Columbus McKinnon Sales Up 7.3% in 3Q

Profit increased 12.5 percent to $9.6 million.

Columbus McKinnon Corp. (NASDAQ: CMCO), Amherst, NY, a manufacturer of material handling products, reported sales for the third quarter ended Dec. 31, 2012, of $153.2 million, an increase of 7.3 percent compared to the same period a year ago. Profit increased 12.5 percent to $9.6 million.

For the first nine months, sales were $452.7 million, an increase of 4.7 percent compared to the prior-year period. Profit increased 46.2 percent to $26.3 million.

“We continue to have solid growth in emerging economies, specifically in China, as our brand strength helps to drive demand. Investments in Asia that require our equipment are also driving demand. U.S. order growth was flat in the third quarter compared with the prior year due to the uncertain economic climate that currently exists,” said Timothy T. Tevens, president and CEO.

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