Columbus McKinnon Corporation (NASDAQ:CMCO) is reporting second quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.23 per share from $ 155.93 million in revenue.
For the full year, analysts predict revenues of $ 626.56 million, while looking forward to income of $ 1.00 per share.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 150.00 million ~ $ 160.00 million
Click Here For More Historical Outlooks Of Columbus McKinnon Corporation
Previous Quarter Performance
Columbus McKinnon Corporation disclosed income for the first quarter of $ 0.07 per share, from the revenue of $ 139.07 million. The quarterly earnings contracted 91.36 percent while revenues shrunk 35.27 percent compared with the same quarter last year. The top line results outshined analysts by $ 3.92 million or 2.90 percent.
Stock Performance
Shares of Columbus McKinnon Corporation traded low $ -0.86 or -2.43 percent on Wednesday, reaching $ 34.47 with volume of 55.40 thousand shares. Columbus McKinnon Corporation has traded high as $ 35.33 and has cracked $ 33.96 on the downward trend
According to the previous trading day, closing price of $ 34.47, representing a 84.01 % increase from the 52 week low of $ 19.20 and a 16.54 % decrease over the 52 week high of $ 42.33.
The company has a market capital of $ 823.21 million and is part of the Industrials sector and Farm & Construction Equipment industry.
Conference Call
Columbus McKinnon Corporation will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cmworks.com
Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, rigging tools, digital power control systems, motion control products, and other technologies and systems for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys. The company also provides alloy and carbon steel chains; alloy chains under the Herc-Alloy brand; load chains and carbon steel welded-link chains; alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks, and master links; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices.
