Columbus McKinnon (NASDAQ:CMCO) Issues Quarterly Earnings Results

Columbus McKinnon (NASDAQ:CMCO) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.23, Zacks reports. Columbus McKinnon had a negative net margin of 19.61% and a positive return on equity of 12.57%. The business had revenue of $539.29 million for the quarter, compared to analysts’ expectations of $518.65 million. During the same quarter last year, the company posted $0.62 EPS. The company’s revenue was up 106.6% compared to the same quarter last year.

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 Performance

NASDAQ CMCO opened at $18.59 on Thursday. The company has a debt-to-equity ratio of 3.95, a current ratio of 2.00 and a quick ratio of 1.00. Columbus McKinnon has a 1-year low of $11.99 and a 1-year high of $24.40. The business has a 50 day simple moving average of $16.29 and a two-hundred day simple moving average of $16.52. The stock has a market capitalization of $536.51 million, a PE ratio of -2.22 and a beta of 1.49.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 6th. Columbus McKinnon’s dividend payout ratio (DPR) is currently -3.75%.

Insider Activity

In other news, Director Christopher Stephens bought 2,750 shares of the stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $17.14 per share, for a total transaction of $47,135.00. Following the transaction, the director owned 22,317 shares of the company’s stock, valued at $382,513.38. The trade was a 14.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research cut shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Columbus McKinnon in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on Columbus McKinnon from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Columbus McKinnon presently has a consensus rating of “Hold” and a consensus target price of $23.50.

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.