What is the market's earnings forecast for Columbus Mckinnon next quarter?

What were the key takeaways from Columbus Mckinnon’s earnings call?

What factors drove the changes in Columbus Mckinnon's revenue and profit?

What is Columbus Mckinnon's gross profit margin?

What is the revenue and EPS growth rate for Columbus Mckinnon year over year?

What guidance did Columbus Mckinnon's management provide for the next earnings period?

Did Columbus Mckinnon beat or miss consensus estimates last quarter?

What were the key takeaways from Columbus Mckinnon's earnings call?

- **Acquisition Integration Progress**: Kito Crosby acquisition closed, with $70M cost synergies targeted for FY28. Divestiture proceeds to reduce debt.
- **Revenue Growth**: Q3 net sales +10.5% YoY, orders +11% YoY, driven by U.S. automation and aerospace demand.
- **Profitability**: Adjusted EBITDA $39.8M (15.4% margin), Adjusted EPS $0.62 (+11% YoY). Margins pressured by mix and tariffs.
- **Debt Management**: Secured $3.35B in financing. Free cash flow to deleverage to <4x by FY28.
- **Tariff Mitigation**: On track for cost neutrality by FY26, margin neutrality by FY27.

**【CEO Summary Section】**
- **Kito Crosby Acquisition Completed**: Closed the transformative acquisition of Kito Crosby, with integration efforts underway to achieve $70 million in annualized cost synergies. Divestiture of U.S. power chain hoist business expected to close by end of Q3.
- **Q3 Financial Highlights**: 
  - Net sales $258.7M (+10.5% YoY), orders $247M (+11% YoY), backlog $342M (+15% YoY).
  - Adjusted EBITDA $39.8M (15.4% margin), Adjusted EPS $0.62 (+11% YoY).
- **Market Trends**: 
  - U.S. demand strong (+15% orders) driven by automation, e-commerce, aerospace.
  - EMEA growth (+3%) constrained by macroeconomic challenges, with focus on metal processing, defense, and battery production.
- **Tariff Mitigation**: On track for tariff cost neutrality by end of FY26, margin neutrality by FY27. Pricing actions offset $10M net tariff impact YTD.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: 
  - Short-cycle sales +13%, project sales +8%.
  - Gross profit $89.2M (+8.6% YoY), adjusted gross margin 35.1% (down 170bps YoY due to mix and tariffs).
- **Cost Structure**: 
  - RSG&A expenses included $6.3M acquisition-related costs. Free cash flow $16.5M, with $6.7M used for transaction costs.
- **Debt & Liquidity**: 
  - Secured $1.65B Term Loan B, $900M senior notes, $800M perpetual convertible preferred stock. Liquidity enhanced with $500M revolver.
  - Plan to use $160M divestiture proceeds to reduce debt, targeting <4x net leverage by FY28.

**【Q&A Key Highlights】**
- **Synergies Timeline**: 20% of $70M ($14M) to be realized in FY26, 60% in FY27, full $70M by FY28. Integration efforts front-loaded post-closing.
- **Market Performance**: 
  - U.S. short-cycle orders +10% YoY, EMEA orders +3% (FX-driven). Global funnel healthy, with focus on automation, e-commerce, aerospace.
  - Margins impacted by mix (more rail shipments, less linear motion) and tariffs. Adjusted EBITDA margin flat QoQ due to tariff mitigation.
- **Guidance Withdrawal**: Withdrew standalone FY26 guidance due to acquisition timing. Will provide FY27 guidance in May.
- **Tariff Strategy**: Shifting from surcharges to price increases. Expect full margin recovery by FY27.


Columbus McKinnon Corporation (CMCO) Q3 2026 Earnings Call Transcript

- **Revenue Beat**: 8% YoY growth to $261 million, driven by U.S. short-cycle stabilization and accelerated Q2 shipments.
- **Profit Margin Challenge**: Adjusted gross margin down 100bps YoY due to tariffs, with $10 million annual headwind expected.
- **Acquisition Momentum**: Kito Crosby integration on track for end-FY26 close, targeting $2 billion+ revenue and rapid synergy realization.
- **Cash Flow Resilience**: Q2 free cash flow $15.1 million, supporting FY26 guidance for flat/slightly up EPS despite macro volatility.

