Columbus McKinnon (CMCO) late Monday disclosed plans to acquire privately held Kito Crosby from funds managed by KKR (KKR) through a transaction valued at around $2.7 billion.
The industrial equipment company also reported fiscal Q3 non-GAAP net income of $0.56 per diluted share, down from $0.74 a year earlier.
Two analysts polled by FactSet expected $0.72.
Revenue for the quarter ended Dec. 31 was $234.1 million, compared with $254.1 million a year earlier.
Two analysts expected $251.8 million.
For fiscal 2025, the company said adjusted EPS should decrease in the low teens percentage year over year, while net sales should decrease in the mid-single percentage digits from the prior year.
Analysts are looking for $2.91 and $1.01 billion, respectively.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。