The 10-second takeaway
For the quarter ended June 30 (Q1), Columbus McKinnon missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share expanded. GAAP earnings per share shrank significantly.
Gross margins expanded, operating margins expanded, net margins contracted.
Columbus McKinnon reported revenue of $138.9 million. The three analysts polled by S&P Capital IQ wanted to see a top line of $150.5 million on the same basis. GAAP reported sales were 9.2% lower than the prior-year quarter's $153.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.38. The four earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. Non-GAAP EPS of $0.38 for Q1 were 5.6% higher than the prior-year quarter's $0.36 per share. GAAP EPS of $0.35 for Q1 were 19% lower than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 31.3%, 270 basis points better than the prior-year quarter. Operating margin was 9.7%, 130 basis points better than the prior-year quarter. Net margin was 5.1%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $137.3 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $575.0 million. The average EPS estimate is $1.52.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 133 members out of 145 rating the stock outperform, and 12 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Columbus McKinnon a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Columbus McKinnon is outperform, with an average price target of $22.50.
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