Columbus McKinnon (CMCO) Misses Q1 EPS by 4c
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Columbus McKinnon Reports First Quarter Fiscal Year 2016 Financial Results
July 31, 2015 6:55 AM EDTSales were $136.2 million; up 1.5% versus prior year excluding $8.9 million in foreign currency translation Achieved gross margin of 32.0%; Adjusted gross margin of 32.4% marks 19th consecutive quarter of year-over-year margin improvement February 2015 debt refinancing leads to reduced interest expense; added $0.07 to first quarter diluted EPS Net income increased 2.6%; Excluding acquisition purchase accounting adjustments and restructuring, net income was up 9.2% Previously announced strategic acquisition of Magnetek, Inc. creates significant value for stakeholders with $0.40 per share of accretion in Fiscal... More
