Columbus McKinnon (NASDAQ:CMCO) Releases Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Columbus McKinnon (NASDAQ:CMCO) announced its earnings results on Thursday. The industrial products company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.12), Briefing.com reports. Columbus McKinnon had a negative net margin of 19.23% and a positive return on equity of 6.59%. The company had revenue of $437.83 million for the quarter, compared to analysts’ expectations of $419.57 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 77.3% on a year-over-year basis. Columbus McKinnon updated its FY 2027 guidance to 1.700-1.900 EPS.

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

• Columbus McKinnon said fiscal 2026 was a transformational year, with orders up 20%, net sales up 24%, and Adjusted EBITDA up 16%, driven by the Kito Crosby acquisition and solid underlying demand in the Americas.
• Management said the Kito Crosby integration is off to a strong start and reaffirmed confidence in achieving the $70 million in annualized net cost synergies by year three, with early wins already coming from organizational realignment and third-party spend savings.
• For fiscal 2027, the company guided to $2.05 billion-$2.12 billion in sales, $390 million-$410 million in Adjusted EBITDA, and $1.70-$1.90 in Adjusted EPS, with growth expected to be back-half weighted as synergies build through the year.
• Management expects to generate strong cash flow and use it primarily for debt reduction, targeting net leverage of 4x or below within two years as integration benefits and working-capital improvements come through.
• Near-term profitability is still being pressured by tariffs, inflation, EMEA project delays, and geopolitical uncertainty in Europe and the Middle East, and the quarter also included a $200 million non-cash goodwill impairment charge tied to the company’s lower stock price.

Columbus McKinnon Stock Down 8.5%

Shares of Columbus McKinnon stock opened at $12.88 on Friday. The stock has a 50-day moving average price of $15.12 and a 200 day moving average price of $17.12. The company has a market cap of $370.17 million, a P/E ratio of -2.35 and a beta of 1.38. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Columbus McKinnon has a 1 year low of $12.82 and a 1 year high of $24.40.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Columbus McKinnon’s dividend payout ratio is currently 133.33%.

Institutional Investors Weigh In On Columbus McKinnon

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. increased its position in Columbus McKinnon by 0.4% in the 4th quarter. Invesco Ltd. now owns 1,457,095 shares of the industrial products company’s stock worth $25,135,000 after purchasing an additional 5,210 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Columbus McKinnon in the 4th quarter worth about $273,000. Front Street Capital Management Inc. increased its position in Columbus McKinnon by 2.4% in the 4th quarter. Front Street Capital Management Inc. now owns 213,785 shares of the industrial products company’s stock worth $3,688,000 after purchasing an additional 4,918 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Columbus McKinnon in the 4th quarter worth about $2,001,000. Finally, Empowered Funds LLC increased its position in Columbus McKinnon by 156.2% in the 4th quarter. Empowered Funds LLC now owns 117,778 shares of the industrial products company’s stock worth $2,032,000 after purchasing an additional 71,813 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCO has been the subject of several analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $20.00 target price on shares of Columbus McKinnon in a report on Friday. Weiss Ratings downgraded Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. reduced their price objective on Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Wall Street Zen downgraded Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. Finally, Zacks Research downgraded Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Columbus McKinnon currently has a consensus rating of “Hold” and an average target price of $23.50.

Columbus McKinnon News Summary

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

• Positive Sentiment: FY2026 results showed strong business momentum, including 20% order growth and 24% net sales growth, suggesting demand remains healthy after the acquisition. Article Title
• Positive Sentiment: The company’s FY2027 EPS guidance of $1.70-$1.90 was roughly in line to slightly above expectations, and DA Davidson reaffirmed a neutral rating while assigning a $20 price target, implying meaningful upside from current levels. Article Title
• Neutral Sentiment: Analysts and recap articles highlighted that the acquisition boosted sales, but also created margin pressure and integration headwinds that may take time to resolve. Article Title
• Negative Sentiment: Quarterly EPS came in at $0.24, missing estimates, which likely weighed on sentiment despite the revenue beat. Article Title

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.