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Stock impact report

General Industrial Machinery Stocks Q2 In Review: Columbus McKinnon (NASDAQ:CMCO) Vs Peers [Yahoo! Finance]

Columbus McKinnon Corporation (CMCO) 
Last columbus mckinnon corporation earnings: 2/4 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: cmworks.com/investors
Company Research Source: Yahoo! Finance
Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 14 general industrial machinery stocks we track reported a mixed Q2. As a group, revenues beat analysts' consensus estimates by 1.8% while next quarter's revenue guidance was 4% below. The Fed cut its policy rate by 50bps (half a percent) in September 2024, the first in roughly four years. This marks the end of its most pointed inflation-busting campaign since the 1980s. While CPI (inflation) readings have been supportive lately, employment measures have bordered on worrisome. Show less Read more
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