Material handling products manufacturer Columbus McKinnon Corp. (NASDAQ: CMCO), Amherst, New York, reported sales for the fiscal year ended March 31 of $876 million, up 4.4% from the prior year. Profit increased 93% to $42.6 million.
For the fourth quarter, sales were $216.7 million, up 1.2% from the prior-year period. The company reported a profit of $19.7 million for the quarter, up 133% compared to the same period in 2018.
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Profit increased 40.2% to $59.7 million.
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Fourth quarter sales were up 2% year-over-year.
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Profit was $34.4 million compared to $42 million in 2019.
