Columbus McKinnon Corporation Q1 2026 Earnings Call Transcript Summary

Columbus McKinnon Corporation reported Q1 2026 earnings, with President and CEO David J. Wilson and CFO Greg P. Rustowicz discussing financial and operational performance. The earnings release and presentation are available on the company's Investor Relations website. The company's safe harbor statement is also provided.

Columbus McKinnon Corporation (Nasdaq: CMCO) reported its financial results for the first quarter of fiscal year 2026, which ended on June 30, 2025. The company announced a net loss of $1.9 million, a 1.6% decrease in net sales to $235.9 million, and an adjusted EBITDA margin of 13.0%.

The quarter saw an increase in orders to $258.6 million, driven by an 8% rise in project-related orders. The backlog grew by $67.3 million, or 23%, to $360.1 million. The company's book-to-bill ratio stood at 1.1x, indicating a healthy demand environment. Despite a tariff impact of $4.2 million on operating profit, the company's adjusted operating income was $18.5 million, with an adjusted operating margin of 7.8%.

David J. Wilson, President and CEO, commented, "The first quarter largely played out as expected as we delivered sustained order growth in an environment where global tariff policies pressured near-term results." He emphasized the company's optimism for the business, stating, "The demand environment remains healthy and our optimism for the business remains unchanged."

Gregory P. Rustowicz, EVP Finance and CFO, added, "We continue to progress towards the closing of the Kito Crosby acquisition and believe with the benefits of scale, improved solutions, the realization of synergies and strong free cash flow, we will be positioned to grow profitably and deliver long-term value for our shareholders."

The company's capital allocation priorities include paying down debt and maintaining its dividend payment. The fiscal 2026 guidance was reaffirmed, with net sales expected to be flat to slightly up and adjusted EPS expected to be flat to slightly up. The company will host a conference call today at 10:00 AM Eastern Time to discuss the financial results and strategy.

References:
[1] https://www.prnewswire.com/news-releases/columbus-mckinnon-reports-q1-fy26-results-and-reaffirms-guidance-302516667.html