Columbus McKinnon Sees Q3 Sales Of Approximately $245M-$255M Vs. Estimate Of 248.98M, Up 9% YoY; Expects To Surpass $1B In Revenue In FY24 Vs. Estimate Of 1.01B; Projects YoY Gross Margin Expansion Of 150 basis points In FY24
Portfolio Pulse from Benzinga Newsdesk
Columbus McKinnon expects Q3 sales of approximately $245M-$255M, up 9% YoY, slightly above the estimate of $248.98M. The company also projects to surpass $1B in revenue in FY24, close to the estimate of $1.01B, and expects a YoY gross margin expansion of 150 basis points in FY24.
November 01, 2023 | 10:23 am
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Columbus McKinnon's Q3 sales and FY24 revenue projections are slightly above estimates, which could positively impact the stock. The company also expects a YoY gross margin expansion in FY24.
Columbus McKinnon's Q3 sales and FY24 revenue projections are slightly above estimates, which is a positive signal for investors. The company's expectation of a YoY gross margin expansion in FY24 also indicates improved profitability, which could drive the stock price up.
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