Earnings summaries and quarterly performance for COLUMBUS MCKINNON.
Executive leadership at COLUMBUS MCKINNON.
David Wilson
President and Chief Executive Officer
Adrienne Williams
SVP and Chief Human Resources Officer
Alan Korman
SVP, General Counsel, Corp. Development and Secretary
Appal Chintapalli
President, EMEA and APAC
Gregory Rustowicz
Executive Vice President, Finance and Chief Financial Officer
Jon Adams
President, Americas
Mario Ramos Lara
Chief Product Technology Officer, GM Latin America
Mark Paradowski
SVP, Information Services and Chief Digital Officer
Board of directors at COLUMBUS MCKINNON.
Research analysts who have asked questions during COLUMBUS MCKINNON earnings calls.
Steve Ferazani
Sidoti & Company
4 questions for CMCO
James Kirby
JPMorgan Chase & Co.
3 questions for CMCO
Jonathan Tanwanteng
CJS Securities
3 questions for CMCO
Matt Summerville
D.A. Davidson & Co.
2 questions for CMCO
Walter Liptak
Seaport Research Partners
2 questions for CMCO
Canyon Hayes
D.A. Davidson & Co.
1 question for CMCO
Charles Strauzer
CJS Securities
1 question for CMCO
Recent press releases and 8-K filings for CMCO.
- Columbus McKinnon (CMCO) recently announced the acquisition of Kito Crosby, which is expected to close in the first calendar quarter of next year, creating a combined entity with approximately $2 billion in total revenue and targeting mid-20% EBITDA margins post-synergies.
- The company anticipates $70 million of net synergies over three years from the Kito Crosby acquisition, with plans to deleverage from roughly 4.8-5 times leverage post-closing to three turns in a couple of years and 2-2.5 times between years three and four.
- In the most recently completed quarter, CMCO achieved 8% revenue growth and expanded margins sequentially, with its backlog remaining at high levels.
- CMCO expects to be impacted by $10 million in tariff costs for the full year, with approximately $3 million of that impact occurring in the current third quarter.
- Columbus McKinnon reported strong Q2 fiscal 2026 results, with net sales increasing 8% year over year to $261 million and adjusted EPS improving sequentially to $0.62.
- The company updated its full-year fiscal 2026 net sales guidance to low to mid single-digit growth, up from previous guidance, while reaffirming adjusted EPS guidance of flat to slightly up year over year.
- Management expects a $10 million tariff-related cost impact to operating profit for fiscal 2026, with efforts to achieve tariff cost neutrality by the end of fiscal 2026 and margin neutrality in fiscal 2027.
- The pending Kito Crosby acquisition is now expected to close by the end of the current fiscal year, with the combined entity projected to have over $2 billion in sales post-integration.
- Backlog remains healthy at $352 million, an 11% increase versus the prior year, despite a 3% year-over-year decrease in orders due to large project orders in the prior year.
- CMCO reported Q2 FY26 net sales of $261 million, an 8% increase year-over-year, alongside Adjusted EPS of $0.62 and Adjusted EBITDA of $37 million.
- Orders for the quarter were $254 million, a 3% decrease, but the backlog increased 11% to $352 million, supported by 11% U.S. orders growth.
- Net income for Q2 FY26 was $5 million, which included $10 million in Kito Crosby acquisition-related expenses.
- The company generated $15.1 million in Free Cash Flow during the quarter.
- For fiscal year 2026, CMCO reaffirmed guidance for net sales to be up low-to-mid single digits and Adjusted EPS to be flat to slightly up, anticipating a $0.25 to $0.30 per share headwind to Adjusted EPS from tariffs, with this guidance excluding the pending Kito Crosby acquisition.
- Columbus McKinnon reported Q2 FY26 net sales of $261.0 million, an 8% increase compared to the prior-year period, driven by growth across all platforms with particular strength in lifting and linear motion.
- Net income for Q2 FY26 was $4.6 million, with a 1.8% net income margin, and Adjusted EBITDA increased 22% sequentially to $37.4 million, representing a 14.3% Adjusted EBITDA Margin.
- The company reaffirmed its fiscal year 2026 guidance for Adjusted EPS to be flat to slightly up and increased its outlook for net sales to be up low-to-mid single digits.
- Orders for Q2 FY26 were $253.7 million, and the backlog increased 11% to $351.6 million; the company also noted $10.0 million in Kito Crosby acquisition-related expenses for the quarter, with the acquisition expected to close by the end of the fiscal year.
- Columbus McKinnon reported net sales of $261.0 million for its fiscal year 2026 second quarter, an 8% increase compared to the prior-year period.
- Orders totaled $253.7 million, with U.S. orders growing 11% despite a weaker macroeconomic landscape in EMEA.
- The company recorded net income of $4.6 million and Adjusted EBITDA of $37.4 million, which increased 22% sequentially.
- Backlog grew 11% to $351.6 million.
- Columbus McKinnon increased its net sales outlook and reaffirmed Adjusted EPS guidance for fiscal year 2026.
- Columbus McKinnon Corporation entered into a Fifth Amendment to its Amended and Restated Credit Agreement on September 23, 2025.
- The amendment extends the maturity date for the Revolving Credit Facility from May 14, 2026 to February 13, 2028.
- The formula for calculating the Total Leverage Ratio was amended, increasing the limit on Approved Restructuring Charges from $10.0 million to $30.0 million during any twelve-month period and revising the limit on charges for Material Acquisitions from 15% to 20% of Consolidated EBITDA.
- Compliance with the Leverage Covenant is now triggered only if revolving loans exceeding 30.0% of the Revolving Commitments are outstanding on the last day of any fiscal quarter, a change from the prior trigger of any outstanding revolving loans.
- Columbus McKinnon (CMCO) is acquiring Kito Crosby, a leader in lifting and procurement products, with the deal expected to close by the end of the year. This acquisition is projected to yield $70 million in net cost synergies and significantly enhance CMCO's scale and market position.
- The combined entity is anticipated to generate approximately $200 million in free cash flow annually. Leverage is expected to be around five times at close, with a target to reduce it to approximately three times within a couple of years.
- CMCO reported a record backlog of $360 million at the end of the last quarter, marking a 23% year-over-year increase driven by its project business.
- The company expects to fully mitigate tariff impacts in the second half of the current fiscal year, aiming for margin neutrality in the next fiscal year through price increases and supply chain optimization.
- CMCO is positioned to capitalize on industry megatrends including reshoring, scarcity of labor, and global infrastructure investments, which are expected to drive future demand.
- Columbus McKinnon (CMCO) is a global leader in intelligent motion solutions for material handling, operating in an approximate $20 billion Total Addressable Market.
- The company is strategically expanding, notably through the Kito Crosby acquisition, which reported $1.1 billion in 2024 Revenue and is expected to enhance CMCO's scale and geographic reach.
- CMCO's recent financial performance is summarized below:
| Metric | FY24 | FY25 | Q2 FY26 |
|---|---|---|---|
| Net Sales ($USD Thousands) | $1,013,540 | $963,027 | $959,221 |
| Adjusted EBITDA Margin (%) | 16.4% | 15.6% | 15.0% |
- CMCO has a demonstrated history of de-leveraging post-acquisitions, with a Net Leverage Ratio of 2.4x as of Q4 FY24.
Quarterly earnings call transcripts for COLUMBUS MCKINNON.
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