Columbus McKinnon (CMCO) Misses Q2 EPS by 1c
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Columbus McKinnon Reports Financial Results for Second Quarter Fiscal Year 2022
October 28, 2021 6:30 AM EDTBUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2022 second quarter, which ended September 30, 2021. Results include the addition of Dorner Manufacturing Corporation, which was acquired on April 7, 2021.
Second Quarter Highlights (compared with prior year period)
42% revenue growth driven by strong volume, contribution of acquisition and strategic pricing CMBS enables continued margin expansion resulting in record gross margin of 36.3%, up 80... More