Columbus McKinnon (CMCO) Tops Q3 EPS by 12c, Beats on Revenues

Columbus McKinnon (NASDAQ: CMCO) reported Q3 EPS of $0.44, $0.12 better than the analyst estimate of $0.32. Revenue for the quarter came in at $208.7 million versus the consensus estimate of $201.08 million.

Third Quarter Highlights (compared with prior-year period)

• Sales for the quarter were up 36.9% to $208.7 million, including $42.6 million from STAHL; after adjusting for FX impact, organic sales increased 6.6%
• STAHL provided $0.02 earnings per share accretion in quarter; Achieved $0.11 accretion year-to-date
• Cash flow from operating activities was $16.5 million in quarter and $51.2 million in the first nine months
• Debt repayment ahead of schedule: $45.1 million paid down through Q3 FY2018 including $14.9 million in quarter; Raising debt repayment expectations to $60 million from original goal of $45 million to $50 million

For earnings history and earnings-related data on Columbus McKinnon (CMCO) click here.

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