Columbus McKinnon Expects Q2 Net Sales Down Low To Mid-Single Digits Y/Y, Adjusted EPS Down Mid-Single Digits Y/Y
Portfolio Pulse from Benzinga Newsdesk
Columbus McKinnon (CMCO) expects Q2 net sales to decline by low to mid-single digits year-over-year, and adjusted EPS to decrease by mid-single digits year-over-year.
July 31, 2024 | 12:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Columbus McKinnon expects Q2 net sales to decline by low to mid-single digits year-over-year, and adjusted EPS to decrease by mid-single digits year-over-year.
The anticipated decline in both net sales and adjusted EPS suggests weaker financial performance for Columbus McKinnon in Q2, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100