Columbus McKinnon Completes Acquisition of STAHL CraneSystems

Columbus McKinnon Completes Acquisition of STAHL CraneSystems

Columbus McKinnon said pre-market Tuesday that it completed its acquisition of STAHL CraneSystems.Columbus McKinnon acquired all of the issued and outstanding capital stock of the STAHL CraneSystems business for an all-cash purchase price of EUR224 million ($240 million) net of cash and debt acquired from Konecranes Plc. Columbus McKinnon expects the cost synergies before purchase accounting and charges to contribute $0.34 per share of earnings accretion during fiscal 2018 and […]

Read More ˃
Hubbell Posts Q4 EPS Beat on Shy Revenues

Hubbell Posts Q4 EPS Beat on Shy Revenues

Hubbell Inc reported pre-market Tuesday financial results for Q4, with better-than-expected earnings and revenues that fell short of analysts’ forecasts; it also provided earnings guidance for fiscal 2017 in line with Street estimates. The company, which designs, manufactures and sells electrical and electronic products, posted Q4 adjusted earnings of $1.35 per share, compared with the prior-year period’s $1.31 per share. Analysts polled by Capital IQ were expecting EPS of $1.22. […]

Read More ˃