Columbus McKinnon Reports Financial Results for Fourth Quarter Fiscal Year 2021
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Columbus McKinnon (CMCO) Tops Q4 EPS by 3c, Revenues Beat; Offers 1Q Revenues Guidance Above Consensus
May 26, 2021 6:36 AM EDTColumbus McKinnon (NASDAQ: CMCO) reported Q4 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $186.2 million versus the consensus estimate of $180.02 million.
Fourth Quarter and Fiscal Year 2021 Highlights
Executed on Blueprint for Growth 2.0 strategy to deliver solid results in challenging year while building momentum for fiscal 2022Ended year with much improved order volume in fourth quarter; orders up 24% over trailing third quarter and up 6% over prior-year periodDelivered $186.2 million in revenue in the quarter, up 12% sequentiallyGenerated strong cash from operations in fiscal year of $98.9... More