The 2020 Mid-Year Economic Update_long

Columbus McKinnon Sales Up 36.7% in Fiscal 1Q

U.S. sales increased 17.9 percent year-over-year.

Material handling products manufacturer Columbus McKinnon Corp. (NASDAQ: CMCO), Amherst, NY, reported sales for the fiscal first quarter ended June 30 of $203.7 million, up 36.7 percent from the prior year. Profit increased 82.1 percent to $11.7 million. Organic revenue was up 8.0% on measurably higher U.S. volume.

U.S. sales increased 17.9 percent to $110.7 million. 2018 first quarter results include the January 31, 2017 acquisition of STAHL CraneSystems.

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