Columbus McKinnon Corp
NASDAQ:CMCO
Columbus McKinnon Corp
Columbus McKinnon Corp., a name synonymous with industrial prowess, is a leading designer, manufacturer, and marketer of motion control products and solutions. The company's journey unfolds like that of a skilled artisan at work, meticulously crafting products that facilitate the precise movement and lifting of materials. Established in the late 1800s, Columbus McKinnon has matured into a global force by embracing innovation and adaptation, navigating the complex demands of industries ranging from construction and automotive to energy and entertainment. Within its expansive product portfolio, one finds a diverse array of hoists, cranes, actuators, and lifting equipment—all engineered with precision to address the intricate requirements of its clientele.
The heartbeat of Columbus McKinnon's business model is its ability to integrate high-quality products with comprehensive service offerings, such as parts, repair, and safety training, creating a synergistic relationship with its customers. This integrated approach not only builds lasting partnerships but also ensures a recurring revenue stream beyond initial equipment sales. Additionally, Columbus McKinnon's strategic acquisitions and global expansion endeavors underscore its commitment to widening its reach and deepening its influence. The company capitalizes on key industry trends, such as digitalization and automation, which drive demand for smarter and more efficient motion control solutions. By aligning its operations with the evolving needs of its customers, Columbus McKinnon remains steadfastly anchored in its mission to enable safe and reliable material handling worldwide.
Columbus McKinnon Corp., a name synonymous with industrial prowess, is a leading designer, manufacturer, and marketer of motion control products and solutions. The company's journey unfolds like that of a skilled artisan at work, meticulously crafting products that facilitate the precise movement and lifting of materials. Established in the late 1800s, Columbus McKinnon has matured into a global force by embracing innovation and adaptation, navigating the complex demands of industries ranging from construction and automotive to energy and entertainment. Within its expansive product portfolio, one finds a diverse array of hoists, cranes, actuators, and lifting equipment—all engineered with precision to address the intricate requirements of its clientele.
The heartbeat of Columbus McKinnon's business model is its ability to integrate high-quality products with comprehensive service offerings, such as parts, repair, and safety training, creating a synergistic relationship with its customers. This integrated approach not only builds lasting partnerships but also ensures a recurring revenue stream beyond initial equipment sales. Additionally, Columbus McKinnon's strategic acquisitions and global expansion endeavors underscore its commitment to widening its reach and deepening its influence. The company capitalizes on key industry trends, such as digitalization and automation, which drive demand for smarter and more efficient motion control solutions. By aligning its operations with the evolving needs of its customers, Columbus McKinnon remains steadfastly anchored in its mission to enable safe and reliable material handling worldwide.
Kito Crosby Acquisition: Columbus McKinnon closed its transformative acquisition of Kito Crosby, which will double the company’s revenue base and bring significant expected cost synergies.
Strong Quarter: The company reported double-digit growth in sales, orders, EPS, and backlog, with net sales of $258.7 million, up 10.5% year-over-year.
Profitability & Margins: Adjusted EBITDA was $39.8 million (15.4% margin), and adjusted EPS rose 11% to $0.62. Gross margin was pressured by mix and tariffs.
Order Growth: Orders increased 11% to $247 million, led by 15% growth in the U.S., reflecting strength in automation, e-commerce, and industrial sectors.
Guidance Withdrawn: Prior stand-alone guidance was withdrawn due to the timing of Kito Crosby acquisition and a pending divestiture; new guidance to be issued next year.
Synergy & Deleveraging Focus: $70 million in cost synergies are targeted, with 20% expected in year 1, 60% in year 2, and full realization in year 3. Significant free cash flow is expected to reduce net leverage below 4x by fiscal 2028.
U.S. vs. EMEA Trends: U.S. demand is robust with strong order growth, while EMEA remains soft with slower order conversion.