**【CEO Summary Section】**
- **Revenue Growth**: Net sales increased 8% YoY to $261 million, driven by stabilization in U.S. short-cycle orders and accelerated deliveries from Q3 backlog. U.S. sales grew 11%, while EMEA and APAC faced slower project order conversion.
- **Profitability**: Adjusted EPS rose $0.12 sequentially to $0.62, reflecting margin expansion and cost management. Gross margin contracted 100bps YoY due to tariffs and mix impacts.
- **Tariff Mitigation**: Q2 net tariff impact moderated slightly from Q1, with a $10 million annual headwind expected. Targeting tariff cost neutrality by end of FY26 and margin neutrality by FY27.
- **Backlog**: $352 million (up 11% YoY), with Q3 sales volume expected to decline due to accelerated Q2 shipments.
- **Acquisition Update**: Kito Crosby integration preparation underway, with IMO and Board subcommittee established. Closing expected by end of FY26, targeting $2 billion+ combined revenue and top-tier industrial margins.

**【CFO Financial Commentary】**
- **Gross Profit**: $90.2 million (21% YoY increase), driven by higher sales and $11.1 million reduction in factory start-up costs. Adjusted gross margin 35.3%, down 100bps YoY due to tariffs.
- **Operating Expenses**: GAAP SG&A $70.3 million (includes $9.9 million acquisition costs). Adjusted RSG&A up 60bps to 22.7% of sales, partly due to foreign currency translation.
- **Free Cash Flow**: $15.1 million, supported by earnings growth and working capital improvements.
- **Guidance Update**: Full-year net sales guidance raised to low-mid single-digit growth (from flat/slightly up). Adjusted EPS guidance maintained at flat/slightly up YoY.

**【Q&A Highlights】**
- **Sales vs. EPS Guidance**: Q2 revenue pull-forward and Q3 tariff impacts limited EPS upside. Foreign currency translation benefits top line more than bottom line.
- **Project Backlog**: Record funnel across product categories, with slower conversion in EMEA/APAC. U.S. project orders up 11%, driven by aerospace, energy, and defense.
- **Kito Crosby Timing**: Regulatory process ongoing, with financing secured. Post-close, target $100 million+ synergies and rapid de-levering.
- **Cash Flow Management**: FY26 CapEx $15-20 million. Post-acquisition leverage expected in high-4x range, with focus on free cash flow generation.
- **U.S. Market Strength**: Short-cycle demand stable, pricing initiatives offsetting tariffs. Aerospace, heavy equipment, and defense sectors leading growth.

Columbus McKinnon Corporation (CMCO) Q2 2026 Earnings Call Transcript

- **Order Momentum**: Q1 orders +2% YoY, with project-related orders up 8% and backlog +23% YoY to $360 million.
- **Tariff Headwinds**: $10 million H1 FY26 operating profit impact, targeting cost neutrality by Q2 FY26 and margin neutrality by FY27.
- **End Market Strength**: Battery production, defense, and aerospace sectors driving growth; 70-80% of backlog to be realized in FY26.
- **Kito Crosby Update**: Acquisition expected to close by end-2025 with 5x leverage; integration plans include executive governance and synergy tracking.
- **Q2 Outlook**: Sequential sales improvement expected, with price increases and backlog execution supporting growth.

**【CEO Summary Section】**
- **Orders Growth**: Q1 orders rose 2% YoY to $259 million, driven by 8% growth in project-related orders, particularly in EMEA. Short-cycle orders declined 4% due to tariff surcharges and macroeconomic uncertainty.
- **Backlog Expansion**: Backlog increased 23% YoY to $360 million, supported by long-cycle project orders offsetting short-cycle softness.
- **End Market Strength**: Notable demand in battery production, e-commerce, aerospace, and defense sectors. Defense-related orders in the U.S. and globally are growing.
- **Tariff Impact**: Tariffs caused a $4.2 million gross profit headwind and 180bps margin decline. Management expects $10 million operating profit impact in H1 FY26, targeting cost neutrality by Q2 FY26 and margin neutrality by FY27.
- **Kito Crosby Acquisition**: Regulatory approval pending; expected close by end of 2025. Integration plans include executive-led governance and synergy tracking.
- **Guidance**: Reaffirmed flat to slightly up sales and EPS guidance for FY26.

