Benzinga | Jul 30, 2020 07:55AM EDT

Columbus McKinnon: Q1 Earnings Insights

Shares of Columbus McKinnon (NASDAQ:CMCO) were unchanged after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 91.36% over the past year to $0.07, which beat the estimate of ($0.01).

Revenue of $139,070,000 declined by 34.62% year over year, which beat the estimate of $135,150,000.

Looking Ahead

Columbus McKinnon hasn't issued any earnings guidance for the time being.

Q2 revenue expected between $150,000,000 and $160,000,000.

Conference Call Details

Date: Jul 30, 2020

Time: 10:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140410

Price Action

52-week high: $42.33

Company's 52-week low was at $19.20

Price action over last quarter: Up 13.22%

Company Description

Columbus McKinnon Corp is a designer, manufacturer, and marketer of motion control products, technologies, automated systems, and services that efficiently and ergonomically move, lift position, and secure materials. Its key products include hoists, crane components, actuators, rigging tools, light rail workstations, and digital power and motion control systems. Geographically, it has sales in the US, Germany, Europe, Middle East, Africa, Canada, Asia Pacific, Latin America, and others.