CMCO - Columbus McKinnon Non-GAAP EPS of $0.69 beats by $0.10 revenue of $220M misses by $6.86M

• Columbus McKinnon press release ( NASDAQ: CMCO ): Q1 Non-GAAP EPS of $0.69 beats by $0.10 .
• Revenue of $220M (+3.0% Y/Y) misses by $6.86M .
• Continued strength in demand with orders up 11% on a constant currency basis driven by 10% growth in North America and 12% growth in EMEA
• Maintained strong balance sheet; reduced debt an additional $10 million in quarter.

• Columbus McKinnon expects second quarter fiscal 2023 sales of approximately $230 million to $240 million at current exchange rates, a sequential increase in the mid-to-high single digits.

• Mr. Wilson concluded, “We are confident in our ability to deliver our plan as we continue to advance Columbus McKinnon’s transformation. We are executing to meet our commitments and to achieve our goals of $1.5 billion in revenue and 21% adjusted EBITDA margin in fiscal 2027.

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