Columbus McKinnon (NASDAQ:CMCO) Releases Earnings Results, Beats Expectations By $0.34 EPS

Columbus McKinnon (NASDAQ:CMCO) issued its earnings results on Thursday. The industrial products company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34, FiscalAI reports. The company had revenue of $531.46 million for the quarter, compared to the consensus estimate of $501.27 million. Columbus McKinnon had a negative net margin of 21.25% and a positive return on equity of 9.21%. Columbus McKinnon’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. 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 7.3%

Shares of NASDAQ CMCO opened at $19.17 on Friday. The firm has a market cap of $552.67 million, a price-to-earnings ratio of -2.57 and a beta of 1.39. The company has a quick ratio of 0.98, a current ratio of 2.02 and a debt-to-equity ratio of 3.38. Columbus McKinnon has a 52-week low of $11.99 and a 52-week high of $24.40. The business’s 50 day moving average is $14.66 and its two-hundred day moving average is $16.39.

Columbus McKinnon Dividend Announcement

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 issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 7th. Columbus McKinnon’s dividend payout ratio (DPR) is -5.11%.

Institutional Investors Weigh In On Columbus McKinnon

A number of institutional investors have recently modified their holdings of CMCO. Invesco Ltd. raised its holdings in shares of Columbus McKinnon by 0.4% in the 4th quarter. Invesco Ltd. now owns 1,457,095 shares of the industrial products company’s stock valued at $25,135,000 after buying an additional 5,210 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Columbus McKinnon in the 4th quarter valued at about $273,000. Front Street Capital Management Inc. increased its stake in Columbus McKinnon by 2.4% during the fourth 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 period. Mackenzie Financial Corp acquired a new stake in shares of Columbus McKinnon during the fourth quarter worth about $2,001,000. Finally, Empowered Funds LLC lifted its position in shares of Columbus McKinnon by 156.2% during the fourth 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 in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Columbus McKinnon

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

• Positive Sentiment: JPMorgan raised its price target on Columbus McKinnon to $29 from $25 and upgraded or reaffirmed an “overweight” rating, implying substantial upside from recent levels. The call reflects increased confidence in the company’s earnings potential following the quarter’s results. Benzinga analyst action
• Positive Sentiment: Fiscal Q1 revenue and adjusted earnings exceeded expectations. Columbus McKinnon reported revenue of $531.5 million, up 125% year over year and ahead of the $501.3 million consensus estimate. Adjusted EPS was $0.61, versus expectations of $0.28 and $0.50 a year earlier. Q1 earnings and revenues
• Positive Sentiment: Demand and the Kito Crosby acquisition supported growth. Orders increased 120% to $568.1 million, producing a 1.1x book-to-bill ratio. Management said integration and synergy capture remain on track, while cash flow and margins improved. Columbus McKinnon Q1 results
• Positive Sentiment: Fiscal 2027 guidance was increased. The company projects adjusted EPS of $1.90-$2.10 and revenue of approximately $2.09-$2.15 billion, with the EPS outlook above the roughly $1.76 analyst consensus.
• Neutral Sentiment: The stock’s retreat follows a gain of more than 40% after the earnings release, suggesting some profit-taking as investors reassess valuation and execution expectations.
• Negative Sentiment: GAAP results remained weak. Columbus McKinnon posted an $88.7 million net loss, or $2.05 per diluted share, including $70.3 million in acquisition and integration costs. The company must continue converting acquisition-driven revenue growth into sustainable profitability.

Analysts Set New Price Targets

Several research firms have recently commented on CMCO. Weiss Ratings lowered shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Wall Street Zen cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. DA Davidson reduced their target price on Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Zacks Research lowered Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on Columbus McKinnon from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday. One research 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.00.

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.