Columbus McKinnon Blueprint for Growth Strategy Continues to Strengthen Earnings Power in Second Quarter Fiscal Year 2020
Columbus McKinnon Corporation (CMCO)
Last columbus mckinnon corporation earnings: 2/4 06:30 am
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Source: Business Wire
BUFFALO, N.Y.--(BUSINESS WIRE)--Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of motion control products, technologies and services for material handling, today announced financial results for its fiscal year 2020 second quarter, which ended September 30, 2019.Second Quarter Highlights (compared with prior-year period)Revenue up 1.8% adjusted for divestitures and changes in foreign currency exchange rates driven by impact of 80/20 Process and solid projects businessBlueprint for Growth strategy delivered operating margin expansion of 80 basis points to 12.2%; Adjusted operating margin expanded 100 bps to 12.7%$5.2 million in operating income contributions realized from 80/20 process, including footprint rationalization, more than offset headwindsNet income was $16.6 million, up 4.3%; Adjusted net income increased 8.1%Generated strong operating cash flow of $40 million in the quarterMark Morelli, President and CEO of Columbus McKinnon,
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News
- Columbus McKinnon Donates $15,000 to Habitat for Humanity of the Charlotte Region [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon Donates $15,000 to Habitat for Humanity of the Charlotte RegionPR Newswire
- Columbus McKinnon's Innovative Battery-Powered Hoist Named 2024 Product of the Year by Material Handling Product News [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon's Innovative Battery-Powered Hoist Named 2024 Product of the Year by Material Handling Product NewsPR Newswire
- Should You Think About Buying Columbus McKinnon Corporation (NASDAQ:CMCO) Now? [Yahoo! Finance]Yahoo! Finance
CMCO
Earnings
- 10/30/24 - Beat
CMCO
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- CMCO's page on the SEC website