Columbus McKinnon (NASDAQ:CMCO) Announces Earnings Results, Beats Estimates By $0.23 EPS

Columbus McKinnon (NASDAQ:CMCO) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.23, Zacks reports. The company had revenue of $539.29 million during the quarter, compared to analysts’ expectations of $518.65 million. Columbus McKinnon had a positive return on equity of 10.02% and a negative net margin of 21.25%. Columbus McKinnon’s revenue was up 106.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS.

Here are the key takeaways from Columbus McKinnon’s conference call:

• Second-quarter performance exceeded expectations, with pro forma orders up 13%, sales up 6.6%, and adjusted EBITDA up 14% on a pro forma basis. Adjusted EBITDA margin expanded to 20.6%, supported by pricing, volume, operational execution, and early synergies from Kito Crosby.
• Management raised fiscal 2027 guidance to $2.13 billion–$2.17 billion in net sales, $425 million–$440 million in adjusted EBITDA, and $2.00–$2.15 in adjusted EPS. The company expects second-half margins to remain broadly consistent with the strong first-half performance, excluding one-time tariff refund benefits.
• Integration of Kito Crosby is progressing ahead of plan, with management expecting to meet or exceed its targeted net cost synergies and identifying additional revenue opportunities through cross-selling, expanded channels, and broader customer reach. Demand remained resilient across energy, defense, mobility, data centers, e-commerce, and general industrial markets.
• Year-to-date free cash flow was only $4.6 million as higher interest, taxes, and working-capital investments offset improved operating profits, although management expects working capital to become a cash tailwind in the second half. The company remains confident in reaching 4x leverage by the end of fiscal 2028, relying on stronger core EBITDA, synergy realization, and improved inventory and receivables management.
• The company continues to carry substantial debt, including a $1.4 billion term loan and $900 million of senior secured notes, while fiscal 2027 interest expense is projected at $185 million–$190 million. EMEA demand remains softer than the Americas and Asia-Pacific, and Middle East shipping routes continue to be less efficient despite management’s ability to navigate the constraints.

Columbus McKinnon Stock Up 16.6%

Shares of NASDAQ CMCO traded up $2.62 during midday trading on Tuesday, reaching $18.38. 293,497 shares of the company’s stock traded hands, compared to its average volume of 498,911. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 3.95. The stock’s 50 day simple moving average is $16.27 and its 200-day simple moving average is $16.55. Columbus McKinnon has a one year low of $11.99 and a one year high of $24.40. The company has a market cap of $530.33 million, a price-to-earnings ratio of -2.46 and a beta of 1.43.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, November 6th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 6th. Columbus McKinnon’s dividend payout ratio is presently -3.75%.

Insider Buying and Selling

In other Columbus McKinnon news, Director Christopher Stephens acquired 2,750 shares of Columbus McKinnon stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $17.14 per share, with a total value of $47,135.00. Following the completion of the purchase, the director directly owned 22,317 shares of the company’s stock, valued at approximately $382,513.38. This represents a 14.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMCO. Zacks Research lowered Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. boosted their target price on shares of Columbus McKinnon from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Columbus McKinnon in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Columbus McKinnon has an average rating of “Hold” and a consensus target price of $23.00.

About Columbus McKinnon

Columbus McKinnon Corporation is a global manufacturer of intelligent motion solutions and lifting equipment. The company designs and supplies products used to move, lift, position and secure materials in industrial, commercial and infrastructure applications.

Its product portfolio includes electric and manual hoists, overhead cranes, winches, actuators, rigging equipment, load-positioning systems, crane controls and safety systems. Columbus McKinnon also offers automation technologies and software intended to improve the efficiency, safety and control of material-handling operations.