Material handling equipment manufacturer Columbus McKinnon Corp., Amherst, NY, reported sales for its fiscal 2008 third quarter were $155.2 million, up 9.3%. International sales were $55.8 million, or 36% of total sales, up 13% from the prior-year period.
Product segment sales, representing 90.5% of total sales, increased to $140.5 million, or 10.7%, on strong sales reported by CMCO Europe's operations, as well as domestic hoists, cranes and rigging products.
The company's Solutions segment reported a revenue decline to $14.7 million, due to planned revenue reduction in the company's Univeyor business. The company is considering selling that unit.
Profit was $10 million for the third quarter, up 9.5%.
Sales for the first nine months were $454.7 million, up 5%. Profit was $29 million for the first nine months, compared with $23 million in fiscal 2007.