Columbus McKinnon (NASDAQ:CMCO) Issues Earnings Results, Beats Expectations By $0.33 EPS

Columbus McKinnon (NASDAQ:CMCO) announced its quarterly earnings results on Thursday. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.33, FiscalAI reports. Columbus McKinnon had a positive return on equity of 7.09% and a negative net margin of 19.23%.The business had revenue of $531.46 million during the quarter, compared to the consensus estimate of $501.27 million. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 125.3% on a year-over-year basis. Columbus McKinnon updated its FY 2027 guidance to 1.900-2.100 EPS.

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

• Pro forma sales increased 10% and orders grew approximately 9%, with strength concentrated in the Americas and Asia Pacific. Adjusted EBITDA rose 242% to $111.5 million, while adjusted EPS increased to $0.61.
• The company raised fiscal 2027 guidance to $2.09–$2.15 billion in sales, $405–$420 million of adjusted EBITDA, and $1.90–$2.10 of adjusted EPS. Management expects Q2 to be the weakest quarter, followed by margin improvement through the second half.
• Integration of Kito Crosby is progressing, with early cost synergies flowing primarily through SG&A and management expressing confidence in potentially exceeding the $70 million net annual run-rate synergy target. Revenue synergies are also beginning to emerge, though full realization will take time.
• Approximately 200 basis points of the 300-basis-point pro forma EBITDA margin expansion came from material-cost benefits specific to Q1, including tariff refunds and reserve adjustments; management does not expect these benefits to recur. EMEA demand remains soft, with foreign exchange and regional weakness expected to pressure results.
• Free cash flow excluding deal costs was $32.4 million, a significant improvement from the prior-year outflow, enabling $18.4 million of debt repayment. Net leverage declined to 4.9x, and management reiterated its goal of reducing leverage below 4x by fiscal 2028.

Columbus McKinnon Stock Down 7.1%

NASDAQ CMCO traded down $1.47 on Friday, hitting $19.21. 435,502 shares of the company were exchanged, compared to its average volume of 513,650. The company has a current ratio of 2.02, a quick ratio of 0.98 and a debt-to-equity ratio of 3.38. The company has a market cap of $553.91 million, a PE ratio of -3.48 and a beta of 1.39. The stock has a fifty day moving average of $14.57 and a 200-day moving average of $16.37. Columbus McKinnon has a 12 month low of $11.99 and a 12 month high of $24.40.

Columbus McKinnon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, August 7th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.28 annualized dividend and a yield of 1.5%. Columbus McKinnon’s dividend payout ratio is currently -5.11%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings cut shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Zacks Research lowered shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. DA Davidson lowered their price target on shares of Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.00.

Columbus McKinnon News Summary

Here are the key news stories impacting Columbus McKinnon this week:

• Positive Sentiment: Earnings and revenue exceeded expectations. Adjusted EPS was $0.61, well above the $0.28 consensus estimate and up from $0.50 a year earlier. Revenue reached $531.5 million versus expectations of $501.3 million, representing 125% year-over-year growth. Columbus McKinnon Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Acquisition-driven growth was supported by strong demand. The Kito Crosby acquisition drove much of the sales increase, while orders rose 120% to $568.1 million. A 1.1x book-to-bill ratio indicates orders exceeded sales, potentially supporting revenue in coming quarters. Columbus McKinnon Reports Record Orders and Sales
• Positive Sentiment: Fiscal 2027 guidance was raised. CMCO now expects adjusted EPS of $1.90 to $2.10, above the roughly $1.76 analyst consensus, and revenue of approximately $2.09 billion to $2.15 billion. Management also said Kito Crosby integration and synergy capture remain on track, with improved margins and cash flow. Columbus McKinnon Posts Record Q1 Results After Acquisition
• Neutral Sentiment: Management’s earnings call reinforced the outlook. Executives highlighted solid performance in both legacy Columbus McKinnon operations and Kito Crosby, while pointing to stronger positioning for the second half of fiscal 2027. CMCO Q1 2027 Earnings Call Transcript
• Negative Sentiment: GAAP profitability and leverage remain concerns. CMCO reported an $88.7 million net loss, or $2.05 per share, including $70.3 million in acquisition and integration expenses. The company also carries a debt-to-equity ratio of 3.38, and recent insider activity showed sales rather than purchases.

Hedge Funds Weigh In On Columbus McKinnon

Several institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP grew its stake in shares of Columbus McKinnon by 90.9% in the 4th quarter. Engineers Gate Manager LP now owns 22,576 shares of the industrial products company’s stock valued at $389,000 after buying an additional 10,751 shares during the period. Boothbay Fund Management LLC acquired a new position in Columbus McKinnon during the 3rd quarter worth approximately $343,000. Balyasny Asset Management L.P. acquired a new position in Columbus McKinnon during the 4th quarter worth approximately $328,000. MetLife Investment Management LLC boosted its holdings in Columbus McKinnon by 20.0% in the fourth quarter. MetLife Investment Management LLC now owns 16,296 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 2,719 shares in the last quarter. Finally, Magnetar Financial LLC boosted its holdings in Columbus McKinnon by 18.7% in the third quarter. Magnetar Financial LLC now owns 18,754 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 2,959 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.