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Columbus McKinnon Corporation

Tracey Ryniec (August 14th, 2008) Writes:
Columbus McKinnon Corporation (CMCO) is taking advantage of strong international sales to grow its profits.

For 135 years, Columbus McKinnon has been manufacturing products to move materials in numerous industries including fabrication, food processing, mining, forestry, entertainment, trucking, and defense. The company's primary products include hoists, lifting chain, overhead crane systems and below-the-hook attachments.

CMCO Beat Wall Street Estimates for the First Quarter 2009 by 15.09%

On July 24, Columbus McKinnon reported first-quarter 2009 earnings and surprised on estimates by 8 cents per share. Earnings per share rose 10.9% to 61 cents from 55 cents in the year ago period. Analysts expected 53 cents per share.

Sales grew 6.9% to $151.2 million from $141.5 million in the first-quarter of 2008. The revenue growth was attributed to the company's strategy to increase its presence in international markets. During the quarter, energy, mining, entertainment and public infrastructure construction markets were

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