Columbus McKinnon Corporation has released its financial results for the first quarter of fiscal 2026, reporting a decline in key financial metrics compared to the same period last year. The company's net income for Q1 FY26 was a loss of $1.9 million, a significant decrease from the net income of $8.6 million reported in Q1 FY25. This translates to a net income margin of -0.8%. The gross profit for the quarter was $77.2 million, down from $89.0 million in the previous year, representing a decrease of 13.3%. The gross margin also fell to 32.7%, compared to 37.1% in the same quarter last year. Adjusted gross profit was reported at $80.9 million, a decrease from $91.0 million in Q1 FY25, with an adjusted gross margin of 34.3%. Income from operations saw a sharp decline, dropping by 74.0% to $5.5 million from $21.1 million in the previous year, with the operating margin decreasing to 2.3% from 8.8%. Adjusted operating income was $18.5 million, down from $25.7 million, with an adjusted operating margin of 7.8%. Looking ahead, Columbus McKinnon provided guidance for fiscal 2026, anticipating net sales to be flat to slightly up and adjusted EPS to be flat to slightly up. The company assumes approximately $35 million of interest expense, $30 million of amortization, an effective tax rate of 25%, and 29.0 million diluted average shares outstanding for fiscal 2026.