Columbus McKinnon reports Q3 adjusted EPS 56c, consensus 73c

Reports Q3 revenue $234.1M, consensus $251.76M. “The second half of our third quarter saw a slowing of industry demand. This was driven by delayed customer decision-making related to U.S. policy uncertainty, including tariffs as well as continued weakening in the European economies,” said David Wilson, President and Chief Executive Officer. “Our results reflect lower than expected short-cycle demand which we expect will also impact the fourth quarter. The strengthening of the U.S. dollar negatively impacted earnings per share by $0.11 versus the prior year as well. As the quarter evolved, we executed actions to reduce costs and align capacity with demand, which will remain a focus the fourth quarter.”