When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CMCO - Columbus McKinnon Braced For The Downturn With A New CEO To Drive Future Growth
Columbus McKinnon Corporation
As a company tied to industrial production, Columbus McKinnon (CMCO) is already seeing a severe hit to its business, and that’s only going to get worse in the June quarter. Looking beyond the next couple of quarters, though, the company is in a pretty strong position having successfully executed on a multiyear plan to improve manufacturing and supply chain efficiency, eliminate non-strategic businesses, and simplify the portfolio. Now the company is transitioning to more of a growth phase that will include investing in automation-enabling technologies and pursuing select M&A.