Columbus McKinnon reports Q2 adjusted EPS 62c, consensus 53c

Reports Q2 revenue $261.05M, consensus $240.62M. Orders of $253.7M were impacted by a weaker macroeconomic landscape in EMEA, partially offset by U.S. orders growth of 11%. “Our team delivered a solid second quarter as the U.S. short-cycle market recovered and we executed on our record backlog,” said David J. Wilson, President and Chief Executive Officer. “Our funnel of quotation activity remains healthy, driven by attractive global opportunities and an improving demand environment in the United States. While the funnel of activity in EMEA remains attractive, order conversion rates there have slowed recently given a weaker macroeconomic sentiment.”