Columbus McKinnon Corporation - Common Stock (CMCO)
34.82
-0.60 (-1.69%)
Columbus McKinnon Corporation is a leading designer, manufacturer, and marketer of material handling and lifting equipment, which includes hoists, cranes, and other related products
The company serves a variety of industrial sectors, offering innovative solutions that enhance safety, efficiency, and productivity in the movement of materials. With a strong focus on engineering and technology, Columbus McKinnon develops advanced products tailored to meet the specific needs of its customers, while also providing essential services such as training and maintenance. The company is dedicated to fostering a culture of operational excellence and sustainability in the material handling industry.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the general industrial machinery industry, including Columbus McKinnon (NASDAQCMCO) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how general industrial machinery stocks fared in Q3, starting with Albany (NYSEAIN).
Let’s dig into the relative performance of Icahn Enterprises (NASDAQIEP) and its peers as we unravel the now-completed Q3 general industrial machinery earnings season.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how general industrial machinery stocks fared in Q3, starting with L.B. Foster (NASDAQFSTR).
Over the past six months, Columbus McKinnon’s shares (currently trading at $39.10) have posted a disappointing 11% loss, well below the S&P 500’s 13% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Material handling equipment manufacturer Columbus McKinnon (NASDAQCMCO) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 6.2% year on year to $242.3 million. Its non-GAAP profit of $0.70 per share wasin line with analysts’ consensus estimates.
Material handling equipment manufacturer Columbus McKinnon (NASDAQCMCO)
will be reporting results tomorrow before market hours. Here’s what investors should know.
According to Benzinga Pro, during Q2, Columbus McKinnon (NASDAQCMCO) earned $14.11 million, a 68.2% increase from the preceding quarter. Columbus McKinnon also posted a total of $231.74 million in sales, a 5.2% increase since Q1.
Pulled from Benzinga Pro data, Columbus McKinnon (NASDAQCMCO) posted Q1 earnings of $8.39 million, an increase from Q4 of 29.05%. Sales dropped to $220.29 million, a 13.06% decrease between quarters.
