NASDAQ:CMCO - Nasdaq - US1993331057 - Common Stock - Currency: USD
Shares of material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) fell 41.9% in the afternoon session after the company reported weak third-quarter results, with revenue declining 7.9% y/y, missing expectations. Sluggish short-cycle demand and a struggling European market drove the decline, though price increases provided some cushion. In addition, gross margin slipped to 35.1% from 36.9% a year ago, while adjusted EBITDA fell 8.6%, missing Wall Street's forecasts. The weak grow
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Material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 7.9% year on year to $234.1 million. Its non-GAAP profit of $0.56 per share was 23.3% below analysts’ consensus estimates.
Material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) will be announcing earnings results tomorrow after market hours. Here’s what to look for.
CMCO stock results show that Columbus McKinnon beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2025.
Looking back on general industrial machinery stocks' Q1 earnings, we examine this quarter's best and worst performers, including Columbus McKinnon (NASDAQ:CMCO) and its peers.
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