Details Of The Call

Date: Jul 29, 2021

Time: 10:00 AM

ET Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1479321&tp_key=2ad08b65e6

Price Action

Company's 52-week high was at $57.06

Company's 52-week low was at $31.63

Price action over last quarter: down 10.76%

Company Profile

Columbus McKinnon Corp is a designer, manufacturer and marketer of intelligent motion solutions, including motion control products, technologies, automated systems and services, that efficiently and ergonomically move, lift, position and secure materials. Its key products include hoists, crane components, precision conveyors, actuators, rigging tools, light rail workstations, and digital power and motion control systems. The company's targeted market verticals include general industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods and e-commerce/supply chain/warehousing.