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Columbus McKinnon Corp (CMCO.OQ)

CMCO.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Columbus McKinnon files for resale of up to 2.3 mln shares
Wednesday, 19 Apr 2017 04:48pm EDT 

April 19 (Reuters) - Columbus McKinnon Corp -:Files for resale of up to 2.3 million shares of its common stock by certain selling shareholders - sec filing.  Full Article

Columbus McKinnon names new Chief Executive Officer
Tuesday, 28 Feb 2017 04:15pm EST 

Columbus Mckinnon Corp : Says Mark D. Morelli appointed CEO and president . Columbus McKinnon Corp - Morelli has also been elected to board of directors .Columbus McKinnon names new chief executive officer.  Full Article

Konecranes completes divestment of its STAHL CraneSystems business
Tuesday, 31 Jan 2017 07:30am EST 

Konecranes Abp : Completes the divestment of its STAHL CraneSystems business . Final selling price was 224 million euros ($240.9 million) . Expects to book after-tax capital gain of about 200 million euros from STAHL divestment in Q1 2017 .Says will use proceeds from STAHL CraneSystems divestment to amortize loans related to MHPS acquisition.  Full Article

Columbus McKinnon reports Q3 earnings per share $0.02
Thursday, 26 Jan 2017 06:30am EST 

Columbus McKinnon Corp : Columbus McKinnon reports third quarter fiscal year 2017 financial results . Columbus McKinnon corp - capital expenditures are expected to be $16 million for fiscal 2017 . Qtrly revenue was $152.5 million; excluding unfavorable FX, revenue was $153.9 million . Qtrly diluted EPS $0.02 . Q3 earnings per share view $0.35, revenue view $155.9 million -- Thomson Reuters I/B/E/S . Qtrly earnings per share $0.02 ."the quarter was weaker than we had anticipated, especially in U.S. and EMEA".  Full Article

Columbus Mckinnon gets approval for Stahl Cranesystems acquisition
Thursday, 5 Jan 2017 04:15pm EST 

Columbus Mckinnon Corp : Columbus Mckinnon receives German Bundeskartellamt approval for Stahl Cranesystems acquisition .Acquisition is now expected to close on or about January 31, 2017.  Full Article

Konecranes sells STAHL CraneSystems business to Columbus McKinnon
Wednesday, 7 Dec 2016 02:30am EST 

Konecranes Oyj : Has signed agreement with Columbus McKinnon Corporation regarding divestment of STAHL CraneSystems business . Will receive cash proceeds of 224 million euros - 230 million euros ($240.1-$246.5 million) from transaction depending on 2016 result of STAHL CraneSystems . Expects to book after-tax capital gain of about 190 million euros upon closing of STAHL divestment .Says will use proceeds from STAHL CraneSystems divestment to amortize loans related to MHPS Acquisition.  Full Article

Columbus Mckinnon to acquire Stahl Cranesystems
Wednesday, 7 Dec 2016 02:30am EST 

Columbus Mckinnon Corp : Cost synergies of about $11 million annually expected . Financing will be structured as senior secured debt up to $570 million including a new $75 million revolver . Columbus Mckinnon - Estimate one-time transaction related costs in fiscal 2017 between $8.0 million and $9.0 million, one-time restructuring costs of about $6 million in 2018 . Columbus- All-Cash transaction value for deal is $240 million with earn-out potential up to million $246 million if certain earnings goals are met for year 2016 .Columbus Mckinnon to acquire Stahl Cranesystems.  Full Article

Columbus Mckinnon reports quarterly earnings of $0.32 per share
Thursday, 28 Jul 2016 08:02am EDT 

Columbus Mckinnon Corp : Columbus Mckinnon reports first quarter fiscal year 2017 financial results . Q1 earnings per share $0.32 . Q1 earnings per share view $0.31 -- Thomson Reuters I/B/E/S . Q1 sales $149 million versus I/B/E/S view $147.5 million . "We still believe the year will be challenging, but end markets appear to be stabilizing" .Believe that North American market may have bottomed as oil prices and rig counts have stabilized & supporting industries seemed to have steadied.  Full Article

Columbus Mckinnon qtrly earnings per share $0.29
Wednesday, 1 Jun 2016 06:55am EDT 

Columbus Mckinnon Corp : Q4 sales $155.1 million versus i/b/e/s view $164.4 million . Columbus Mckinnon Corp says excluding negative effects of foreign currency exchange, q4 sales increased $9.9 million, or 6.6% . Columbus Mckinnon Corp says fiscal year 2017 will be a challenging time for co as global industrial markets will most likely remain weak . Q4 earnings per share view $0.36, revenue view $164.4 million -- Thomson Reuters I/B/E/S . Qtrly earnings per share $ 0.29 . Backlog was $98.6 million at march 31, 2016, compared with $97.6 million at december 31, 2015. . For fiscal 2017, capital expenditures are expected to be approximately $18 million. .Columbus mckinnon reports fourth quarter and full year fiscal 2016 financial results.  Full Article

Columbus McKinnon Declares Quarterly Dividend of $0.04 per Share
Thursday, 31 Mar 2016 04:15pm EDT 

Columbus McKinnon Corporation:approved payment of a regular quarterly dividend of $0.04 per common share.The dividend will be payable on or about May 16, 2016 to shareholders of record at the close of business on May 6, 2016.  Full Article

More From Around the Web

BRIEF-Columbus McKinnon files for resale of up to 2.3 mln shares

* Files for resale of up to 2.3 million shares of its common stock by certain selling shareholders - sec filing Source text: (http://bit.ly/2ph3mnd) Further company coverage: