Looking Into Columbus McKinnon's Return On Invested Capital
Portfolio Pulse from Benzinga Insights
Columbus McKinnon (NASDAQ:CMCO) reported a 15.51% increase in earnings to $13.89 million and a 10.19% increase in sales to $253.84 million during Q4. The company posted a return on invested capital (ROIC) of 1.56%, indicating effective capital allocation.
May 26, 2023 | 2:47 pm
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Columbus McKinnon's Q4 earnings and sales increased, with a 1.56% ROIC, indicating effective capital allocation and potential for long-term success.
Columbus McKinnon's Q4 earnings and sales increased, showing growth in the company. The 1.56% ROIC indicates that the company is effectively allocating capital, which is a positive sign for long-term success. This news is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100