Columbus McKinnon Q2 sales up 8%, beat estimates

Reuters10-30
Columbus McKinnon <a href="https://laohu8.com/S/QTWO">Q2</a> sales up 8%, beat estimates

Overview

  • Columbus McKinnon fiscal Q2 sales grow 8%, beating analyst expectations

  • Adjusted EPS for fiscal Q2 beats consensus, reflecting strong operational performance

  • Company reaffirms fiscal 2026 guidance, preparing for Kito Crosby acquisition

Outlook

  • Company reaffirms FY26 adjusted EPS guidance to be flat to slightly up

  • Columbus McKinnon expects FY26 net sales to rise low-to-mid single digits

  • Company anticipates tariff cost neutrality by end of fiscal 2026

Result Drivers

  • SALES GROWTH - Driven by increased volume, price improvements, and favorable currency translation

  • U.S. MARKET RECOVERY - U.S. short-cycle market recovery and strong backlog execution boosted sales

  • EMEA CHALLENGES - Weaker macroeconomic sentiment in EMEA slowed order conversion rates

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

$261 mln

$240.63 mln (4 Analysts)

Q2 Adjusted EPS

Beat

$0.62

$0.53 (4 Analysts)

Q2 Net Income

$4.60 mln

Q2 Adjusted EBITDA

Beat

$37.40 mln

$33.64 mln (3 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

  • Wall Street's median 12-month price target for Columbus McKinnon Corp is $33.00, about 54.4% above its October 29 closing price of $15.05

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn8LmZ0ha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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