Columbus McKinnon (Nasdaq: CMCO) 4th-qtr results beat estimates

Palm Beach, FL 5/24/12 (StreetBeat) -- Columbus McKinnon Corp (Nasdaq: CMCO), a maker of crane hooks, reported quarterly results that beat market estimates on higher U.S. sales.

January-March net income nearly quadrupled to $9 million, or 46 cents per share, from $2.5 million, or 13 cents per share, a year earlier.

Sales rose 11 percent to $159.6 million. U.S. sales grew 20 percent in the quarter to $90.4 million.

Analysts on average had expected the company to earn 39 cents per share, before special items, on revenue of $155.05 million, according to Thomson Reuters I/B/E/S.

Shares of the Amherst, New York-based company closed at $13.88 on Wednesday on the Nasdaq.

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Columbus McKinnon (Nasdaq: CMCO) swings to 3Q profit

Palm Beach, FL 1/27/12 (StreetBeat) -- Columbus McKinnon Corp. (Nasdaq: CMCO) returned to profitability in the third quarter, helped along by the sale of a closed facility and action pertaining to a recent South African acquisition.

Net income was $8.5 million, or 44 cents per share, in the 2012 third quarter compared to a loss of $39.6 million, or $2.08 per share, in the prior-year period.

Sales rose to $142.8 million, up 10.9 percent from $128.7 million. U.S. sales increased 12.5 percent to $74.7 million, while sales outside of the U.S. expanded 9.3 percent to $68.1 million. Sales outside the U.S. comprised 47.7 percent of total net sales.

Wall Street analysts had forecast EPS of 24 cents on revenues of $139.80 million.

Columbus McKinnon, based in Amherst, is a designer, manufacturer and marketer of material handling products.

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