This quarter reflected someof these activities which we expect to drive approximately $7 million to $8million in annualized cost savings beginning

This quarter reflected someof these activities, which we expect to drive approximately $7 million to $8million in annualized cost savings, beginning in the second quarter. We are reducing our manufacturingfootprint, improving efficiencies and implementing a new go-to-market strategyin our key North American hoist and rigging businesses to even better serve ourcustomers. Tevens, President and Chief Executive Officer, commented, “Asexpected, our first quarter sales reflect the full impact of the decline inindustrial activity around the world. (in millions, except per diluted share data) Three Months EndedJune 30, 2009 June 29, 2008Net (loss) income $ (2.4) $ (0.13) per share$9.7$0.50per share Restructuring charges, net of 38% tax3.6 0.19 – - Discontinued operations (0.1) (0.01) 2.1 0.11Non-GAAP net income $ 1.1 $ 0.06 per share$11.8 $0.61per share Timothy T.

The Company reported a fiscal 2010 first quarter net loss of $2.4 million, or$0.13 per diluted share, compared with net income of $9.7 million, or $0.50 perdiluted share, for the same period last year. Restructuring charges of $5.8million, associated with a broad reorganization combined with the consolidationof the Company`s North American hoist and rigging sales and marketing functions,were recorded during the first quarter of fiscal 2010. On a non-GAAP basis excluding restructuring charges, first quarter 2010 netincome from continuing operations was $1.1 million, or $0.06 per diluted share,compared with $11.8 million, or $0.61 per diluted share, in the same period ofthe year prior, summarized on the following table. Foreign currency translation also negatively impacted sales byapproximately $4.1 million.

U.S.industrial capacity utilization, which the Company uses as a leading marketindicator, was 64.7% in June 2009, down from 66.0% in March 2009 and 76.3% inJune 2008. Net sales for the first quarter of fiscal 2010 were $119.0 million, including$17.6 million from the Pfaff business, down $32.2 million, or 21.3%, from thesame period in the prior year, and down 32.9% excluding the Pfaff business.Continued weakness in the global economy, combined with the tendency for theCompany`s bookings to lag general industrial production and utilization trendsby one to two quarters, caused the significant decline in revenue. Currentquarter results include the Company`s Pfaff-silberblau (Pfaff) business whichwas acquired on October 1, 2008. * Strong balance sheet with 33.8% net debt to total capitalization; $4.9 millioncash generated from operating activities* Global recession impacts sales: revenue down 21% to $119 million, includingOctober 2008 Pfaff acquisition* Restructuring, facility consolidations and spending discipline help to offsetimpact of revenue decline: expected annual savings of $16 to $19 million* Net loss in first quarter was $2.4 million, $0.13 loss per diluted share;$0.06 income per diluted share on a non-GAAP basisAMHERST, N.Y.–(Business Wire)–Columbus McKinnon Corporation (NASDAQ: CMCO), a leading designer, manufacturerand marketer of material handling products, today announced financial resultsfor its first quarter of fiscal 2010 that ended on June 30, 2009. We distribute opinions, comments and information free of chargeexclusively to individuals who wish to receive them.-0-CONTACT:Beacon Equity ResearchJeff Bishop(469).

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