**【CFO Financial Commentary】**
- **Sales Performance**: Q1 sales $235.9 million (-2% YoY), with 3% decline in short-cycle sales. Project-related sales unchanged despite 8% order growth, reflecting delayed project timing.
- **Gross Margin**: GAAP gross margin 32.7%, adjusted 34.3% (-370bps YoY). Tariffs and lower factory absorption drove margin contraction.
- **Expense Management**: SG&A down 5% YoY (excluding $8 million acquisition costs), with adjusted RSG&A at 23.2% of sales.
- **Earnings**: Adjusted EPS $0.50 (-$0.12 YoY), impacted by $0.11 tariff-related decline. Free cash flow negative $21.4 million due to working capital and acquisition-related payments.
- **Tariff Mitigation**: Price increases implemented in Q1 will benefit future quarters; targeting gross profit neutrality by Q2 FY26.

**【Q&A Key Highlights】**
- **Gross Margin Cadence**: Q1 margin decline due to tariffs and unfavorable mix (lower automation shipments, higher rail and hoist volumes). Expect sequential improvement post-Q2, with Q4 typically strongest due to factory absorption.
- **Backlog Visibility**: 70-80% of $360 million backlog to be realized in FY26, with remaining 20% in FY27 (primarily rail projects). EV battery-related contracts expected to be completed within 18 months.
- **Kito Crosby Leverage**: Net leverage expected at 5x at close, up from initial 4.8x estimate due to tariff impacts. Deal costs (~$3 million/Q2) and financing expenses will affect cash flow.
- **Q2 Outlook**: Sales expected to improve sequentially from Q1, driven by price increases and order backlog execution. No additional price hikes planned beyond July 10 U.S. surcharge.


Columbus McKinnon Corporation (CMCO) Q1 2026 Earnings Call Transcript

- **Order momentum strong**: FY25 orders +4% YoY, Q4 precision conveyance up 19% YoY, backed by $322M backlog.
- **Tariff challenges**: FY26 $40M EBITDA headwind, targeting H2 gross profit neutrality and FY27 margin neutrality.
- **Acquisition progress**: 13/14 approvals for Kito, with integration plans to enhance synergies and cash flow.
- **Financial stability**: $60M debt reduction in FY25, guiding to flat FY26 adj. EPS despite H1 tariff headwind.

**【CEO Summary Section】**
- Fiscal 2025 orders grew 4% YoY (constant currency), driven by 8% project-related orders and strength in precision conveyance. Q4 orders also up 4% YoY, with short-cycle orders flat QoQ but improving trend from Q3.
- Net sales down 4% YoY to $963M due to short-cycle softness and project timing. Backlog increased 15% to $322.5M, positioning for FY26 growth.
- Tariffs expected to be $40M EBITDA headwind in FY26, with margin neutrality targeted by FY27. Kito Crosby acquisition (pending) could scale business and accelerate intelligent motion strategy.

**【CFO Financial Commentary】**
- Q4 net sales $246.9M (-5% YoY), adj. EPS $0.60 (-20% YoY) due to lower volume, mix, and $11M deal costs. Adjusted EBITDA $36.1M (14.6% margin).
- FY26 guidance: flat to slightly up net sales and adj. EPS, with $0.20-$0.30 EPS headwind from tariffs in H1. Free cash flow $29.5M in Q4, down $0.6M YoY.
- Debt reduced $60M in FY25, net leverage 3.1x. FY26 interest expense up to $35M due to expiring hedge.

**【Q&A Key Takeaways】**
- Tariffs: 145% China, 10% EU rates embedded. Surcharges and pricing to mitigate, but lag in applying to backlog. H1 FY26 $10M gross profit headwind expected.
- Short-cycle recovery: Q4 orders flat vs. Q3 improvement. Mid-May orders up YoY, but cautious on macro policy uncertainty.
- Precision conveyance: 19% YoY growth, driven by battery, e-commerce, and defense. Backlog projects to support H2 execution.
- Kito integration: 13/14 approvals secured. Day-one readiness for synergies, with focus on supply chain and cost mitigation.

Columbus McKinnon Corporation (CMCO) Q4 2025 Earnings Call Transcript

- **$2B+ Platform Creation**: Columbus McKinnon + Kito Crosby deal delivers 23% EBITDA margin, $70M annual synergies by year 3.
- **Q3 Results**: $234M sales (-8% YoY), $0.56 EPS (-$0.18 YoY) amid macro headwinds.
- **Tariff Resilience**: <5% sales exposure for CMCO, <3% for Kito Crosby.
- **Debt Strategy**: 8%+ blended interest rate, 3x leverage target by FY25 end.
- **Growth Drivers**: Nearshoring, automation, infrastructure investment tailwinds.
- **Operational Excellence**: 16% SKU reduction, 15%+ inventory turns improvement.


