Columbus Mckinnon ( (CMCO) ) has released its Q1 earnings. Here is a breakdown of the information Columbus Mckinnon presented to its investors.
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Columbus McKinnon Corporation is a global leader in designing, manufacturing, and marketing intelligent motion solutions for material handling, focusing on enhancing safety and efficiency in commercial and industrial applications.
In its first quarter of fiscal year 2026, Columbus McKinnon reported a slight increase in orders and a significant backlog growth, despite facing challenges from tariffs and acquisition-related expenses. The company reaffirmed its guidance for the fiscal year, maintaining a positive outlook on its strategic initiatives.
Key financial highlights include a 2% increase in orders to $258.6 million and a 23% rise in backlog to $360.1 million. However, net sales decreased by 1.6% to $235.9 million, and the company reported a net loss of $1.9 million, impacted by acquisition costs and tariffs. Adjusted EBITDA stood at $30.8 million, reflecting a margin of 13.0%.
Despite the near-term challenges, Columbus McKinnon remains optimistic about its future, emphasizing strong operational execution and strategic growth plans. The company is progressing with the Kito Crosby acquisition, aiming to leverage synergies and scale for long-term profitability and shareholder value.
Looking ahead, Columbus McKinnon anticipates stable to slightly increased net sales and adjusted EPS for fiscal 2026, with expectations of overcoming tariff impacts in the latter half of the year, aligning with its strategic objectives and capital allocation priorities.