News

(RTTNews) - Columbus McKinnon Corporation (CMCO) reported that its third quarter net income declined to $9.7 million from $12.0 million, prior year. Earnings per share was $0.34 compared to $0.42. Adjusted EPS was $0.74 compared to $0.72. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.68, for the quarter. Analysts' estimates typically exclude special items.

Third quarter net sales were $254.1 million compared to $230.4 million, previous year. Analysts on average had estimated $250.34 million in revenue.

Columbus McKinnon expects fourth-quarter net sales of approximately $260 million to $270 million at current exchange rates. This represents 4% growth year-over-year at the midpoint of the range.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.