**【CEO Summary Section】**
- Announced the transformative combination with Kito Crosby, creating a $2 billion+ revenue platform with 23% adjusted EBITDA margin.
- Highlighted $70 million in net cost synergies by year 3, driven by supply chain optimization, operational efficiencies, and overlapping expenses.
- Emphasized the deal's alignment with long-term growth framework, targeting nearshoring, automation, and infrastructure investment trends.
- Noted current macro challenges (U.S. policy uncertainty, European demand softness) but maintained medium-term optimism.

**【CFO Financial Commentary】**
- Q3 2025 net sales: $234.1 million (-8% YoY), driven by U.S. policy uncertainty and European weakness.
- Adjusted EPS: $0.56 (-$0.18 YoY), including $0.11 FX impact.
- Gross margin: 36.8% (adjusted basis), down 40bps YoY due to volume/mix.
- Free cash flow: $6.2 million (Q3), trailing 12M conversion 266%.
- Updated FY25 guidance: low-single-digit sales decline, low teens EPS decline.
- Net leverage expected to remain ~3x at FY25 end.

**【Q&A Key Takeaways】**
- Synergy realization: 60%+ from year 1, 100%+ by year 3; $70M net savings include supply chain (30%), G&A (25%), manufacturing (20%).
- Tariff exposure: <5% of TTM sales for Columbus McKinnon, <3% for Kito Crosby.
- Regulatory risk: low; focused on power chain hoist overlap in HSR review.
- Interest rate expectations: <8% blended rate post-transaction.
- Free cash flow: >100% conversion (ex-integration costs), targeting 3x deleverage by year 2.

**【Kito Crosby Deal Highlights】**
- Pro forma adjusted EBITDA: $475 million (8x multiple post-synergies).
- Revenue mix: 60% North America, 20% Europe, 20% APAC.
- Product portfolio: 70% mission-critical hardware/consumables with <10% wear threshold.
- 4,000 channel partners, 600,000+ trained end users.
- 7% CAGR 2022-2024, 35% gross margin.

**【Operational Updates】**
- Factory consolidation: 2 U.S. facilities into Mexico, $3M annual savings.
- Monterrey, Mexico facility ramping up.
- 2025 CapEx: $18-22 million.
- Debt reduction: $45M YTD, targeting $60M by FY25 end.
- 80/20 simplification: 16% reduction in SKUs, 15%+ inventory turns improvement.


Actual											0.58	0.07	0.34	0.26	0.5	0.69	0.74	0.6	0.79	0.69	0.73	0.72	0.8	0.62	0.76	0.74	0.75	0.62	0.7	0.56	0.6	0.5	0.62	0.62
Forecast											0.465	0.0214	0.2483	0.1571	0.5125	0.4691	0.745	0.5367	0.765	0.595	0.726	0.6068	0.743	0.6225	0.7025	0.68	0.8375	0.608	0.6962	0.715	0.575	0.4675	0.53	0.5823
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+24.73%	+227.10%	+36.93%	+65.50%	-2.44%	+47.09%	-0.67%	+11.79%	+3.27%	+15.97%	+0.55%	+18.66%	+7.67%	-0.40%	+8.19%	+8.82%	-10.45%	+1.97%	+0.55%	-21.68%	+4.35%	+6.95%	+16.98%	+6.47%

CMCO

CMCO fundamentals

CMCO Q3 2026 Earnings

Earnings Call

You can ask Aime

CMCO

CMCO fundamentals

CMCO Q3 2026 Earnings

Earnings Call

CMCO Earnings Call Summary for Q3/20265:00 PM on Feb 9, 2026

CMCO Earnings Call Summary for Q2/202610:00 AM on Oct 30, 2025

CMCO Earnings Call Summary for Q1/202610:00 AM on Jul 30, 2025

CMCO Earnings Call Summary for Q4/202510:00 AM on May 28, 2025

CMCO Earnings Call Summary for Q3/20255:00 PM on Feb 10, 2025

You can ask Aime