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.
Sales Beat: Columbus McKinnon reported Q2 net sales of $261 million, up 8% year-over-year and above expectations, with growth across all product platforms.
EPS & Margins: Adjusted EPS was $0.62, up $0.12 sequentially, though down $0.08 year-over-year due to tariff impacts. Margins improved sequentially but remain pressured by tariffs and sales mix.
Raised Revenue Outlook: Full-year net sales guidance was increased to low to mid-single-digit growth, up from prior flat-to-slightly-up guidance.
EPS Guidance Reiterated: Adjusted EPS guidance was reaffirmed as flat to slightly up year-over-year, despite the sales outlook increase.
Tariff Headwinds: Management expects about $10 million in tariff-related costs for fiscal 2026, with mitigation efforts underway and neutrality targeted by end of fiscal 2026.
Kito Crosby Acquisition: The acquisition is progressing, now expected to close by fiscal year-end; integration planning is underway.
Healthy Backlog: Backlog stands at $352 million, up 11% year-over-year, although some Q3 backlog was accelerated into Q2 shipments.
