Yahoo Finance Columbus McKinnon Third Quarter 2023 Earnings: EPS Beats Expectations
Columbus McKinnon (NASDAQ:CMCO) Third Quarter 2023 Results
Key Financial Results
Revenue: US$230.4m (up 6.6% from 3Q 2022).
Net income: US$12.0m (up 22% from 3Q 2022).
Profit margin: 5.2% (up from 4.6% in 3Q 2022). The increase in margin was driven by higher revenue.
EPS: US$0.42 (up from US$0.35 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Columbus McKinnon EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%.
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 11% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Columbus McKinnon that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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