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Columbus McKinnon Sales Up 14.8% in Fiscal 2Q

Columbus McKinnon Corp. (NASDAQ: CMCO), Amherst, NY, manufacturer of material handling products, reported sales for the fiscal 2011 second quarter ended Sept. 30, 2010, were $132.3 million, up 14.8 percent from the prior-year period. Organic growth was 18.9 percent.

Profit in the second quarter was $1.9 million

Sales improved across most product categories led by the Americas and European markets. Sales improved sequentially from the first quarter of fiscal 2011 by 11.1 percent.

In markets outside the U.S., sales were up 17.5 percent, and U.S. sales growth was 12.9 percent.

Sales for the first six months of fiscal 2011 were $251.4 million, 7.3 percent above sales in the first half of fiscal 2010. Growth in the Company’s Americas and European hoist businesses were the primary drivers of the sales increase. Sales outside of the U.S. in the first half of fiscal 2011 were $111.1 million, up 14 percent over the same period last year.

Profit for the first half of fiscal 2011 was $1.1 million.

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